Blood Thawing System Market Key Players, Shares, Types, Manufacturers, Industry Analysis, Growth, Trends, Drivers, Challenges to 2022-2030

Expert Opinions on Transfusion Practices Help Tide Over COVID-19 Uncertainties

The COVID-19 pandemic has had major implications on blood transfusion. Decline in donations, uncertain patterns in the demand, and lack of crucial staff due to sickness and public health restrictions have grappled the blood thawing system market. Thus, stakeholders in the market and healthcare professionals are working closely to adopt contingency planning and refer evolving publications to understand industry trends.

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Clinicians and companies in the blood thawing system market are monitoring supply and demand trends to maintain sufficient blood stocks in order to support critical needs of high risk patients. Stakeholders are educating clinicians about practical guidance to support transfusion specialists worldwide. They are offering expert opinions pertaining to transfusion practices in times of potential or real shortage of products and samples.

GMP Complaint Formulations Overcome Shortcomings of DMSO in Cell Culture

The blood thawing system market is projected to reach ~US$ 400 Mn by 2030 during the forecast period. However, it has become important for companies to overcome cryopreservation challenges. Issues in cell culture processes are affecting advancements in cryopreservation techniques. Thus, serum-free and chemically defined formulations are replacing DMSO (Dimethyl Sulfoxide) in cryopreservation processes.

The residual DMSO is posing as a challenge in cryopreservation for cell culture, owing to its toxicity. Hence, companies in the blood thawing system market are increasing awareness about GMP (Good Manufacturing Practice) complaint formulations that have the potential to be less harmful for cell culture.

FDA, CE Marked Dry Plasma Thawing Products Preferred for FFP

The market value of dry plasma thawing products is predicted for exponential growth and larger revenue share during the forecast period, as compared to wet plasma thawer. ZipThawTM 202 is gaining recognition in the blood thawing system market for advantages such as decline in errors, cost savings, and reduction in product wastage. Manufacturers are taking cues from such products to increase the availability for lightweight and easy to use dry plasma thawing products.

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Manufacturers in the blood thawing system market are developing FDA (Food & Drug Administration) approved, CE marked, ISO certified, and UL listed plasma defrosters to boost their credibility. Applications such as thawing fresh frozen plasma (FFP) and plasma frozen within 24 hours after phlebotomy are creating revenue streams for product manufacturers.

Reliable Umbilical Cord Blood Processing with Robust Instruments Gains Prominence

The blood thawing system market is estimated to register a favorable CAGR of ~8% during the assessment period. Apart from blood plasma and platelets, companies are unlocking business opportunities in cord blood banking. Cytiva— a provider of technologies and services for the healthcare industries is increasing focus in reducing errors in cord blood banking. The reliable umbilical cord blood processing with the help of cutting-edge instruments, software, and kits is translating into value grab opportunities for companies.

Consistent cryopreservation and thawing techniques are being used by companies in the blood thawing system market. They are increasing efforts toward the acquisition of proven technologies and integration. This involves the use of robust cell processing instruments that are being extensively used in research institutes, stem cell banks, and hospitals.

Collaborations with Researchers to Facilitate On-demand Cell Thawing

The Asia Pacific blood thawing system market is predicted for robust growth during the forecast period. Companies are expected to collaborate with research teams from universities such as the Singapore-MIT Alliance for Research and Technology (SMART), which is gaining popularity for its optimized intermediary cryogenic storage protocol. There is a need for products that help to reduce the cell culture time and eliminate the need for continuous blood manufacturing.

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Blood thawing techniques are being used in tandem with low cost RBC (Red Blood Cells) purification and targeted sorting applications. Companies in the blood thawing system market are providing devices that help to thaw cells as per demands in RBC purification.

Analysts’ Viewpoint

Addressing the entire transfusion chain from the donor to patient has become necessary during the ongoing coronavirus pandemic. With the help of innovative dry plasma thawing products, users can select presets to thaw and transform frozen plasma for immediate use. Even though DMSO is the standard protocol for cryopreservation processes, it is subject to issues for processes in 3D tissues or organoids in vitrification and devitrification applications. Hence, companies in the blood thawing system market should explore hydrogel systems as conduits for cryopreservation. The GMP ready cryochain hardware and software are being built for reliability and traceability in umbilical cord blood processing. Researchers are developing protocols that enable on-demand thawing and reduce the need for continuous blood manufacturing.

Blood Thawing System Market: Overview

The global blood system thawing market was valued at ~US$ 174 Mn in 2019. The blood thawing system market is projected to expand at a moderate CAGR from 2020 to 2030. Increase in geriatric population globally, new product launches, collaboration among players, rise in use of thawed cells in the research and treatment of diseases such as diabetes and cancer, surge in surgical operations globally, and high incidence of road accidents are anticipated to boost the global blood thawing system market during the forecast period.

Presence of key players offering technologically advanced product portfolios and their strong geographic reach are likely to propel the global blood thawing system market. Key industry events, including partnerships, mergers & acquisitions, and collaborations are estimated to fuel the blood thawing system market across the globe.

Bleeding, also known as hemorrhage, is the name used to describe blood loss. It may refer to blood loss within the body, called internal bleeding, or blood loss outside the body called external bleeding. There are frequent cases of hemorrhagic conditions during surgery procedures, which demands high amount of blood and its components such as plasma and platelets.

Increase in the number of product launches and collaborations between players are major contributors to the blood thawing system market

For instance, FreMon Scientific received U.S. FDA approval of its Zip Sleeve and Zip Thaw system in February 2020. Zip Sleeve and Zip Thaw are the next-generation thawing device, which is secure, lightweight, simple to use, dry, and demands almost no servicing.

In September 2020, Boekel Scientific released the FS100, a novel high capacity floor standing platelet incubator and agitator for loading platelets in hospitals and blood centers. This device can stock up to 100 units of platelets and employs advanced thermoelectric heating and cooling to maintain platelets at the ideal storage temperature.

Segmentation

The global blood thawing system market has been segmented based on product type, capacity, sample type, end user, and region

In terms of product type, the global blood thawing system market has been segregated into dry plasma thawer and wet plasma thawer. The dry plasma thawer segment accounted for a prominent share of the market in 2019. Dominance of the dry plasma thawer segment can be attributed to various advantages over wet plasma thawer, such as decline in chances of bacterial contamination as the operator’s hands and the plasma packs remain dry.

In terms of capacity, the global blood thawing system market has been classified into 2 bags, 4 bags, 8 bags, and others. The 8 bags blood thawing devices segment dominated the global blood thawing system market in 2019, owing to the number of benefits offered, including the ease of movement and space utilized as more number of blood samples can be thawed at one time, and highly preferred by professionals during continuous blood thawing process.

Based on sample type, the global blood thawing system market has been categorized into blood plasma, RBCs, platelets, whole blood, and others. The blood plasma sample segment dominated the market in 2019. The segment’s dominance can be attributed to high usage of blood plasma during surgeries and for disease treatments. Furthermore, increase in road accidents, chronic diseases, and geriatric population also contribute to the segment’s dominance.

Based on end user, the global blood thawing system market has been classified into blood banks, transfusion centers, hospitals & diagnostic laboratories, pharmaceutical companies, and others. The blood banks segment accounted for a notable share of the market in 2019, as blood banks gather all the donated blood and preserve for later use in blood transfusion. Increase in the number of blood banks and blood donation camps contribute to the increase in blood storage in blood banks, which, in turn, increases the requirement of blood thawing systems in blood banks.

Regional Segmentation

In terms of region, the global blood thawing system market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

North America dominated the global blood thawing system market in 2019. Rise in prevalence of cardiovascular diseases across the globe and increase in the geriatric population are expected to drive the global blood thawing system market during the forecast period. Rise in the number of surgical procedures in developed countries and focus on developing countries by leading market players is likely to propel the global blood thawing system market in the near future.

The blood thawing system market in Asia Pacific is estimated to expand at a rapid pace during the forecast period. Asia Pacific is a densely populated region and comprises rapidly expanding economies such as India and China. Moreover, Japan is a significant healthcare sector. Asia Pacific is a geographic source of emerging infectious diseases, including multidrug-resistant (MDR) organisms (MDROs), and pathogens with pandemic potential. Risks for emerging infectious diseases in the region are complex and presumed to include ecological, socioeconomic, and technological processes favorable to microbial transmission dynamics.

Major Players

Key players operating in the global blood thawing system market include

  • Fremon Scientific Inc.
  • Helmer Scientific Inc.
  • Barkey GmbH & Co. KG
  • Boekel Scientific
  • KW Scientific Apparatus Srl
  • Cardinal Health
  • Cytiva (GE Healthcare)
  • Sarstedt AG & Co. KG
  • Thermo Fisher Scientific, Inc
  • Sartorius AG

These players focus on adopting various strategies to expand product offerings and strengthen geographic presence across the globe. Technological advancements, mergers & acquisitions, expansion of product portfolio, growth in research & development activities, and focus of companies in expanding their potential business are likely to boost companies’ presence across the globe.

Key Questions Answered in Blood Thawing System Market Report

  • What are the sales/revenue generated by blood thawing system manufacturers across all regions during the forecast period?
  • What are the key trends in the global blood thawing system market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which region is set to expand at the fastest CAGR during the forecast period?
  • Which segment will have the highest revenue globally in 2030 and which segment will expand at the highest CAGR during the forecast period?
  • Market ranking of different companies operating in the global market in 2019.

Blood Thawing System Market – Segmentation

Product Type

  • Dry Plasma Thawer
  • Wet Plasma Thawer

Capacity

  • 2 Bags
  • 4 Bags
  • 8 Bags
  • Others

Sample Type

  • Blood Plasma
  • RBCs
  • Platelets
  • Whole Blood
  • Others

End User

  • Blood Banks
  • Transfusion Centers
  • Hospitals & Diagnostic Laboratories
  • Pharmaceutical Companies
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Blood Thawing System Market

4. Market Overview

4.1. Introduction

4.1.1. Market Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Blood Thawing System Market Analysis and Forecast, 2018–2030

4.4.1. Market Revenue Projections (US$ Mn)

4.4.2. Market Volume Projections (Units)

5. Key Insights

5.1. 5.1. Technological Advancements

5.2. 5.2. Pricing Analysis

5.3. 5.3. Key Industry Events (Mergers, Acquisitions, Partnerships, Collaborations, etc.)

5.4. 5.4. COVID-19 Pandemic Impact on Industry (Value Chain and Short / Mid / Long Term Impact)

6. Global Blood Thawing System Market Analysis and Forecast, by  Product Type

6.1. Introduction & Definition

6.2. Key Findings / Developments

6.3. Global Blood Thawing System Market Value (US$ Bn) Forecast, by Product Type, 2018–2030

6.3.1. Dry Plasma Thawer

6.3.2. Wet Plasma Thawer

6.4. Market Attractiveness Analysis, by  Product Type

7. Global Blood Thawing System Market Analysis and Forecast, by Capacity

7.1. Introduction & Definition

7.2. Key Findings / Developments

7.3. Global Blood Thawing System Market Value (US$ Bn) Forecast, by Capacity, 2018–2030

7.3.1. 2 Bags

7.3.2. 4 Bags

7.3.3. 8 Bags

7.3.4. Others

7.4. Global Blood Thawing System Market Attractiveness Analysis, by Capacity

8. Global Blood Thawing System Market Analysis and Forecast, by Sample Type

8.1. Introduction & Definition

8.2. Key Findings / Developments

8.3. Global Blood Thawing System Market Value (US$ Bn) Forecast, by Sample Type, 2018–2030

8.3.1. Blood Plasma

8.3.2. RBCs

8.3.3. Platelets

8.3.4. Whole Blood

8.3.5. Others

8.4. Global Blood Thawing System Market Attractiveness Analysis, by Sample Type

9. Global Blood Thawing System Market Analysis and Forecast, by End-user

9.1. Introduction & Definition

9.2. Key Findings / Developments

9.3. Global Blood Thawing System Market Value (US$ Bn) Forecast, by End-user, 2018–2030

9.3.1. Blood Banks

9.3.2. Transfusion Centers

9.3.3. Hospitals & Diagnostic Laboratories

9.3.4. Pharmaceutical Companies

9.3.5. Others

9.4. Global Blood Thawing System Market Attractiveness Analysis, by End-user

10. Global Blood Thawing System Market Analysis and Forecast, by Region

10.1. Key Findings

10.2. Global Blood Thawing System Market Value (US$ Bn) Forecast, by Region

10.2.1. North America

10.2.2. Europe

10.2.3. Asia Pacific

10.2.4. Latin America

10.2.5. Middle East & Africa

10.3. Global Blood Thawing System Market Attractiveness Analysis, by Region

11. North America Blood Thawing System Market Analysis and Forecast

11.1.  Introduction

11.1.1.  Key Findings

11.2. North America Blood Thawing System Market Value (US$ Bn) Forecast, by  Product Type, 2018–2030

11.2.1. Dry Plasma Thawer

11.2.2. Wet Plasma Thawer

11.3. North America Blood Thawing System Market Value (US$ Bn) Forecast, by Capacity , 2018–2030

11.3.1. 2 Bags

11.3.2. 4 Bags

11.3.3. 8 Bags

11.3.4. Others

11.4. North America Blood Thawing System Market Value (US$ Bn) Forecast, by Sample Type, 2018–2030

11.4.1. Blood Plasma

11.4.2. RBCs

11.4.3. Platelets

11.4.4. Whole Blood

11.4.5. Others

11.5. North America Blood Thawing System Market Value (US$ Bn) Forecast, by Sample Type, 2018–2030

11.5.1. Blood Banks

11.5.2. Transfusion Centers

11.5.3. Hospitals & Diagnostic Laboratories

11.5.4. Pharmaceutical Companies

11.5.5. Others

11.6. North America Blood Thawing System Market Value (US$ Bn) Forecast, by Country, 2018–2030

11.6.1. U.S.

11.6.2. Canada

11.7. North America Blood Thawing System Market Attractiveness Analysis

11.7.1. By  Product Type

11.7.2. By Capacity

11.7.3. By Sample Type

11.7.4. By End-user

11.7.5. By Country

12. Europe Blood Thawing System Market Analysis and Forecast

12.1. Introduction

12.1.1.  Key Findings

12.2. Europe Blood Thawing System Market Value (US$ Bn) Forecast, by  Product Type, 2018–2030

12.2.1. Dry Plasma Thawer

12.2.2. Wet Plasma Thawer

12.3. Europe Blood Thawing System Market Value (US$ Bn) Forecast, by Capacity, 2018–2030

12.3.1.  2 Bags

12.3.2. 4 Bags

12.3.3. 8 Bags

12.3.4. Others

12.4. Europe Blood Thawing System Market Value (US$ Bn) Forecast, by Sample Type, 2018–2030

12.4.1. Blood Plasma

12.4.2. RBCs

12.4.3. Platelets

12.4.4. Whole Blood

12.4.5. Others

12.5. Europe Blood Thawing System Market Value (US$ Bn) Forecast, by End-user, 2018–2030

12.5.1. Blood Banks

12.5.2. Transfusion Centers

12.5.3. Hospitals & Diagnostic Laboratories

12.5.4. Pharmaceutical Companies

12.5.5. Others

12.6. Europe Blood Thawing System Market Value (US$ Bn) Forecast, by Country/Sub-region, 2018–2030

12.6.1. Germany

12.6.2. U.K.

12.6.3. France

12.6.4. Spain

12.6.5. Italy

12.6.6. Rest of Europe

12.7. Europe Blood Thawing System Market Attractiveness Analysis

12.7.1. By Product Type

12.7.2. By Capacity

12.7.3. By Sample Type

12.7.4. By End-user

12.7.5. By Country/Sub-region

13. Asia Pacific Blood Thawing System Market Analysis and Forecast

13.1. Introduction

13.1.1.  Key Findings

13.2. Asia Pacific  Blood Thawing System Market Value (US$ Bn) Forecast, by  Product Type, 2018–2030

13.2.1. Dry Plasma Thawer

13.2.2. Wet Plasma Thawer

13.3. Asia Pacific  Blood Thawing System Market Value (US$ Bn) Forecast, by Capacity, 2018–2030

13.3.1.  2 Bags

13.3.2. 4 Bags

13.3.3. 8 Bags

13.3.4. Others

13.4. Asia Pacific  Blood Thawing System Market Value (US$ Bn) Forecast, by Sample Type, 2018–2030

13.4.1. Blood Plasma

13.4.2. RBCs

13.4.3. Platelets

13.4.4. Whole Blood

13.4.5. Others

13.5. Asia Pacific  Blood Thawing System Market Value (US$ Bn) Forecast, by End-user, 2018–2030

13.5.1. Blood Banks

13.5.2. Transfusion Centers

13.5.3. Hospitals & Diagnostic Laboratories

13.5.4. Pharmaceutical Companies

13.5.5. Others

13.6. Asia Pacific Blood Thawing System Market Value (US$ Bn) Forecast, by Country/Sub-region, 2018–2030

13.6.1. China

13.6.2. Japan

13.6.3. India

13.6.4. Australia & New Zealand

13.6.5. Rest of Asia Pacific

13.7. Asia Pacific Blood Thawing System Market Attractiveness Analysis

13.7.1. By  Product Type

13.7.2. By Capacity

13.7.3. By Sample Type

13.7.4. By End-user

13.7.5. By Country/Sub-region

14. Latin America Blood Thawing System Market Analysis and Forecast

14.1. Introduction

14.1.1.  Key Findings

14.2. Latin America  Blood Thawing System Market Value (US$ Bn) Forecast, by  Product Type, 2018–2030

14.2.1. Dry Plasma Thawer

14.2.2. Wet Plasma Thawer

14.3. Latin America  Blood Thawing System Market Value (US$ Bn) Forecast, by Capacity, 2018–2030

14.3.1. 2 Bags

14.3.2. 4 Bags

14.3.3. 8 Bags

14.3.4. Others

14.4. Latin America  Blood Thawing System Market Value (US$ Bn) Forecast, by Sample Type, 2018–2030

14.4.1. Blood Banks

14.4.2. Transfusion Centers

14.4.3. Hospitals & Diagnostic Laboratories

14.4.4. Pharmaceutical Companies

14.4.5. Others

14.5. Latin America  Blood Thawing System Market Value (US$ Bn) Forecast, by Sample Type, 2018–2030

14.5.1. Hospitals

14.5.2. Diagnostic Centers

14.5.3. Clinics

14.5.4. Others

14.6. Latin America Blood Thawing System Market Value (US$ Bn) Forecast, by Country/Sub-region, 2018–2030

14.6.1. Brazil

14.6.2. Mexico

14.6.3. Rest of Latin America

14.7. Latin America Blood Thawing System Market Attractiveness Analysis

14.7.1. By Product Type

14.7.2. By Capacity

14.7.3. By Sample Type

14.7.4. By End-user

14.7.5. By Country/Sub-region

15. Middle East & Africa Blood Thawing System Market Analysis and Forecast

15.1. Introduction

15.1.1.  Key Findings

15.2. Middle East & Africa  Blood Thawing System Market Value (US$ Bn) Forecast, by  Product Type, 2018–2030

15.2.1. Dry Plasma Thawer

15.2.2. Wet Plasma Thawer

15.3. Middle East & Africa  Blood Thawing System Market Value (US$ Bn) Forecast, by Capacity, 2018–2030

15.3.1.   2 Bags

15.3.2.  4 Bags

15.3.3. 8 Bags

15.3.4. Others

15.4. Middle East & Africa  Blood Thawing System Market Value (US$ Bn) Forecast, by Sample Type, 2018–2030

15.4.1. Blood Plasma

15.4.2. RBCs

15.4.3. Platelets

15.4.4. Whole Blood

15.4.5. Others

15.5. Middle East & Africa  Blood Thawing System Market Value (US$ Bn) Forecast, by Sample Type, 2018–2030

15.5.1. Blood Banks

15.5.2. Transfusion Centers

15.5.3. Hospitals & Diagnostic Laboratories

15.5.4. Pharmaceutical Companies

15.5.5. Others

15.6. Middle East & Africa  Blood Thawing System Market Value (US$ Bn) Forecast, by Country/Sub-region, 2018–2030

15.6.1. GCC Countries

15.6.2. South Africa

15.6.3. Rest of Middle East & Africa

15.7. Middle East & Africa  Blood Thawing System Market Attractiveness Analysis

15.7.1. By Product Type

15.7.2. By Capacity

15.7.3. By Sample Type

15.7.4. By End-user

15.7.5. By Country/Sub-region

16. Competitive Landscape

16.1. Market Player – Competition Matrix (by tier and size of companies)

16.2.  Company Profiles

16.2.1. Fremon Scientific Inc.

16.2.1.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.1.2. Financial Overview

16.2.1.3. Product Portfolio

16.2.1.4. Strategic Overview

16.2.1.5. SWOT Analysis

16.2.2. Helmer Scientific Inc.

16.2.2.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.2.2. Financial Overview

16.2.2.3. Product Portfolio

16.2.2.4. Strategic Overview

16.2.2.5. SWOT Analysis

16.2.3. Barkey GmbH & Co. KG

16.2.3.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.3.2. Financial Overview

16.2.3.3. Product Portfolio

16.2.3.4. Strategic Overview

16.2.3.5. SWOT Analysis

16.2.4. Boekel Scientific

16.2.4.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.4.2. Financial Overview

16.2.4.3. Product Portfolio

16.2.4.4. Strategic Overview

16.2.4.5. SWOT Analysis

16.2.5. KW Scientific Apparatus Srl

16.2.5.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.5.2. Product Portfolio

16.2.5.3. Strategic Overview

16.2.5.4. SWOT Analysis

16.2.6. Cardinal Health

16.2.6.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.6.2. Financial Overview

16.2.6.3. Product Portfolio

16.2.6.4. Strategic Overview

16.2.6.5. SWOT Analysis

16.2.7.  Cytiva (GE Healthcare)

16.2.7.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.7.2. Financial Overview

16.2.7.3. Product Portfolio

16.2.7.4. Strategic Overview

16.2.7.5. SWOT Analysis

16.2.8. Sarstedt AG & Co. KG

16.2.8.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.8.2. Financial Overview

16.2.8.3. Product Portfolio

16.2.8.4. Strategic Overview

16.2.8.5. SWOT Analysis

16.2.9. Thermo Fisher Scientific, Inc

16.2.9.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.9.2. Financial Overview

16.2.9.3. Product Portfolio

16.2.9.4. Strategic Overview

16.2.9.5. SWOT Analysis

16.2.10. Sartorius AG

16.2.10.1. Company Overview (HQ, Business Segments, Employee Strength)

16.2.10.2. Financial Overview

16.2.10.3. Product Portfolio

16.2.10.4. Strategic Overview

16.2.10.5. SWOT Analysis

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