Blood Warmers Market by Product (Surface Warming System, Intravenous Warming System, Patient Warming Accessories), Application (Preoperative Care, New Born Care, Acute Care, Home Care), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: May, 2020
  • Report ID: 418331
  • Category: Healthcare
  • Pages: 229
$4700

The global blood warmers market is expected to grow from USD 755 million in 2019 to USD 1,376 million by 2027, at a CAGR of 7.8% during the forecast period 2020-2027.

When the body temperature drops below 35 degrees Celsius, due to long-term exposure to cold temperature, it results in a condition called Hypothermia. Blood warmers are instruments used to control the body temperature to bring it to be normal. Hypothermia poses several risks for the patients during surgeries and increases the time required for healing. Hence, the use of blood warmers become essential, especially in the areas with cold climate. Aged population and infants are more prone to the disease, along with the people suffering from diseases like diabetes, trauma, thyroid, and drug consumption. The blood warmer warms the blood before it is transfused to a patient. 

The rising prevalence of Hypothermia, especially in cold countries, is driving the growth of the market. With the rise in geriatric population across the globe, surgical procedures are also increasing, contributing to the growth of the market. The increase in incidences of other diseases thyroid, diabetes and rise in consumption of drugs is expected to drive the market growth. The lower awareness about the instrument in developing countries is expected to act as a restraint to market growth.

This study delivers a comprehensive analysis of products, applications, and regions. On the basis of products, the market can be divided into surface warming system, intravenous warming system and patient warming accessories. The surface warming system is expected to dominate the market and continue to increase its market share in the forecast period. The rising adoption of the surface warming system by developed countries is a significant factor contributing to the growth of the segment. On the basis of application, the market can be divided into preoperative care, newborn care, acute care and home care. The acute care segment is expected to dominate the market share with the rise in the ageing population with high prevalence of chronic diseases. 

The market for blood warmers has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is expected to dominate the market share and also account for the highest growth rate. The rising incidences of Hypothermia in the region, especially in the geriatric and infant population is expected to drive market growth. The number of people suffering from thyroid and diabetes due to the lifestyle changes of population is also expected to contribute to market growth in the region. The US is the leading country in the region contributing to market growth. The Asia-Pacific region is also expected to grow at a rapid pace with the presence of an enormous population demanding improved healthcare facilities. The increasing investments by the government in the healthcare sector in the region will also fuel the market growth.

Some of the leading players in the market include Becton, 3M Company, Dickinson and Company, CareFusion, Barkey GmbH, GE Healthcare, Meridian Medical Systems, Smiths Medical, EMIT Corporation, and The 37Company. The players focus on product innovations and competitive pricing along with measures to increase market share. 

Global Blood Warmers Market Analysis And Forecast, By Product

  • Surface Warming System
  • Intravenous Warming System
  • Patient Warming Accessories

Global Blood Warmers Market Analysis And Forecast, By Application

  • Preoperative Care
  • New Born Care
  • Acute Care
  • Home Care

Global Blood Warmers Market Analysis And Forecast, By Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    • UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    • South Africa
    • Rest Of MEA

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Product
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restrains
    5.4. Opportunities
    5.5. Challenges
6. Global Blood Warmers Market Analysis and Forecast, By Product
    6.1. Segment Overview
    6.2. Surface Warming System
    6.3. Intravenous Warming System
    6.4. Patient Warming Accessories
7. Global Blood Warmers Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Preoperative Care
    7.3. New Born Care
    7.4. Acute Care
    7.5. Home Care
8. Global Blood Warmers Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
9. Global Blood Warmers Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Blood Warmers Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
10. Company Profiles
    10.1. Becton
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. 3M Company
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Dickinson and Company
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. CareFusion
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Barkey GmbH
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. GE Healthcare
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Meridian Medical Systems
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Smiths Medical
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. EMIT Corporation
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis

List of Table

1. Global Blood Warmers Market, By Product, 2017–2027(USD Million)   

2. Global Surface Warming System Market, By Region, 2017–2027(USD Million)   

3. Global Intravenous Warming System, By Region, 2017–2027(USD Million)   

4. Global Patient Warming Accessories Market, By Form, 2017–2027(USD Million)   

5. Global Blood Warmers Market, By Application, 2017–2027(USD Million)   

6. Global Preoperative Care Blood Warmers Market, By Region, 2017–2027(USD Million)   

7. Global New Born Care Ingredient Market, By Region, 2017–2027(USD Million)   

8. Global Acute Care Ingredient Market, By Region, 2017–2027(USD Million)   

9. Global Home Care Ingredient Market, By Region, 2017–2027(USD Million)   

10. Global Blood Warmers Market, By North America, 2017–2027(USD Million)  

11. North America Blood Warmers Market, By Product, 2017–2027(USD Million)  

12. North America Blood Warmers Market, By Application, 2017–2027(USD Million)  

13. U.S. Blood Warmers Market, By Product, 2017–2027(USD Million)  

14. U.S. Blood Warmers Market, By Application, 2017–2027(USD Million)  

15. Canada Blood Warmers Market, By Product, 2017–2027(USD Million)  

16. Canada Blood Warmers Market, By Application, 2017–2027(USD Million)  

17. Mexico Blood Warmers Market, By Product, 2017–2027(USD Million)  

18. Mexico Blood Warmers Market, By Application, 2017–2027(USD Million)  

19. Europe Blood Warmers Market, By Product, 2017–2027(USD Million)  

20. Europe Blood Warmers Market, By Application, 2017–2027(USD Million)  

21. Germany Blood Warmers Market, By Product, 2017–2027(USD Million)  

22. Germany Blood Warmers Market, By Application, 2017–2027(USD Million)  

23. France Blood Warmers Market, By Product, 2017–2027(USD Million)  

24. France Blood Warmers Market, By Application, 2017–2027(USD Million)  

25. U.K. Blood Warmers Market, By Product, 2017–2027(USD Million)  

26. U.K. Blood Warmers Market, By Application, 2017–2027(USD Million)  

27. Italy Blood Warmers Market, By Product, 2017–2027(USD Million)  

28. Italy Blood Warmers Market, By Application, 2017–2027(USD Million)  

29. Spain Blood Warmers Market, By Product, 2017–2027(USD Million)  

30. Spain Blood Warmers Market, By Application, 2017–2027(USD Million)  

31. Asia Pacific Blood Warmers Market, By Product, 2017–2027(USD Million)  

32. Asia Pacific Blood Warmers Market, By Application, 2017–2027(USD Million)  

33. Japan Blood Warmers Market, By Product, 2017–2027(USD Million)  

34. Japan Blood Warmers Market, By Application, 2017–2027(USD Million)  

35. China Blood Warmers Market, By Product, 2017–2027(USD Million)  

36. China Blood Warmers Market, By Application, 2017–2027(USD Million)  

37. India Blood Warmers Market, By Product, 2017–2027(USD Million)  

38. India Blood Warmers Market, By Application, 2017–2027(USD Million)  

39. South America Blood Warmers Market, By Product, 2017–2027(USD Million)  

40. South America Blood Warmers Market, By Application, 2017–2027(USD Million)  

41. Brazil Blood Warmers Market, By Product, 2017–2027(USD Million)  

42. Brazil Blood Warmers Market, By Application, 2017–2027(USD Million)  

43. Middle East and Africa Blood Warmers Market, By Product, 2017–2027(USD Million)  

44. Middle East and Africa Blood Warmers Market, By Application, 2017–2027(USD Million)  

45. UAE Blood Warmers Market, By Product, 2017–2027(USD Million)  

46. UAE Blood Warmers Market, By Application, 2017–2027(USD Million)  

47. South Africa Blood Warmers Market, By Product, 2017–2027(USD Million)  

48. South Africa Blood Warmers Market, By Application, 2017–2027(USD Million)  

 

List of Figures 

1. Global Blood Warmers Market Segmentation

2. Blood Warmers Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Blood Warmers Market Attractiveness Analysis By Product

9. Global Blood Warmers Market Attractiveness Analysis By Application

10. Global Blood Warmers Market Attractiveness Analysis By Region

11. Global Blood Warmers Market: Dynamics

12. Global Blood Warmers Market Share By Product (2019 & 2027)

13. Global Blood Warmers Market Share By Application (2019 & 2027)

14. Global Blood Warmers Market Share by Regions (2019 & 2027)

15. Global Blood Warmers Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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