Patient Warmer Market Expected to Reach $3.49 Billion by 2030 | CAGR of 7.6%

According to a new report published by Allied Market Research, titled, “Patient Warmer Market, by Product, Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030," the global patient warmer market size was valued at $1.66 billion in 2020 and is projected to reach $3.49 billion by 2030 registering a CAGR of 7.6% from 2021 to 2030.

Patient warmer is a medical equipment that provides a simple solution used in maintaining the normothermia during surgical procedure. It is used during surgeries involving the use of general anesthesia. General anesthesia provided before surgery lowers the patient’s body temperature. Thus, prewarming of the patient’s body before surgery is required, thereby reducing the risk of perioperative hypothermia.

Increase in number of surgeries as well as a rise in the prevalence of cardiovascular diseases & cancer cases are the principal driving factors that boost the growth of the patient warmer market. In addition, surge in geriatric and preterm infant population fuels the growth of the patient warmer market. However, implementation of stringent regulatory framework for approval of patient warmers and high cost of technologically advanced patient warmer are some key challenges that hinder the growth of the market. On the contrary, the introduction of technologically advanced patient warmer is expected to create remunerative opportunities for manufacturers to tap and capitalize on the market.

COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. 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.

The global patient warmer market is segmented into product, type, end user, and region. Depending on product, the market is categorized into surface warming system, intravenous warming system, and patient warming accessories. The surface warming system was the major shareholder in 2020, owing to factors such as rise in adoption rate of surface warming systems in surgical procedures such as orthopedic surgeries, gynecology, and obstetrics procedures, gastrointestinal procedures, and general surgeries.

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

Depending on end user, it is categorized into hospitals, ambulatory services, and others. The hospitals acquired the largest share in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in adoption of the latest patient warmers devices by hospitals, and presence of knowledgeable surgeons performing the associated surgery.

Key Findings Of The Study

• Based on product, the surface warming system held largest share in the global market in 2020.
• Based on type, the non-portable held the largest patient warmer market share in 2020 and is expected to remain dominant throughout the forecast period.
• By end user, the hospitals dominate the global market in 2020 and is anticipated to continue this trend during the forecast period.
• Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 7.0 % during the forecast period.   

North America accounted for the largest share of the global patient warmer market in 2020, and is expected to remain dominant throughout the forecast period. This was attributed to the 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 country, further drive the growth of the patient warmer market.