The market for blood warmers is expected to grow at a CAGR of around 8.5% from 2020 to 2027 and expected to reach the market value of around US$ 1,539.3 Mn by 2027.
Blood warmer is a therapeutic device used by healthcare providers for warming fluids, colloid, blood product, or crystalloid, before transferring into a person's body. This can prevent hypothermia or growing cases of trauma. Moreover, blood is refrigerated for the preservation of the cells and it becomes essential to warm it at an appropriate temperature not only to prevent hypothermia but also to prevent hemolysis, or breakdown of the blood cells.
The rising surgical procedures across the globe and the growing incidence of road accident fatalities are driving the demand for blood warmer across the globe. The increasing traffic and rapid urbanization are bolstering the number of serious accidents, especially in developing economies without proper traffic rules. The rising demand for blood/IV warmers from ambulatory services and military/defense sectors is further bolstering the market value. The increasing demand for portable blood warners is additionally bolstering the market growth. Furthermore, the advancements in the device feature by the major manufacturers in order to provide more potential devices to the end-user.
On the other side, the risk of hemolysis and/or decreased infusion rate in older devices is likely to hinder the growth over the forecast period from 2020 to 2027.
Covid-19 Impact on the Market
The emergence of the global pandemic has badly impacted most of the operations in almost every industrial sector, due to its serious risk associated with the lives of human beings. Governments across the globe have announced nationwide lockdowns which have disrupted the supply chains and man-involved operations. However, the blood warmers market has not experienced much de-growth as the people affected with the corona virus required plasma and or blood which help in the continuous demand for blood warmers across the globe.
Segment Instance of Global Blood Warmers Market
Stationary segment by modality led the market in 2019
Based on modality, stationary or non-portable blood warmer devices are leading the market with maximum revenue share (%) due to their age-old presence and usage in the existence in the traditional facilities is contributing to their dominance. Additionally, portable blood warmers are likely to accelerate at a significant pace in near future due to their easy to use nature and portability.
North America accounted for the maximum revenue share in 2019
North America accounted for the maximum revenue share in the blood warmers market and the region is also projected to maintain its dominance over the forecast period from 2020 to 2027. The major economy of the region US is accounted for the maximum revenue share in the regional market. The well-established healthcare infrastructure and bolstering medical tourism in the region are supporting the regional market dominance. The rapidly increasing number of patients with chronic diseases is another factor propelling the regional market value.
Asia Pacific is projected to exhibit fastest growth over the forecast period from 2020 to 2027
Asia Pacific is projected to experience the fastest growth over the forecast period from 2020 to 2027. The developing economies of the region are majorly contributing to the regional market value. The increasing number of advanced healthcare facilities along with the expanding solutions in the existing facilities of the developing economies of the region is further boosting the regional market value. Moreover, the increasing spending power of people is creating opportunities that are attracting global players in the regional market.
Key Market Players
The players profiled in the report include 3M, Barkey, Belmont Instrument, LLC, Carefusion, Celsius Medical, EMIT Corporation, General Electric Company, Geratherm Medical AG, Keewell Medical Distribution Channel Co., Ltd., QinFlow Ltd, Smiths Medical, Stihler Electronic GmbH, and Vyaire Medical Inc.
Market By Type
• Dry Heat Plate Warmers
• Intravenous Fluid Tube Warmers
Market By Modality
Market By Distribution Channel
Hospitals & Clinics
Ambulatory Surgical Centers
Blood Banks & Transfusion Centers
Market By Geography
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Rest of Latin America
Middle East & Africa
• South Africa
• Rest of Middle East & Africa
The market for blood warmers is expected to reach a market value of around US$ 1,539.3 Mn by 2027.
The blood warmers market is expected to grow at a CAGR of around 8.5% from 2020 to 2027.
Stationary is the leading segment by modality in the blood warmers market
The rising surgical procedures across the globe, growing incidence of road accident fatalities, increasing traffic and rapid urbanization is bolstering the number of serious accidents, and rising demand for blood/IV warmers from ambulatory services are some of the major factors driving the market growth.
3M, Barkey, Belmont Instrument, LLC, Carefusion, Celsius Medical, EMIT Corporation, General Electric Company, Geratherm Medical AG, Keewell Medical Distribution Channel Co., Ltd., QinFlow Ltd, Smiths Medical, Stihler Electronic GmbH, and Vyaire Medical Inc. are some of the prominent players in the blood warmers market
North America held the highest market share in the blood warmers market
Asia Pacific is expected to be the fastest growing market over the forecast period