The key players in the patient warming devices market are increasingly involved in innovations and product developments in technologies for widening applications. Patient warming devices in numerous sectors for fulfilling the need for the multi-dimensional devices for maintaining leading position in the global patient warming devices market. Some of the key players in the global patient warming devices market include 3M Health Care, C. R. Bard, Inc., ZOLL Medical Corporation, Stryker Corporation, and Smiths Medical. Among these, recently in 2019, Smiths Medical launched the convective warmer called Level 1. This product is a next-generation and a high-flow convective warmer, which gives healthcare providers a quiet and safe thermal care.
The patient warmer devices market is primarily gaining attention due to the increase in the number of surgical procedures and rising occurrence of cardiovascular. Additionally, growing oncology conditions coupled with the rising geriatric population and numerous other factor is augmenting the growth of the patient warmer devices market. Moreover, growing introduction of technically advanced products is leading to increasing awareness is creating numerous lucrative opportunities for the rapid growth of the patient warming devices market in the coming years.
The global patient warming devices market is estimated to attain a value of US$2.78 bn by 2024-end. The market stood at the value of US$1.73 bn in 2015 and expected to exhibit a CAGR of 5.3% from 2016 to 2024.
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Here are some other points, which are stats about patient warming devices market and might be interesting for investors and new players:
- Hypothermia is one of the major cause of deaths in wounded patients. Among the patient who needs operative intervention, warming is one of the major challenges. Patient warming does more than just providing relief to patients. These devices help patients to overcome the unintended loss of body heat and which help them for achieving the normal body temperature, which leads to improving the recovery. Thus, nursing staff uses these devices for offering better care in health care settings during or after surgeries and patient transfer. The physicians are suggesting these devices for anesthesia treated patients, injured and diseased patients, and across acute care settings.
- Among different type, the surface warming systems segment accounted for 76% share in the overall market in the year 2015. The segment is estimated to remain dominant over the forecast period being safe, simple, efficient, and available at low cost.
- Among applications, the perioperative care segment accounted for a leading share in the global patient warming devices market in 2015 and is expected to be dominant over the forecast period. This growth is attributable to the rising occurrence of severe illnesses and diseases and leads to fulfilling the demand for the advanced surgical intervention used in the treatment of hypothermia. Thus, perioperative care segment is contributing the highest share in the overall revenue generated by the global patient warming devices market.
Among the regions, North America held lion’s share of about 45.7% in the patient warming devices market in the year 2015 tailed by Europe and the Asia Pacific. This growth of the market is attributable to the technological advancement, well-established healthcare groundwork, a growing number of surgeries, and high awareness levels among people and consumers. Also, growing expenditure on wellbeing and healthcare is responsible for the growth of the North America patient warming devices market majorly