The market for blood warmers is expected to grow at a CAGR of around 8.5% from 2020 to 2027 and expected to reach the market value of around US$ 1,539.3 Mn by 2027.
Blood warmer is a therapeutic device used by healthcare providers for warming fluids, colloid, blood product, or crystalloid, before transferring into a person's body. This can prevent hypothermia or growing cases of trauma. Moreover, blood is refrigerated for the preservation of the cells and it becomes essential to warm it at an appropriate temperature not only to prevent hypothermia but also to prevent hemolysis, or breakdown of the blood cells.
Market Dynamics
The rising surgical procedures across the globe and the growing incidence of road accident fatalities are driving the demand for blood warmer across the globe. The increasing traffic and rapid urbanization are bolstering the number of serious accidents, especially in developing economies without proper traffic rules. The rising demand for blood/IV warmers from ambulatory services and military/defense sectors is further bolstering the market value. The increasing demand for portable blood warners is additionally bolstering the market growth. Furthermore, the advancements in the device feature by the major manufacturers in order to provide more potential devices to the end-user.
On the other side, the risk of hemolysis and/or decreased infusion rate in older devices is likely to hinder the growth over the forecast period from 2020 to 2027.
Covid-19 Impact on the Market
The emergence of the global pandemic has badly impacted most of the operations in almost every industrial sector, due to its serious risk associated with the lives of human beings. Governments across the globe have announced nationwide lockdowns which have disrupted the supply chains and man-involved operations. However, the blood warmers market has not experienced much de-growth as the people affected with the corona virus required plasma and or blood which help in the continuous demand for blood warmers across the globe.
Segment Instance of Global Blood Warmers Market
Stationary segment by modality led the market in 2019
Based on modality, stationary or non-portable blood warmer devices are leading the market with maximum revenue share (%) due to their age-old presence and usage in the existence in the traditional facilities is contributing to their dominance. Additionally, portable blood warmers are likely to accelerate at a significant pace in near future due to their easy to use nature and portability.
North America accounted for the maximum revenue share in 2019
North America accounted for the maximum revenue share in the blood warmers market and the region is also projected to maintain its dominance over the forecast period from 2020 to 2027. The major economy of the region US is accounted for the maximum revenue share in the regional market. The well-established healthcare infrastructure and bolstering medical tourism in the region are supporting the regional market dominance. The rapidly increasing number of patients with chronic diseases is another factor propelling the regional market value.
Asia Pacific is projected to exhibit fastest growth over the forecast period from 2020 to 2027
Asia Pacific is projected to experience the fastest growth over the forecast period from 2020 to 2027. The developing economies of the region are majorly contributing to the regional market value. The increasing number of advanced healthcare facilities along with the expanding solutions in the existing facilities of the developing economies of the region is further boosting the regional market value. Moreover, the increasing spending power of people is creating opportunities that are attracting global players in the regional market.
Key Market Players
The players profiled in the report include 3M, Barkey, Belmont Instrument, LLC, Carefusion, Celsius Medical, EMIT Corporation, General Electric Company, Geratherm Medical AG, Keewell Medical Distribution Channel Co., Ltd., QinFlow Ltd, Smiths Medical, Stihler Electronic GmbH, and Vyaire Medical Inc.
Market Segmentation
Market By Type
Systems
• Dry Heat Plate Warmers
• Intravenous Fluid Tube Warmers
Accessories
Market By Modality
Portable
Stationary
Market By Distribution Channel
Hospitals & Clinics
Ambulatory Surgical Centers
Blood Banks & Transfusion Centers
Tissue Banks
Home Care
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Blood Warmers
1.1. Definition and Scope
1.1.1. Definition of Blood Warmers
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Blood Warmers Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Blood Warmers Market By Type
1.2.3. Blood Warmers Market By Modality
1.2.4. Blood Warmers Market By Distribution Channel
1.2.5. Blood Warmers Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Blood Warmers Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Blood Warmers Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Blood Warmers Major Manufacturers in 2019
CHAPTER 5. Blood Warmers Market By Type
5.1. Introduction
5.2. Blood Warmers Revenue By Type
5.2.1. Blood Warmers Revenue (US$ Mn) and Forecast, By Type, 2016-2027
5.2.2. Systems
5.2.2.1. Systems Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.1.1. Dry Heat Plate Warmers
5.2.2.1.1.1. Dry Heat Plate Warmers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.2.1.2. Intravenous Fluid Tube Warmers
5.2.2.1.2.1. Intravenous Fluid Tube Warmers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Accessories
5.2.3.1. Accessories Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Blood Warmers Market Revenue By Modality
6.1. Introduction
6.2. Blood Warmers Revenue (US$ Mn) By Modality
6.2.1. Blood Warmers Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
6.2.2. Portable
6.2.2.1. Portable Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Stationary
6.2.3.1. Stationary Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Blood Warmers Market By Distribution Channel
7.1. Introduction
7.2. Blood Warmers Revenue (US$ Mn) By Distribution Channel
7.2.1. Blood Warmers Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
7.2.2. Hospitals & Clinics
7.2.2.1. Hospitals & Clinics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Ambulatory Surgical Centers
7.2.3.1. Ambulatory Surgical Centers
7.2.4. Blood Banks & Transfusion Centers
7.2.4.1. Blood Banks & Transfusion Centers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Tissue Banks
7.2.5.1. Tissue Banks Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.6. Home Care
7.2.6.1. Home Care Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Blood Warmers Market By Country
8.1. North America Blood Warmers Overview
8.2. U.S.
8.2.1. U.S. Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.2.2. U.S. Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
8.2.3. U.S. Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
8.3. Canada
8.3.1. Canada Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.3.2. Canada Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
8.3.3. Canada Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Blood Warmers Market By Country
9.1. Europe Blood Warmers Market Overview
9.2. U.K.
9.2.1. U.K. Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.2.2. U.K. Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.2.3. U.K. Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.3. Germany
9.3.1. Germany Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.3.2. Germany Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.3.3. Germany Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.4. France
9.4.1. France Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.4.2. France Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.4.3. France Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.5. Spain
9.5.1. Spain Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.5.2. Spain Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.5.3. Spain Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.6.2. Rest of Europe Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016-2027
9.6.3. Rest of Europe Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Blood Warmers Market By Country
10.1. Asia Pacific Blood Warmers Market Overview
10.2. China
10.2.1. China Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.2.2. China Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.2.3. China Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.3. Japan
10.3.1. Japan Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.3.2. Japan Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.3.3. Japan Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.4. India
10.4.1. India Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.4.2. India Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.4.3. India Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.5. Australia
10.5.1. Australia Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.5.2. Australia Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.5.3. Australia Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.6.2. South Korea Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.6.3. South Korea Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
10.7.3. Rest of Asia-Pacific Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Blood Warmers Market By Country
11.1. Latin America Blood Warmers Market Overview
11.2. Brazil
11.2.1. Brazil Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.2.2. Brazil Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
11.2.3. Brazil Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.3.2. Mexico Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
11.3.3. Mexico Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.4.2. Rest of Latin America Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
11.4.3. Rest of Latin America Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
CHAPTER 12. Middle East & Africa Blood Warmers Market By Country
12.1. Middle East & Africa Blood Warmers Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.2.2. Saudi Arabia Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
12.2.3. Saudi Arabia Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
12.3. UAE
12.3.1. UAE Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.3.2. UAE Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
12.3.3. UAE Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Blood Warmers Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Blood Warmers Market Revenue (US$ Mn) and Forecast By Modality, 2016 - 2027
12.4.3. Rest of Middle East & Africa Blood Warmers Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
CHAPTER 13. Player Analysis Of Blood Warmers
13.1. Blood Warmers Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Blood Warmers Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. 3M
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. 3M 2019 Blood Warmers Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Barkey
14.3. Belmont Instrument, LLC
14.4. Carefusion
14.5. Celsius Medical
14.6. EMIT Corporation
14.7. General Electric Company
14.8. Geratherm Medical AG
14.9. Keewell Medical Distribution Channel Co., Ltd.
14.10. QinFlow Ltd
14.11. Smiths Medical
14.12. Stihler Electronic GmbH
14.13. Vyaire Medical Inc
14.14. Others
