Global Blood and Fluid Warming Devices Market 2017-2021

Blood and fluid warming devices market forecast

According to the blood and fluid warming devices industry analysis, market research analysts at Technavio predict that the global blood and fluid warming devices market will grow steadily during the forecast period and post a CAGR of around 7% by 2021. This market research analysis identifies the increasing prevalence of hypothermia as one of the key factors behind the blood & fluid warming devices market growth. Hypothermia is caused by factors such as medical conditions, exposure to cold temperatures, age, physical trauma, and surgical situations and severe hypothermia leads to confusion, loss of fine motor skills, and amnesia. Continued heat loss without adequate rewarming can result in hypotension, impaired respiration, cardiac arrhythmias, and death. Hypothermia is a very common occurrence in un-warmed anesthesia monitored surgical patients and causes major complications triggering the demand and need for warming devices. Since blood and fluid warming devices prevent complications during blood transfusions, the coming years will witness a considerable increase in their demand.

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Blood and fluid warming devices market trends 

One of the key vendors recently invented a portable blood and fluid warming device for large, medium-sized, and small-sized medical institutions such as physicians’ offices, hospitals, clinics, and ASCs. Additionally, the portability of the device also enables its usage in ambulances and home settings which helped the company increase its sales volume. With the rising demand, vendors in the blood and fluid warming devices market will start focusing on the development of advanced technology to increase their market shares and gain a competitive edge.

Blood and fluid warming devices market forecast based on key vendors

The blood and fluid warming devices market is highly competitive due to the presence of several established vendors that offer products in local and established markets. The market is growing steadily with vendors offering a wide range of products. The vendors’ performance is impacted by factors such as advanced technology, high-quality products, and brand image and they attempt to expand their product portfolio by following strategies such as increasing R&D investments, M&A, and technological innovations.

The leading vendors in the market

• Becton Dickinson
• Smiths Medical
• 3M

Blood and fluid warming devices market worth based on product type

• Blanket and accessories

• Systems

During 2016, the blanket and accessories segment accounted for the major shares and dominated this blood and fluid warming devices market. Factors such as the dual benefit of transferring heat to a body and reducing heat loss will contribute to the growth of this market segment in the coming years. Accessories include IV extensions and tubes, batteries, battery chargers, power cables, cleaning tool, injection ports, rate flow regulation sets, and tubes associated with disposable sets. These accessories are disposable and have to be handled carefully. Companies provide warranty and after-sales services for accessories and devices, consequently increasing the adoption and supporting market growth.

Blood and fluid warming devices market size based on end-users

• ASCs

• Hospitals
• Physician’s office

During 2016, the ASCs segment dominated the market by accounting for the major shares. ASCs provide a wide range of medical services and conduct surgical treatments and emergency care procedures in outpatient settings and also help minimize medical expenses and the duration of hospital stays. ASCs provide consumer-friendly outpatient services and locations and monitor chronic conditions outside hospitals. The increasing preference of patients opting for ASCs, will be the major factor fueling the growth of the blood and fluid warming devices market in this segment.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global blood and fluid warming devices market?
• What are the key market trends impacting the growth of the global blood and fluid warming devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global blood and fluid warming devices market?
• What are the market opportunities and threats faced by the vendors in the global blood and fluid warming devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global blood and fluid warming devices market? 

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