Blood/IV Warmers Market By Product Type (Portable, Non-Portable) , By Application (Surgery, Acute Care, New Born Care, Homecare) By End User (Hospitals and clinics, Ambulatory Surgical Centers, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Blood/IV Warmers Market
The blood/IV warmers market was valued at $1.2 billion in 2023 and is projected to reach $2.7 billion by 2033, growing at a CAGR of 8.3% from 2024 to 2033.
A blood/IV warmer is a medical equipment that heats up colloids, blood products, or other clinical fluids. The device is used to warm liquids before transfusion to ensure they correspond to the natural temperature of the body and do not cause post-transfusion problems. Blood/IV warmers can be passive, which use external heat sources such as water bath or active, which generate heat directly using electricity. Use of warmers is critical for the prevention of conditions such as hypothermia, arrythmia, and heart failure.
Increase in the prevalence of surgical procedures for the treatment of diverse health conditions has propelled the growth of the blood/IV warmers market as the device is essential to ensure desired outcomes of treatments. In addition, the advent of portable & battery-operated blood/IV warmers has augmented the development of the market significantly by enabling their utility in remote and military settings. A notable trend anticipated to dominate the market in coming years is the use of nanofluid technology for instant heating of fluids. Combining the fluids with nanoparticles such as aluminum oxide elevates their thermal conductivity, heat capacity, turbulence, and fluctuations; thereby accelerating the warming process.
However, lack of awareness regarding the importance of fluid or blood warming in small-scale and remote healthcare facilities limits the adoption of blood/IV warmers, hampering the market development. Furthermore, the use of warmers requires precision skills as overheating or underheating ruins the impact of fluids. Therefore, lack of professionals with adequate knowledge of using warmers restrains the growth of the market. On the contrary, rise in the prevalence of traumatic injuries is projected to present lucrative opportunities for the blood/IV warmers market. According to the Centers for Disease Control and Prevention, traumatic injuries are the fourth major reason for death across all age groups. Therefore, rise in surgical procedures to prevent these injuries is anticipated to open new avenues for the blood/IV warmers market.
Segment ReviewThe blood/IV warmers market is segmented into product type, application, end user, and region. On the basis of product type, the market is bifurcated into portable and non-portable. Depending on application, it is divided into surgery, acute care, new born care, and homecare. By end user, it is classified into hospitals & clinics, ambulatory surgical centers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of product type, the non-portable segment dominates the market share.
Depending on application, the surgery segment acquires a high stake in the market.
By end user, the hospitals & clinics segment accounts for a high market share.Region wise, North America is expected to be the highest revenue generator by 2033.
Competition AnalysisThe major players of the global blood/IV warmers market include Stryker Corporation, Gentherm Medical, Belmont Medical, 3M Company, ICU Medical Inc., Vyaire Medical, Inc., The Surgical Company, LLC, Life Warmer, MEQU, and Estill Medical Technologies, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy Product TypePortable
Non-Portable
By ApplicationSurgery
Acute Care
New Born Care
Homecare
By End UserHospitals and clinics
Ambulatory Surgical Centers
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market PlayersStryker Corporation.
Gentherm Medical
Belmont Medical
3M Company
ICU Medical Inc.
Vyaire Medical, Inc.
The Surgical Company, LLC
Life Warmer
MEQU
Estill Medical Technologies, Inc