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Blood Warmer Devices Market - Growth, Trends, and Forecasts (2020 - 2025)

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  • 111 Pages
  • June 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 4896170
Factors such as the increasing number of surgeries and trauma cases, increasing the burden of hypothermia cases and rising geriatric and infant population is driving the growth of the blood warmer devices market. The increasing number of surgeries and trauma cases are contributing to the growth of the market. The growing number of surgeries is related to growth in dialysis adoption in severe stages of a medical patient and disease complexity. As per the 2019 article published under the Kidney Project by the University of California San Francisco, about 750,000 patients per year in the United States and an estimated 2 million patients worldwide are affected by end-stage renal disease (ESRD), which drives the adoption of dialysis machine and in-turn drives the demand for blood warmer devices. Hypothermia increases the risk during the surgical procedures and it also takes a long time to heal. Hence, it is important to maintain the proper temperature in order to accelerate the healing process after surgery. Therefore, the growing focus toward the development of better treatment options, along with the increasing burden of hypothermia cases is expected to drive the blood warmer devices market.

However, the availability of alternative methods and stringent regulatory framework is expected to restrain the growth of the global market in the forecast period.

Key Market Trends

Surface Warming System Segment is Expected to Dominate the Market

Based on products, the market is segmented into a surface warming system, an intravenous warming system, and patient warming accessories. The surface warming system segment is expected to dominate the market. However, the intravascular warming system will be the fastest-growing segment during the forecast period. The high growth is attributed to the increasing number of surgical procedures, which is mainly driven by the high prevalence of severe several chronic diseases, and others affecting the kidneys during the long term of diseases. Hence, owing to aforementioned factors, along with rising geriatric population, the market is expected to witness rapid growth over the forecast period.

Europe is Estimated to Provide Good Growth in the Blood Warmer Devices Market

Europe owing to the rise in surgeries, and growing cases of hypothermia among the infant and geriatric population, has attracted several companies across the major countries of the European Union, which should boost the growth of the existing market. Similarly, Other European countries such as Spain, Italy, Netherlands, etc. have also witnessed rise in the number of surgeries performed. These surgeries have mostly being related to chronic diseases in the adult patients and geriatric patients. This is estimated to to provide a steady growth in this market. Asia Pacific is expected to grow at a faster rate due to the increasing awareness regarding advanced treatment options, and the presence of emerging better economies acroos several countries this region.

Competitive Landscape

The leading players in the global market for blood warmer devices are - 3M, Belmont Medical Technologies, Biegler GmbH, Gentherm Incorporated, Geratherm Medical, Sarstedt AG & Co. KG Smiths Group, and Stryker Corporation.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Number of Surgeries and Trauma Cases
4.2.2 Rising Geriatric and Infant Population
4.3 Market Restraints
4.3.1 Availability of Alternative Methods
4.3.2 Stringent Regulatory Framework
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Product
5.1.1 Surface Warming System
5.1.2 Intravenous Warming System
5.1.3 Patient Warming Accessories
5.2 By End User
5.2.1 Hospitals
5.2.2 Blood Banks
5.2.3 Others
5.3 Geography
5.3.1 North America United States Canada Mexico
5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.3.4 Middle-East and Africa GCC South Africa Rest of Middle-East and Africa
5.3.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 3M Company
6.1.2 Belmont Medical Technologies
6.1.3 Biegler GmbH
6.1.4 Gentherm Incorporated
6.1.5 Geratherm Medical
6.1.6 Sarstedt AG & Co. KG
6.1.7 Smiths Medical, Inc.
6.1.8 Stryker Corporation
6.1.9 The 37Company

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • Belmont Medical Technologies
  • Biegler GmbH
  • Gentherm Incorporated
  • Geratherm Medical
  • Sarstedt AG & Co. KG
  • Smiths Medical, Inc.
  • Stryker Corporation
  • The 37Company