Thawing System Market to Reflect Impressive Growth in Healthcare Industry

(IT-NEWSWIRE.COM, February 22, 2020 ) The market growth is primarily driven by the growing incidence of chronic diseases and technological advancements in thawing devices. Factors such as rising focus of major players in emerging Asian countries and government support are driving the growth of the thawing system market in this region.

What the Market Looks Like?
Predicted to grow at a CAGR of 12.6% during the forecast period, the global Thawing System market is estimated to reach USD 252.7 Million by the end of 2022.

“Manual devices are estimated to account for the largest market share in 2017”
On the basis of type, the thawing system market is classified into manual and automated devices. The manual devices segment is expected to lead the global thawing system market in 2017. Factors driving the growth of this segment include low cost and wider availability of manual devices across the globe.

“The blood sample segment is estimated to dominate the market in 2017”
By sample type, the market is segmented into blood, embryos, semen, ovum, and other samples (nucleic acids and human tissues). The blood sample segment is anticipated to account for the largest share of the global thawing system market in 2017. Rising incidence of blood disorders and increasing demand for various types of blood products are major factors responsible for the large share of this segment.

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Geographical growth scenario of Thawing System Market
The global thawing system market is dominated by North America, followed by Europe. North America will continue to dominate the global thawing system market in the forecast period. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered in Japan, China, and India.

Leading market players
The prominent players in the Thawing System market include General Electric Company (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Terarecon, Inc. (U.S.), Fujifilm Holdings Corporation (Japan), Pro Medicus Limited (Australia), Carestream Health, Inc. (U.S.), Agfa-Geveart N.V. (Belgium), and Qi Imaging, LLC (U.S.), among others.

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Thawing System Market to Reflect Impressive Growth in Healthcare Industry