The blood and fluid warmer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Blood And Fluid Warmer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The blood and fluid warmer market size has grown strongly in recent years. It will grow from $1.04 billion in 2023 to $1.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. 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 $1.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. 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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Scope Of Blood And Fluid Warmer Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Blood And Fluid Warmer Market Overview
Market Drivers –
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.
Market Trends –
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 April 2021, MEQU, a Denmark-based medical technology manufacturer, launched the M Warmer System, a portable blood and IV fluid warming device adopted in the pre-hospital and military sectors. 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.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Blood And Fluid Warmer Market characterstics
3. Blood And Fluid Warmer Market Trends And Strategies
4. Blood And Fluid Warmer Market – Macro Economic Scenario
5. Global Blood And Fluid Warmer Market Size And Growth
…..
32. Global Blood And Fluid Warmer Market Competitive Benchmarking
33. Global Blood And Fluid Warmer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Blood And Fluid Warmer Market
35. Blood And Fluid Warmer Market Future Outlook and Potential Analysis
36. Appendix
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