Blood Warmer Devices Market to Grow at CAGR of 5.0% Through 2026
Verfasser: pradnya_86 on Tuesday, 5 December 2017According to a study by Future Market Insights (FMI), the global blood warmer devices market is anticipated to witness steady growth. The market is estimated to increase to 5.0% CAGR throughout the forecast period 2017-2026. Moreover, the market is also estimated to bring in US$ 223.5 million revenue by the end of 2026. Owing to the increasing incidence of trauma incidents, bypass surgeries, thyroid, orthopedic surgeries, and diabetes, the use of blood warming devices is also rising. The devices are also being used largely for treatment and prevention of complications such as hemorrhage and hypothermia. However, stringent government regulations and lack of awareness about the blood warming devices are some of the factors hampering the growth of the market.
Hypothermia has become very common and causes major complications, this is driving the demand for blood warmer devices. Since these devices can help in preventing complications during blood transfusion process the demand is expected to grow in the future. Companies are also investing in the research and development of portable and smart blood warming devices. Manufacturers are also working on new business strategies in order to launch a new product. Partnerships and collaborative activities are also on the rise. The demand for disposable blood and fluid warmer devices is also increasing, due to the rise in a number of complications.