India Blood Warmer Market Size & Outlook, 2023-2030
India blood warmer market, 2018-2030 (US$M)
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India blood warmer market highlights
- The India blood warmer market generated a revenue of USD 26.9 million in 2023 and is expected to reach USD 51.8 million by 2030.
- The India market is expected to grow at a CAGR of 9.8% 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 26.9 million |
| Market revenue in 2030 | USD 51.8 million |
| Growth rate | 9.8% (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, India accounted for 2.4% 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 Asia Pacific, China blood warmer market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 51.8 million by 2030.
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Blood Warmer Market Scope
Blood Warmer Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 55.02% in 2023. Horizon Databook has segmented the India blood warmer market based on portable blood warmers, non-portable blood warmers covering the revenue growth of each sub-segment from 2018 to 2030.
The Indian government has introduced favorable policies, such as National Health Policy (NHP) to help improve healthcare outcomes. The government has drafted National Medical Device Policy to support “Make in India” initiative to reduce dependence on imports.
Moreover, a 12.0% Goods and Services Tax (GST) was introduced in India with effect from July 2017. This new GST rate is focused on reducing manufacturing costs, thereby benefitting Indian consumers and local medical equipment manufacturers.
Such initiatives are anticipated to boost market growth during the forecast period. Furthermore, increasing number of surgeries is expected to drive market growth in India. In addition, growing elderly population & awareness about healthcare, increasing per capita income, and changing attitude toward preventive healthcare measures are anticipated to boost demand for blood warmers, which is expected to propel market growth in the coming years.
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Our clientele includes a mix of blood warmer market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India blood warmer market , including forecasts for subscribers. This country databook contains high-level insights into India blood warmer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India blood warmers market size, by product, 2018-2030 (US$M)
India Blood Warmer Market Outlook Share, 2023 & 2030 (US$M)
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