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Blood Warmers Market Share Analysis, Size, Forecast Report 2024-2033
Blood Warmers Market
The Business Research Company offers in-depth market insights through Blood Warmers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The blood warmers market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rise in surgical procedures and trauma cases, awareness of hypothermia risks in healthcare settings, advancements in perioperative care practices, military and emergency medical services utilization, increased adoption in obstetrics and neonatal care.
The blood warmers market size is expected to see strongly grown in the next few years. It will grow to $1.74 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to growing demand in point-of-care settings, expansion of blood transfusion services, technological innovations enhancing device portability, integration into critical care protocols, global efforts to improve maternal and child health. Major trends in the forecast period include development of disposable warming sets, emphasis on energy-efficient solutions, technological innovations in warming mechanisms, increasing customization for various patient populations, regulatory compliance and standardization.
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Market Segmentation:
The blood warmers market covered in this report is segmented -
1) By Type: Portable blood warmers, Non-portable blood warmers
2) By Application: Surgery, Acute care, Newborn care, Homecare, Other Applications
3) By End-User: Hospitals Or Clinics, Ambulatory services, Defence forces, Rescue forces
Major Driver - Growing Number Of Surgeries To Drive Growth Of Blood Warmers Market
The growing number of surgeries, such as plastic surgeries, is expected to propel the growth of the blood-warmers market going forward. Surgery is a medical specialty and branch of medicine that involves invasive procedures to diagnose, treat, or repair various conditions, injuries, or diseases within the body. Blood warmers are essential medical devices used during surgery, including plastic surgeries, to maintain the proper temperature of blood and intravenous fluids, ensuring patient safety and reducing the risk of complications related to the surgeries. For instance, in April 2022, according to The Aesthetic Society, a US-based non-profit organization, in 2021, surgical procedures saw a remarkable 54% increase, with 365,000 breast augmentations performed. Plastic surgeons, on average, performed 320 procedures in 2021, a significant rise from the 220 in 2020. Therefore, the growing number of surgeries is driving the growth of the blood-warmers market.
Competitive Landscape:
Major companies operating in the blood warmers market report are 3M Company, Kimberly-Clark, Becton, Dickinson and Company (BD), Stryker Corporation, GE Healthcare, Grifols S.A, ICU Medical, Gentherm Medical, SARSTEDT AG & Co. KG, Vyaire Medical Inc., Meridian Medical Technologies , Mennen Medical, QED Medical, MTRE Advanced Technologies Ltd., Sino Medical-Device Technology Co. Ltd., Geratherm Medical AG, Paragon Medical, EMIT Corporation, Belmont Medical, Estill Medical Technologies Inc., The Surgical Company PTM, Smisson-Cartledge Biomedical, Barkey GmbH & Co. KG, Thermal Angel, Enthermics Medical Systems
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Top Trend - Increasing Focus On The Development Of Innovative Solutions In Blood Warmers With Warming Technology To Drive Revenues In The Market
Major companies operating in the blood-warmers market are developing innovative products such as M Station with warming technology to drive revenues in the market. M Station with warming technology facilitates uninterrupted transfusions, seamlessly and enhances patient care, reduces the adverse effects of severe bleeding and hypothermia, and offers a more efficient and flexible alternative to standard stationary warming systems. For instance, in April 2021, MEQU, a Denmark-based medical devices company, introduced a new in-hospital solution called M Station for its acclaimed blood and IV fluid warming device. The portable M Warmer System employs patented warming technology to heat infusion fluids from cold to body temperature in under 10 seconds. The AC-powered M Station is designed for in-hospital use, making it ideal for emergency rooms, operating theaters, intensive care units, and other medical settings. Additionally, this innovative solution ensures a quick and error-free setup, enabling healthcare providers to administer warm fluids swiftly and safely to patients.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Blood Warmers Market Characteristics
3. Blood Warmers Market Trends And Strategies
4. Blood Warmers Market - Macro Economic Scenario
5. Blood Warmers Market Size And Growth
…..
27. Blood Warmers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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