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Global Blood Warmer Devices Market Size (2024 - 2029)

The blood warmer devices market is projected to expand significantly due to factors such as the rising number of surgeries and trauma cases, the increasing prevalence of hypothermia, and the growing geriatric and infant populations. The market's growth is also influenced by the adoption of dialysis in patients with advanced kidney disease, which necessitates the use of these devices. Although the COVID-19 pandemic highlighted the potential benefits of blood warmer devices in managing infection severity, further research is needed to confirm their efficacy. Despite these growth drivers, the market faces challenges from alternative treatment options and a stringent regulatory environment.

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Market Size of Global Blood Warmer Devices Industry

CAGR
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

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*Disclaimer: Major Players sorted in no particular order

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 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
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Blood Warmer Devices Market Size Summary

The blood warmer devices market is poised for significant growth, driven by an increasing number of surgeries and trauma cases, alongside a rising prevalence of hypothermia. The demand for these devices is further bolstered by the expanding geriatric and infant populations, as well as the growing adoption of dialysis in patients with severe kidney conditions. The importance of maintaining body temperature during surgical procedures to mitigate the risks associated with hypothermia is a key factor propelling market expansion. Additionally, the impact of COVID-19 has highlighted the potential benefits of blood warmer devices in managing infection severity, although further research is needed to fully understand their efficacy. Despite these growth drivers, the market faces challenges from alternative methods and a stringent regulatory environment.

The United States is expected to be a major contributor to the market's growth, supported by substantial healthcare spending and a high number of emergency department visits requiring critical care. The prevalence of chronic diseases and the rate of premature births in the country further underscore the demand for blood warmer devices. The market is moderately competitive, with several global companies like 3M, Belmont Medical Technologies, and Stryker Corporation leading the charge. Recent innovations, such as LifeWarmer's Quantum Blood and Fluid Warming System, highlight the ongoing advancements in this field. Overall, the blood warmer devices market is set to experience notable growth, driven by technological advancements and the increasing need for effective temperature management in medical settings.

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Global Blood Warmer Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Number of Surgeries and Trauma Cases

      2. 1.2.2 Rising Geriatric and Infant Population

    3. 1.3 Market Restraints

      1. 1.3.1 Availability of Alternative Methods

      2. 1.3.2 Stringent Regulatory Framework

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size - Value in USD million)

    1. 2.1 By Product

      1. 2.1.1 Surface Warming System

      2. 2.1.2 Intravenous Warming System

      3. 2.1.3 Patient Warming Accessories

    2. 2.2 By End User

      1. 2.2.1 Hospitals

      2. 2.2.2 Blood Banks

      3. 2.2.3 Others

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle-East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle-East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Global Blood Warmer Devices Market Size FAQs

The Global Blood Warmer Devices Market is projected to register a CAGR of 8.5% during the forecast period (2024-2029)

3M, Geratherm Medical, Stryker Corporation, Smiths Group and The 37Company are the major companies operating in the Global Blood Warmer Devices Market.

Global Blood Warmer Devices Report Snapshots

Blood Warmer Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)