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Blood and Fluid Warming System Market Will Generate Massive Revenue In Future - A Comprehensive Study On Key Players | Smiths Medical, 3M Company, CareFusion, Becton,

06-13-2022 09:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Blood and Fluid Warming System

Blood and Fluid Warming System

Blood And Fluid Warming System Market To Witness Robust Growth Due To Increasing Prevalence Of Hypothermia In Cold Regions

Overview:

Most blood warming devices use temperatures of 43degC or lower. However, it is possible to use them at temperatures of up to 46degC without causing haemolysis. A blood warmer is a device that heats blood to the proper temperature and prevents hypothermia during transfusions. Whether it is for a surgical procedure or an emergency situation, blood warming devices are indispensable in hospitals. The primary advantage of these medical devices is the fact that they are fast and efficient. Regardless of the type of blood warming device used, the most important feature of an optimal device is its ability to warm blood from 4°C to 32°C in a relatively short time.

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Market Dynamics:

Prevalence of hypothermia in cold regions is increasing, which is expected to drive growth of the global blood and fluid warming system market over the forecast period. Hypothermia often occurs in cold region and commonly affects infant and geriatric population. For instance, according to the Center for Disease Control and Prevention (CDC), the mortality rated due to hypothermia was higher in rural cold regions in the U.S. during 2018 to 2020, and the mortality rate among women increased from 0.11 per 100,000 residing in big central metro regions to 0.40 per 100,000 in rural regions.

However, stringent government regulations regarding efficacy and safety of these devices and lack of awareness about blood and fluid warming devices is expected to hamper growth of the global blood and fluid warming system market over the forecast period.

Impact of COVID-19:

The COVID-19 pandemic impacted several industries. After the outbreak of virus many countries implemented nationwide lockdown and closed down borders to prevent further spread of the virus. This disrupted various market activities all over the world. Due to disruption in market activities, production rate of products declined during the pandemic, and the demand also decreased. This negatively affected growth of various markets including the one in discussion. However, lockdown situation going back to regular is expected to support the market growth.

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Key Takeaways:

• The global blood and fluid warming system market is estimated to grow over the forecast period due to rise in surgical procedures coupled with geriatric population. For instance, according to the Eurostats, in 2018 there were at least 1.16 caesarean section surgical procedures performed in the EU.

• North America and Western Europe is anticipated to witness significant growth in the global blood and fluid warming system market over the forecast period. Growth of these regions can be attributed to rising adoption of blood and fluid warming devices due to high prevalence rate of hypothermia in both of these region.

• Major players functioning in the global blood and fluid warming system market are EMIT Corporation, Smiths Medical, GE Healthcare, 3M Company, Barkey GmbH, CareFusion, Meridian Medical Systems, Becton, Dickinson and Company, and The 37Company.

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About US:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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