Blood Warmer Devices Market to Grow with a CAGR of 6.36% through 2028

Advancement in blood warmer devices and rising cases of hypothermia is expected to drive the Global Blood Warmer Devices Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Blood Warmer Devices Market - Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028F”, the Global Blood Warmer Devices Market stood at USD 1.08 billion in 2022 and is anticipated to grow with a CAGR of 6.36% in the forecast period, 2024-2028. Hypothermia arises due to various factors, including medical conditions, exposure to cold temperatures, age, physical trauma, and surgical procedures. Severe hypothermia can lead to confusion, loss of fine motor skills, and amnesia. If left untreated, continued heat loss can result in hypotension, impaired respiration, cardiac arrhythmias, and even mortality. Hypothermia commonly occurs in surgical patients undergoing anesthesia without proper warming, leading to significant complications that necessitate the use of warming devices. Given their role in preventing complications during blood transfusions, the demand for blood and fluid warming devices is expected to substantially increase in the coming years.

The growth of the elderly and newborn populations, along with an increase in surgeries and trauma cases, are key drivers for the blood warmer industry. Cold blood can have adverse effects, such as hemolysis leading to kidney failure, but warming the blood can reduce the likelihood of transfusion reactions. In countries like India, where there is a significant surgical burden, the demand for blood warmers is projected to increase. Additionally, blood warmers are sought after in military and ambulatory surgical centers, as well as in extreme cold weather conditions, to prevent hypothermia-related complications and fatalities. Furthermore, the demand for blood warmers is driven by the need to maintain the temperature of transplants and implants, which are stored under extremely cold conditions to minimize microbial infection. Patients with weakened immune systems may struggle to regulate their body temperature, making body warming devices essential to reduce the risk of complications. The market for blood warmers is also influenced by the rising number of surgical procedures, both portable and non-portable warming devices being used. Non-portable blood warmers are more cost-effective and easier to maintain in hospital settings, where they are utilized to heat patients' blood. The prevalence of hypothermia, particularly in cold regions and among the geriatric and infant population, is expected to drive the demand for fluid warmer devices. Additionally, factors such as the increasing incidence of thyroid and diabetes, as well as the rise in drug consumption, contribute to the market growth. The need for quick warming solutions (less than 15 minutes) that are user-friendly and minimize contamination risks associated with water-based warming methods further fuel market expansion. However, it is important to note that complications related to blood warmer devices, high research and development costs, and limited awareness about fluid warming instruments may hinder the global blood and fluid warmer market. Potential complications include the risk of hemolysis, sepsis, and decreased infusion rates.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Blood Warmer Devices Market.”

The increasing number of road accidents and consequent rise in trauma cases, along with the growing demand for blood transfusion in surgeries worldwide, are the key drivers for the growth of the blood warmer devices market. Moreover, the prevalence of hypothermia and similar conditions, coupled with the surge in disposable income, further contribute to the overall market expansion. Nevertheless, the market's growth is hindered by the high expenditure on research and development and device complications. Furthermore, the market is expected to benefit from innovations and advancements in devices, presenting profitable opportunities. Conversely, challenges such as limited awareness about the devices and a complex regulatory framework for new product approvals have the potential to impede the market's growth.

The Global Blood Warmer Devices Market is segmented into product, type, application, end user, regional distribution, and company.

Based on the end-user, the market has been categorized into hospitals, blood banks & transfusion centers, home care settings, and others. Among them, the hospitals segment holds a significant share of the market and is expected to grow at a notable CAGR during the forecast period. This can be attributed to the presence of specialized professionals and cutting-edge equipment in hospitals, as well as the rising prevalence of chronic diseases. Additionally, the rapid increase in the number of patients in hospitals and clinics worldwide further drives the growth of this segment.

Based on region, North America segment is expected to grow during the forecast period. North America dominated the global market in 2022 and is expected to maintain its dominance due to increasing incidences of hypothermia, a growing volume of surgical procedures, and rising trauma cases. The American Association for Surgery of Trauma states that trauma is one of the leading causes of death for individuals up to 45 years old and the fourth leading cause of death overall. The US alone witnesses 40,000 homicide and suicide deaths annually. Additionally, the growing prevalence of diabetes and thyroid disorders is projected to drive market growth in the forecast period. According to data published by the Centres for Disease Control and Prevention, approximately 30.3 million Americans, accounting for 9.4% of the US population, have diabetes. Furthermore, highly developed medical infrastructure, rapid adoption of advanced technology and products, and high per capita healthcare expenditure are expected to fuel regional market growth. Asia Pacific will also play a significant role in the global market, driven by improved medical infrastructure, a large target population with unmet healthcare needs, the adoption of minimally invasive techniques, increased patient awareness, and rising disposable income. The market is anticipated to witness significant demand for fluid warmer devices in emerging countries such as China, India, Indonesia, and South Korea due to the growing patient pool for diabetes and thyroid disorders. Government initiatives and advancements in clinical development are among the factors contributing to the market's growth in this region.

Major companies operating in Global Blood Warmer Devices Market are:

• Vyaire Medical, Inc.
• Stryker Corporation
• Estill Medical Technologies, Inc.
• The Surgical Company PTM
• Life Warmer
• MEQU
• Smisson-Cartledge Biomedical
• Gentherm Medical
• Belmont Medical
• 3M

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Blood warmer devices are utilized to warm blood or IV fluid prior to administration. The market for these devices is witnessing growth due to the increasing incidence of hypothermia cases and the rising number of surgeries. Additionally, the expanding geriatric population and prevalence of diseases among infants contribute to the market's expansion. According to the World Health Organization (WHO), it is projected that by 2030, 1 in 6 individuals worldwide will be aged 60 years or over, with the population of those aged 60 years and over increasing from 1 billion in 2020 to 1.4 billion. Over the forecast period, the market is expected to grow, driven by the rising number of surgeries and trauma cases globally. Trauma is a significant cause of mortality worldwide, resulting in approximately 5 million deaths annually. The WHO estimates that road traffic injuries rank as the ninth leading cause of mortality globally. Furthermore, hypothermia is a primary cause of death among patients who have experienced physical trauma. According to the Association for Safe International Road Travel (ASIRT) 2018, between 20 million and 50 million individuals are injured or disabled in traffic accidents each year, with 1.35 million related deaths. Moreover, the demand for blood warmers from nontraditional end users operating in extreme cold environments, such as military activities, rescue services, and ambulatory care, is expected to drive market growth.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Blood Warmer Devices Market Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Intravenous Warming System, Surface Warming System, Patient Warming Accessories), By Type (Portable, Non-Portable), By Application (Preoperative Care, Home Care, Acute Care, Newborn Care, Others), By End User (Hospitals, Blood Banks & Transfusion Centre, Home Care Settings, Others), By Region and Competition”, has evaluated the future growth potential of Global Blood Warmer Devices Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Blood Warmer Devices Market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Web:  https://www.techsciresearch.com