Blood/IV Warmers Market: Rapidly Evolving Industry…… COVID-19….



The global blood/IV warmers market size is expected to reach USD 1.2 billion by 2026, registering a CAGR of 7.6% over the forecast period, according to a new report published by Grand View Research, Inc. Rising incidence of road accidents, gunshot wounds, mishaps, and other injuries is expected to drive the growth. In addition, increasing demand for Blood/IV warmers from various nontraditional end-use sectors operating in extreme temperature environment, such as military forces, rescue services, and ambulatory is also expected to propel the market.
As the need for infusion therapies increase owing to the exponentially growing number of Covid-19 positive cases, the demand for IV (intravenous) fluids are also on the rise. Critical patients may also require a blood transfusion in case of other co-morbidities occurring along with the Severe Acute Respiratory Syndrome (SARS), which is a result of Covid-19. Since IV fluids and blood are always stored under cold to room temperature environments, administering them as it is would result in patient hypothermia, which can turn fatal for the patient. Hence, blood/IV warmers are needed for bringing the fluids to body temperature, thereby helping in faster patient recovery and significantly lowering the risk of infusion/transfusion shock. We are working to account for this surge in our estimates. The updated report will account for Covid-19 as a key market contributor.
Growing number of road accidents is among the top factors driving the demand for Blood/IV warmers. Road mishaps is the 8th leading cause of death of individuals across all ages, with a significant percent of fatalities among victims occurring due to severe blood loss. According to the Global Status Report on Road Safety 2018, approximately 1.35 million individuals die in road accidents every year. Ambulatory and emergency paramedic services, therefore need to provide blood/IV fluids to patients at such remote and extreme conditions. Since IV solutions and blood are stored in lower temperatures to preserve their potency, directly introducing them to patient can cause induced hypothermia. With added risk of hypothermia as a result of blood loss, stored blood is initially heated to body temperature before infusion into patient. In developed countries, ambulatory services have advanced portable blood/IV warmers that help stabilize a patient in emergency situations. In developing nations, due to the higher cost of portable blood/IV warmers, the risk of fatality due to hypothermia or blood loss is higher as non-portable blood/IV warmers are generally hospital based.
Blood/IV warmers are also required by search and rescue forces, as they deal with numerous victims of natural calamities and mishaps that often occur in the remotest or most extreme environments. With a recent surge of observed natural calamities and migration of individuals to newer territories, the need to maintain and equip rescue forces with latest and best medical devices has become a critical requirement from a nation’s perspective. This is reason why the demand of blood/IV warmer devices has observed a growth among rescue forces in the international market.
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Growth of surgical procedures worldwide has also led to the rise in demand for both portable and non-portable blood/IV warmer devices. These devices help surgeons to maintain a patient’s body temperature at optimum levels and prevent the risk of hypothermia at the surgery table. In hospital setting, non-portable blood/IV warmer devices are used often as they can heat a greater volume of blood or IV solutions in addition to being more affordable and easier to maintain.
Further key findings from the report suggest:
·         By product type, portable blood/IV warming systems is expected to grow in the forthcoming years owing to increasing demand from ambulatory services and military/defense sectors, and increasing incidence of road accidents and mishaps
·         Although hospitals/clinics were observed as the largest market on the basis of end use, the rescue forces and ambulatory services segment is expected to witness respectable growth during the forecast period to address the critical requirement and growing demand in remote and extreme conditions that these segments operate in
·         Asia Pacific is anticipated to be the fastest growing segment owing to rising number of surgeries, presence of huge population demography, and increasing quality of healthcare demanded by patients
·         The players profiled in blood/IV warmers market are Stryker, Belmont Medical, Kimberly-Clark, 3M, Mennen Medical, and Smiths Medical
The global blood warmers market size was estimated at USD 662 million in 2018 and is projected to expand at a CAGR of 7.6% over the forecast period. Rise in surgical procedures worldwide, along with growing incidence of road accident fatalities is anticipated to drive the market growth. Additionally, rising demand of blood warmers from ambulatory services and military/defense sectors is expected to further fuel the growth in near future.
Hypothermia is among the top risk factors that can result in fatalities among patients of physical trauma. In U.S., an estimated 10 to 12 million incidents of hypothermia along with another 2 to 3 million incidents of hyperpyrexia were observed in 2016. Factors, such as blood loss due to injury/shock, extreme environments, infectious disease epidemic, natural calamities, physical trauma, and hypothermia caused by infusion of cold stored blood/IV, increases the risk of fatality. It has been observed that in U.S. out of few million incidents of IV induced hypothermia, 75.0% cases are caused in ambulatory settings. In order to prevent risk due to blood/IV induced hypothermia, fluid warmers have witnessed an increasing demand in U.S. and European Union (EU) since 2010, thereby driving the growth of the market for blood warmers.
Over 70.0% of patient warming demands in U.S. are met in hospitals, whereas the rest are met in remote centers, such as ambulatory services and others. Surgical procedures and hospital stays are the biggest factor that demand infusion of IV solutions or blood transfusion. In order to prevent transfusion/infusion induced hypothermia, fluid warmers have traditionally played an important role in preventing fatalities among citizens of developed nations.
Furthermore, many surgical procedures require transplantation and implants that are often maintained well below regular body temperature in order to control microbial infection. Introduction of such implants are observed to reduce the body temperature of the patient, thereby requiring patient heating systems. Additionally, weaker patients find it difficult to regulate their body temperature and therefore, require body warming devices to help them recover better and reduce the risk of complications.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-blood-iv-warmers-market
Grand View Research has segmented the global blood/IV warmers market based on product type, end use, and region:
Blood/IV Warmers Product Outlook (Revenue, USD Million, 2015 - 2026)
·         Portable Blood/IV fluid warmers
·         Non Portable Blood-IV Warmers
Blood/IV Warmers End Use Outlook (Revenue, USD Million, 2015 - 2026)
·         Hospitals/Clinic
·         Ambulatory Services
·         Defense Forces
·         Rescue Forces
By product type, the blood warmers market is categorized into portable and non-portable devices. Portable blood warmers held the largest market share in terms of value in 2018. The volume demand is expected to remain slightly higher than non-portable devices in the forthcoming years. A majority of the demand comes from ambulatory/paramedic services, rescue forces, and defence sectors. In addition, growing demand from remote clinics and emergency centres is also expected to drive the segment growth.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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