+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Patient Warming Devices - Global Strategic Business Report

  • PDF Icon

    Report

  • 392 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5027957

Global Patient Warming Devices Market to Reach $3.2 Billion by 2030

The global market for Patient Warming Devices estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$3.2 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030. Surface Warming Systems, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$1.3 Billion by the end of the analysis period. Growth in the Intravascular Warming Systems segment is estimated at 7.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $715.9 Million, While China is Forecast to Grow at 8.1% CAGR

The Patient Warming Devices market in the U.S. is estimated at US$715.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$451.9 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 48 Featured)

  • 3M Company
  • Becton, Dickinson and Company
  • GE Healthcare
  • Halyard Health, Inc.
  • DJO Global, Inc.
  • Geratherm Medical AG
  • Armstrong Medical Ltd.
  • Crescent Healthcare Pty Limited
  • Barkey GmbH & Co. KG
  • Bosch + Sohn GmbH u. Co. KG
  • EMIT Corporation
  • Gentherm, Inc.
  • Cincinnati Sub-Zero Products, LLC
  • Alfamedic s.r.o.
  • Beijing Eternal Medical Technology Co., Ltd.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Patient Warming Devices Market

What is the estimated value of the Patient Warming Devices Market?

The Patient Warming Devices Market was estimated to be valued at $2 Billion in 2022.

What is the growth rate of the Patient Warming Devices Market?

The growth rate of the Patient Warming Devices Market is 6.1%, with an estimated value of $3.2 Billion by 2030.

What is the forecasted size of the Patient Warming Devices Market?

The Patient Warming Devices Market is estimated to be worth $3.2 Billion by 2030.

Who are the key companies in the Patient Warming Devices Market?

Key companies in the Patient Warming Devices Market include 3M Company, Becton, Dickinson and Company, GE Healthcare, Halyard Health, Inc., DJO Global, Inc., Geratherm Medical AG, Armstrong Medical Ltd., Crescent Healthcare Pty Limited, Barkey GmbH & Co. KG and Bosch + Sohn GmbH u. Co. KG.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 and a Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019E to 2022F
  • Elective Surgeries Report Roller-Coaster Ride amid COVID-19
  • COVID-19 Induced YOY Decline in Heart Surgery Volumes in the US in 2020
  • Fallout of Pandemic - Colossal Backlog of Elective Surgeries & Extended Waiting Times
  • Amid the Hammering, Demand for Air-Free Patient Warming Devices Rise for COVID-19 Infection Risk Environment Settings
  • Bruised by the Pandemic, Global Patient Warming Devices Market to Pick Pace from 2021
  • Maintaining Body Temperature - Critical for Health and Well-Being of Patient
  • Patient Warming Devices: Ensuring Relief, Coziness & Faster Recovery for Patients
  • Perioperative Hypothermia
  • Maintaining Body Temperature in Patients
  • Forced Air Warming for Hypothermia
  • Intravascular Warming for Induced/Unintentional Hypothermia
  • Rising Number of Chronic Ailments & Surgeries Set to Galvanize the Patient Warming Devices Market
  • Key Drivers Moving Patient Warming Devices Market toward Warm Mode
  • Surface Warming Devices: Primary Segment of Patient Warming Devices Market
  • World Patient Warming Devices Market by Product Type (2020 & 2027): Percentage Breakdown of Revenues for Surface Warming Systems, Intravascular Warming Systems, and Patient Warming Accessories
  • Analysis by Application
  • World Patient Warming Devices Market by Application (2020 & 2027): Percentage Breakdown of Revenues for Acute Care, Perioperative Care, New-born & Pediatric Care, and Other Applications
  • Regional Analysis: North America Undertakes Commanding Position in Patient Warming Devices Market
  • World Patient Warming Devices Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • Global Patient Warming Devices Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
  • Competitive Scenario: Patient Warming Devices Providers Tether on Product Innovations to Expand Footprint
  • Recent Market Activity
  • Patient Warming Devices - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Uptrend in Healthcare Spending to Result in Improved Opportunities
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017, 2019, 2021 & 2023
  • Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023
  • Growing Geriatric Population to Push the Market Ahead
  • Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
  • Global Population Statistics for the 65+ Age Group by Select Countries: 2019
  • Life Expectancy at Birth for Select Countries in Number of Years
  • Rising Prevalence of Chronic Diseases Widens Market Prospects
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Rise in Surgical Procedures Calls for Temperature Management Systems
  • Growth in Number of Surgeries in the US (2010-2020) (in %)
  • Global Surgical Procedure Volume by Procedure Type (2018)
  • Number of Surgical Procedures (per 100,000 People) in Select Countries
  • Preoperative Forced-Air Warming System for Thoracoscopic Surgery Patients
  • Effect of Perioperative Warming in Plastic Surgery Settings
  • Rapid Increase in Electrosurgery Procedures Fuels Demand
  • High Incidence of Preterm Births Drives Demand in Neonatal ICUs
  • Countries with High Rate of Preterm Births Worldwide Country Total Preterm Births
  • Total Preterm Births (in Percentage) in the US: 2010-2018
  • Forced-Air Warming Critical to Prevent Hypothermia
  • Both Active & Passive Warming Devices Make Gains
  • Technologically Innovations & Advancements
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Surface Warming Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Surface Warming Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Surface Warming Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Intravascular Warming Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Intravascular Warming Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Intravascular Warming Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Patient Warming Accessories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Patient Warming Accessories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Patient Warming Accessories by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Acute Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Acute Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Acute Care by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Perioperative Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Perioperative Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Perioperative Care by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for New-Born & Pediatric Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for New-Born & Pediatric Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for New-Born & Pediatric Care by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Patient Warming Devices Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Patient Warming Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Patient Warming Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Patient Warming Devices by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Patient Warming Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • Becton, Dickinson and Company
  • GE Healthcare
  • Halyard Health, Inc.
  • DJO Global, Inc.
  • Geratherm Medical AG
  • Armstrong Medical Ltd.
  • Crescent Healthcare Pty Limited
  • Barkey GmbH & Co. KG
  • Bosch + Sohn GmbH u. Co. KG
  • EMIT Corporation
  • Gentherm, Inc.
  • Cincinnati Sub-Zero Products, LLC
  • Alfamedic s.r.o.
  • Beijing Eternal Medical Technology Co., Ltd.