Blood Warmer Devices Market | Growing Number of Trauma Cases | Growing at a CAGR of 8.4%

Blood Warmer Devices Market

PUNE, India, 2020-May-13 — /EPR Network/ —

The Global Blood Warmer Devices Market is expected to reach $225.6 Million, at a CAGR of 8.4%

The increasing burden of hypothermia cases, increasing number of surgeries, and growing number of trauma cases are the key factors driving the growth of this market.

Research Methodology:

Top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub markets. The overall market size was used in the top-down approach to estimate the sizes of other individual sub markets (mentioned in the market segmentation by sample type, end user, and region) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained. Various secondary sources such as World Health Organization, U.S. Food and Drug Administration, Centers for Disease Control and Prevention, the American National Red Cross have been used to identify and collect information useful for this extensive commercial study of the blood warmer device/sample warmer market.

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Market Segmentation in Depth:

The Global blood warmer devices market is segmented by sample type, end user, and regions.

On the basis of end user, the market is classified into hospitals, blood banks & transfusion centers, and tissue banks. The hospitals segment is estimated to account for the largest share of the market during the next five years. The significant number of blood transfusions and high requirement of blood in surgical treatments across hospitals are driving the growth of this market.

By sample type, the market is segmented into blood samples and other samples. The blood samples segment is estimated to account for the largest market share of the market in 2017. Factors driving the growth of this segment include increasing demand for blood and blood products.

The objectives of this study are as follows:

• To define, describe, segment, and forecast the blood warmer devices market by sample type, end user, and region
• To forecast revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
• To identify the micromarkets with respect to drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the Sample warmer devices market
• To analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market

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The market is dominated by North America, followed by Europe. North America will continue to dominate the market during the forecast period. However, Asia Pacific is expected to witness the highest CAGR from 2017 to 2022. Factors such as the high incidence of road accidents, increasing prevalence of cancer, and growing number of surgical procedures in several Asia Pacific countries are driving the growth of the sample warmer devices market in this region.

Major industry players launched products to maintain and improve their position in the market. 3M (US), Smiths Medical (US), BD (US), The 37Company (Netherlands), Geratherm Medical (Germany) have been identified as the key players in this market. These companies have a broad product portfolio with comprehensive features. These leaders have products for all end users in this market, a strong geographical presence, and focus on continuous product innovations.