INDIA MEDICAL THAWING SYSTEM MARKET FORECAST 2022-2028

The India medical thawing system market is estimated to project a CAGR of 10.51% during the forecast period, 2022-2028, and is expected to reach a revenue of $6.58 million by 2028.

The booming blood plasma market in India is one of the key factors offering growth opportunities for the medical thawing system market. This is because of the increasing foreign direct investment (FDI) between April 2000 and June 2018 in clinics and hospitals, as per the Department of Industrial Policy and Promotion (DIPP), which further benefits the health infrastructure. At the same time, as per the WHO, India requires around 900,000 liters of plasma proteins annually. Earlier, the country outsourced proteins from multinational companies like Baxter. At present, several domestic companies are undertaking manufacturing. For instance, Reliance Life Sciences launched its first set of five plasma proteins, including virus inactivated plasma (ReliPlasma), fibrin sealant (ReliSeal), anti-hemophilic factor VIII (HemoRel), immunoglobulin (ImmunoRel), and albumin (AlbuRel).

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Furthermore, emerging technologies like 3D cell culture are witnessing increased adoption in regenerative medicine, toxicity screening, and drug discovery, given their ability to mimic the in vivo environment of diseased cells. India is one of the prominent 3D cell culture markets in Asia-Pacific. As a result, it is a conducive market for medical thawing systems, given their role in facilitating high cell viability. Besides, the Indian pharmaceutical industry has been recording steady growth over the years, thereby becoming a potential market for cell culture technologies.

The India medical thawing system market scope includes the assessment of sample type and end-user. The end-user segment is further sub-segmented into tissue banks, hospitals, pharmaceutical & biotech companies, blood banks, and other end-users.

Hospitals house the injured and the sick and administer surgical and medical treatment alongside disease diagnosis. They are the major end-users of thawing systems, given the presence of competent medical professionals for handling medical equipment and their multi-facility healthcare treatments. Also, medical thawing systems are used for several emergency cases that need a blood transfusion. Moreover, hospitals became the centers for vaccine administration during the pandemic. Vaccines need thawing systems to unfreeze.

A tissue is a group of cells with similar structures, functioning together as a unit. A tissue bank collects and recovers human tissues for medical research, allograft transplantation, and education. It is also a designated area wherein tissue storage requires cryogenic conditions for clinical usage. Tissue banks collect samples from donors and freeze them in cold storage for future medical treatments. One of the largest non-profit tissue banks is the American Association of Tissue Banks (AATB).

A cryobank, semen bank, and sperm bank is a facility that sells, purchases, and preserves human semen. The sample is preserved through cryopreservation. The sample is warmed using a thawing system before the fertilization process.

Some of the key firms in the India medical thawing system market are Sartorius AG, Terumo Corporation, Danaher Corporation, Thermo Fisher Scientific Inc, Cardinal Health, etc.

Danaher Corporation markets, manufactures, and designs commercial, industrial, professional, and medical products and services globally. It operates through three segments, environmental & applied solutions, diagnostics, and life sciences. The company has a varied consumer base globally, with research & development, distribution, sales, and manufacturing facilities and services in over 50 countries. It has its headquarters in Washington, the United States.

One of its key products, VIA Thaw Dry Automated Thawers, automates thawing to eliminate waterborne contamination risks and streamline processes with dry thawing technology.

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