Blood warmers, or blood warming devices, are medical devices designed to safely and quickly warm blood or intravenous (IV) fluids to a specific temperature before administering it to a patient. These devices are used in various medical settings, including operating rooms, emergency departments, intensive care units, and during blood transfusions.
Sizing and Forecast
The blood warmers market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rise in surgical procedures and trauma cases, awareness of hypothermia risks in healthcare settings, advancements in perioperative care practices, military and emergency medical services utilization, increased adoption in obstetrics and neonatal care..
The blood warmers market size is expected to see strongly grown in the next few years. It will grow to $1.74 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to growing demand in point-of-care settings, expansion of blood transfusion services, technological innovations enhancing device portability, integration into critical care protocols, global efforts to improve maternal and child health.. Major trends in the forecast period include development of disposable warming sets, emphasis on energy-efficient solutions, technological innovations in warming mechanisms, increasing customization for various patient populations, regulatory compliance and standardization..
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Segmentation & Regional Insights
The blood warmers market covered in this report is segmented –
1) By Type : Portable blood warmers, Non-portable blood warmers
2) By Application: Surgery, Acute care, Newborn care, Homecare, Other Applications
3) By End-User: Hospitals Or Clinics, Ambulatory services, Defence forces, Rescue forces
North America was the largest region in the blood warmers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood warmers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing number of surgeries, such as plastic surgeries, is expected to propel the growth of the blood-warmers market going forward. Surgery is a medical specialty and branch of medicine that involves invasive procedures to diagnose, treat, or repair various conditions, injuries, or diseases within the body. Blood warmers are essential medical devices used during surgery, including plastic surgeries, to maintain the proper temperature of blood and intravenous fluids, ensuring patient safety and reducing the risk of complications related to the surgeries. For instance, in April 2022, according to The Aesthetic Society, a US-based non-profit organization, in 2021, surgical procedures saw a remarkable 54% increase, with 365,000 breast augmentations performed. Plastic surgeons, on average, performed 320 procedures in 2021, a significant rise from the 220 in 2020. Therefore, the growing number of surgeries is driving the growth of the blood-warmers market.
Key Industry Players
Major companies operating in the blood warmers market report are 3M Company, Kimberly-Clark, Becton, Dickinson and Company (BD), Stryker Corporation, GE Healthcare, Grifols S.A, ICU Medical, Gentherm Medical, SARSTEDT AG & Co. KG, Vyaire Medical Inc., Meridian Medical Technologies , Mennen Medical, QED Medical, MTRE Advanced Technologies Ltd., Sino Medical-Device Technology Co. Ltd., Geratherm Medical AG, Paragon Medical, EMIT Corporation, Belmont Medical, Estill Medical Technologies Inc., The Surgical Company PTM, Smisson-Cartledge Biomedical, Barkey GmbH & Co. KG, Thermal Angel, Enthermics Medical Systems
The blood warmers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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