Market Overview:
The global medical fluid warming devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of hypothermia, rising number of surgical procedures, and technological advancements in medical fluid warming devices. Based on type, the global medical fluid warming devices market is segmented into blood warming devices and fluid warming devices.
Product Definition:
A medical fluid warming device is a tool used to heat up intravenous fluids and other medical liquids prior to administration. This is important because it helps to maintain the body's normal temperature, which can be disrupted when fluids are given cold. It also helps to improve patient comfort.
Blood Warming Devices:
Blood warming devices are used to warm blood or other body fluids in order to lower the temperature of a person who has been exposed to extreme cold. The process is also known as hypothermia protection or heat therapy and is mainly done for patients who have lost too much body heat and cannot produce it on their own.
The global blood warming devices market was valued at USD 648 million in 2014.
Fluid Warming Devices:
Fluid warming devices are used to warm the fluid in which a person has been injected or infused. The most common fluids that require warming are IV solutions and injections, blood products, chemotherapy drugs, and spinal anesthesia solutions. Fluid warming devices can be powered by batteries or plugged into an electrical outlet.
Application Insights:
Based on application, the global medical fluid warming devices market is segmented into hospital, clinic or emergency center, and others. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to a high prevalence of chronic diseases such as cardiovascular diseases (CVDs), cancer, respiratory disorders and diabetes that require constant monitoring and temperature management during treatment.
The increasing number of hospitals along with rising demand for diagnostic equipment has led to an increased use of medical fluid warming devices across hospitals globally. Furthermore, government initiatives such as National Health Insurance in China have driven patients¢â‚¬â„¢ expenditure on healthcare which has further influenced industry growth across Asia Pacific region over the past few years.
Regional Analysis:
North America dominated the global market in 2017 owing to a high number of surgical procedures being performed, increasing prevalence of chronic diseases, and the presence of well-established healthcare facilities. In addition, an increase in government initiatives for promoting better health care services is expected to fuel the demand for medical devices and products over the forecast period.
Asia Pacific is expected to be one of the fastest growing regions due to factors such as improving healthcare infrastructure and rising awareness about advanced treatment options leading towards better patient outcomes resulting in higher demand for warming devices. Moreover, economic development coupled with improvements in public health has led towards a rise in various surgeries that require warm fluid therapy post surgery thereby driving growth over past few years. Fluid warming bags are widely used during surgery & emergency room procedures such as cardiopulmonary bypass (CBP), cardiac catheterization & coronary artery bypass grafting (CABG).
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases such as heart disease, stroke, cancer, and diabetes accounted for 63% of all deaths in 2012. This number is expected to rise to 73% by 2030. The growing incidence of chronic diseases will lead to an increase in demand for medical fluid warming devices in the coming years.
- Technological advancements: Medical fluid warming devices are constantly evolving with new technologies being introduced regularly. These advancements have made these devices more efficient and user-friendly than ever before. They are also becoming more affordable, which is likely to boost their demand in the coming years.
- .This number i s projected t o reach nearly 313 million by 2020,.Surgeries can be risky without proper temperature management,,and
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Fluid Warming Devices Market Research Report
By Type
Blood Warming Devices, Fluid Warming Devices
By Application
Hospital, Clinic, Emergency Center, Others
By Companies
M Healthcare, Barkey, Smiths Group, Cincinnati Sub-Zero Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Medical Fluid Warming Devices Market Report Segments:
The global Medical Fluid Warming Devices market is segmented on the basis of:
Types
Blood Warming Devices, Fluid Warming Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Emergency Center, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M Healthcare
- Barkey
- Smiths Group
- Cincinnati Sub-Zero Products
Highlights of The Medical Fluid Warming Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Blood Warming Devices
- Fluid Warming Devices
- By Application:
- Hospital
- Clinic
- Emergency Center
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Fluid Warming Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical fluid warming devices are medical devices that heat up fluids to a desired temperature. This can be used to warm up fluids for injection, as well as other medical treatments.
Some of the major companies in the medical fluid warming devices market are M Healthcare, Barkey, Smiths Group, Cincinnati Sub-Zero Products.
The medical fluid warming devices market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Fluid Warming Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Fluid Warming Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Fluid Warming Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Fluid Warming Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Fluid Warming Devices Market Size & Forecast, 2020-2028
4.5.1 Medical Fluid Warming Devices Market Size and Y-o-Y Growth
4.5.2 Medical Fluid Warming Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Blood Warming Devices
5.2.2 Fluid Warming Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Emergency Center
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Fluid Warming Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Fluid Warming Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Blood Warming Devices
9.6.2 Fluid Warming Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Emergency Center
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Blood Warming Devices
10.6.2 Fluid Warming Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Emergency Center
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Blood Warming Devices
11.6.2 Fluid Warming Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Emergency Center
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Blood Warming Devices
12.6.2 Fluid Warming Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Emergency Center
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Blood Warming Devices
13.6.2 Fluid Warming Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Emergency Center
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Fluid Warming Devices Market: Competitive Dashboard
14.2 Global Medical Fluid Warming Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M Healthcare
14.3.2 Barkey
14.3.3 Smiths Group
14.3.4 Cincinnati Sub-Zero Products
