South Korea Blood Warmer Market Size & Outlook, 2023-2030
South Korea blood warmer market, 2018-2030 (US$M)
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South Korea blood warmer market highlights
- The South Korea blood warmer market generated a revenue of USD 30.6 million in 2023 and is expected to reach USD 50.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.3% 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.
Blood warmer market data book summary
| Market revenue in 2023 | USD 30.6 million |
| Market revenue in 2030 | USD 50.3 million |
| Growth rate | 7.3% (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, South Korea accounted for 2.7% 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 |
|---|
South Korea 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 54.9% in 2023. Horizon Databook has segmented the South Korea 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 blood/IV warmers market in South Korea is anticipated to witness moderate growth over the forecast period due to increasing healthcare expenditure.
For instance, according to OECD Health Statistics 2019, the healthcare expenditure in South Korea was 8.1% of the total GDP in 2018, whereas it was 7.6% of the total GDP in 2017.
This is likely to encourage new and key players to enter the market, thereby driving market growth. However, low adoption of technologically advanced products and lack of skilled professionals in the country may hinder market growth over the forecast period.
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Our clientele includes a mix of blood warmer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea blood warmer market , including forecasts for subscribers. This country databook contains high-level insights into South Korea blood warmer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea blood warmers market size, by product, 2018-2030 (US$M)
South Korea Blood Warmer Market Outlook Share, 2023 & 2030 (US$M)
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