Wilmington, Delaware, United States, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The blood & fluid warmer market was worth US$ 1.1 billion in 2022. By 2031, the market is expected to reach US$ 2.3 billion and expand at an 8.1% CAGR during the forecast period. Technology advances will continue to lead to better, more user-friendly blood, and fluid warmers. Enhancing safety features, interfacing with digital health systems, and improving algorithms for temperature control are all potential areas of improvement.
Blood and fluid warmers are becoming portable, which makes them more convenient to use in a variety of healthcare environments, such as field hospitals and ambulances. When emergency or trauma situations arise, portability is especially important.
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As patient monitoring and management systems become more sophisticated, blood and fluid warmers may become more integrated. In addition to improving overall healthcare efficiency and streamlining data collection, this integration can improve patient outcomes. Energy-efficient blood warmers may be designed in the future with a growing focus on sustainability in healthcare. Intelligent power management systems and advanced materials could be used.
Global Blood & Fluid Warmers Market: Key Players
Market players are strengthening their positions by launching new products, merging, partnering, and collaborating.
- Compression Solutions
- Belmont Instrument Corporation
- Stryker Corporation
- 3M
- Smiths Medical
- Enthermics Medical Systems
- Barkey GmbH & Co. KG
- Stihler Electronic GmbH
- Sarstedt AG & Co. KG:
- GENTHERM
Key Findings of the Market Report
- The intravascular warming systems segment held the largest market share in 2022.
- Based on application, the surgery segment will dominate the global blood & fluid warmers market in the coming years.
- In terms of end-users, hospitals, and clinics led the global blood & fluid warmers market in 2022.
- The blood & fluid warmers market in North America is predicted to dominate the global market.
Global Blood & Fluid Warmers Market: Growth Drivers
- Surgical procedures often influence the need for blood and fluid warmers. Surgical equipment has become increasingly crucial to patient safety and recovery as the number of surgeries has increased. Healthcare providers are increasingly concerned about patient comfort and safety. Warmers for blood and fluids contribute to less hypothermia in patients and better outcomes.
- The market for blood and fluid warmers is often driven by advancements in medical technology. Innovative design, efficiency, and a user-friendly interface can inspire hospitals to seek out state-of-the-art equipment. With an aging population, medical interventions, such as surgeries, are more likely to be required. As a result of the possibility of temperature-related complications, warming devices can be especially important to older patients.
- The use of blood and fluid warmers is often necessary in trauma cases, such as accidents and emergencies. A temperature control system that is efficient and quick can drive the market in critical conditions. Blood and fluid warmers can be adopted because of stringent regulations and guidelines pertaining to patient safety and healthcare standards. For healthcare facilities, compliance with regulatory requirements may necessitate purchasing compliant equipment.
- As new healthcare facilities are built with the latest medical technologies, the market for blood and fluid warmers might grow. This is particularly true in emerging markets. The healthcare industry may be able to increase the adoption of blood and fluid warmers through educational initiatives that highlight their benefits. The market is likely to reward products offering high efficiency while being cost-effective. A healthcare provider often wants to purchase equipment that is both cost-effective and reliable.
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Global Blood & Fluid Warmers Market: Regional Landscape
- North America is expected to lead the market for blood & fluid warmers market. Rising surgical procedures are a major factor influencing the growth of the blood and fluid warmer market in North America. Patients' safety and comfort are a priority in North American healthcare systems.
- Rising healthcare infrastructure and well-developed hospitals and clinics are expected to drive demand in years to come. As technology advances and devices become more integrated with the latest technology, the market will be created. Advanced equipment like blood and fluid warmers are used in the region to provide high-quality healthcare.
- The healthcare equipment industry in North America is regulated strictly. Complying with these standards and adhering to standard practices can help blood and fluid warmers meet regulatory requirements. Emergency and trauma care settings are likely to have a high demand for blood and fluid warmers.
- Managing temperature effectively in critical situations requires equipment that may be purchased by healthcare facilities. Researchers and technologists in the healthcare sector are continuously developing new technologies to make blood and fluid warmers more effective and efficient.
Key Developments
- In June 2023, Bound Tree Medical, Inc. signed a distribution agreement for the Warriors line of blood and fluid warmers produced by QinFlow Inc. All EMS agencies across the country will be able to use the Warrior blood and fluid warmers.
Global Blood & Fluid Warmers Market: Segmentation
By Product Type
- Intravascular Warming Systems
- Surface Warming Systems
- Patient Warming Accessories
By Application
- Surgery
- Newborn Care
- Acute Care
- Homecare
- Others
By End User
- Hospitals/Clinics
- Ambulatory Services
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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