Blood Warmer Market Size To Reach $2.01 Billion By 2030

Blood Warmers Market Growth & Trends

The global blood warmer market size is expected to reach USD 2.01 billion by 2030, registering a CAGR of 8.47%, according to a new report by Grand View Research, Inc. Rising incidences of road accidents, mishaps and other injuries, rising burden of hypothermia cases along with growing demand for blood warmers from ambulatory services and military/defense sectors, operating in extreme temperature environments are expected to propel the market demand for such devices over the forecast period.

Over the recent past, the COVID-19 pandemic has been associated with surges in hospitalization globally, this is expected to have a positive impact on the market. The demand for infusion therapy surged significantly during this period. This is one of the key factors driving up demand for blood warmer devices, which are used to raise fluids to body temperature, speed up patient recovery, and reduce the danger of transfusion shock.

Moreover, various manufacturers are adopting strategies such as mergers and acquisitions, partnerships, and product launches to strengthen their foothold in the market. For instance, in December 2020, Danish MedTech Company MEQU released the Power Pack, a new battery for its M Warmer System, a compact blood and IV fluid-warming systems. The system is commonly used in prehospital emergency settings. Such product launches are expected to propel the market over the forecast period.

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Blood Warmers Market Report Highlights

• Based on product, non-portable blood warmers segment held the largest market share of 55.26% in 2022. 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 65.29% in 2022. 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 blood warmers market and accounted for the highest revenue share of 40.76% in 2022, 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

Blood Warmers Market Segmentation

Grand View Research has segmented the global blood warmer market report on the basis of product, application, end-use, and region:

Blood Warmers Product Outlook (Revenue, USD Million, 2018 - 2030)

• Portable Blood/IV Warmers

• Non-portable Blood/IV Warmers

Blood Warmers End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals/Clinic

• Ambulatory Services

• Defense Forces

• Rescue Forces

Blood Warmers Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Mexico

  • Brazil

  • Colombia

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Blood Warmers Market

• Stryker Corporation

• Gentherm Medical

• Belmont Medical

• 3M

• ICU Medical

• Vyaire Medical, Inc.,

• The Surgical Company PTM

• Life Warmer

• MEQU

• Estill Medical Technologies, Inc.

• Smisson-Cartledge Biomedical