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The blood warmer devices market is expected to reach USD 225.6 million by 2022 from USD 150.4 million in 2017, at a CAGR of 8.4%.
Factors driving the growth of this market include the increasing burden of hypothermia cases, increasing number of surgeries, and growing number of trauma cases. On the other hand, the stringent regulatory framework and the time-consuming approval process are expected to challenge the market growth.
The blood warmer devices market by sample type, is categorized into blood sample and other samples. The blood samples segment is expected to register the highest CAGR during the forecast period. The increasing demand for blood and blood products and rising incidence of chronic diseases are the key factors driving the growth of this market.
By end user, the blood warmer devices market is segmented into hospitals, blood banks & transfusion centers, and tissue banks. The hospitals segment is expected to remain the fastest-growing segment of the global blood warmer devices market during the forecast period. Factors such as the rising number of blood transfusions and growing requirement of blood in surgical treatments are driving the growth of this segment.
Geographically, the blood warmer devices market is dominated by North America, followed by Europe in 2017, however, Asia Pacific is estimated to grow at the fastest rate during the forecast period. Growth in this region can be attributed to the high incidence of road accidents, increasing prevalence of cancer, and growing number of surgical procedures in Asian countries.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Regulatory Outlook
7 Blood Warmer Device/Sample Warmer Market, By Sample Type
8 Blood Warmer Device/Sample Warmer Market, By End User
9 Blood Warmer Device/Sample Warmer Market, By Region
10 Competitive Landscape
11 Company Profiles
- Belmont Instrument
- Geratherm Medical
- Smiths Medical
- Stihler Electronic
- The 37 Company
For more information about this report visit https://www.researchandmarkets.com/research/6f43pp/blood_warmer