Blood Warmer Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Blood Warmer Devices Market Analysis
The Blood Warmer Devices Market is expected to witness a CAGR of 8.5% over the forecast period. Factors such as the increasing number of surgeries and trauma cases, increasing the burden of hypothermia cases, and the rising geriatric and infant population are driving the growth of the blood warmer devices market.
During the COVID-19 pandemic, several studies were conducted to understand the effect of body warmers on controlling the severity of infection. For instance, as per the data published by clinicaltrials.gov, there was a study carried out in October 2020 to evaluate if core warming improves respiratory physiology of mechanically ventilated patients with COVID-19, allowing earlier weaning from ventilation, and greater overall survival. The results concluded that blood warmer devices help control the infection. However, it is described in the data that more study is required to understand the actual efficacy. Therefore, it is observed that COVID-19 has a slight impact on the market studied.
Additionally, the increasing number of surgeries and trauma cases are contributing to the growth of the market. The growing number of surgeries is related to the growth in dialysis adoption in severe stages of a medical patient and disease complexity. As per the 2022 updated statistics published under the American Kidney Fund, about 37 million Americans have kidney disease in the United States and an estimated 810,000 Americans were living with kidney failure as of 2021, which drives the adoption of dialysis machines and in-turn drives the demand for blood warmer devices. Hypothermia increases the risk during surgical procedures and it also takes a long time to heal. Hence, it is important to maintain the proper temperature to accelerate the healing process after surgery. Therefore, the growing focus on the development of better treatment options, along with the increasing burden of hypothermia cases is expected to drive the blood warmer devices market.
However, the availability of alternative methods and stringent regulatory framework is expected to restrain the growth of the global market in the forecast period.
Blood Warmer Devices Market Trends
This section covers the major market trends shaping the Blood Warmer Devices Market according to our research experts:
Intravenous Warming System Segment is Expected to Dominate the Market
Blood warmer devices are designed to deliver fluid around body temperature (37 °C), and their use has been recommended for all intraoperative infusions, and intravenous warming systems can reduce the incidence of accidental perioperative hypothermia significantly during surgical procedures. The high growth is attributed to the increasing number of surgical procedures, which is mainly driven by the high prevalence of severe several chronic diseases, and others affecting the kidneys during the long term of diseases.
According to the World Health Organization, 2021 data, around 15 million babies are born prematurely every year, and this is expected to increase the supply of blood-warming devices to hospitals and clinics. These road traffic injuries cause considerable economic and blood losses to individuals. Thus, the rise in accidental cases is one of the driving factors for the increasing demand for these devices. According to the World Health Organization 2020 data, every year, the lives of approximately 1.35 million people are at risk as a result of road traffic injuries. About 20 to 50 million suffer from non-fatal injuries, with many incurring a disability as a result of their injury. In the United Kingdom, the number of surgical procedures has been on the rise. For instance, in 2020, there was 70,230 accident, and emergency (A&E) cases registered in the United Kingdom, as compared to 59,396 in 2013. Most of the A&E cases require medical procedures.
Such emergency cases and accident injuries lead to surgeries, which, in turn, will drive the blood warmer devices market.Hence, owing to the aforementioned factors, the intravenous warming system is expected to witness rapid growth over the forecast period.
North America is Estimated to Provide Good Growth in the Blood Warmer Devices Market Over the Forecast Period
The United States is expected to be a dominant country contributing to the market growth during the forecast period. Every year, the United States government spends a significant parentage of its GDP on healthcare. According to a report published by the Organization for Economic Co-operation and Development (OECD), in 2020, about 17% of the country's GDP is spent on healthcare.
An increase in the number of surgeries and the rising prevalence of chronic diseases are the major factors driving the growth of the market studied. The number of emergency department visits is also high in the country. As per a 2021 report by the Center for Diseases Control and Prevention (CDC), the number of emergency department visits resulting in hospital admission was 16.2 million. Out of these, 2.3 million required admission to critical care units. These critical cases often require an emergency transfusion to prevent hypothermia in patients, this will lead to increased demand for blood warmer devices in the region.
Moreover, the rate of premature babies born in the United States is higher than compared in other developed countries. According to the Center for Disease Control and Prevention, each year, one out of 10 infants born is premature in the country. the same data states that, every six out of 10 adults suffer from some of the other forms of chronic disease.
Hence, owing to the aforementioned factors, the blood warmer devices market growth is expected to witness notable growth in the country.
Blood Warmer Devices Industry Overview
The market for blood warmer devices is moderately competitive and several global companies are operating in this market. The leading players in the global market for blood warmer devices are - 3M, Belmont Medical Technologies, Biegler GmbH, Gentherm Incorporated, Geratherm Medical, Sarstedt AG & Co. KG Smiths Group, and Stryker Corporation.
Blood Warmer Devices Market Leaders
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3M
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Geratherm Medical
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Stryker Corporation
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Smiths Group
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The 37Company
*Disclaimer: Major Players sorted in no particular order
Blood Warmer Devices Market News
- In May 2022, LifeWarmer launched Quantum Blood and Fluid Warming System. The product is a revolutionary innovation that has succeeded in closing a critical ability divide previously left exposed by other commercial off-the-shelf fluid warmers currently fielded.
- In April 2021, Danish MedTech company, MEQU launched an in-hospital solution, M Station, for its blood and IV fluid warming device, M Warmer System.
Blood Warmer Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increasing Number of Surgeries and Trauma Cases
- 4.2.2 Rising Geriatric and Infant Population
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4.3 Market Restraints
- 4.3.1 Availability of Alternative Methods
- 4.3.2 Stringent Regulatory Framework
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size - Value in USD million)
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5.1 By Product
- 5.1.1 Surface Warming System
- 5.1.2 Intravenous Warming System
- 5.1.3 Patient Warming Accessories
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5.2 By End User
- 5.2.1 Hospitals
- 5.2.2 Blood Banks
- 5.2.3 Others
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle-East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle-East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 3M Company
- 6.1.2 Belmont Medical Technologies
- 6.1.3 Biegler GmbH
- 6.1.4 Gentherm Incorporated
- 6.1.5 Geratherm Medical
- 6.1.6 Sarstedt AG & Co. KG
- 6.1.7 Smiths Medical, Inc.
- 6.1.8 Stryker Corporation
- 6.1.9 The 37Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Blood Warmer Devices Industry Segmentation
As per the scope of the report, Blood Warmer Devices are basically designed for warming fluids, colloids, crystalloids, or blood products, prior to administration to prevent hypothermia inpatient. Hypothermia causes complications in surgeries such as coma or cardiac arrest. The Blood Warmer Devices Market is Segmented by Product (Surface Warming System, Intravenous Warming System, and Patient Warming Accessories), By End User (Hospitals, Blood Banks, and Others), and by Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Product | Surface Warming System | |
| Intravenous Warming System | ||
| Patient Warming Accessories | ||
| By End User | Hospitals | |
| Blood Banks | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle-East and Africa | GCC |
| South Africa | ||
| Rest of Middle-East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Blood Warmer Devices Market Research FAQs
What is the current Global Blood Warmer Devices Market size?
The Global Blood Warmer Devices Market is projected to register a CAGR of 8.5% during the forecast period (2024-2029)
Who are the key players in Global Blood Warmer Devices Market?
3M, Geratherm Medical, Stryker Corporation, Smiths Group and The 37Company are the major companies operating in the Global Blood Warmer Devices Market.
Which is the fastest growing region in Global Blood Warmer Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Blood Warmer Devices Market?
In 2024, the North America accounts for the largest market share in Global Blood Warmer Devices Market.
What years does this Global Blood Warmer Devices Market cover?
The report covers the Global Blood Warmer Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Blood Warmer Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Blood Warmer Devices Industry Report
Statistics for the 2024 Global Blood Warmer Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Blood Warmer Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
