Colombia Blood Warmer Market Size & Outlook, 2023-2030
Colombia blood warmer market, 2018-2030 (US$M)
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Colombia blood warmer market highlights
- The Colombia blood warmer market generated a revenue of USD 13.0 million in 2023 and is expected to reach USD 22.9 million by 2030.
- The Colombia market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, non-portable blood warmers was the largest revenue generating product in 2023.
- Portable Blood Warmers is the most lucrative product segment registering the fastest growth during the forecast period.
Blood warmer market data book summary
| Market revenue in 2023 | USD 13.0 million |
| Market revenue in 2030 | USD 22.9 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Non-portable blood warmers |
| Fastest growing segment | Portable Blood Warmers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable Blood Warmers, Non-portable Blood Warmers |
| Key market players worldwide | Stryker Corp, Gentherm Inc Class A, 3M Co, ICU Medical Inc, Vyaire Medical, Belmont Medical Technologies, The Surgical Company, Life Warmer, Mequ, Estill Medical Technologies, Smisson-Cartledge Biomedical |
Other key industry trends
- In terms of revenue, Colombia accounted for 1.1% of the global blood warmer market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico blood warmer market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 28.5 million by 2030.
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Blood Warmer Market Scope
Blood Warmer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia blood warmer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blood warmer market will help companies and investors design strategic landscapes.
Non-portable blood warmers was the largest segment with a revenue share of 54.62% in 2023. Horizon Databook has segmented the Colombia blood warmer market based on portable blood warmers, non-portable blood warmers covering the revenue growth of each sub-segment from 2018 to 2030.
Limited availability of advanced healthcare facilities and declining healthcare expenditure by the government are among major factors restraining market growth in Colombia. For instance, according to OECD Health Statistics 2019, the healthcare expenditure in Colombia was around 7.2% in 2017, whereas it was around 7.4% in 2015.
In addition, lack of adequate number of hospitals & clinics in the country is considered a major restraining factor. These factors limit entry of key players, as the scope of growth is significantly low.
Furthermore, lack of skilled professionals and proper knowledge regarding technologically advanced products is a major drawback, which is expected to impede market growth. Thus, blood warmers market in the country is anticipated to witness low growth during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia blood warmer market , including forecasts for subscribers. This country databook contains high-level insights into Colombia blood warmer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia blood warmers market size, by product, 2018-2030 (US$M)
Colombia Blood Warmer Market Outlook Share, 2023 & 2030 (US$M)
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