Healthcare

Global Fluid Warmer Device Market

March 12, 2020
ID: SR/HC-08
Format:Pdf
Pages:220

Global Fluid Warmer Device Market- By Product type (Warming Device, Temperature Probe, Disposable Accessories), By End-User (Hospitals, ASCs, Home care settings and Others), By Application (Surgery, Home care market, Acute care, New Born care and Others), and By Region (North America, Europe, Asia Pacific, South America, Middle East, & Africa)- Global forecast from 2020-2027.

Description

Global Fluid Warmer Device Market Overview

The fluid warmer device is a medical device used in hospitals or healthcare facility centers for warming fluids, blood products, colloids to transfer it to the patient body to prevent hypothermia. As the fluid passes through the tube so, the device warms the tube and the liquid. The design of the tube varies the flow rate of fluid, volume, portability, and distance as they transfer from the device to the patient. The distance between the device and patients must be more significant to reach cooling fluid in the patient’s body to prevent them from a sudden break down of low body temperature.

Global Fluid Warmer Device Market Insights

The global fluid warmer device market projected to grow at a substantial rate in the forecast period from 2020-2027. Owing to increasing geriatric population, physical trauma, age rise in a surgical procedure in case of accidents and increasing trauma cases and demand for a donation of blood in medical treatment will also influence the market share for the fluid warmer device in the global market.

Moreover, lots of investments made in the R&D department for the installation of fluid warmer devices in healthcare centers as fluid warmers help in reducing complications. At the same time, blood transfusion in case of acute hypothermia or when a person gets exposure to cold temperature. Also, the strict international standards are implemented on the biological service to improve the medication to the patients. The rise in the advance technology is making people aware of the intravenous treatments and how fluid warmer helps in curing it.

Furthermore, according to the world bank, the death caused due to trauma is 8.69%, and 8.87% rate shows the increasing geriatric population, which has also fueled the demand for the fluid warmer devices. The death rate in infants caused due to hypothermia is highest among other cases. Therefore, with increasing awareness among the people and with advance medical treatment that helps in normalizing the body temperature of the patients are contributing differently.

Growth Driver

Hypothermia cases

Hypothermia caused due to sudden break down of the body temperature of the patients, which can cause death and led to the patient in a coma or cardiac arrest, and prolonged healing required. Earlier people have less awareness regarding hypothermia, but later, with government awareness and with improved medical facilities, the high adoption of the fluid warmer devices in the global market is making the market grow significantly.

Advancement in medical technology

The demand for the fluid warmer market has increased due to the advance technology and rising standard of living, disposable income, and increasing investment in R&D of medical equipment. The advance technology has created awareness and improved the medical structure and facilities for the patients. The advance fluid warmer devices have advance features like automatic temperature adjustment, flow rate adjustments, and alarm systems used in an emergency setting like operation theater will control the hypothermia.

Product type Segmental Analysis

Based on product, the global fluid warmer device market classified into Warming Device, Temperature Probe, Disposable Accessories. The disposable accessories segment is bolstering the global fluid warmer market in the forecast period from 2020-2027. Due to portability, easy to use, long-lasting, free from maintenance, can be set up within a few minutes, acoustics, and visible alarm mechanism to prevent the automatic power cut, over-temperature, cost-effective. Therefore, with multiple compelling features, the disposable accessories are expected to capture the highest market share in the global fluid warmer device market.

End-users Segmental Analysis

Based on End-users, the global fluid warmer device market classified into Hospitals, ASCs, Homecare settings, and Others. The hospital segment will be continuing to bolster the market demand in the future, with the requirement of the blood to protect the patients from the complications of hypothermia. Therefore, the hospital segment expected to boost due to an increase in trauma cases, road accidents, and infant mortality rates will fuel the demand for a fluid warmer device market.

Application Segmental Analysis

Based on the application, the global fluid warmer device market segmented into Surgery, Homecare market, Acute care, Newborn Care, and Others. The surgery segment expected to dominate the market demand for the fluid warmer device market. Owing to the critical requirement of blood during operations will increase the adoption of fluid warmer devices.

Moreover, complications that occurred due to hypothermia in the geriatric population, fluid warmer required in case of road accidents will lead to fuel the demand for the fluid warmer devices. The advance technology in fluid warmers like automatic alarm setting, power cut control, temperature control will propel the application in the forecast period.

Region Segmental Analysis

Based on geography, the global fluid warmer device market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The North America region expected to dominate the fluid warmer device market in the forecast period from 2020-2027. As a result of advanced technology structure, increasing health care facilities, a rising number of vast cases of hypothermia, and other similar conditions will propel the market growth for the fluid warmer market. Moreover, with the advancement in the blood storage industry and rising cases of blood transfusions are also working accordingly to improve the global market of fluid warmer devices.

Competitor Analysis

Companies such as 3M, General Electric, Smiths Group Plc, Stryker Corporation, Geratherm Medical, Belmont Instrument Corporation, Biegler GmbH, Barkey GmbH & Co. KG, Stihler Electric GmbH, Emit corporation, and others are the key players in the global fluid warmer device market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Fluid Warmer Device manufacturing companies
Research organizations and consulting companies
Organizations, associations, and alliances related to global Fluid Warmer Device.
Regulatory bodies

Scope of the report

Report Attribute	Details
Market size value in 2020	USD 66.4 Million
Revenue forecast in 2027	USD 105 million
Growth Rate	CAGR of 5.94% from 2020 to 2027
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	3M, General Electric, Barkey GmbH & Co. KG, Stihler Electric GmbH, Emit Corporation, Smiths Group Plc, Stryker Corporation, Geratherm Medical, Belmont Instrument Corporation, Biegler GmbH, and others

Recent Developments

In September 2021, Smith’s Medical recalled the Normoflow irrigation fluid warmer and warming set due to the potential for harmful levels of aluminum in the warmers’ fluid path.
In September 2021, San Antonio Fire Department Collaborated with QinFlow to deliver a better patient outcome.
In August 2021, Nunzia Pharmaceutical Corporation announced to offer patented blood warmer through Nunzia’s Medical Supply Division.

The objective of the Research

Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Product Type

Warming Devices
Temperature Probe
Disposable Accessories

By End-User

Hospitals
ASCs
Home care settings
Others

By Application

Surgery
Home care market
Acute care
New Born care
Others

By Region

Europe
North America
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

Request Sample

Frequently Asked Questions (FAQ):

What is a Fluid Warmer Device?

The fluid warmer device is used in healthcare facilities centers for blood products, warming fluids, and colloids to the patient body to prevent hypothermia.

What is the size of the Fluid Warmer Device Market?

The Global Fluid Warmer Device Market’s size is valued at USD 66.4 Million in 2020 and will reach USD 105 million by 2027.

What is the growth rate of the Fluid Warmer Device Market?

The growth rate of the Fluid Warmer Device Market is 5.9% during the forecast period.

Who are the end-users of the Fluid Warmer Device Market products?

Hospitals, ASCs, Homecare settings are the end-users of the Fluid Warmer Device Market products.

What is the competitive landscape of the Fluid Warmer Device Market?

3M, General Electric, Barkey GmbH & Co. KG, Stihler Electric GmbH, Emit Corporation, Smiths Group Plc, Stryker Corporation, Geratherm Medical, Belmont Instrument Corporation, Biegler GmbH, and others are the key players in the global fluid warmer device market.

Select License

We Accept

Analyst support

After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.

Customer satisfaction

According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.

Inimitable expertise

Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.

Assured quality

We have created a systematic way to determine standards and satisfy your expectations.

Instant delivery

Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.

Privacy policy

We understand the inkling of your privacy, we will never misuse your email address.

Custom research service

We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.

Quality & accuracy

We provide you with the accurate quality of the customized study of an exclusive report according to your research need.

Data visualization

As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.

Information security

We truly respect your privacy and promise to keep your personal and confidential information safe and secure.