What is the present valuation and projected CAGR of the blood and fluid warmer market?
The blood and fluid warmer market size has grown strongly in recent years. It will grow from $1.13 billion in 2024 to $1.23 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to stringent regulatory standards and guidelines regarding patient care, the economic benefits of reducing complications associated with hypothermia, growing awareness of complications linked to hypothermia, global aging population and the shift towards minimally invasive surgeries.
The blood and fluid warmer market size is expected to see strong growth in the next few years. It will grow to $1.71 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to growth in healthcare facilities, including hospitals and specialty clinics, the increase in trauma cases and emergency surgeries, supportive regulatory frameworks promoting the use of blood and fluid warmers, expansion of emergency medical services and ambulance fleets and heightened emphasis on improving patient outcomes. Major trends in the forecast period include integration of advanced features such as electronic controls, innovations in heating technologies and materials, miniaturization of devices, personalized medicine approaches, incorporation of telemedicine capabilities and remote monitoring functionalities.
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What key drivers have fueled the blood and fluid warmer market’s development over the years?
The rise in the number of surgical procedures is expected to propel the growth of the blood and fluid warmer market going forward. Surgical procedures involve medical interventions trained healthcare professionals perform to treat diseases, injuries, or deformities through incisions or minimally invasive techniques. The rise in surgical procedures is fueled by several factors, such as advancements in surgical techniques, increased access to healthcare services, aging populations requiring more medical interventions, and the expansion of specialized surgical procedures for complex conditions. Blood and fluid warmers are crucial in surgical procedures to maintain patient safety and optimize outcomes by preventing hypothermia and ensuring fluids are at ideal temperatures, enhancing surgical efficacy and recovery. For instance, in September 2022, according to the International Society of Aesthetic Plastic Surgery, a US-based non-profit organization for board-certified aesthetic plastic surgeons, there was approximately 11.2% overall increase in procedures performed by plastic surgeons in 2022, with more than 14.9 million surgical and 18.8 million non-surgical-procedures performed worldwide. Therefore, the rise in the number of surgical procedures is driving the growth of the blood and fluid warmer market.
What is the segmentation for the blood and fluid warmer market?
The blood and fluid warmer market covered in this report is segmented –
1) By Product: Patient Warming Accessories, Intravenous Warming System, Surface Warming System
2) By Application: Homecare, Acute Care, Newborn Care, Preoperative Care, Other Applications
3) By End-User: Clinics, Hospitals, Specialty Centers, Other End Users
Subsegments:
1) By Patient Warming Accessories: Warming Blankets, Warming Pads, Warming Jackets, Heat Retention Covers
2) By Intravenous Warming System: IV Fluid Warmers (Single-use), IV Fluid Warmers (Reusable), Portable IV Fluid Warmers, Automated IV Fluid Warmers
3) By Surface Warming System: Convective Warming Systems, Conductive Warming Systems, Heating Mattresses, Forced Air Warming Systems
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Who are the most influential companies in the blood and fluid warmer market?
Major companies operating in the blood and fluid warmer market are 3M Company, Stryker Corporation, Baxter International Inc., Ecolab Inc., ICU Medical Inc., Halyard Health, Vyaire Medical, Bio-x, EMIT Corporation, Belmont Instrument Corporation, Narang Medical Limited, Combat Medical Systems, Barkey GmbH & Co. KG, Stihler Electronic GmbH, Estill Medical Technologies, Enthermics Medical Systems, Biegler GmbH, Sino Medical-Device Technology Co. Ltd., Moeck and Moeck GmbH, Keewell Medical Technology Co. Ltd.
What are the top industry trends projected to impact the blood and fluid warmer market?
Major companies operating in the blood and fluid warmer market focus on developing advanced products, such as patented warming technology-based systems, to enhance efficiency and safety in medical settings and address the critical need for maintaining optimal fluid temperatures. Patented warming technology-based systems utilize innovative heating methods protected by patents to provide efficient and controlled warming for various applications, including medical devices, food preservation, and outdoor gear. For instance, in June 2024, MEQU A/S, a Denmark-based medical technology manufacturing company has obtained 510(k) approval from the US Food and Drug Administration (FDA) for its portable blood and IV-fluid warming device, the °M Warmer System. The °M Warmer can warm infusion fluids from cold to body temperature in under 10 seconds. The AC powered °M Station is an in-hospital power solution for the °M Warmer System, which can be used in emergency rooms, operating theatres, intensive care units, X-ray/CT scans, etc.
What are the major regional insights for the blood and fluid warmer market, and which region holds the top position?
Asia-Pacific was the largest region in the blood and fluid warmer market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the blood and fluid warmer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Blood And Fluid Warmer Market Report 2025 Offer?
The blood and fluid warmer market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A blood and fluid warmer is a medical device designed to heat blood, intravenous fluids, or other solutions before administering them to a patient. The primary purpose of this device is to prevent hypothermia and maintain normothermia during medical procedures, surgeries, or emergencies where large volumes of cold fluids or blood products are infused.
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