Latin America Blood Warmer Market Size & Outlook
Latin America blood warmer market, 2018-2030 (US$M)
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Latin America blood warmer market highlights
- The Latin America blood warmer market generated a revenue of USD 99.0 million in 2023.
- The market is expected to grow at a CAGR of 8.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 99.0 million |
| Market revenue in 2030 | USD 172.8 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Non-portable blood warmers |
| Fastest growing segment | Portable Blood Warmers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 8.7% of the global blood warmer market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 402.2 million by 2030.
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Blood Warmer Market Scope
Blood Warmer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 54.85% in 2023. Horizon Databook has segmented the Latin America blood warmer market based on portable blood warmers, non-portable blood warmers covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is anticipated to witness significant growth over the forecast period. Rapidly developing economies, such as Brazil and Mexico, are primarily driving growth of blood warmers market in the region.
Increasing cases of hypothermia, rising prevalence of chronic diseases, and rapidly aging population are among factors leading to increased need for blood warmers. In addition, governments of various countries in the region are striving to improve healthcare infrastructure.
Moreover, increasing healthcare expenditure in most of the Latin American countries is providing growth opportunities to players in the global market. For instance, according to WHO, in 2016, Brazil’s healthcare expenditure as a share of GDP was 8.5%, Argentina’s was 4.2%, Mexico’s was 6.5%, and Chile’s was 8.3%.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America blood warmer market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America blood warmer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America blood warmers market size, by country, 2018-2030 (US$M)
Latin America Blood Warmer Market Outlook Share, 2023 & 2030 (US$M)
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