Global Blood and Fluid Warming Devices Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Blood and Fluid Warming Devices Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Blood and Fluid Warming Devices industry can be broken down into several segments, Portable, Stationary, etc.

Across the world, the major players cover 3M, Smiths Medical, Baxter International, GE Healthcare, Belmont Medical Technologies, Stryker, Barkey, The 37Company, Ace Medical, Stihler Electronic, etc.

Market Overview:

The latest research study on the global Blood and Fluid Warming Devices market finds that the global Blood and Fluid Warming Devices market reached a value of USD 534.85 million in 2022. It’s expected that the market will achieve USD 726.51 million by 2028, exhibiting a CAGR of 5.24% during the forecast period.

Market Risk

In many low-income areas, the economic development is lagging behind, the medical environment is poor, and there are not enough funds to purchase medical equipment. In addition, some medical personnel have insufficient knowledge of blood and liquid warming equipment, which has led to the lack of widespread use of blood and liquid warming equipment in many areas, especially in low-income areas. And for some poor areas, each hospital is equipped with warming equipment, which will increase the medical burden on patients. These reasons may limit the development of blood and fluid warming equipment in low-income areas.
Complications related to blood and fluid warming equipment may limit market growth. For example, some complications include risks such as hemolysis, sepsis, and reduced infusion rates. In addition, the materials of the heating equipment may cause some adverse effects on the blood and liquid. For example, aluminum may dissolve into the liquid from the warming device, thereby exposing the patient to unsafe aluminum levels and causing adverse effects on the patient's body.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are 3M, Smiths Medical, Baxter International with the revenue market share of 16.53%, 12.02% and 11.04% in 2019.

3M Company conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company businesses share technologies, manufacturing operations, marketing channels, and other resources. 3M serves customers worldwide.

Smiths Medical Inc. designs, manufactures, and distributes medical devices. The Company offers a range of infusion therapy products, including ambulatory infusion pumps, implantable access systems, dialysis, infusion catheters, needles, and insulin delivery systems.

Segmentation Overview:

Among different product types, Portable segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Operating Room segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Blood and Fluid Warming Devices market covered in Chapter 3:

The 37Company
Belmont Medical Technologies
Smiths Medical
Shenzhen Bestman Instarument
3M
Sino Medical-Device Technology
Stryker
Ace Medical
Barkey
Stihler Electronic
EMIT Corporation
Biegler
Foshan Keewell
GE Healthcare
Baxter International

In Chapter 4 and Chapter 14.2, on the basis of types, the Blood and Fluid Warming Devices market from 2018 to 2029 is primarily split into:

Portable
Stationary

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Blood and Fluid Warming Devices market from 2018 to 2029 covers:

Operating Room
Recovery Room (PACU)
Intensive Care
Emergency Room
Military Applications
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)