Increasing prevalence of Patient Warming Devices Market

 

Patient Warming Devices Market by Product (Surface Warming System, Intravenous Warming System, and Patient Warming Accessories), Type (Portable and Nonportable), and End User (Hospitals, Ambulatory Services, and Others and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Size, Share, Outlook, and Opportunity Analysis, 2023-2030

The global Patient Warming Devices Market is estimated to be valued at reach US$ 715.9 Million and is expected to exhibit a CAGR of 35.26 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A patient warming device that maintains the temperature of the patient’s body in the healthcare or operating room. Prior to and post the procedure the patient warming device consists of a reusable warming unit. The patient warming device is used to decrease the pain of the injury, inflammation and shivering in the operative patients effectively.

Competitive Landscape:

Key Players involved in the growth of the global Patient Warming Devices Market are , Emit Corporation, Belmont Instrument, Smith’s Group Plc. Geratherm Medical, M Company, Barkey GmbH & Co. KG, GE Healthcare, Baxter International Inc. (Gambro), Biegler GmbH and Stryker Corporation.

Market Key Drivers:

Increasing prevalence of cardiovascular diseases and the cancer cases is expected to augment the growth of global Patient Warming Devices Market. For instance, as per AHA, around 244.1 million people were suffering from heart diseases across the globe.

Increasing geriatric population and infant population is anticipated to propel the growth of global Patient Warming Devices Market. For instance, as per UNICEF over 15 million babies born across the globe are preterm.

Covid-19 Impact Analysis:

The COVID-19 outbreak has adversely affected the growth of global Patient Warming Devices Market due to global economic downturn occurred by the pandemic and healthcare centers worldwide were totally aiming on the pandemic situation, and delayed or canceled elective operations. The decision to delay elective procedures and other medical surgeries has reduced the need for patient warming devices in several healthcare centers. With all elective operations canceled and delayed, there has been a substantial drop in the necessity for a patient warmer devices in the market that impeded the growth of it.

Key Takeaways:

The global Patient Warming Devices Market is anticipated to exhibit a CAGR of 35.26 % during the forecast period due to rising surgeries in the healthcare. For instance, as per NIH, over 310 million major surgeries were globally performed.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the global Patient Warming Devices Market due to rising chronic disorders such as cardiovascular diseases, cancer, increasing preterm births and rise in geriatric population. For instance, as per CDC, around 20.1 million adults in U.S suffer from cardiovascular diseases annually.