Blood Warmers Global Market Report 2024

The blood warmers market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth observed in the historical period can be attributed to several key factors. These include an increase in surgical procedures and trauma cases, greater awareness within healthcare settings regarding the risks associated with hypothermia, advancements in perioperative care practices aimed at optimizing patient outcomes, utilization of blood warmers in military and emergency medical services, and an expanded adoption of these devices within obstetrics and neonatal care, enhancing safety during childbirth and for newborns. These elements collectively contributed to the growth and utilization of blood warmers during this period.

The blood warmers market size is expected to see strongly grown in the next few years. It will grow to $1.74 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forthcoming period is expected to be driven by various factors. These include an increased demand for blood warmers in point-of-care settings, the expansion of blood transfusion services, technological innovations facilitating the portability of these devices, their integration into critical care protocols, and global initiatives focused on improving maternal and child health.

The blood-warmers market is experiencing growth propelled by the increasing number of surgeries, particularly in specialties like plastic surgery. Blood warmers are integral in maintaining proper blood and intravenous fluid temperatures during surgeries, ensuring patient safety and reducing surgical complications. For instance, 2021 witnessed a 54% surge in surgical procedures, including 365,000 breast augmentations, reflecting a substantial rise in plastic surgeries. This escalating surgical demand drives the need for blood-warming devices across diverse surgical applications.

Rising healthcare expenditure is significantly influencing the expansion of the blood warmers market. Increased healthcare spending, encompassing costs for goods and services within healthcare systems, crucially supports the development and accessibility of medical technologies like blood warmers. With healthcare expenditure reaching $331 billion in 2022, a substantial rise from the 7.6% in 2021, investment in advanced medical devices, including blood warmers, is augmenting their market growth. Innovative products like the M Station with warming technology are driving revenue in the blood-warmers market. These advancements enable uninterrupted transfusions, improve patient care, and mitigate the adverse effects of severe bleeding and hypothermia. MEQU's M Station, introduced in April 2021, exemplifies this innovation, boasting patented warming technology that swiftly heats infusion fluids from cold to body temperature within seconds. The portability of this solution enhances its applicability across various medical settings, from emergency rooms to intensive care units, ensuring rapid and safe fluid administration.

Strategic partnerships are proving instrumental in augmenting the blood-warmers market.in 2022, Collaborations between companies like QinFlow and Life-Assist have facilitated the development and accessibility of critical equipment like the Warrior line of blood and IV fluid warmers. The aim of this partnership is to provide emergency care professionals across the United States with high-performance yet portable blood and fluid warmers, known for their superior performance and cost-effectiveness compared to other battery-operated alternatives. Such collaborations advance the availability and usage of essential medical technologies, benefiting patient outcomes.

In January 2022, ICU Medical Inc., a US-based medical devices company, successfully acquired Smiths Medical, although the financial details were undisclosed. This acquisition marked a significant expansion for ICU Medical, enriching its product portfolio, bolstering market presence, enhancing operational efficiency, and fortifying the medical supply chain. Moreover, it aligned well with ICU Medical's customer-focused corporate culture, positioning the company as a prominent figure in infusion therapy. Smiths Medical, also a US-based medical devices company, specializes in the development, manufacturing, and sale of a wide array of products, including infusion pumps, IV catheters, blood warmers, and various other devices utilized in critical care, surgical procedures, and other medical interventions. This acquisition paved the way for mutual growth, combining the strengths of both entities to offer a more comprehensive range of medical solutions.

Major companies operating in the blood warmers market report are 3M Company, Kimberly-Clark, Becton, Dickinson and Company (BD), Stryker Corporation, GE Healthcare, Grifols S.A, ICU Medical, Gentherm Medical, SARSTEDT AG & Co. KG, Vyaire Medical Inc., Meridian Medical Technologies, Mennen Medical, QED Medical, MTRE Advanced Technologies Ltd., Sino Medical-Device Technology Co. Ltd., Geratherm Medical AG, Paragon Medical, EMIT Corporation, Belmont Medical, Estill Medical Technologies Inc., the Surgical Company PTM, Smisson-Cartledge Biomedical, Barkey GmbH & Co. KG, Thermal Angel, Enthermics Medical Systems.

North America was the largest region in the blood warmers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood warmers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the blood warmers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The various types of blood warmers include portable blood warmers and non-portable blood warmers, which are used for several applications, including surgery, acute care, newborn care, home care, and others, by various end-users, such as hospitals or clinics, ambulatory services, defense forces, and rescue forces.

The blood warmers market research report is one of a series of new reports provides blood warmers market statistics, including blood warmers industry global market size, regional shares, competitors with a blood warmers market share, detailed blood warmers market segments, market trends and opportunities, and any further data you may need to thrive in the blood warmers industry. This blood warmers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The blood warmers market consists of sales of disposable warming sets, portable blood warmers, temperature monitoring and control systems, calibration tools, and consumables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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