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 2023 – 2031
The global blood warmers market size was valued at USD 1063.64 Million in 2022 and is expected to reach USD 2329.26 Million by 2031, expanding at a CAGR of 9.1% during the forecast period, 2023–2031. 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.
Blood Warmers 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 Blood Warmers Market 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.
Attributes |
Details |
Report Title |
Blood Warmers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Products (Non-portable Blood/IV Fluid Warmers and Portable Blood/IV Fluid Warmers) and End-users (Defense Forces, Rescue Forces, Hospital/Clinic, and Ambulatory Services) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Gentherm Medical; Belmont Medical; Kimberly-Clark; 3M; Mennen Medical; Smith’s Medical; and Stryker Corporation |
Blood Warmers Market Segment Insights
Products Segment Analysis
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.
End-users Segment Analysis
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.
Regional Analysis
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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Blood Warmers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Blood Warmers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Blood Warmers Market - Supply Chain
4.5. Global Blood Warmers Market Forecast
4.5.1. Blood Warmers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Blood Warmers Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Blood Warmers Market Absolute $ Opportunity
5. Global Blood Warmers Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Blood Warmers Market Size and Volume Forecast by End Users
5.3.1. Defense Forces
5.3.2. Rescue Forces
5.3.3. Hospital/Clinic
5.3.4. Ambulatory Services
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Blood Warmers Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Blood Warmers Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Blood Warmers Demand Share Forecast, 2019-2026
7. North America Blood Warmers Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Blood Warmers Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Blood Warmers Market Size and Volume Forecast by End Users
7.4.1. Defense Forces
7.4.2. Rescue Forces
7.4.3. Hospital/Clinic
7.4.4. Ambulatory Services
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Blood Warmers Demand Share Forecast, 2019-2026
8. Latin America Blood Warmers Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Blood Warmers Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Blood Warmers Market Size and Volume Forecast by End Users
8.4.1. Defense Forces
8.4.2. Rescue Forces
8.4.3. Hospital/Clinic
8.4.4. Ambulatory Services
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Blood Warmers Demand Share Forecast, 2019-2026
9. Europe Blood Warmers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Blood Warmers Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Blood Warmers Market Size and Volume Forecast by End Users
9.4.1. Defense Forces
9.4.2. Rescue Forces
9.4.3. Hospital/Clinic
9.4.4. Ambulatory Services
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Blood Warmers Demand Share Forecast, 2019-2026
10. Asia Pacific Blood Warmers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Blood Warmers Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Blood Warmers Market Size and Volume Forecast by End Users
10.4.1. Defense Forces
10.4.2. Rescue Forces
10.4.3. Hospital/Clinic
10.4.4. Ambulatory Services
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Blood Warmers Demand Share Forecast, 2019-2026
11. Middle East & Africa Blood Warmers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Blood Warmers Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Blood Warmers Market Size and Volume Forecast by End Users
11.4.1. Defense Forces
11.4.2. Rescue Forces
11.4.3. Hospital/Clinic
11.4.4. Ambulatory Services
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Blood Warmers Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Blood Warmers Market: Market Share Analysis
12.2. Blood Warmers Distributors and Customers
12.3. Blood Warmers Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Gentherm Medical
12.4.2. Belmont Medical
12.4.3. Kimberly-Clark
12.4.4. 3M
12.4.5. Mennen Medical
12.4.6. Smith’s Medical
12.4.7. Stryker Corporation