Blood Warmer Devices Market by Product and Geography - Forecast and Analysis 2022-2026

The blood warmer devices market share is expected to increase by USD 366.99 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.54%.

This blood warmer devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers blood warmer devices market segmentation by product (blankets and accessories and systems) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The blood warmer devices market report also offers information on several market vendors, including Barkey GmbH and Co. KG, Becton Dickinson and Co., BIEGLER GmbH, EMIT Corp., Estill Medical Technologies Inc., Gentherm Inc., ICU Medical Inc., LIFE WARMER, MEQU, SARSTEDT AG, and Co. KG, Sino Medical Device Technology Co. Ltd., Smisson Cartledge Biomedical LLC, Stihler Electronic GmbH, Stryker Corp., The Surgical Co., Vyaire Medical Inc., 3M Co., and Belmont Medical Technologies among others.

What will the Blood Warmer Devices Market Size be During the Forecast Period?

Download Report Sample to Unlock the Blood Warmer Devices Market Size for the Forecast Period and Other Important Statistics

 

Blood Warmer Devices Market: Key Drivers, Trends, and Challenges

The increasing prevalence of hypothermia is notably driving the blood warmer devices market growth, although factors such as product recalls and stringent regulatory approvals may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the blood warmer devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Blood Warmer Devices Market Driver

The increasing prevalence of hypothermia is one of the major drivers impacting the blood warmer devices market growth. Blood warmer devices are widely utilized for reducing the risk of hypothermia associated with the infusion of cold blood products. A hypothermic condition is considered to be an emergency. According to the National Institutes of Health (NIH), approximately 25,000 deaths are due to hypothermia in Western Europe, about 20,000 in the US, and 8,000 in Canada annually. In the US, annually, approximately 67% of hypothermia-related deaths are seen among males due to excessive natural cold. Hypothermia in trauma patients is due to environmental exposure, infusion of cold fluids and blood, the opening of body cavities, and impaired thermos regulatory control. Hypothermia, along with acidosis and coagulopathy, is a lethal triad in an injured person. Blood warmer devices are the most reliable sources to keep the blood warm and maintain the normal temperature. Hence, the global blood warmer devices market is expected to witness high growth during the forecast period.

Key Blood Warmer Devices Market Trend

Innovative business strategies and new product launches is one of the major trends influencing the blood warmer devices market growth. Vendors are focusing on the development of advanced technology, which can increase market adoption. For instance, in April 2021, MEQU developed portable blood and IV fluid warming device which can be utilized in the pre-hospital and military sectors. Since the product is portable, it can be used in ambulances and home care settings, which has increased its sales. Furthermore, in April 2021, Belmont Medical was awarded $133 million in US military contract for five years for a portable rapid blood infuser product line, military kits, and associated consumables and accessories. Such business strategies are expected to increase the sales of blood warmer devices, which, in turn, will propel the growth of the global blood warmer devices market during the forecast period.

Key Blood Warmer Devices Market Challenge

Product recalls and stringent regulatory approvals is one of the major challenges impeding the blood warmer devices market growth. Blood warmer devices are used in many treatment procedures. Due to the high demand, various companies manufacture the devices with advanced technology. However, there has been product recalls by the FDA due to assembling problems and safety issues such as defective components, product contamination, poor packaging, and product mix-up. In December 2021, the FDA recalled the product ThermaCor 1200 rapid thermal infusion system disposable sets, manufactured by Smisson, due to the potential risk of patient contact with aluminum, which may cause serious injuries or deaths. Medical device recalls can lead to either correction or permanent removal of medical devices from the market, which will impact a company financially. Therefore, the constant product recall can hamper the growth of the global blood warmer devices market during the forecast period.

This blood warmer devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global blood warmer devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the blood warmer devices market during the forecast period.

Who are the Major Blood Warmer Devices Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Barkey GmbH and Co. KG
• Becton Dickinson and Co.
• BIEGLER GmbH
• EMIT Corp.
• Estill Medical Technologies Inc.
• Gentherm Inc.
• ICU Medical Inc.
• LIFE WARMER
• MEQU
• SARSTEDT AG and Co. KG
• Sino Medical Device Technology Co. Ltd.
• Smisson Cartledge Biomedical LLC
• Stihler Electronic GmbH
• Stryker Corp.
• The Surgical Co.
• Vyaire Medical Inc.
• 3M Co.
• Belmont Medical Technologies

 

This statistical study of the blood warmer devices market encompasses successful business strategies deployed by the key vendors. The blood warmer devices market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• vyaire.com - The company offers Medi temp II FW400 series blood warmer device which is designed to deliver warm fluids to patients.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The blood warmer devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Blood Warmer Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the blood warmer devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Blood Warmer Devices Market?

For more insights on the market share of various regions Request PDF Sample now!

42% of the market’s growth will originate from North America during the forecast period. The US is the key market for blood warmer devices in North America. Market growth in this region will be faster than the growth of the market in other regions.

Harsh winters with the temperature dropping from 30.2degF to -0.4degF in the region will facilitate the blood warmer devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 adversely affected the economies of all countries in North America, especially the US. However, it had only a slightly negative impact on the blood warmer devices market in the region. A rise in the number of COVID-19 cases in Q1 2021 led to partial lockdowns in several countries, including Canada and Mexico. Thus, various non-urgent treatments and clinical visits were either limited or completely halted as per government guidelines. Hence, the sales of blood warmer devices declined slightly through offline medical stores. 

What are the Revenue-generating Product Segments in the Blood Warmer Devices Market?

To gain further insights on the market contribution of various segments Request a PDF Sample

The blood warmer devices market share growth in the blankets and accessories segment will be significant during the forecast period. Warming cabinets are used to heat blankets evenly and keep them warm for patients to maintain body temperatures. Some blankets and mattresses work on electric power that uses carbon fiber wires connected to a thermostat to monitor the heat level. Hence, the blankets and accessories segment in the global blood warmer devices market is expected to witness high growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the blood warmer devices market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Home Blood Pressure Monitoring Devices market - The market share is expected to increase by USD 565.93 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.4%.

Blood Glucose Monitoring Devices market - The market share is expected to increase by USD 5.84 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.16%.

Blood Warmer Devices Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.54%
Market growth 2022-2026	$ 366.99 million
Market structure	Fragmented
YoY growth (%)	6.97
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 42%
Key consumer countries	US, Germany, UK, Japan, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Barkey GmbH and Co. KG, Becton Dickinson and Co., BIEGLER GmbH, EMIT Corp., Estill Medical Technologies Inc., Gentherm Inc., ICU Medical Inc., LIFE WARMER, MEQU, SARSTEDT AG and Co. KG, Sino Medical Device Technology Co. Ltd., Smisson Cartledge Biomedical LLC, Stihler Electronic GmbH, Stryker Corp., The Surgical Co., Vyaire Medical Inc., 3M Co., and Belmont Medical Technologies
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Blood Warmer Devices Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive blood warmer devices market growth during the next five years
• Precise estimation of the blood warmer devices market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the blood warmer devices industry across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the blood warmer devices market, vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch