Normal human body temperature falls between 96.8 degrees Fahrenheit and 99.5 degrees Fahrenheit. The prolonged body exposure to cold temperature leads to hypothermia condition which drops the body temperature below 95 degrees Fahrenheit. Hypothermia can increase risk during surgeries and cause prolonged healing time. Proper patient temperature management is crucial during the patient's stay in hospitals to accelerate healing after surgeries. Therefore, hospitals and other treatment centers adopt blood and fluid warmer systems to monitor and control the core body temperature of a patient. Also, the conditions such as severe trauma, thyroid conditions, diabetes and consumption of abusive drugs can increase the risk of hypothermia. A blood and fluid warmer instrument is used to warm fluids or blood prior to transfusion to a patient during the temperature management treatment. This treatment is mostly used in operating rooms, intensive care units, and emergency settings for hypothermia prevention. Blood and fluid warmer systems enable patient treatment by maintaining normal body temperature to avoid hypothermia.
The demand for blood and fluid warming instruments is fuelled by increased burden of hypothermia cases. The incidences of hypothermia is high in cold countries. For instance, according to Center for Disease Control (CDC), in the U.S. there were around 1,301 annual deaths caused due to hypothermia. The incidence of hypothermia is high in geriatric and infant population. Worldwide a gradual increase in surgical procedures along with aging population is the major factor which is anticipated to fuel growth of the global blood and fluid warmer market during the forecast period. Also, the increasing consumption of abusive drugs, growing incidences of thyroid conditions and diabetes are the other hypothermia causing factors which are expected to boost the demand for blood and fluid warming instruments. Increase in mergers and acquisitions among the major global players is one of the major trend in the global blood and fluid warmer market. However, high research and development expenses in product development and the low awareness about blood and fluid warming instrument treatments in the developing countries is anticipated to hamper growth of the global blood and fluid warmer market growth.
The global market for blood and fluid warmer systems is segmented on basis of product, end user, application and geography:
- Segmentation by Product
- Surface Warming System
- Intravenous Warming System
- Patient Warming Accessories
- Segmentation by Application
- Acute Care
- Preoperative Care
- New Born Care
- Home Care
- Others (Obstetrics and Gynecology Care, etc.)
- Segmentation by End User
Based on product type, surface warming segment is expected to contribute largest share in global blood and fluid warming market due to increasing adoption in developed countries such as U.S, Germany and U.K. The segment is expected to grow rapidly over the forecast with increased penetration in Asia Pacific. Hospital end user segment is expected to contribute the maximum share among end users. Based on application the acute care segment is expected to contribute the maximum share owing to rise in geriatric population with different diseases.
On the basis of regional presence, global blood and fluid warmer market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the global blood and fluid warmer market in terms of value due to high demand from U.S.
Some of the major players in global human papillomavirus testing market are 3M Company, Becton, Dickinson and Company, Barkey GmbH, CareFusion, GE Healthcare, Smiths Medical, Meridian Medical Systems, The 37Company, EMIT Corporation, etc. The blood and fluid warming market is mostly dominated by some key global vendors and is expected to witness steady CAGR in terms of revenue owing to increasing adoption in the patients. This patient pool includes people suffering from chronic diseases such as thyroid conditions, and diabetes among geriatric population along with rising number of surgical procedures performed globally. The entry of existing players in emerging countries and product development with enhanced technology in the blood and fluid warming market is expected to create competition in the market.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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