Thawing System Market to Reach US$ 350 Mn by 2026

A report on the market by Transparency Market Research finds that it would rise at a robust 10% CAGR between 2017 and 2026. Rising at this pace, the global thawing systems market would likely reach a valuation of US$350 mn by the end of 2026.Thawing systems find application in defrosting biological samples in biobanks, diagnostic centers, and biotechnology and pharmaceutical companies. Thawing systems typically consist of thaw bags and containers for process development. Those are highly useful for research and development processes since they do away with the need for large amount of sample.

General Electric Company, Sartorius Aktiengesellschaft, Helmer, Inc., Cardinal Health, Inc., Cytotherm Lp, Barkey GmbH & Co. KG, and BioCision, LLC. Are to name a few of the key companies operating in the global thawing systems market.

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Based on the type of product, the low cost manual thawing systems are seeing significantly high demand in the global thawing system market. This demand is expected to remain intact over the course of the forecast duration. From a geographical standpoint, North America at present holds a dominant position in the global thawing systems market. It is mainly powered by the U.S. where a large number of pharmaceutical and biotechnology companies are seen pouring money into drug research and development. Helpful government policies has also led to creation of biobanks to ensure proper storage and supply of blood in hospitals and healthcare centers in the U.S. This has also filliped the thawing system market in the region. Our report projects North America’s thawing system market to rise at a CAGR of 11.9% during the forecast period.

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