Freeze and Thaw Systems Market

COVID-19 Impact Analysis

• COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
• There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the freeze and thaw systems market. 

Top Impacting Factors
Rise in incidences of chronic disease leading to demand for novel and improved drugs, and therapies. This has further led to a growing demand for proper and safe storage and transportation of several cell based substances or hormonal drugs, among others. Such factors boost the growth of the market. 
Rise in launches & agreements, and technological advancements to ease and simplify the process of freezing and thawing are the major factors that propel the freeze and thaw systems market growth.
In addition, more biotechnological and pharmaceutical companies have adopted the approach of using these systems for the storage of their medicines and drugs and thus have helped in driving the growth of the market.
Moreover, the dire need for novel medicinal inventions is expected to propel adoption of thawing systems, which is expected to provide lucrative opportunities for the freeze and thaw systems market growth during the forecast period.
Furthermore a viable method of storing and transporting sensitive products has become essential, which in turn has driven the development and adoption of freeze and thaw systems.

Market Trends
New Product Launches to Flourish the Market

• In January 2019, Farrar Scientific announced that the company has entered into an agreement with Lowenco for a long-term partnership. The partnership is expected to benefit both the companies in terms of enhancing their geographical reach and product portfolio.
• Recently, Sartorius Sedim Biotech, announced the launch of a new disposable freeze and thaw system. The company claims that the product has the ability to replace the conventional container based freeze and thaw systems. The new disposable system has all the necessary equipment needed for freezing and thawing and has a storage capacity of around 100L.
• In April 2021, BioLife Solutions, Inc. announced that it has launched a new line of high capacity controlled rate freezers (HCRF), with an initial shipment to a leading cell therapy company. The freezer will be a critical component in this customer's cold chain management of several allogeneic cell therapies in development.   

Key Benefits of the Report

• This study presents the analytical depiction of the freeze and thaw systems market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the freeze and thaw systems market share.
• The current market is quantitatively analyzed to highlight the freeze and thaw systems market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Freeze and Thaw Systems Market Report

• Which are the leading market players active in the freeze and thaw systems market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What future projections would help in taking further strategic steps?
• What is freeze and thaw systems market?
• What is freeze and thaw systems market prediction in the future?
• Who are the leading global players in the freeze and thaw systems market?
• What are the current trends and predicted trends?
• What are the key benefits of the freeze and thaw systems market report?