An Incisive, In-depth Analysis on the Blood Warmer Devices Market
This study offers a comprehensive, 360 degree analysis on the Blood Warmer Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Blood Warmer Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Long exposure to cold temperature can result in hypothermia condition in which the body temperature drops. Hypothermia increases the risk during surgeries and it also takes a long time to heal. Hence, maintaining the proper temperature is important in order to accelerate the healing process after surgery. Therefore, hospitals are adopting blood warmer devices on a large scale to maintain the body temperature. Blood warming devices are generally used to warm blood before transfusion of blood to a patient. These devices help in maintaining normal body temperature and also helps in avoiding hypothermia.
Manufacturers are focusing on developing portable blood warmer devices for both big and mid-sized hospitals and care units. To maintain market share and earn better profits, leading players are also increasingly entering into a partnership to develop innovative product and enter into new untapped regions. The increase in complications due to the complex surgeries is resulting in the growing demand for disposable blood warmer devices. The disposable blood warming devices include heating pads, heat bands, and blankets. These devices also offer better results and are also cost-effective. The increasing trend of the point of care treatment and home care system is fueling the demand for blood warming devices that are disposable.
As per the report compiled by Future Market Insights (FMI), the global blood warmer devices market is likely to experience steady growth. By 2026 end, the market is projected to reach US$ 223.5 million revenue. Various factors are restricting the growth of the global market such as strict regulations by the government in various countries associated with the efficacy and safety of the blood warmer devices, low awareness about the use of blood warmer devices, especially in developing countries, and high cost for R&D of the advanced blood warmer devices.
Surface Warming System- Top-Selling Product
Compared to the various blood warmer devices, surface warming system is likely to emerge as one of the top-selling products. Surface warming system is projected to gain more than half of the revenue share by 2017 end. Meanwhile, intravenous warming system is also likely to witness strong growth during 2017-2026.
Hospitals to be Among the Largest Users of the Blood Warmer Devices
Hospitals are anticipated to emerge as one of the largest users of the blood warmer devices. Hospitals are projected to create an incremental opportunity of more than US$ 50 million between 2017 and 2026. Although, blood banks are also likely to witness growth during 2017-2026.
Preoperative Care to Witness Robust Growth in the Global Market for Blood Warmer Devices
Application of blood warmer devices is likely to be highest in the preoperative care. By 2026 end, preoperative care is projected to reach close to US$ 100 million revenue. Meanwhile, application of blood warmer devices is also anticipated to witness growth in the new born care.
North America to be the Most Lucrative Market in the Global Market for Blood Warmer Devices
North America is likely to witness the highest growth in the global market for blood warmer devices. Owing to the rise in a number of surgeries, growing cases of hypothermia among infant and geriatric population, increasing number of people suffering from diabetes and thyroid, and rise in the consumption of abusive drugs leading to the various health risks are some of the factors fueling the demand for blood warmer devices in North America.
Competition Tracking
The leading players in the global market for blood warmer devices are Smiths Medical 3M Company, The 37 Company, Emit Corporation, GE Healthcare, Stryker Corporation, Barkey GmbH & Co. KG, Geratherm Medical, Stihler Electronic GmbH, Belmont Instrument, Biegler GmbH, Baxter International Inc. (Gambro), and Keewell Medical Technology Co. Ltd.
The latest report compiled by Future Market Insights (FMI) provides insights and segment-wise analysis on the global blood warmer devices market. The report titled ‘Blood Warmer Devices Market: Global Industry Analysis 2012-2016 & Opportunity Assessment 2017-2026,’ also offers detailed analysis on the factors contributing towards the market growth. The primary objective of the report is to provide market dynamics including trends, drivers, opportunities, and restraints for both service providers and manufacturers. The blood warmer devices market has been studied in detail and forecast on regional and global growth has been presented including revenue, market size, CAGR, etc. The report also offers information on the overall market growth and key industry developments.
The report provides an executive summary which is followed by the brief introduction of blood warmer devices. Along with the 360-degree view of the market, the report focuses on key industries and competitors in the global blood warmer devices market. The report offers numbers that are based on the historical data and the forecast period. Data provided in the report is based on various parameters playing a crucial role in the market development.
Considering the wide scope of the global blood warmer devices market, the report provides in-depth analysis and forecast on various segments. The global blood warmer devices market is segmented into product type, end user, application, and region. The segmentation also offers country-wise analysis and forecast on the basis of key parameters in the market.
Market Taxonomy
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Providing a detailed description of all the segments, the report also offers information on the stages through which the blood warmer devices passes before reaching the end user. These stages include raw material supplier, manufacturer, transportation, etc., although these stages differ depending on the product. All the key metrics including year-on-year growth, absolute dollar opportunity, CAGR, basis point share, revenue, and market attractiveness index has been provided in the report. Key trends in the report offer the clear picture on the market, latest developments, etc. The report also talks about the innovative technologies and advanced features in blood warmer devices.
The market attractiveness analysis gives an idea of the most dominating segment based on trends and forecast. The report also offers Porter’s five force analysis and SWOT analysis to determine a current scenario in the market.
Research Methodology
All the microeconomic and macroeconomic factors have been taken into account determine market numbers. The global blood warmer devices market size has been analysed with the help of primary and secondary research. In order to determine the market size, the revenue of all the key players currently active in the market has been benchmarked. Various factors were being considered to determine the market size during the forecast period 2017-2026. The report also offers vital information on the key market players based on various parameters such as financial overview, strategies, company overview, product portfolio, and new developments. These players are adopting various strategies in order to survive in the market and compete. The region-wise segmentation includes Europe, Latin America, North America, Japan, Asia Pacific Excluding Japan (APEJ), and the Middle East and Africa (MEA). Various tools have been used to validate the information and gather data and offer market insights on the global blood warmer devices market.
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