The North America Blood Warmer Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).
The primary drivers propelling the growth of the market are an increase in surgeries, trauma cases, hypothermia cases, elderly and newborn populations, and cases of hypothermia. This is a significant contributing factor to the increase in demand for blood/IV warmers, which are used to bring fluids to body temperature, hasten patient recovery, and lower the risk of transfusion shock. The introduction of next-generation blood warmer to support various therapies, such as continuous renal replacement and organ support therapies, is one of the major factors fueling market expansion.
The healthcare sector's requirement for blood warmers is anticipated to increase due to several causes, including rising hypothermia treatment demand and growing armed forces personnel globally. Additionally, the market is expected to develop due to increased demand from unconventional end users operating in extremely cold situations, such as military operations, rescue services, and ambulatory care.
The number of Canadians 65 and older is projected to increase by 68% during the next 20 years. Its size has increased by more than threefold in the last 40 years. The population of seniors increased from around 2 million to 3.5 million between 1977 and 1997. In 2017, the population was approximately 6.2 million. It is anticipated to reach a population of 10.4 million in 2037. This population in Canada is projected to increase by 2.1 times by 2037 from its size in 2017.
According to the 2020 Census, from 1920 to 2020, the number of Americans 65 and older increased roughly five times more quickly than the overall population. In 2020, there were 55.8 million people over the age of one in the United States or 16.8% of the total population. As a result of the rising old age population and ambulatory surgeries across the regional nations, the market is anticipated to grow.
The US market dominated the North America Blood Warmer Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $507.1 million by 2030. The Canada market is anticipated to grow at a CAGR of 9.7% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 8.7% during (2023 - 2030).
Based on Application, the market is segmented into Surgery, Acute Care, New Born Care, Homecare, and Others. Based on Product, the market is segmented into Non-portable Blood/IV Warmers, and Portable Blood/IV Warmers. Based on End-use, the market is segmented into Hospitals/Clinic, Ambulatory Services, Defense Forces, and Rescue Forces. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Blood Warmer Market is Projected to reach USD 1.8 Billion by 2030, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Stryker Corporation, ICU Medical, Inc., Gentherm Incorporated (Gentherm Medical), Vyaire Medical, Inc. (Apax Partners LLP), Belmont Medical Technologies (Audax Management Company, LLC.), The Surgical Company, Life Warmer, Estill Medical Technologies, Inc., and Smisson-Cartledge Biomedical, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Surgery
- Acute Care
- New Born Care
- Homecare
- Others
By Product
- Non-portable Blood/IV Warmers
- Portable Blood/IV Warmers
By End-use
- Hospitals/Clinic
- Ambulatory Services
- Defense Forces
- Rescue Forces
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 3M Company
- Stryker Corporation
- ICU Medical, Inc.
- Gentherm Incorporated (Gentherm Medical)
- Vyaire Medical, Inc. (Apax Partners LLP)
- Belmont Medical Technologies (Audax Management Company, LLC.)
- The Surgical Company
- Life Warmer
- Estill Medical Technologies, Inc.
- Smisson-Cartledge Biomedical, LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Blood Warmer Market, by Application
1.4.2 North America Blood Warmer Market, by Product
1.4.3 North America Blood Warmer Market, by End-use
1.4.4 North America Blood Warmer Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlight
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. North America Blood Warmer Market by Application
4.1 North America Surgery Market by Country
4.2 North America Acute Care Market by Country
4.3 North America New Born Care Market by Country
4.4 North America Homecare Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Blood Warmer Market by Product
5.1 North America Non-portable Blood/IV Warmers Market by Country
5.2 North America Portable Blood/IV Warmers Market by Country
Chapter 6. North America Blood Warmer Market by End-use
6.1 North America Hospitals/Clinic Market by Country
6.2 North America Ambulatory Services Market by Country
6.3 North America Defense Forces Market by Country
6.4 North America Rescue Forces Market by Country
Chapter 7. North America Blood Warmer Market by Country
7.1 US Blood Warmer Market
7.1.1 US Blood Warmer Market by Application
7.1.2 US Blood Warmer Market by Product
7.1.3 US Blood Warmer Market by End-use
7.2 Canada Blood Warmer Market
7.2.1 Canada Blood Warmer Market by Application
7.2.2 Canada Blood Warmer Market by Product
7.2.3 Canada Blood Warmer Market by End-use
7.3 Mexico Blood Warmer Market
7.3.1 Mexico Blood Warmer Market by Application
7.3.2 Mexico Blood Warmer Market by Product
7.3.3 Mexico Blood Warmer Market by End-use
7.4 Rest of North America Blood Warmer Market
7.4.1 Rest of North America Blood Warmer Market by Application
7.4.2 Rest of North America Blood Warmer Market by Product
7.4.3 Rest of North America Blood Warmer Market by End-use
Chapter 8. Company Profiles
8.1 3M Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent Strategies and Developments:
8.1.5.1 Acquisitions and Mergers:
8.1.6 SWOT Analysis
8.2 Stryker Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 ICU Medical, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisitions and Mergers:
8.3.6 SWOT Analysis
8.4 Gentherm Incorporated (Gentherm Medical)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Approvals and Trials:
8.4.6 SWOT Analysis
8.5 Vyaire Medical, Inc. (Apax Partners LLP)
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Belmont Medical Technologies (Audax Management Company, LLC.)
8.6.1 Company Overview
8.7 The Surgical Company
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Life Warmer
8.8.1 Company Overview
8.9 Estill Medical Technologies, Inc.
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Smisson-Cartledge Biomedical, LLC
8.10.1 Company Overview
8.10.2 SWOT Analysis
TABLE 1 North America Blood Warmer Market, 2019 - 2022, USD Million
TABLE 2 North America Blood Warmer Market, 2023 - 2030, USD Million
TABLE 3 North America Blood Warmer Market by Application, 2019 - 2022, USD Million
TABLE 4 North America Blood Warmer Market by Application, 2023 - 2030, USD Million
TABLE 5 North America Surgery Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Surgery Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Acute Care Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Acute Care Market by Country, 2023 - 2030, USD Million
TABLE 9 North America New Born Care Market by Country, 2019 - 2022, USD Million
TABLE 10 North America New Born Care Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Homecare Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Homecare Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Blood Warmer Market by Product, 2019 - 2022, USD Million
TABLE 16 North America Blood Warmer Market by Product, 2023 - 2030, USD Million
TABLE 17 North America Non-portable Blood/IV Warmers Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Non-portable Blood/IV Warmers Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Portable Blood/IV Warmers Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Portable Blood/IV Warmers Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Blood Warmer Market by End-use, 2019 - 2022, USD Million
TABLE 22 North America Blood Warmer Market by End-use, 2023 - 2030, USD Million
TABLE 23 North America Hospitals/Clinic Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Hospitals/Clinic Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Ambulatory Services Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Ambulatory Services Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Defense Forces Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Defense Forces Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Rescue Forces Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Rescue Forces Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Blood Warmer Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Blood Warmer Market by Country, 2023 - 2030, USD Million
TABLE 33 US Blood Warmer Market, 2019 - 2022, USD Million
TABLE 34 US Blood Warmer Market, 2023 - 2030, USD Million
TABLE 35 US Blood Warmer Market by Application, 2019 - 2022, USD Million
TABLE 36 US Blood Warmer Market by Application, 2023 - 2030, USD Million
TABLE 37 US Blood Warmer Market by Product, 2019 - 2022, USD Million
TABLE 38 US Blood Warmer Market by Product, 2023 - 2030, USD Million
TABLE 39 US Blood Warmer Market by End-use, 2019 - 2022, USD Million
TABLE 40 US Blood Warmer Market by End-use, 2023 - 2030, USD Million
TABLE 41 Canada Blood Warmer Market, 2019 - 2022, USD Million
TABLE 42 Canada Blood Warmer Market, 2023 - 2030, USD Million
TABLE 43 Canada Blood Warmer Market by Application, 2019 - 2022, USD Million
TABLE 44 Canada Blood Warmer Market by Application, 2023 - 2030, USD Million
TABLE 45 Canada Blood Warmer Market by Product, 2019 - 2022, USD Million
TABLE 46 Canada Blood Warmer Market by Product, 2023 - 2030, USD Million
TABLE 47 Canada Blood Warmer Market by End-use, 2019 - 2022, USD Million
TABLE 48 Canada Blood Warmer Market by End-use, 2023 - 2030, USD Million
TABLE 49 Mexico Blood Warmer Market, 2019 - 2022, USD Million
TABLE 50 Mexico Blood Warmer Market, 2023 - 2030, USD Million
TABLE 51 Mexico Blood Warmer Market by Application, 2019 - 2022, USD Million
TABLE 52 Mexico Blood Warmer Market by Application, 2023 - 2030, USD Million
TABLE 53 Mexico Blood Warmer Market by Product, 2019 - 2022, USD Million
TABLE 54 Mexico Blood Warmer Market by Product, 2023 - 2030, USD Million
TABLE 55 Mexico Blood Warmer Market by End-use, 2019 - 2022, USD Million
TABLE 56 Mexico Blood Warmer Market by End-use, 2023 - 2030, USD Million
TABLE 57 Rest of North America Blood Warmer Market, 2019 - 2022, USD Million
TABLE 58 Rest of North America Blood Warmer Market, 2023 - 2030, USD Million
TABLE 59 Rest of North America Blood Warmer Market by Application, 2019 - 2022, USD Million
TABLE 60 Rest of North America Blood Warmer Market by Application, 2023 - 2030, USD Million
TABLE 61 Rest of North America Blood Warmer Market by Product, 2019 - 2022, USD Million
TABLE 62 Rest of North America Blood Warmer Market by Product, 2023 - 2030, USD Million
TABLE 63 Rest of North America Blood Warmer Market by End-use, 2019 - 2022, USD Million
TABLE 64 Rest of North America Blood Warmer Market by End-use, 2023 - 2030, USD Million
TABLE 65 Key Information – 3M Company
TABLE 66 key Information – Stryker Corporation
TABLE 67 Key information – ICU Medical, Inc.
TABLE 68 Key Information – Gentherm Incorporated
TABLE 69 Key Information – Vyaire Medical, Inc.
TABLE 70 Key Information – Belmont Medical Technologies
TABLE 71 Key Information – The Surgical Company
TABLE 72 Key Information – Life Warmer
TABLE 73 Key Information – Estill Medical Technologies, Inc.
TABLE 74 Key Information – Smisson-Cartledge Biomedical, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Blood Warmer Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Blood Warmer Market
FIG 4 Porter’s Five Force Analysis: Blood Warmer Market
FIG 5 North America Blood Warmer Market share by Application, 2022
FIG 6 North America Blood Warmer Market share by Application, 2030
FIG 7 North America Blood Warmer Market by Application, 2019 - 2030, USD Million
FIG 8 North America Blood Warmer Market share by Product, 2022
FIG 9 North America Blood Warmer Market share by Product, 2030
FIG 10 North America Blood Warmer Market by Product, 2019 - 2030, USD Million
FIG 11 North America Blood Warmer Market share by End-use, 2022
FIG 12 North America Blood Warmer Market share by End-use, 2030
FIG 13 North America Blood Warmer Market by End-use, 2019 - 2030, USD Million
FIG 14 North America Blood Warmer Market share by Country, 2022
FIG 15 North America Blood Warmer Market share by Country, 2030
FIG 16 North America Blood Warmer Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT ANALYSIS: 3M Company
FIG 18 SWOT ANALYSIS: Stryker Corporation
FIG 19 SWOT ANALYSIS: ICU Medical, Inc.
FIG 20 SWOT ANALYSIS: Gentherm Incorporated
FIG 21 SWOT ANALYSIS: Vyaire Medical, Inc.
FIG 22 SWOT ANALYSIS: The Surgical Company
FIG 23 SWOT ANALYSIS: ESTILL MEDICAL TECHNOLOGIES, INC.
FIG 24 SWOT ANALYSIS: Smisson-Cartledge Biomedical, LLC