Blood Warmers Market Share, Size, Analysis, Growth, Industry Statistics and Forecast 2032

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The market for blood warmers was valued at USD 893.6 million in 2020 and is projected to increase at a Rate of 9.1% between 2023 and 2032. The market’s growth is attributed to both the rise in surgical operations and the increase in fatal car accidents globally. The main reasons propelling the market’s growth are the rise in surgeries, trauma cases, hypothermia cases, geriatric and infant populations, and surgeries and trauma cases. The COVID-19 outbreak has also significantly raised hospital admission rates across the globe. A high fever is one of the main indicators that a person may have COVID-19. Due to the rising patient population in hospitals and clinics, the use of warm blankets and sterile fluids has increased. This is anticipated to fuel industry development.

A vital part of contemporary healthcare, blood transfusions give patients the blood they require to recuperate from a variety of medical conditions. Hypothermia, which can happen when blood is given at room temperature, is one of the risks associated with blood transfusions. Blood warmers have become an indispensable instrument in medical facilities all over the world as a solution to this problem, assisting in making sure that blood transfusions are performed at safe and effective temperatures. As a result, the demand for safe and effective blood transfusions is expected to increase, leading to a substantial increase in the global market for blood warmers.

Due to an increase in surgeries and trauma cases around the globe, the market is expected to expand during the forecast period. An estimated 5 million people die each year from traumatic injuries, making trauma one of the leading causes of mortality in the world. Between 20 million and 50 million people are injured or rendered disabled each year in road accidents, and 1.35 million people die as a result, according to the Association for Safe International Road Travel (ASIRT) 2018 data. Road traffic accidents are thought to be the ninth most common cause of death worldwide, according to the WHO. In addition, one of the main reasons why people who have endured bodily trauma pass away is hypothermia. For instance, out of the few million occurrences of IV-induced hypothermia reported in the U.S., 75.0% occur in ambulatory settings. Portable blood/IV warmers have been in high demand in the U.S. and EU since 2010, owing to the risk of cold-stored blood/IV-induced hypothermia, which is expected to drive the industry throughout the forecast period.

Product Insights

The market for non-portable blood-IV fluid warmers had the highest proportion (55.47%) in 2021. Growth in the sector is anticipated to be fueled by the rising number of traffic accidents, mishaps, gunshot wounds, and other injuries. Additionally, ageing populations, growing rates of hospitalisation due to various medical disorders, and better financing for healthcare infrastructure in developing countries are all predicted to spur market expansion. Furthermore, the largest causes of the need for IV infusions or blood transfusions are surgical procedures and hospital stays. Blood warmers have historically been crucial in reducing mortality among people living in developed nations from transfusion- or infusion-induced hypothermia, which propels the segment’s expansion.

However, from 2023 to 2032, the portable blood/IV warmers market is anticipated to expand at the highest CAGR of 8.90%. In the upcoming years, the demand is anticipated to stay marginally higher than that of non-portable devices. The ambulatory/paramedic services, rescue teams, and military industries account for the majority of the demand. Additionally, it is anticipated that the segment will expand as a result of rising demand from outlying clinics and emergency rooms. Additionally, the volume demand for portable blood/IV warmers continues to be a little greater than that for stationary blood/IV warmers. Rescue teams, the military industry, and paramedic/ambulatory services account for the majority of the demand for portable IV warmers. Future demand from outlying hospitals and emergency rooms is also anticipated to drive the market for portable blood-IV warmers.

The Blood Warmers market report is a perfect foundation for people looking out for a comprehensive study and analysis of the market. On the basis of historic growth analysis and current scenario of market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Blood Warmers market. This further helps user with their developmental strategy.

This report examines all the key factors influencing growth of global Blood Warmers market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Blood Warmers market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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Market Segmentations:
Global Blood Warmers Market: Major Players
Bicakcilar
Biegler Medizin
Smiths Medical
ACE Medical
Gambro
3M

Global Blood Warmers Market: Types
Dry
Wet

Global Blood Warmers Market: Applications
Hospital
Clinic
Other

Global Blood Warmers Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Blood Warmers market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Blood Warmers Market Report Highlights

Based on product, non-portable blood warmers segment held the largest market share of 55.47% in 2021. The increasing rate of hospitalization rising aging population, and improving financing for healthcare infrastructure in developing economies are all likely to propel this segment growth.

In end-use scope, the hospital-based segment dominated the market with a share of 65.45% in 2021. Blood warmers are commonly employed in hospitals because they can heat a larger volume of blood or IV solutions while also being more affordable & easier to maintain.

North America dominated the market and accounted for the highest revenue share of 40.7% in 2021, owing to the increase in the number of surgical procedures/hospital visits, presence of well-established healthcare infrastructure, and favorable reimbursement in the healthcare sector.

An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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