Blood Warmer Devices Market - Forecast(2024 - 2030)

Blood Warmer Devices Market Overview

Blood Warmer Devices Market size was estimated at $208 million in 2020, projected to grow at a CAGR of 8.3% during the forecast period 2021-2026. Blood Warmer Devices has witnessed huge demand owing to the growing surgical procedures globally along with the rising incidence of road accidents. Blood warmer is a device that warms blood or other fluids to prevent hypothermia. The blood is preserved by keeping it refrigerated. Moreover, intravenous fluid warming is also important as shivering, chills, and pain are common side effects of infusions of room temperature IV fluids. The dry-heat plate warmer device warms the IV fluid in a cassette between the heat plates, increasing the material's heat-transfer capacity and allowing for heat temperature adjustment up to 41°C. Warming blood to the proper temperature is important not only to avoid hypothermia but also to avoid hemolysis, or the breakdown of blood cells. The colder blood cause hypothermia in the patient if the transfusion is performed too quickly without warming it first. Furthermore, warming IV fluids to body temperature before infusion can reduce shivering and improve patient comfort in the perioperative period, according to small studies of patients undergoing surgery. These devices are critical for patients who need a rapid blood transfusion to preserve body homeostasis. Without blood warmers, the patient may face severe complications as a result of blood loss; warmers offer a fast and painless way to replace the blood rapidly without damaging it. These are considered to be the most vital devices in the hospital while treating the patients with blood loss. According to CDC, in the year 2019, death rates owing to extreme cold or hypothermia were higher in rural areas than in urban areas among people aged 15 and above in every age group.

Blood Warmer Devices Market Report Coverage

The report: “Blood Warmer Devices Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Blood Warmer Devices Market.

By Product Type: Blood Warming Systems, Intravenous Warming Systems, Surface warming Systems
By Patient: Pediatrics & Infants and Adults
By Component: Services, Hardware, Software
By End User: Hospitals & Clinics, Blood Banks, Transfusion Centers, Ambulatory Surgical Centers, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

• Geographically, Europe Blood Warmer Devices Market held the largest revenue share of 41% in 2020 owing to the highest disposable income and increasing geriatric population in this region.
• Increase in R&D activities made by the key players of the market in different region of the world are driving the market.
• Increase in FDA approvals for various blood warmer devices are now rapidly delivering innovations in the Blood Warmer Devices Market.
• Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market is provided in the Blood Warmer Devices Market.

Blood Warmer Devices Market: Market Share (%) by Region, 2020

Blood Warmer Devices Market Segment Analysis – By Product Type:

Based on Product, Blood Warmer Devices Market is segmented into Blood Warming Systems, Intravenous Warming Systems, Surface warming Systems. Surface warming systems segment is accounted for the largest revenue market share in 2020. They are considered as one of the most commonly used techniques to prevent inadvertent perioperative hypothermia. Surface warming systems produce heat mechanically (heating of air, water, or gels) and pass it to the patient through skin contact. These systems reduce blood loss during the surgery and is associated with minimizing shivering. However, the intravascular warming system is poised to grow with the fastest CAGR of 8.7% in the forecast period 2021-2026 owing to an increase in surgical procedures that is primarily driven by the high prevalence of serious chronic diseases and other diseases that affect the kidneys over time. As a result of the aforementioned factors, as well as the growing geriatric population, the market is expected to develop rapidly during the forecast period.

Blood Warmer Devices Market Segment Analysis – By End User:

Based on End user, Blood Warmer Devices Market is segmented into Hospitals & Clinics, Blood Banks, Transfusion Centers, and Ambulatory Surgical Centers. The hospitals & Clinics segment is accounted for the largest revenue market share in 2020. Hospitals are the market's largest consumer segment in terms of blood and Intravenous infusion capacity. In addition, hospital establishments are regarded as major purchasers of long-term contracts with suppliers of blood/IV warming devices. The ambulatory services segment is predicted to grow with the fastest CAGR of 8.9% in the forecast period 2021-2026. Despite the fact that ambulatory services consume many more devices, many ambulatory services are run by hospitals and serve as an extension of hospital services.

Blood Warmer Devices Market Segment Analysis – By Geography:

Based on Geography, Europe Blood Warmer Devices Market accounted for the 41% revenue share in 2020. This is majorly attributed to the technological advancement and rising geriatric population in the region. Owing to an increase in surgeries and an upsurge in cases of hypothermia among the infant and geriatric population, Europe has attracted many companies from across the European Union, which should help the existing market to expand. Other countries, such as Spain, Italy, the Netherlands, and others, have seen an increase in the number of surgeries performed. The majority of these surgeries have been linked to chronic illnesses in adult and geriatric patients. This market is expected to expand steadily in the future. Owing to increased awareness of innovative treatment options and the presence of emerging markets, Asia-Pacific market is poised to grow with the fastest CAGR in the forecast period 2021-2026. Increase in aging population, growing health care expenditure coupled with advancements in healthcare infrastructure aid to the market growth in this region.  Moreover, rapidly improving healthcare facilities and rising economic growth are the factors that are positively impacting the Blood Warmer Devices market growth.

Blood Warmer Devices Market Segment Analysis Drivers

Increasing number of Surgeries:

The demand for blood warmer devices is being driven by factors such as an increase in the number of surgeries and emergency cases, an increase in the burden of hypothermia cases, and an increase in the geriatric and infant population. The demand is significantly growing due to an increase in the number of surgeries and trauma cases. The rising number of surgeries is linked to an increase in dialysis adoption among medical patients in advanced stages of disease and disease complexity. According to a 2019 report released by the University of California San Francisco's Kidney Project, end-stage renal disease affects approximately 750,000 patients in the United States each year, with an estimated 2 million patients worldwide (ESRD), driving the introduction of dialysis machines and, in turn, the market for blood warmer products. Hypothermia raises the risk of complications during surgical procedures and takes a long time to recover from. As a result, it's important to keep the right temperature after surgery to speed up the healing process. As a result, the demand for blood warmer devices is expected to be driven by a rising emphasis on developing improved treatment options, as well as an increase in the number of hypothermia cases.

Blood Warmer Devices Market Segment Analysis - Challenges

Possibility of Excessive Heating:

The period that intravenous fluids or blood products are in contact with a regular fluid warmer determines its efficacy. Heating blood should not exceed to certain temperature as it results in Hemolysis of red blood cells or damage of red blood cells owing to the disruption of the membrane integrity of red blood cells. Since heat is lost along the intravenous tubing between the warmer and the infant until the fluid reaches the child's body, the fluid warmer does not contribute significant heat transfer with slow intravenous fluid therapy. Warming intravenous fluid during maintenance therapy is ineffective at regulating temperature. Moreover, the heat loss after exiting the device is greater with the dry-heat plate warming system, particularly at low flow rates (2 to 15-20 ml/ min), resulting in the lowest temperatures at the measurement point. After the warmer, a bubble trap is used in the dry-heat plate warmer system.

Blood Warmer Devices Market Segment Landscape:

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Blood Warmer Devices Market. Blood Warmer Devices Market top 10 companies are Geratherm Medical AG, SARSTEDT AG & Co. KG, General Electric, Barkey, Stryker, 3M, BD, Stihler Electronic GmbH, Smiths Medical AG, Belmont Instrument, LLC.

Acquisitions/Product Launches:

In 2020, SARSTEDT, a provider of medical and scientific consumables and instruments has completed acquisition of 80% stake in Timedico, a company that designs and markets a one-touch blood sample transportation system

Related Reports:            

Blood Warmer Devices/Sample Warmer Forecast (2019-2024)

Report Code: HCR 67314

Blood and Fluid Warming Devices Market Forecast (2019-2024)

Report Code: HCR 0041

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