Blood Warmers Market by Products (Non-portable Blood/IV Fluid Warmers and Portable Blood/IV Fluid Warmers), End-users (Defense Forces, Rescue Forces, Hospital/Clinic, and Ambulatory Services), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

The global blood warmers market size was valued at USD 893.6 million in 2020 and is expected to expand at a CAGR of 9.1% during the forecast period, 2021–2028. The growth of the market is attributed to the increase in surgical operations as well as an increase in the number of people killed in car accidents globally.

A blood warmer is an equipment that prevents the development of hypothermia by warming blood and other fluids in a body. It is vital to maintain up to normal body temperature not just to avoid hypothermia but also to avoid hemolysis or blood cell breaking. Hypothermia is one of the leading causes of death in individuals who have suffered physical trauma. The risk of death is increased by factors such as blood loss due to injury or shock, severe conditions, infectious disease epidemics, natural disasters, physical trauma, and hypothermia produced by infusion of cold-stored blood/IV. Several reports stated that 75 percent of IV-induced hypothermia cases in the United States were handled in ambulatory settings. The most common reasons for IV infusions or blood transfusions are surgical operations and hospital stays. Blood/IV warmers have traditionally played a significant role in minimizing mortality among people of industrialized countries by preventing transfusion/infusion-induced hypothermia. In addition, many surgical procedures include transplanting and implants require to maintain at temperatures much below body temperature in order to prevent microbial infection. Furthermore, weaker individuals have a harder time controlling their body temperature, necessitating the use of body warming equipment to aid recovery and lower the risk of problems.

The need for infusion therapy is growing as the number of patients suffering from coronavirus illness had rose drastically over the last two years, 2020-2022. This is one of the key causes driving up the 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.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for blood/IV warmers from ambulatory services and the military/defense sectors is likely to propel the market during the forecast period.
• Growing number of ageing population along with increased rates of surgical surgeries and procedures due to frequent occurrence of road accidents are key factors driving the market.
• Rising expenses associated with the development of blood and fluid warmers is a major hurdle that can hinder the market growth.
• Onerous government regulations in emerging nations for the clearance of medical devices can hamper the market expansion during the forecast period.
• Rising trend of private medical practice and increasing budgets for defense health systems by several government across nations are likely to create lucrative opportunities for the market growth.

Scope of the Report

The report on the global blood warmers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Non-portable blood/IV fluid warmers segment to grow at a high rate

Based on products, the blood warmers market is bifurcated into non-portable blood/IV fluid warmers and portable blood/IV fluid warmers. The non-portable blood/IV fluid warmers segment is expected to grow at a high rate during the projected period as they can heat a larger amount of blood or IV solutions. Moreover, the products are inexpensive and easier to maintain as compared to portable devices. However, the portable blood/IV fluid warmers segment is expected to be a fast-growing segment during the forecast period due to the wide adoption of the products for various surgical procedures globally.

Hospital/clinic segment to dominate the market

On the basis of end-users, the market is fragmented into defense forces, rescue forces, hospital/clinic, and ambulatory services. The hospital/clinic segment is projected to dominate the market during the projected timeline owing to increasing use of medical equipment in hospitals and clinics for surgical treatments. The ambulatory services segment, however, is expected to grow rapidly in the coming years as ambulatory services utilize far more gadgets. Additionally, many ambulatory services are operated by hospitals and serve as an extension of hospital services.

North America is anticipated to constitute a key market share

In terms of regions, the blood warmers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to the presence of the ageing population and extreme weather climate conditions that can increase high risk of several disorders and require surgical operations for treatment. Moreover, increasing defense spending as well as favorable initiatives by governments on search and rescue emergency services present another key factor of the regional market. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to increase in surgeries as a result of the growing population and wide occurrence of road and traumatic accidents.

Segments

• Non-portable Blood/IV Fluid Warmers
• Portable Blood/Iv Fluid Warmers

• Defense Forces
• Rescue Forces
• Hospital/Clinic
• Ambulatory Services

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

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

Competitive Landscape

Key players competing in the global blood warmers market are Gentherm Medical; Belmont Medical; Kimberly-Clark; 3M; Mennen Medical; Smith’s Medical; and Stryker Corporation. To increase their position in the market, key firms use methods such as mergers and acquisitions, collaborations, and the development of new goods. The Smiths Medical Hotline brand of blood/IV warmer, for example, is one of the most popular products at medical expos. The Level 1 device from Hotline is a non-portable blood/IV warmer that maintains fluid temperature without heat loss owing to line cool down. The Hotline's products are widely utilized in operating rooms around the United States, helping Smiths Medical to have a large market position in the Western world. Furthermore, important firms are substantially spending in research & development in order to provide technologically sophisticated products.