According to a new report published by UnivDatos Markets Insights, the Blood Warmer Devices Market is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Product Type (Portable Blood Warmers and Non-Portable Blood Warmers); End-users (Hospitals/Clinics, Ambulatory Services, and Others); Region/Country.
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The blood warmer devices market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the blood warmer devices market. The blood warmer devices market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the blood warmer devices market at the global and regional levels.
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Market Overview
A blood warmer is used to warm blood or other fluids, minimizing the risk of hypothermia. Blood is kept refrigerated for the preservation of the cells. It is essential to warm it to an appropriate temperature not only to prevent hypothermia but also to prevent hemolysis, or the breakdown of the blood cells. The increasing number of surgeries, trauma cases, and rising geriatric and infant population are the major factors driving the growth of the market. For instance, as per the Eurostat, at least 1.12 million cesarean sections were performed in the EU in 2020. Furthermore, the technical advances in blood warmer devices are also responsible for a significant market share of blood warmer devices.
Factors such as rapid technological advancement and higher prevalence of chronic diseases are important factors responsible for the market growth of the blood warmer market.
Some of the major players operating in the market include Some of the major players operating in the market include Stryker, Gentherm, Belmont Medical Technology, 3M, ICU Medical, Vyaire Medical Inc., The Surgical Company, Life Warmer, MEQU, and Estill Medical Technologies Inc.
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COVID-19 Impact
COVID-19 has a staggering effect and a negative impact on the global economy due to imposed lockdowns and government restrictions. However, the market for blood warmers was not much affected by the pandemic. This mainly owing to the increase in severe cases of COVID-19 which has fueled the ICUs globally and the requirement for blood transfusion & fluids also increased.
· Based on the product type, the market has been categorized into portable blood warmers and non-portable blood warmers. Among them, the portable blood warmer segment is expected to grow with a higher CAGR during the market. The increasing demand for portable blood warmers from remote clinics and emergency centers is also expected to the segment growth. Furthermore, the rising number of accidents along with the increasing number of diseases also augments the growth of the segment in the market.
· Based on the end-user, the market has been categorized into hospitals/clinics, ambulatory services, and others. Among them, the hospitals and private clinics segment hold a considerable share of the market. Hospitals and clinics deal with a large pool of patients, and the rising number of surgeries in hospitals is an important factor affecting the segmental growth of blood warmer devices.
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Blood Warmer Devices Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America is anticipated to hold a considerable market share during the forecast period. The major factors such as the higher investment in research & development and the presence of well-established healthcare infrastructure in the region. For instance, the United States’ investments in R&D increased by 13% in 2020 in comparison with 2018 which accounted for US$ 5,86,959 in 2018 and reached US$ 6,64,058 in 2020.
The major players targeting the market include
· Stryker
· Gentherm
· Belmont Medical Technology
· 3M
· ICU Medical
· Vyaire Medical Inc.
· The Surgical Company
· Life Warmer
· MEQU
· Estill Medical Technologies Inc
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Blood Warmer Devices market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the blood warmer devices market?
• Which factors are influencing the blood warmer devices market over the forecast period?
• What are the global challenges, threats, and risks in the blood warmer devices market?
• Which factors are propelling and restraining the blood warmer devices market?
• What are the demanding global regions of the blood warmer devices market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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