Patient Warmer Market

Patient Warmer Market Insights 2030:

The global patient warmer market size was valued at $1,664.45 million in 2020 and is projected to reach $3,498.59 million by 2030, registering a CAGR of 7.6% from 2021 to 2030. Patient warmer is a device that assists to maintain an adequate amount of temperature in patients with hypothermia. It provides a simple solution used in maintaining normothermia during the surgical procedure.

The COVID-19 pandemic has restrained the industry growth significantly, owing to global economic recession led by COVID-19 as well as hospitals around the world were completely focused on the COVID-19 situation, and postponed or canceled elective surgeries. The decision to postpone elective surgeries and other medical procedures has dampened the demand for patient warmer systems across hospitals. With all elective surgeries canceled & postponed, there has been a significant drop in the demand for a patient warmer market.

Increase in the number of surgeries as well as a rise in cases of cardiovascular diseases & cancer cases contribute toward the growth of the patient warmer market. In addition, increase in geriatric & preterm infant population, which is more prone to hypothermia fuels the growth of the market. However, implementation of stringent regulatory framework for approval of patient warmers and high cost of technologically advanced patient warmer are expected to hinder the growth of the market during the forecast period. On the contrary, new launches of technologically advanced patient warmers are expected to offer profitable opportunities for the growth of the market during the forecast period.

Impact Of Covid-19 On Patient Warmers Market (Pre And Post Analysis)

The outbreak of COVID-19 has disrupted workflows in the healthcare sector around the world. The disease has forced several industries to shut their doors temporarily, including several subdomains of healthcare. The COVID-19 pandemic negatively impacted the global patient warmer market initially in 2020 due to the global economic recession led by COVID-19 as well as hospitals around the world were completely focused on the COVID-19 situation, and postponed or canceled elective surgeries. These efforts are intended to ensure the availability of medical resources to serve COVID-19 patients as well as prevent exposure of the medical staff to the virus while dealing with other patients. The decision to postpone elective surgeries and other medical procedures has dampened the demand for patient warmer systems across hospitals. With all elective surgeries canceled & postponed, there has been a significant drop in the demand for a patient warmer market. 

However, the market is anticipated to witness recovery in 2021, and show stable growth for patient warmer in the coming future as all the pending elective procedures are conducted, along with the routine procedures. The market is expected to gain pace from 2022 onward on account of the increasing prevalence of clinical cases and surgeries and the resulting need for the patient warmer system. Thus, post the COVID-19 pandemic, the piled up services would be addressed, thus increasing the demand for patient warmers.

Patient Warmer Market Segmentation  

The global patient warmer market is segmented into product, type, end user, and region to provide a detailed assessment of the market. On the basis of product, the patient warmer market is categorized into surface warming systems, intravenous warming systems, and patient warming accessories. By type, it is categorized into portable and nonportable. Depending on end user, it is segregated into hospitals, ambulatory services, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segment Review

By product, the surface warming system segment dominated the global patient warmer market in 2020, and is expected to remain dominant throughout the forecast period, owing to increase in adoption of surface warming systems in surgical procedures such as orthopedic surgeries, gynecology, obstetrics procedures, gastrointestinal procedures, and general surgeries.

By type, the nonportable segment dominated the global patient warmers market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increase in adoption of nonportable patient warmers in hospital and ambulatory services, owing to the admission of the patient for surgeries as well as an increase in prevalence of chronic diseases such as cardiovascular diseases & cancer.

On the basis of end user, the hospitals held the largest patient warmer market share in 2020, and are expected to remain dominant throughout the forecast period, owing to increase in adoption of the latest patient warmers devices by hospitals and the presence of knowledgeable surgeons performing the associated surgery.

Snapshot of the Asia-Pacific Patient Warmer Market  

Asia-Pacific offers profitable opportunities for key players operating in the patient warmer market, thereby registering the fastest growth rate during the forecast period, owing to improvement in healthcare infrastructure, rise in disposable incomes, and well-established presence of domestic companies in the region. 

In addition, factors such as increase in population and growth in the economies of developing countries such as India and China support the development of the patient warmer market in Asia. Technological advancements coupled with supportive investments and funds by the government especially in developing countries, such as India and China, are expected to contribute toward the market growth.

The key market players profiled in the report include 3M Company, Barkey GmbH & Co. KG, Baxter International Inc. (Gambro), Belmont Instrument, Biegler GmbH, Emit Corporation, GE Healthcare, Geratherm Medical, Smith’s Group Plc. (Smith’s Medical), and Stryker Corporation.

Key Benefits For Stakeholders

• The study provides an in-depth analysis of the global patient warmer market along with the current trends and future estimations to explain the imminent investment pockets.
• A comprehensive analysis of the factors that drive and restrict the patient warmer market growth is provided in the report.
• Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing patient warmer market opportunities.
• Extensive analysis of the key segments of the industry helps to understand the application and products of patient warmer used across the globe.
• Key market players and their strategies have been analyzed to understand the competitive outlook of the market.

 Patient Warmer Market Report Highlights