Global Blood and Fluid Warming Medical Devices Market, By Product (Surface Warming System, Intravenous Warming System, Patient Warming Accessories), Type (Blanket and Accessories, Systems), Application (Acute Care, Preoperative Care, New Born Care, Homecare, Others), End-Use (Hospitals, Clinics, E-Commerce Others) – Industry Trends and Forecast to 2029.
Blood and Fluid Warming Medical Devices Market Analysis and Size
The market for blood and fluid warming medical devices is expected to grow in the forecast period of 2022-2029. The factors that will drive the market's growth in the forecast period of 2022 to 2029 are increased abuse of medications, rising thyroid and diabetes cases, an aging population, and an increase in the number of surgical procedures done on anesthetic patients.
Data Bridge Market Research analyses that the blood and fluid warming medical devices market which was USD 239 million in 2021, would rocket up to USD 462.42 million by 2029, and is expected to undergo a CAGR of 8.60% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Blood and Fluid Warming Medical Devices Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Surface Warming System, Intravenous Warming System, Patient Warming Accessories), Type (Blanket and Accessories, Systems), Application (Acute Care, Preoperative Care, New Born Care, Homecare, Others), End-Use (Hospitals, Clinics, E-Commerce Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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3M (U.S.), Cincinnati Sub-Zero Products (U.S.), SORIN GROUP (Italy), Thermal Angel (U.S.), BD (U.S.), Emit Corporation (U.S.), Barkey (Germany), CareFusion (U.S.), General Electric (U.S.), Smiths Medical (U.S.), Boston Scientific Corporation (U.S.), Paragon Medical (U.S.), enthermics (U.S.), Meridian Medical (India), The 37Company (U.S.)
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Market Opportunities
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Market Definition
A fluid warmer is a medical device used in healthcare facilities for warming fluids, crystalloid, colloid, or blood products, prior to being administered (intravenously or by other parenteral routes) to body temperature levels in order to prevent hypothermia in physically traumatized or surgical patients. Warming fluids, such as blood products or colloid or crystalloid solutions, before administering them to patients can help prevent hypothermia. Hypothermia can speed up the healing process after surgery and result in consequences like cardiac arrest or coma.
Blood and Fluid Warming Medical Devices Market Dynamics
Drivers
- Rising surgical procedures
The factors that will drive the market's growth in the forecast period of 2022 to 2029 are increased abuse of medications, rising thyroid and diabetes cases, an aging population, and an increase in the number of surgical procedures done on anesthetic patients. The market for medical equipment for warming blood and bodily fluids, on the other hand, will experience developed during the forecast period due to the rising prevalence of hypothermia cases.
- Rise in chronic disorders
The market is growing primarily because of the rise in geriatric and newborn populations and the increased occurrence of hypothermia in colder nations. Additionally, it is projected that an increase in chronic diseases, a rise in surgical procedures brought by an increase in accident and trauma cases, and an increase in the geriatric population will propel the market's expansion.
Opportunities
The market is expected to see new opportunities as a result of ongoing R&D efforts related to blood and fluid warming devices.
Restraints/Challenges
On the other hand, the high R&D costs in product development and lack of awareness regarding blood and fluid warming instrument treatments will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the blood and fluid warming medical devices market.
This blood and fluid warming medical devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the blood and fluid warming medical devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Blood and Fluid Warming Medical Devices Market Scope
The blood and fluid warming medical devices market is segmented on the basis of product type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Surface Warming System
- Intravenous Warming System
- Patient Warming Accessories
Application
- Acute Care
- Preoperative Care
- New Born Care
- Home Care
- Others (Obstetrics and Gynecology Care)
End User
- Hospitals
- Clinics
- E-Commerce
Blood and Fluid Warming Medical Devices Market Regional Analysis/Insights
The blood and fluid warming medical devices market is analyzed and market size insights and trends are provided by country, product type, application and end-user as referenced above.
The countries covered in the blood and fluid warming medical devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the blood and fluid warming medical devices market due to the growing number of geriatric population along with adoption of innovative medical technology.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The blood and fluid warming medical devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for blood and fluid warming medical devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the blood and fluid warming medical devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Blood and Fluid Warming Medical Devices Market Share Analysis
The blood and fluid warming medical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to blood and fluid warming medical devices market.
Some of the major players operating in the blood and fluid warming medical devices market are:
- 3M (U.S.)
- Cincinnati Sub-Zero Products (U.S.)
- SORIN GROUP (Italy)
- Thermal Angel (U.S.)
- BD (U.S.)
- Emit Corporation (U.S.)
- Barkey (Germany)
- CareFusion (U.S.)
- General Electric (U.S.)
- Smiths Medical (U.S.)
- Boston Scientific Corporation (U.S.)
- Paragon Medical (U.S.)
- enthermics (U.S.)
- Meridian Medical (India)
- The 37Company (U.S.)
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