Market Trends of Global Blood Warmer Devices Industry
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.
