Market revenue in 2023 | USD 415.2 million |
Market revenue in 2030 | USD 738.1 million |
Growth rate | 8.6% (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 |
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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 58.29% in 2023. Horizon Databook has segmented the U.S. blood warmer market based on portable blood warmers, non-portable blood warmers covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing number of hypothermia-related cases, along with growing prevalence of chronic conditions such as thyroid & diabetes, is a key factor leading to increased demand for blood warmers. For instance, according to CDC’s National Diabetes Statistics Report for 2020, in 2018.
In addition, rising number of surgeries is expected to boost the market, as blood warmers play an important role in surgical units.
For instance, as per American Society for Aesthetic Plastic Surgery, surgical procedures accounted for 77% of the total expenditure in 2017 in the U.S. Similarly, according to International Society of Aesthetic Plastic Surgery, the number of surgical procedures performed in 2018 in the U.S. was 1,492,383.
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