The global blood warmer devices market is set to experience robust growth, with its valuation expected to climb from USD 451.2 million in 2022 to approximately US$ 937.5 million by the end of 2032. This substantial growth, occurring at a projected compound annual growth rate (CAGR) of 7.6% during the forecast period, underscores the increasing demand for these critical medical devices. Blood warmers play a pivotal role in ensuring patient safety during transfusions, surgeries, and emergency care, driving their widespread adoption globally.
Intravenous warming systems are at the forefront of this growth, dominating the market with a 47.1% share as of 2021. Their efficiency, compatibility with modern healthcare systems, and vital role in preventing hypothermia during medical procedures contribute to their leadership in the sector. Innovations in blood warming technology, such as portable and rapid-response systems, have further expanded their appeal across diverse healthcare applications.
The growing prevalence of surgeries, trauma cases, and chronic diseases necessitating blood transfusions is a significant factor fueling the market’s expansion. Furthermore, the rise in geriatric populations and advancements in healthcare infrastructure, especially in emerging economies, are expected to provide a fertile ground for market development. North America continues to lead in market share, but regions like Asia-Pacific are anticipated to register accelerated growth due to increasing healthcare investments and awareness.
As the blood warmer devices market continues to expand, manufacturers are focusing on enhancing product efficiency, integrating advanced technologies, and ensuring compliance with stringent safety standards. Strategic collaborations and innovation will play a crucial role in addressing unmet medical needs and capturing emerging market opportunities in the coming decade.
Key Takeaways:
- The global blood warmer devices market is expected to grow from US$ 451.2 million in 2022 to ~US$ 937.5 million by 2032, at a CAGR of 7.6%.
- Intravenous warming systems dominated the market in 2021, holding a 47.1% share, due to their critical role in preventing hypothermia.
- Market growth is driven by increasing surgical procedures, rising chronic diseases, and expanding healthcare investments globally.
- North America leads the market, but Asia-Pacific presents high-growth potential through investments and technological advancements.
Key Market Insights
- Product Leadership: Intravenous warming systems are currently the leading product type in this market, holding a substantial share of about 47.1% in 2021
This dominance is attributed to their effectiveness in preventing hypothermia during blood transfusions and surgical procedures.
- Market Drivers:
- The increasing prevalence of conditions requiring blood transfusions, such as trauma and surgical interventions, is a primary driver for market growth.
- A rise in hypothermia cases, particularly among vulnerable populations like the elderly and infants, further boosts demand for blood warming devices
Competitive Landscape
To strengthen their presence around the globe and improve their business strategies, key players are involved in various product launches, expansions, collaborations, and mergers & acquisitions. Below are some of the key promotional strategies adopted by key players in the global blood warmer devices market:
- On January 6, 2022, ICU Medical Inc. announced its acquisition of Smiths Medical from Smiths Group plc.
- In March 2019, Smiths Medical announced the launch of Level 1 Convective Warmer. It is a simple thermal care product to help patients maintain their normal body temperature.
Key Companies Profiled
3M Company; Becton Dickinson (BD); The 37 Company; Emit Corporation; GE Healthcare; Stryker Corporation; Barkey GmbH & Co. KG; Geratherm Medical; Stihler Electronic GmbH; Belmont Instrument; Biegler GmbH; Baxter International Inc. (Gambro); Keewell Medical Technology Co. Ltd.; ICU Medical Inc. (Smiths Medical); Vyaire Medical, Inc.,; The Surgical Company; Life Warmer; MEQU; Estill Medical Technologies, Inc.; Smisson-Cartledge Biomedical
Get Full Report Now
Key Segments Covered in Blood Warmer Devices Market Report
By Product:
- Intravenous Warming System
- Surface Warming System
- Blood Warming Accessories
By Application:
- Preoperative Care
- Home Care
- Acute Care
- New Born Care
- Others
By End User:
- Hospitals and Clinics
- Ambulatory Services
- Blood Banks
- Home Care Settings
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
Author By:
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)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube