Thawing System Market Size Estimation, Key Players, Regional Overview, Emerging Trends, Future Growth and Industry Analysis by 2027
Thawing System Market Overview The Global Thawing System Market held a market value of USD 250 Million in 2017 and is projected to grow at a CAGR of 11.6% over the forecast period. Thawing system market is mainly used for safe storage and transport of various biopharmaceuticals products which are used for various research purposes. Due to increasing focus on research and development of cell therapies, moreover, increasing applications in cancer treatment. Companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competition in the market. Additionally, the growing research and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. However, the high cost of Automation may hamper...