Blood Warmers Market Size, Share & Trends Report

Blood Warmers Market Size, Share & Trends Analysis Report By Product, By End-use (Hospitals/Clinic, Ambulatory Services, Defense Forces, Rescue Forces), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Mar, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68038-141-2
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 90

Report Overview

The global blood warmers market size was valued at USD 869.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2021 to 2028. The rise in surgical procedures worldwide, along with the growing incidence of road accident fatalities is anticipated to drive the market. The rising demand for blood/IV warmers from ambulatory services and military/defense sectors is expected to further fuel market growth in the near future. Hypothermia is among the top risk factors that can result in fatalities among patients of physical trauma. 

U.S. Blood/IV Warmers market size, by product, 2016 - 2028 (USD Million)

In the U.S., an estimated 10.00 to 12.00 million incidents of hypothermia along with another 2.00 to 3.00 million incidents of hyperpyrexia were observed in 2016. Factors, such as blood loss due to injury/shock, extreme environments, infectious disease epidemic, natural calamities, physical trauma, and hypothermia caused by infusion of cold-stored blood/IV, increases the risk of fatality. It has been observed that in the U.S. out of few million incidents of IV-induced hypothermia, 75.0% of cases are caused in ambulatory settings. In order to prevent risk due to blood/IV induced hypothermia, portable blood/IV warmers have witnessed an increasing demand in the U.S. and European Union (EU) since 2010, thereby driving the growth of the market for blood/IV warmers.

More than 70.0% of patient warming demands in the U.S. are met in hospitals, whereas the rest are met in remote centers, such as ambulatory services and others. Surgical procedures and hospital stays are the biggest factors that demand an infusion of IV solutions or blood transfusion. In order to prevent transfusion/infusion-induced hypothermia, blood/IV warmers have traditionally played an important role in preventing fatalities among citizens of developed nations.

Furthermore, many surgical procedures require transplantation and implants that are often maintained well below regular body temperature in order to control microbial infection. The introduction of such implants is observed to reduce the body temperature of the patient, thereby requiring patient heating systems. Additionally, weaker patients find it difficult to regulate their body temperature and therefore, require body warming devices to help them recover better and reduce the risk of complications.

The rising number of surgical procedures worldwide has also led to the increase in demand for both portable and non-portable blood/IV warmer devices. These devices help surgeons to maintain a patient’s body temperature at optimum levels and prevent the risk of hypothermia at the surgery table. In a hospital setting, non-portable blood/IV warmer devices are used often as they can heat a greater volume of blood or IV solutions in addition to being more affordable and easier to maintain. 

Product Insights

The non-portable blood/IV warmers held the largest market share of 44.3% in terms of revenue in 2020. These devices are either direct infusion line warmers or heating plates/platforms that warm the IV solution and blood bags to room temperature.

The portable blood/IV warmers segment is anticipated to witness the fastest growth rate over the forecast period. The demand is expected to remain slightly higher than non-portable devices in the forthcoming years. A majority of the demand comes from ambulatory/paramedic services, rescue forces, and defense sectors. In addition, growing demand from remote clinics and emergency centers is also expected to drive the segment growth.

End-use Insights

The hospital/clinics segment held the largest revenue share of 65.6% in 2020, as the medical devices cater to the majority of the population at a given time. In terms of the sheer volume of blood and IV infusion, hospitals are observed to be the largest consumer segment in the market. Furthermore, hospital institutions are considered as large buyers having steady long-term contracts with suppliers that manufacture blood/IV warming devices. This, in turn, offers greater negotiating power and provides a large market for product after-sale services.

Global Blood/IV Warmers market share, by end-use, 2020 (%)

In terms of revenue, the ambulatory services segment held the second largest market share followed by defense forces at third position. Although the volume of devices consumed by ambulatory services is much higher, many ambulatory services are run by hospital institutions and act as an extension of hospital services.

Regional Insights

North America dominated the blood/IV warmers market and accounted for the largest revenue share of 40.7% in 2020. The region is expected to show a considerable growth rate over the forecast period. The increasing number of product development in patient temperature control systems is also expected to drive the market in the region. Increased spending on the defense sector in addition to the spending on search and rescue emergency services has resulted in a growing demand for blood/IV warmers. The geographical location of this region results in extremely cold weather patterns that render the region prone to cyclones, blizzards, and heavy snow. Numerous fatalities attributed to extreme snow/frost-related incidents are anticipated to drive the market in the region.

In Asia Pacific, the market is anticipated to grow fast over the forecast period, owing to the rising presence of quality medical device manufacturers, increased awareness, increased medical expenditure, and demand from remote emergency healthcare and defense sectors to name a few. Moreover, the rising number of surgeries in Asia Pacific owing to the larger population and increasing incidence of accidental injuries are some of the key factors driving the market.

Key Companies & Market Share Insights

Key players are involved in adopting strategies such as mergers and acquisitions, partnerships, and launching new products to strengthen their foothold in the market. For instance, Smiths Medical Hotline brand of blood/IV warmer is among the most promoted devices in the medical expo community. Hotline’s Level 1 product is a non-portable blood/IV warmer system that provides consistent warming of fluid without heat loss due to line cool down. The Hotline’s products have been commonly used across surgical rooms in the U.S., allowing Smiths Medical to garner a significant market presence in the western world. In addition, key players are investing heavily in the research and development to manufacture technologically advanced products. Some of the prominent players in the blood/IV warmers market include:

  • Stryker Corporation

  • Gentherm Medical

  • Belmont Medical

  • Kimberly-Clark

  • 3M

  • Mennen Medical

  • Smith’s Medical

Blood Warmers Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 978.7 million

Revenue forecast in 2028

USD 1.7 billion

Growth Rate

CAGR of 8.3% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)

Country scope

U.S., Canada; U.K., Germany, France, Italy, Spain, Japan, China, India, Australia, South Korea, Brazil, Mexico, Colombia, Argentina, South Africa, Saudi Arabia, UAE

Key companies profiled

Stryker Corporation; Gentherm Medical; Belmont Medical; Kimberly-Clark; 3M; Mennen Medical; Smith’s Medical

Customization scope

Free report customization (equivalent to up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global blood warmers market report on the basis of product, end use, and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2028)

    • Portable Blood/IV Fluid Warmers

    • Non Portable Blood-IV Fluid Warmers

  • End-use Outlook (Revenue, USD Million, 2016 - 2028)

    • Hospitals/Clinic

    • Ambulatory Services

    • Defense Forces

    • Rescue Forces

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

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