The global blood warmer devices industry is on a promising trajectory, with an anticipated valuation of US$ 451.2 Million in 2022. This growth is poised to continue at a robust CAGR of 7.6% from 2022 to 2032, projecting a market worth approximately US$ 937.5 Million by the close of 2032. Notably, intravenous warming systems, accounting for around 47.1% of the market share in 2021, lead the market in terms of products.
The expansion of the blood warmer devices market is underpinned by the increasing incidence of conditions such as hypothermia, characterized by a dangerous drop in body temperature. This condition often arises when the body loses heat faster than it can generate it, causing the temperature to fall below 35°C. Prolonged exposure to extreme cold, neonatal vulnerability, aging populations, and various medical conditions like dementia, hypothyroidism, and low blood sugar contribute to the prevalence of hypothermia. Trauma patients, in particular, face a heightened risk of hypothermia, further bolstering the market’s growth prospects.
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Hypothermia has become very common and causes major complications, this is driving the demand for blood warmer devices. Since these devices can help in preventing complications during the blood transfusion process the demand is expected to grow in the future. Companies are also investing in the research and development of portable and smart blood-warming devices. Manufacturers are also working on new business strategies in order to launch a new product. Partnerships and collaborative activities are also on the rise. The demand for disposable blood and fluid warmer devices is also increasing, due to the rise in a number of complications.
Key Market Players Competing to Sustain in the Market
The report offers a detailed profile of some of the key market players in the global blood warmer devices market such as 3M Company, Smiths Medical, The 37 Company, GE Healthcare, Emit Corporation, Stryker Corporation, Geratherm Medical, Barkey GmbH & Co. KG, Stihler Electronic GmbH, Biegler GmbH, Belmont Instrument, Keewell Medical Technology Co. Ltd., and Baxter International Inc. (Gambro). These key players are continuously working on new business strategies to offer better product and compete in the global market.
Forecast Highlights on the Global Blood Warmer Devices Market
The global blood warmer devices market is segmented on the basis of end user, product type, application, and region. Based on the product type, the segment includes intravenous warming system, surface warming system and blood warming accessories. Among these, surface warming system is expected to be the widely accepted product in the global blood warmer devices market. By the end of 2026, surface warming system is estimated to surpass US$ 100 million revenue.
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On the basis of end user, the segmentation consists of hospitals, blood banks, home care settings and others. Hospitals are expected to be the largest users of the blood warmer devices. By the end of 2017, hospitals are estimated to account for nearly two-third of the revenue share.
Based on the application, the market is segmented into home care, preoperative care, acute care, new born care and other application. Blood warming devices are expected to find the largest application in the preoperative care. By the end of 2026, preoperative care segment is estimated to reach nearly US$ 100 million revenue.
Geographically, the market is segmented into Europe, North America, Japan, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and Latin America. Among these, North America is expected to dominate the global blood warmer devices market during the forecast period 2017-2026. Increasing occurrence of hypothermia among ageing population and infants in the U.S. is one of the factors driving the growth in North America. Growth in trauma cases and surgeries is also contributing towards the growth of the market in the region.
Market Taxonomy
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Product Type
- Intravenous Warming System
- Surface Warming System
- Blood Warming Accessories
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End User
- Hospitals
- Blood Banks
- Home Care Settings
- Other End Users
Application
- Preoperative Care
- Home Care
- Acute Care
- New Born Care
- Other Applications
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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