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Blood Warmer Market Size

Report ID: GMI6158
Published Date: Jul 2023
Report Format: PDF

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Blood Warmer Market Size

Blood Warmer Market size was valued at over USD 1.2 billion in 2022 and is projected to reach more than USD 2.5 billion by 2032.

Blood Warmer Market

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Blood warmers, also known as blood warming devices or blood temperature management systems, are medical devices used to warm blood or other intravenous fluids before they are administered to patients. The purpose of blood warmers is to ensure that the fluid being infused into the patient's body is at a safe and appropriate temperature, typically around body temperature (37°C or 98.6°F). Additionally, the use of blood warmers offers several benefits, such as improved patient outcomes, reduced risk of complications associated with cold blood transfusion, and enhanced patient comfort during procedures, thereby increasing adoption rate, hence, stimulating market trends.

Blood Warmer Market Report Attributes
Report Attribute	Details
Base Year:	2022
Blood Warmer Market Size in 2022:	USD 1.2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.3%
2032 Value Projection:	USD 2.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	215
Tables, Charts & Figures:	361
Segments covered:	Type, Application, End-use and Region
Growth Drivers:	Increasing number of surgeries and trauma cases Increasing demand for portable blood/Iv fluid warmers Growing prevalence of hypothermia Advancement in blood warmer devices
Pitfalls & Challenges:	Stringent regulatory framework Low market penetration in emerging economies due to high cost

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Moreover, the rising number of surgeries and trauma cases is further augmenting the market expansion. For instance, according to the World Health Organization (WHO) estimates, road traffic accidents diminish lives of approximately 1.3 million people, annually. In addition, on an average 30 million more injuries that are non-fatal occur every year, with many of these injuries leading to disabilities. Thus, the aforementioned factors are projected to accelerate industry demand.

Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

Blood warmer industry size was more than USD 1.2 billion in 2022 and is estimated to reach over USD 2.5 billion by 2032 owing to increasing adoption for improved patient outcomes, reduced complications risks, and enhanced patient comfort during procedures.

Demand for non-portable blood warmers is estimated to reach USD 673.9 million in 2022 and is expected to grow steadily through 2032 driven by the expanding geriatric population base and the rising hospital admission rates

Blood warmer market size from the acute care type segment is set to witness 7.5% CAGR from 2023-2032 due to the rising rates of mishaps, shootings, and other injuries.

North America held sizable share of the blood warmer industry in 2022 and is projected to expand at a robust CAGR from 2023 -2032 attributed to the strong presence of prominent players, significant government investments, and favorable reimbursement environment.