Blood Warmer Market Size - By Type (Portable Blood Warmer, Non-portable Blood Warmer), By Application (Surgery, Acute Care, Newborn Care, Homecare), By End-use (Hospitals/Clinic, Ambulatory Services, Defence Forces, Rescue Forces) - Global Forecast to 203
Blood Warmer Market Size - By Type (Portable Blood Warmer, Non-portable Blood Warmer), By Application (Surgery, Acute Care, Newborn Care, Homecare), By End-use (Hospitals/Clinic, Ambulatory Services, Defence Forces, Rescue Forces) - Global Forecast to 2032
Blood Warmer Market size is poised to exhibit 7.3% CAGR from 2023 to 2032 driven by the growing aging population worldwide. According to the WHO, the number of people aged above 60 years is anticipated to reach 2.1 billion by 2050. The global demographics shift towards older age structure has steered the higher demand for healthcare services and medical procedures, including surgeries and treatments requiring blood transfusions, further driving the product demand.
The blood warmer market is bifurcated based on type, application, end-use, and region.
With respect to type, the portable blood warmer market is anticipated to witness 7.6% CAGR from 2023-2032 propelled by increasing adoption by emergency medical services, military medical units, and ambulatory care settings. For instance, in December 2022, Belmont Medical Technologies, a leading manufacturer of patient temperature control systems donated 100 buddy lite® portable blood warmers along with 20 quick infusers to Ukraine to aid the recovery of individuals injured in the continuing conflict. Portable blood warmers also offer healthcare professionals the convenience and flexibility to warm blood and fluids at the point of care in emergency situations, surgeries, and field applications.
Blood warmer market size from the newborn care application segment is projected to record 7.2% growth rate through 2032. Newborns and infants are highly susceptible to temperature fluctuations and prompt the need for precise temperature management in neonatal care. In 2021, there were 383,979 preterm births in the U.S., accounting 10.5% of all live births. Such rising incidence of premature births coupled with the increasing focus on neonatal care will contribute to the industry expansion.
In terms of regional landscape, Asia Pacific held sizable share of the blood warmer market in 2022 and is set to expand at 8% growth rate through 2032. The ongoing healthcare infrastructure development, rising healthcare expenditure, and growing awareness of patient safety are expected to drive the demand for blood warmers in APAC. Additionally, the rising number of surgeries and the rapidly increasing aging population will boost the need for blood-warming equipment.