Blood Warmer Market Size - By Type (Portable Blood Warmer, Non-portable Blood Warmer), By Application (Surgery, Acute Care, Newborn Care, Homecare), By End-use (Hospitals/Clinic, Ambulatory Services, Defence Forces, Rescue Forces) – Global Forecast to 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBlood Warmer Market Size - By Type (Portable Blood Warmer, Non-portable Blood Warmer), By Application (Surgery, Acute Care, Newborn Care, Homecare), By End-use (Hospitals/Clinic, Ambulatory Services, Defence Forces, Rescue Forces) – Global Forecast to 2032
Blood Warmer Market Size
Blood Warmer Market size was valued at over USD 1.2 billion in 2022 and is projected to reach more than USD 2.5 billion by 2032.
Blood warmers, also known as blood warming devices or blood temperature management systems, are medical devices used to warm blood or other intravenous fluids before they are administered to patients. The purpose of blood warmers is to ensure that the fluid being infused into the patient's body is at a safe and appropriate temperature, typically around body temperature (37°C or 98.6°F). Additionally, the use of blood warmers offers several benefits, such as improved patient outcomes, reduced risk of complications associated with cold blood transfusion, and enhanced patient comfort during procedures, thereby increasing adoption rate, hence, stimulating market trends.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Blood Warmer Market Size in 2022 | USD 1.2 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 7.3% |
| 2032 Value Projection | USD 2.5 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 215 |
| Tables, Charts & Figures | 361 |
| Segments covered | Type, Application, End-use and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Moreover, the rising number of surgeries and trauma cases is further augmenting the market expansion. For instance, according to the World Health Organization (WHO) estimates, road traffic accidents diminish lives of approximately 1.3 million people, annually. In addition, on an average 30 million more injuries that are non-fatal occur every year, with many of these injuries leading to disabilities. Thus, the aforementioned factors are projected to accelerate industry demand.
COVID-19 Impact
The COVID-19 pandemic had a significant impact on the blood warmer market. The COVID-19 pandemic increased the demand for blood warmers since more patients were hospitalized to hospitals, particularly those with severe COVID-19 symptoms. Moreover, increasing adoption of blood and blood components during surgeries augmented market progress. However, the pandemic also disrupted the supply chain, which had an effect on the manufacturing and distribution of emergency medical supplies. Many countries implemented travel bans and lockdowns, which slowed down the delivery of medical devices. This caused a blood warmer shortage in some locations, especially in developing countries.
Blood Warmer Market Trends
Advancements in blood warmer modalities have been a significant driver for the market. The widespread incorporation of temperature control and monitoring systems in blood warmers has raised the adoption rate of blood warmers. Additionally, the seamless integration of blood warmers with intravenous (IV) equipment enables direct warming of fluids as they are pumped into the patient, assuring a steady supply of warmed fluids during operations. This has led to a growing demand for blood warmers and is anticipated to continue stimulating the market outlook.
Blood Warmer Market Analysis
Based on type, the blood warmer market is segmented into portable blood warmers and non-portable blood warmers. The non-portable blood warmers segment is estimated to witness significant growth accounting for USD 673.9 million in 2022. The upsurge can be attributed to growing aging population base, increased hospital admission rates related to various medical conditions, and better finance for healthcare infrastructure in developing nations. Furthermore, the primary factor for the requirement of IV infusions or blood transfusions include surgical operations and hospital stays. Thus, the growing number of accident rates and increasing surgeries will further spur the market share.
In the vast world of blood warmers, there are various specialties they cater tosurgeries, patient care, newborn support, home healthcare, and beyond. Among these, the patient care segment is poised for impressive growth, projected to surge by roughly 7.5% annually in the coming years. Fueling this growth is a sobering realitythe rise in trauma incidents, shootings, and other emergencies that require intensive medical attention. Blood warmers play a crucial role in settings like trauma centers and emergency rooms. They swiftly heat fluids for individuals who have endured severe injuries or significant blood loss. These warmed fluids are essential for performing CPR or other treatments, helping to prevent the patient from succumbing to hypothermia. In such critical situations, the ability of blood warmers to rapidly raise fluid temperatures can significantly impact the patient's recovery and potential for survival.
Imagine the blood warmer market as a delicious pie, sliced up and shared among different users. The biggest slice goes to hospitals and clinics. These institutions are like ravenous giants, constantly in need of blood warmers to quickly and efficiently heat large volumes of blood and IV fluids. They're always on the hunt for the most advanced and user-friendly systems. To sweeten the deal, hospitals often sign long-term contracts with suppliers, giving them ample bargaining power when it comes to pricing. Plus, with a massive population of patients requiring blood transfusions and IVs, hospitals are an enticing target market for companies eager to increase their blood warmer sales. This insatiable demand is only expected to amplify in the coming years, leading to an even larger pie for the hospital and clinic segment. For blood warmer companies, this translates into mouthwatering growth and increased profits.
North America blood warmer market is anticipated to hold high growth potential during the analysis period. The region's market is expanding due to the presence of prominent players, significant government investments in the creation of cutting-edge medical devices, and a favourable reimbursement environment. Additionally, increased spending on the defence industry as well as on search and rescue emergency services, particularly in North America will stimulate the market expansion.
Company Strategies
- In May 2022, The Quantum Blood and Fluid Warming System was introduced by LifeWarmer. This device is an important advancement that is transforming the market. This has offered competitive edge to the company in the market.
- In April 2021, MEQU unveiled M Station, an in-hospital replacement for M Warmer Systems, its IV fluid and blood warming system. Such innovate product launches expands company’s portfolio and elevates its position in the significant market.
Blood warmer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments
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By Type (USD Million & Units)
- Portable blood warmers
- Non-portable blood warmers
By Application (USD Million)
- Surgery
- Acute care
- Newborn care
- Homecare
- Others
By End-use (USD Million)
- Hospitals/clinic
- Ambulatory services
- Defence forces
- Rescue forces
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Switzerland
- The Netherlands
- Denmark
- Poland
- Sweden
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- New Zealand
- Thailand
- Vietnam
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Turkey
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