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2022

Patient Warmer Market

Patient Warmer Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Surface Warming System, Intravenous Warming System, and Patient Warming Accessories), Type (Portable and Nonportable), and End User (Hospitals, Ambulatory Services, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Vishal Bhardwaj| Monika Darandale | Roshan Deshmukh
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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.

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.

Patient-Warmer-Market,-2021-2030

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.

Patient Warmer Market
By Product
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Surface Warming System segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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. 

Patient Warmer Market
By Type
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Non Portable segment is projected as one of the most lucrative segment.

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.

Patient Warmer Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

North America is expected to experience growth at the highest rate, registering a CAGR of 7.0 % during the forecast period.

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

Aspects Details
Patient Warmer Market By Product
By Product
  • Surface Warming System
  • Intravenous Warming System
  • Patient Warming Accessories
Patient Warmer Market By Type
By Type
  • Portable
  • Nonportable
Patient Warmer Market By End User
By End User
  • Hospitals
  • Ambulatory Services
  • Others
Patient Warmer Market By Region
By Region
  • North America   (U.S., Canada, Mexico)
  • Europe   (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific   (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA   (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Patient Warmer Market By Key Market Players
By Key Market Players
  • 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)
  • Stryker Corporation.

Analyst Review

The global patient warmer market is expected to exhibit high growth potential attributed to growth in the number of surgeries, increase in cases of cardiovascular diseases and cancer as well as the surge in geriatric and preterm infant population which are more prone to hypothermia.

North America is expected to witness the highest growth, in terms of revenue, owing to rise in awareness about patient warmer and the availability of advanced patient warmers. In addition, increased prevalence of cardiovascular diseases and cancer as well as an increase in the number of surgeries. In addition, growth in the geriatric population, as well as the high incidence of preterm birth in the region, further drive the growth of the patient warmer market.

Europe was the second largest contributor to the market in 2020, and is expected to register the fastest CAGR during the forecast period, owing to presence of well-established healthcare facilities coupled with technological innovations in patient warmer devices. However, Asia-Pacific is expected to emerge as a lucrative market with maximum growth potential, owing to the increase in healthcare spending, advancements in patient warmer technology, increase in the number of cardiovascular disease and cancer cases.

Author Name(s) : Vishal Bhardwaj| Monika Darandale | Roshan Deshmukh
Frequently Asked Questions?

Patient warmers are devices that assist to maintain an adequate amount of temperature in patients.

Patient warmers are medical equipment that provides a simple solution used in maintaining the normothermia during the surgical procedure

The total market value of patient warmer market is $1,664.45 million in 2020.

The forcast period for patient warmer market is 2021 to 2030

The market value of patient warmer market in 2021 is $1,812.59 million.

The surface warming system segment is the most influencing segment owing torise in adoption rate of surface warming systems in surgical procedures such as orthopedic surgeries, gynecology, and obstetrics procedures, gastrointestinal procedures, and general surgeries.

Growth in the number of surgeries, increase in cases of cardiovascular diseases and cancer as well as the surge in geriatric and preterm infant population which are more prone to hypothermia are some factors, which is expected to propel growth of the patient warmer market during the forecast period.

Asia-Pacific is expected to experience the highest growth rate during the forecast period, owing to growth in infrastructure of industries, rise in disposable incomes, and well-established presence of domestic companies in the region.

The base year is 2020 in patient warmer market

Top companies such as GE Healthcare, 3M Company, Geratherm Medical, Stryker Corporation, Baxter International, and Smiths Group Plc held a high market position in 2020.

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Patient Warmer Market

Global Opportunity Analysis and Industry Forecast, 2021-2030