Platelet Incubator Market
Platelet Incubator Market (Product - Bench-top Platelet Incubator, Floor-standing Platelet Incubator; End user - Blood Banks, Hospitals, Academic and Research Institutes) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026
Press Release :
Platelet incubators are used for creation of an environment, which has constantly controlled temperature for storage of platelets. The modern day platelet incubators are specifically designed with a pre-built chart recorder. It also has an advanced regulatory and monitoring system for platelet storage at certain temperatures. These platelet incubators have powder coatings that are bacteria resistant. They are also equipped with multiple temperature glass doors which have magnetic seal with an objective to ensure safety. The popularity and demand of the global platelet incubator market can be primarily attributed to the rising prevalence of chronic diseases and treatment of the same.
One of the key growth factor helping the global platelet incubators market is the rise in the treatment of chronic disorders such as leukemia, which involves a sudden decrease or increase in the count of platelets or lead to formation of dysfunctional platelets in blood of patients. Some other factors that are expected to help the development of the global platelet incubators market is the growing awareness about the importance of transfusion of platelets, increasing prevalence of platelet related disorders, and growing demand for more efficient platelet incubators.
However, strict regulatory frameworks and alternating reimbursement and insurance policies are expected to impede the market development.
Nevertheless, the companies operating the global platelet incubators market, both private as well as public, are now concentrating cutting down the cases of platelet related disorders by setting up storage unites of platelets in several healthcare institutes across the world. Moreover, several organizations are now increasingly investing and funding research institutes for finding innovative technologies which can help in the manufacturing of more efficient storage systems of highly effective platelet incubators. This is also expected to help in the overall development of the global market in the coming years of the forecast period.
Platelet Incubator Market - Snapshot
Platelet incubators offer an environment with continuously controlled temperature for storage of platelets. New generation platelet incubators are specifically designed with an advanced monitoring system and a built-in chart recorder to store platelets at the desired temperature. Incubators are covered with a bacteria-resistant powder coating and equipped with temperature glass doors having a magnetic seal in order to ensure safety. The platelet incubator has gained popularity, as it helps provide accurate and stable storage conditions for platelets, as compared to normal incubators. Rise in platelet-related disorders among the geriatric population is likely to drive the global platelet incubator market in the near future.
The global platelet incubator market is characterized by increase in incidence of chronic disease-induced thrombocytopenia across the world. The market is expanding at a steady pace due to technological advancements supported by government funding and initiatives. The global platelet incubator market is projected to expand at a steady pace from 2018 to 2026.
Increase in the geriatric population, which is prone to platelet-related disorder, large patient base in developing countries demanding platelet transfusion, and investments by public and private market players in R&D on platelet incubator to ensure the quality preservation of platelet under controlled temperature are key factors that are likely to drive the global platelet incubator market. However, lengthy regulatory approval procedure, significant investment required in innovation of platelet incubator, and lack of awareness about importance of platelet transfusion in the treatment of diseases that induce thrombocytopenia are likely to restrain the global market during the forecast period. Platelet incubators are gaining popularity among health care professionals, as these have proven to be effective in maintaining stable storage temperature of platelet. Investment in innovation in platelet incubator and partnerships for co-development and commercialization of platelet incubator are expected to fuel the global platelet incubator market in the near future.
In terms of product, the global platelet incubator market has been classified into bench-top platelet incubator and floor-standing platelet incubator. The bench-top platelet incubator segment is projected to dominate the market during the forecast period. Expansion of the segment can be attributed to the increase in usage of platelet incubator for platelet storage and supply, as the bench-top incubator occupies less space and is a cost-effective option as compared to the floor-standing platelet incubator. Bench-top platelet incubators are highly preferred for academic and research institutes and small blood collection centers. Moreover, the presence of key companies, such as Helmer Scientific, engaged in research & development and manufacture of innovative platelet incubators boosts the global market. Furthermore, initiatives taken by public and private organizations are aimed at installing new generation platelet incubators in blood banks and hospitals in order to provide better healthcare facilities and patient care. The relatively stable growth rate of the segment can be ascribed to the high replacement rate and stringent regulation for manufacturing and approval. The floor-standing platelet incubator segment is anticipated to expand at an above average growth rate during the forecast period despite the predominant use of bench-top platelet incubator by end-users. Floor-standing incubators are predominantly employed in large blood banks and hospitals. Preference for floor-standing platelet incubator has increased among end-users, as more number of platelet bags can be stored in floor-standing incubators as they have larger capacity as compared to bench-top platelet incubators. Moreover, floor-standing platelet incubators are designed with enhanced features, such as audio and visual alarms, chart recorders, and digital temperature displays to offer an environment with controlled and stable temperature.
Based on end-user, the global platelet incubator market has been classified into blood banks, hospitals, academic & research institutes, and others. The blood banks segment is expected to dominate the global platelet incubator market during the forecast period. In terms of region, the global platelet incubator market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a major share of the global platelet incubator market in 2017. Europe was another major market for platelet incubator in 2017. Developed health care infrastructure, high rate of adoption of technologies, and relatively high paying capacity of patients in North America and Europe, as compared to developing countries, provide assured business growth to new market entrants, which contributed to the high market share held these two regions. Considerable expansion of the biomedical industry in India and China and investments made by global companies in Asia Pacific for establishment of sales subsidiaries in order to provide support and services to customers and to attract new potential customers are expected to propel the platelet incubator market in Asia Pacific.
Major players operating in the global platelet incubator market include Helmer Scientific, Boekel Scientific, SARSTEDT AG & Co. KG, Lmb Technologie GmbH, LABCOLD, EMSA? Electrical Equipment San. and Tic. Inc., Meditech Technologies India Private Limited, Biolab Scientific, BIOBASE, Nuve Sanayi Malzemeleri Imalat ve Tic. Inc., and TERUMO CORPORATION.
Platelet Incubator Market - Overview
This report studies the current as well as future prospects of the global platelet incubator market. Stakeholders of this report include companies and intermediaries engaged in the manufacture, commercialization, and provision of platelet incubator and new players planning to enter the market. The report comprises an elaborate executive summary, along with a market snapshot, providing overall information on various segments considered in the scope of the study. The section also provides information and data analysis of the global platelet incubator market in terms of product, end-user, and region.
The global platelet incubator market has been segmented based on product, end-user, and region. In terms of product, the global market has been classified into bench-top platelet incubator and floor-standing platelet incubator. Based on end-user, the global platelet incubator market has been segmented into blood banks, hospitals, academic & research institutes, and others. The blood banks segment is expected to dominate the global platelet incubator market during the forecast period.
Top-down approach has been employed for determining the size of the global platelet incubator market, using various market indicators obtained from secondary sources, which included analysis of launched products and mapping of demand of platelet incubator of top market players in specific regions. Approach has been used to derive the market size of different product segments, wherein market size of parent market was obtained through secondary sources and analyzed for sales by narrowing down to revenue percentage for product segment through extensive analysis of investor presentations, press releases, primary interviews, and others. Data triangulation is based on both secondary research (top-down and bottom-up approaches) and primary research. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size. Market value and forecast, in terms of US$ Mn, for each segment has been provided for the period from 2016 to 2026. The report also provides compound annual growth rate (CAGR) in percentage for each segment for the forecast period from 2018 to 2026, considering 2017 as the base year.
The overview section of the report explores market dynamics such as drivers, restraints, opportunities, and key trends that have significant impact on the global platelet incubator market and may influence it in the near future. Market attractiveness analysis has been provided to explain the intensity of competition in the market across regions. These analyses are likely to help market players take strategic decisions to strengthen their positions and grow their share in the global platelet incubator market. The report also comprises major research institute, price analysis of platelet incubator and key distributors.
In terms of region, the global platelet incubator market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market size and forecast for each of these regions have been provided for the period from 2016 to 2026, along with their respective CAGR for the forecast period from 2018 to 2026, considering 2017 as the base year. The report also provides market size and forecast for major countries in the above mentioned regions. A detailed qualitative analysis of factors responsible for driving and restraining the market and growth opportunities has been provided in the overview section.
Major players operating in the global platelet incubator market are Helmer Scientific, Boekel Scientific, SARSTEDT AG & Co. KG, Lmb Technologie GmbH, LABCOLD, EMSA? Electrical Equipment San. and Tic. Inc., Meditech Technologies India Private Limited, Biolab Scientific, BIOBASE, Nuve Sanayi Malzemeleri Imalat ve Tic. Inc., and TERUMO CORPORATION.
The global platelet incubator market has been segmented as follows:
Global Platelet Incubator Market, by Product
- Bench-top Platelet Incubator
- Floor-standing Platelet Incubator
Global Platelet Incubator Market, by End-user
- Blood Banks
- Academic & Research Institutes
Global Platelet Incubator Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa