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

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

Patient Warming Device is the devices have warm and heat functions used for patient. Anaesthetised patients can’t regulate their temperature the body’s physiological response to anaesthesia places virtually every anaesthetised surgical patient at risk for unintended hypothermia, regardless of age, sex or physical condition. Prevention of intraoperative hypothermia should be considered standard practice in all perioperative departments. This is particularly important for patients undergoing major surgery. Patient warming is not just about providing comfort. By maintaining normothermia throughout a medical procedure and hospital or clinical stay, medical professionals can enhance clinical outcomes, comply with regulatory agencies, and improve patient satisfaction.

Market Overview:

The latest research study on the global Patient Warming Device market finds that the global Patient Warming Device market reached a value of USD 2574.14 million in 2022. It’s expected that the market will achieve USD 4197.3 million by 2028, exhibiting a CAGR of 8.49% during the forecast period.

Drivers

The medical device market is one of the fastest growing market sectors in China with the industry maintaining double-digit growth for over a decade. In 2016, the medical device market reached $53.62 billion, an increase of 20.1 percent compared to 2015. 72.7% of this growth is fueled by hospital procurements. In 2016, China’s total health expenditure was USD 663 billion, and accounted for 6 percent of China’s GDP, which is a far lower percentage than countries like the U.S. (17 percent), Germany (11 percent), Canada (10 percent), and Japan (10 percent). Health expenditure is expected to increase to between 6.5-7 percent by 2020. Globally, the medical device market is approximately 42 percent the size of the pharmaceuticals market. In China, however, the percentage is much lower at approximately 14 percent. This demonstrates the significant growth potential of the sector. In 2016, the medical device market in China reached 53.62 billion USDs, an increase of 20.1 percent compared to 2015. 72.7% of this growth is fueled by hospital procurement.

The Indian medical device market is growing steadily. It was valued at US$3.5 billion in 2015 and could expand to approximately US $4.8 billion by 2019. As India's economic, healthcare, and social landscapes evolve, its medical device market emerges as a promising opportunity for foreign manufacturers.

India relies on imports to supply its healthcare system with medical technology. The medical tourism and luxury healthcare markets are among India's fastestgrowing industries, which create significant demand for specialized, high-tech medical equipment. There is consistent demand for surgical instruments, cancer diagnostics, orthopedic and prosthetic equipment, imaging, orthodontic and dental implants, and electro medical equipment.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

3M Healthcare is one of the major players operating in the Patient Warming Device market, holding a share of 17.57% in 2018.

3M Company operates as a diversified technology company worldwide. The company’s Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products. Its Safety and Graphics Business segment provides personal protection products, transportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules for asphalt shingles, and fall protection products. The company’s Health Care segment offers medical and surgical supplies, skin health and infection prevention products, inhalation and transdermal drug delivery systems, dental and orthodontic products, health information systems, and food safety products.

C. R. Bard, Inc. designs, manufactures, packages, distributes, and sells medical, surgical, diagnostic, and patient care devices worldwide. The company offers vascular products, such as percutaneous transluminal angioplasty catheters, chronic total occlusion catheters, guidewires, fabrics, meshes, introducers, and accessories; valvuloplasty balloons; peripheral vascular stents, self-expanding and balloon-expandable covered stents, and vascular grafts; vena cava filters; biopsy devices; and invasive devices for treating peripheral vascular and end-stage renal diseases.

Segmentation Overview:

Among different product types, Electromagnetic Heating segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Hospital segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Patient Warming Device market covered in Chapter 3:

Inspiration Healthcare
Medtronic
GE Healthcare
C.R. Bard
Cincinnati Sub-Zero (CSZ)
Stryker
Halyard Health
Barkey GmbH & Co. KG
NOVAMED USA
Smiths Medical
ZOLL Medical
3M Healthcare
Geratherm Medical

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

Electromagnetic Heating
Infrared Heating
Resistance Heating

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

Hospital
Clinic
Home

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)