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Blood Warmers Market Share, Size, Trends, Industry Analysis Report, By Product (Portable Blood/IV Fluid, Non-Portable Blood-IV Fluid Warmers); By End-Use (Hospitals/Clinic, Ambulatory Services, Defense Forces, Rescue Forces); By Regions; Segment Forecast, 2021 - 2028

  • Published Date: May 2021
  • Pages: 113
  • Format: PDF
  • Report ID: PM1884
  • Base Year: 2020
  • Historical Data: 2016-2019

Report Summary

The global blood warmers market was valued at USD 872.9 million in 2020 and is expected to grow at a CAGR of 8.4% during the forecast period. The key factors responsible for the growth include the growing incidence of road traffic accidents, rise in surgical procedures, applicability in extreme weather conditions, and innovations in the concerned sector.

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Increasing demand for blood warmers in military and ambulatory surgical centers also contributing to the market growth for blood warmers. People in extreme cold weather conditions are at a high risk of suffering from hypothermia, which could result in fatalities among admitted patients and can cause physical trauma.

Most of the surgeries require transplantation and implants, which are stored under extremely cold conditions to limit microbial infection. Such implants are observed to reduce a patient’s body temperature, thereby necessitating the need for patient heating systems. Weaker patients find it difficult to regulate body temperature, therefore, require body warming devices to help them in reducing complication rate.

Moreover, rising cases of surgical procedures also led to the demand for both portable and non-portable warming devices. Such devices help surgeons in maintaining a patient’s body temperature at the optimum levels to prevent the onset of hypothermia. Under hospital settings, non-portable blood warmers are used to heat an individual’s blood and it is a more affordable and easier option to maintain.

Blood Warmers Market Report Scope

The market is primarily segmented on the basis of product, end-use, and region.

By Product

By End-Use

By Region

  • Portable Blood/IV Fluid Warmers
  • Non-Portable Blood-IV Fluid Warmers
  • Hospitals/Clinic
  • Ambulatory Services
  • Defense Forces
  • Rescue Forces
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Product

Non-portable blood warmers segment accounted for the largest revenue share, in 2020 and likely to witness highest market growth over the study period. Such high share is attributed to the factors such as first mover advantage, high adoption healthcare facilities, and collaboration of the manufacturers with end users. Such devices are either direct infusion line blood warmers or heating platforms, which can warm blood bags or intravenous medication at the room temperature.

Portable blood warmers segment is projected to witness fastest market growth over the study period. The surge in market demand such devices expected to come from defense, paramedical, ambulatory, and rescue forces. Moreover, surge in demand of remote clinics and emergency units expected to drive the market segment growth of blood warmers industry.

Insight by End-Use

In 2020, the hospitals market segment accounted for the largest share of the global blood warmers industry. This is primarily due to fact that medical devices cater to the largest section of the population at the given time and interval.

Hospitals are assumed to be the largest consumer for the market segment in the market for blood warmers. Moreover, hospital institutions are expected to be largest buyers in terms of long-term collaborations and contracts with the suppliers and manufacturers.

Thus, sound negotiating power and full proof after sales service expected bolster segment’s market growth. Ambulatory services segment is projected to witness highest growth rate over the assessment period. the growth in defense and rescue services are primarily for such high market growth for blood warmers industry.

Geographic Overview

Geographically, the global market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is the largest revenue contributor followed by Europe and the Asia Pacific market.

In 2020, the North America region accounted for over 40% of the global blood warmers market. U.S is the largest contributor, followed by Canada. Regional factors contributing to the market growth for blood warmers include rising focus of companies based in the region towards product innovation, significant spending on defense, emergency, and rescue services, and high purchasing power capacity of the hospitals.

Moreover, the region is more prone to natural calamities such as heavy snow, and blizzards and generally have very cold weather. Numerous calamities have been reported in such snowy and frost related accidents, which is projected to drive the market growth for blood warmers.

Asia Pacific is projected to register a lucrative market growth over the study period. Increased healthcare expenditure, rising cases of emergency situations in both healthcare and defense sectors, and awareness among patients are few prominent factors responsible for the region’s growth. Moreover, increase in surgeries and growing cases of accidental injuries also contribute the region’s growth.

Competitive Insight

The prominent players operating in the blood warmers market include Stryker Corporation, Gentherm Medical, Belmont Medical, Kimberly-Clark, 3M, Mennen Medical, and Smith’s Medical.

Key Take-Away
Polaris Market Research
Global Blood Warmers Market Size | Industry Forecast Report, 2028