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Global Blood Warmer Devices Market Analysis & Evolving Opportunities Studied for the Period Until 2026

Dec 20th 2018 at 6:35 AM

A new report titled “Global Blood Warmer Devices Market Analysis & Evolving Opportunities Studied for the Period Until 2026” has been included in the enormous research repository of Market Research Reports Search Engine (MRRSE) that compiles various facets of the Blood Warmer Devices Market at a global level portraying a holistic analysis of the marketplace along with intelligence on key participants. The report covers an unbiased analysis on various market aspects, emphasizing major trends giving direction to the market, key opportunities paving new growth avenues, key drivers pushing the market’s growth and challenges and restraints hindering the market for Blood Warmer Devices Market across the globe.

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Long exposure to cold temperature can result in hypothermia condition in which the body temperature drops. Hypothermia increases the risk during surgeries and it also takes a long time to heal. Hence, maintaining the proper temperature is important in order to accelerate the healing process after surgery. Therefore, hospitals are adopting blood warmer devices on a large scale to maintain the body temperature. Blood warming devices are generally used to warm blood before transfusion of blood to a patient. These devices help in maintaining normal body temperature and also helps in avoiding hypothermia.

Manufacturers are focusing on developing portable blood warmer devices for both big and mid-sized hospitals and care units. To maintain market share and earn better profits, leading players are also increasingly entering into a partnership to develop innovative product and enter into new untapped regions. The increase in complications due to the complex surgeries is resulting in the growing demand for disposable blood warmer devices. The disposable blood warming devices include heating pads, heat bands, and blankets. These devices also offer better results and are also cost-effective. The increasing trend of the point of care treatment and home care system is fueling the demand for blood warming devices that are disposable.

As per the report compiled by Market Research Reports Search Engine (MRRSE), the global blood warmer devices market is likely to experience steady growth. By 2026 end, the market is projected to reach US$ 223.5 million revenue. Various factors are restricting the growth of the global market such as strict regulations by the government in various countries associated with the efficacy and safety of the blood warmer devices, low awareness about the use of blood warmer devices, especially in developing countries, and high cost for R&D of the advanced blood warmer devices.

Compared to the various blood warmer devices, surface warming system is likely to emerge as one of the top-selling products. Surface warming system is projected to gain more than half of the revenue share by 2018 end. Meanwhile, intravenous warming system is also likely to witness strong growth during 2018-2026.

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Hospitals are anticipated to emerge as one of the largest users of the blood warmer devices. Hospitals are projected to create an incremental opportunity of more than US$ 50 million between 2018 and 2026. Although, blood banks are also likely to witness growth during 2018-2026.

Application of blood warmer devices is likely to be highest in the preoperative care. By 2026 end, preoperative care is projected to reach close to US$ 100 million revenue. Meanwhile, application of blood warmer devices is also anticipated to witness growth in the new born care.

North America is likely to witness the highest growth in the global market for blood warmer devices. Owing to the rise in a number of surgeries, growing cases of hypothermia among infant and geriatric population, increasing number of people suffering from diabetes and thyroid, and rise in the consumption of abusive drugs leading to the various health risks are some of the factors fueling the demand for blood warmer devices in North America.

The leading players in the global market for blood warmer devices are Smiths Medical 3M Company, The 37 Company, Emit Corporation, GE Healthcare, Stryker Corporation, Barkey GmbH & Co. KG, Geratherm Medical, Stihler Electronic GmbH, Belmont Instrument, Biegler GmbH, Baxter International Inc. (Gambro), and Keewell Medical Technology Co. Ltd.

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