Blood Warmer Devices Industry Forecasted to Reach US$ 937.5 Million at 7.6% CAGR by 2032 | FMI Insight

Blood Warmer Devices Industry
Blood Warmer Devices Industry

The market for blood warmer devices is anticipated to grow at a 7.6% CAGR from 2022 to 2032, reaching a valuation of US$ 451.2 Mn in 2022. By the end of 2032, the market is expected to be worth about US$ 937.5 Mn. In terms of products, intravenous warming systems are the market leader, and in 2021 they had a market share of about 47.1%.

According to a study by Future Market Insights (FMI), the global blood warmer devices market is anticipated to witness steady growth. The market is estimated to increase to 5.0% CAGR throughout the forecast period 2017-2026. Moreover, the market is also estimated to bring in US$ 223.5 million in revenue by the end of 2026. Owing to the increasing incidence of trauma incidents, bypass surgeries, thyroid, orthopedic surgeries, and diabetes, the use of blood-warming devices is also rising. The devices are also being used largely for treatment and prevention of complications such as hemorrhage and hypothermia. However, stringent government regulations and a lack of awareness about blood-warming devices are some of the factors hampering the growth of the market.

Claim your complimentary report with captivating visuals.
https://www.futuremarketinsights.com/reports/sample/rep-gb-5685

Hypothermia has become very common and causes major complications, this is driving the demand for blood warmer devices. Since these devices can help in preventing complications during the blood transfusion process the demand is expected to grow in the future. Companies are also investing in the research and development of portable and smart blood-warming devices. Manufacturers are also working on new business strategies in order to launch a new product. Partnerships and collaborative activities are also on the rise. The demand for disposable blood and fluid warmer devices is also increasing, due to the rise in a number of complications.

Key Market Players Competing to Sustain in the Market

The report offers a detailed profile of some of the key market players in the global blood warmer devices market such as 3M Company, Smiths Medical, The 37 Company, GE Healthcare, Emit Corporation, Stryker Corporation, Geratherm Medical, Barkey GmbH & Co. KG, Stihler Electronic GmbH, Biegler GmbH, Belmont Instrument, Keewell Medical Technology Co. Ltd., and Baxter International Inc. (Gambro). These key players are continuously working on new business strategies to offer better product and compete in the global market.

Forecast Highlights on the Global Blood Warmer Devices Market

The global blood warmer devices market is segmented on the basis of end user, product type, application, and region. Based on the product type, the segment includes intravenous warming system, surface warming system and blood warming accessories. Among these, surface warming system is expected to be the widely accepted product in the global blood warmer devices market. By the end of 2026, surface warming system is estimated to surpass US$ 100 million revenue.

On the basis of end user, the segmentation consists of hospitals, blood banks, home care settings and others. Hospitals are expected to be the largest users of the blood warmer devices. By the end of 2017, hospitals are estimated to account for nearly two-third of the revenue share.

Ready to Explore Our Methodology? Click Now!
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-5685

Based on the application, the market is segmented into home care, preoperative care, acute care, new born care and other application. Blood warming devices are expected to find the largest application in the preoperative care. By the end of 2026, preoperative care segment is estimated to reach nearly US$ 100 million revenue.

Geographically, the market is segmented into Europe, North America, Japan, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), and Latin America. Among these, North America is expected to dominate the global blood warmer devices market during the forecast period 2017-2026. Increasing occurrence of hypothermia among ageing population and infants in the U.S. is one of the factors driving the growth in North America. Growth in trauma cases and surgeries is also contributing towards the growth of the market in the region.

Market Taxonomy

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Product Type

  • Intravenous Warming System
  • Surface Warming System
  • Blood Warming Accessories

End User

  • Hospitals
  • Blood Banks
  • Home Care Settings
  • Other End Users

Application

  • Preoperative Care
  • Home Care
  • Acute Care
  • New Born Care
  • Other Applications

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these