The Blood Warmer Devices Market is expected to reach USD 225.6 Million by 2022 from USD 150.4 Million in 2017, at a CAGR of 8.4%
Factors driving the growth of this market include the increasing burden of hypothermia cases, increasing number of surgeries, and growing number of trauma cases. According to a report published by Hospital Episode Statistics (HES) and the Health and Social Care Information Centre, the diagnosis rate of hypothermia in the UK increased significantly between 2005 and 2014. This will result in, increasing demand for blood warmer devices/sample warmers during the forecast period.
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The objectives of this study are as follows:
To define, describe, segment, and forecast the blood warmer devices market by sample type, end user, and region
To forecast revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
To identify the micromarkets with respect to drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the market
To analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market
Blood samples are estimated to account for the largest market share in 2017
By sample type, the Blood Warmer Devices Market is classified into blood samples and other samples. The blood samples segment is expected to lead the global Sample Warmer Devices Market in 2017. Factors driving the growth of this segment include the increasing demand for blood and blood products.
The hospital’s segment is expected to dominate the Sample Warmer Devices Market.
By end-user, the market is segmented into hospitals, blood banks & transfusion centers, and tissue banks. The hospital’s segment is expected to account for the largest share of the global Blood Warmer Devices Market in 2017. The rising number of blood transfusions and growing requirement of blood in surgical treatments which is a major factor responsible for the dominant share of this segment.
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North America is estimated to command the largest share of the market
Based on region, the Blood Warmer Devices Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is expected to dominate the Sample Warmer Devices Market. This is attributed to factors such as the increasing incidence of hypothermia, a growing volume of surgical procedures, and the increasing number of trauma cases of blood warmer devices/sample warmer products in the region as compared to other regions.
Key players in the Blood Warmer Devices Market include 3M (US), BD (US), The 37Company (Netherlands), Geratherm Medical (Germany), Stryker (US), Sarstedt (Germany), Barkey (Germany), Stihler Electronic (Germany), Belmont instrument (US), Biegler (Austria), and EMIT (US).