Warming Cabinet Market

Warming Cabinet Market Size, Share, Growth Analysis, By Type (Revenue, USD Million, 2016 - 2027)(Single Cavity, Fluid), By Cubic Foot (Revenue, USD Million, 2016 - 2027)(More than 7.5 Cu ft (Large), Up to 7.5 Cu ft (Mid-size)), By Inches (Revenue, USD Million, 2016 - 2027)(More than 30 Inch, 30 Inch), By End-use (Revenue, USD Million, 2016 - 2027)(Hospital, Clinic), By Regional (Revenue, USD Million, 2016 - 2027)(North America, U.S.) - Industry Forecast 2024-2031

Report ID: UCMIG35A2830 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Warming Cabinet Market Insights

Market Overview:

The global warming cabinet market demonstrated a significant valuation of USD 1.1 billion in 2019 and is poised for sustained growth with an estimated compound annual growth rate (CAGR) of 4.3% spanning from 2020 to 2027. This growth trajectory is propelled by multiple influential factors that intersect in the healthcare sector. The surge in hospital admissions attributed to the COVID-19 pandemic, coupled with the escalating prevalence of chronic wounds on a global scale, is expected to be a driving force behind the market's expansion. The increasing frequency of surgeries further contributes to the market's momentum. Notably, the rise in healthcare-associated infections (HAIs) due to inadequate sanitation practices and preventative measures emerges as a critical factor fostering market growth. For instance, statistics from the CDC reveal that approximately 1 in 25 hospital patients contracts at least one HAI annually, underscoring the urgent need for advanced solutions like warming cabinets to mitigate such risks.

Warming Cabinet Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Warming Cabinet Market is segmented by Type (Revenue, USD Million, 2016 - 2027), Cubic Foot (Revenue, USD Million, 2016 - 2027), Inches (Revenue, USD Million, 2016 - 2027), End-use (Revenue, USD Million, 2016 - 2027), Regional (Revenue, USD Million, 2016 - 2027). We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Warming Cabinet Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Type (Revenue, USD Million, 2016 - 2027) the market is segmented as, Single Cavity, Fluid, Blanket, Combo, Multiple Cavity
  • Based on Cubic Foot (Revenue, USD Million, 2016 - 2027) the market is segmented as, More than 7.5 Cu ft (Large), Up to 7.5 Cu ft (Mid-size), Up to 5 Cu ft (Small)
  • Based on Inches (Revenue, USD Million, 2016 - 2027) the market is segmented as, More than 30 Inch, 30 Inch, 24 Inch, Less than 24 Inch
  • Based on End-use (Revenue, USD Million, 2016 - 2027) the market is segmented as, Hospital, Clinic, Others
  • Based on Regional (Revenue, USD Million, 2016 - 2027) the market is segmented as, North America, U.S., Canada, Europe, Germany, U.K., Spain, France, Italy, Asia Pacific, China, Japan, Australia, South Korea, India, Latin America, Brazil, Mexico, Argentina, Middle East & Africa, South Africa, Saudi Arabia, KEY PLATERS, STERIS PLC, MAC Medical, Inc., Blickman, Inc., Continental Metal Products, Inc., Natus Medical Incorporated, Future Health Concepts, Inc., CME Corp., Skytron, LLC, Surgmed, Barkey, Kanmed AB, Getinge AB, Pedigo Products, Enthermics, Inc.

Regional Analysis:

Warming Cabinet Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Warming Cabinet Market Attractiveness Analysis, By Region 2020-2028
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Warming Cabinet Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Warming Cabinet Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Warming Cabinet Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Warming Cabinet Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Warming Cabinet Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • rview
  • The global warming cabinet market size was valued at USD 1.1 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027. The rising number of hospital admissions due to COVID-19, increasing prevalence of chronic wounds globally, and increasing number of surgeries is anticipated to drive the market over the forecast period. Increasing incidence of HAIs due to lack of sanitation and precaution is one of the leading factors contributing to market growth. For instance, as per the CDC, about 1 in 25 hospital patients contracts at least one HAI every year.
  • The blanket and fluid warming cabinets help in minimizing contamination and infection levels in blankets and fluids, which lowers the risk of contracting HAIs. Furthermore, these warming cabinets have antimicrobial controls owing to which it warms and protects the blanket from bacterial infection, thereby increasing patient comfort. For instance, in June 2019, MAC Medical, Inc. introduced CuVerro antimicrobial copper handles as an option for all warming cabinets. CuVerro is an antimicrobial and bactericidal and reduces bacterial growth in blankets and fluids. Therefore, as a safety measure and to increase patient comfort, healthcare professionals recommend the use of warming cabinets in hospitals and clinics. Hence, increasing cases of HAIs is expected to boost the market growth.
  • Global increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is anticipated to boost the demand for warming cabinets. Antimicrobial resistance, increase in unhealthy and sedentary lifestyles, smoking, and alcohol consumption, are some of the major factors contributing to the rise in the prevalence of chronic diseases. According to the National Diabetes Statistic Report 2017, published by the CDC, more than 100.0 million people in U.S. were living with diabetes or prediabetes. In addition, the WHO reported that in 2016 approximately 1.6 million global deaths were directly caused due to diabetes. Cancer has been a global healthcare burden as it is one of the leading causes of death. According to estimates from the WHO, cancer is the leading cause of death globally and almost 1 in 6 deaths can be attributed to this disease. In addition, it also reported that over 70.0% of cancer-related deaths typically occur in middle- and low-income countries.
  • Rising prevalence of chronic conditions has significantly increased hospital admission rates. Continuous supply of blankets and sterile fluids is one of the essential requirements in hospitals and clinics. Thus, in such cases, medical warming cabinets serve the purpose efficiently, as they reduce the risk of infection transmission among patients and help maintain patient comfort. In addition, providing comfortable and warm blankets to patients also help with a patient’s anxiety and nervousness. Thus, increasing prevalence of chronic diseases is expected to positively impact the market during the forecast period.
  • The increasing cases of sports injuries and the rising number of orthopedic surgeries are also anticipated to increase the hospital admission rate owing to which market growth is anticipated. For instance, as per the journal published by Becker's Healthcare in 2017, more than 3.5 million children suffer from sports injuries every year. Similarly, according to the report published by the American Academy of Orthopedic Surgeons in 2018, the total joint replacement is one of the most commonly performed surgical procedures in U.S. and the rate has continuously increased in recent years. Since, patients undergoing surgeries generally require long hospital stays, thus, in such cases blanket warmers is one of the essential requirements to maintain the comfort and hygiene of the patients. Therefore, this factor is expected to drive market growth over the forecast period.
  • Type Insights
  • The single cavity led the market and accounted for more than 60.3% share of the global revenue in 2019. Based on type, single cavity warming cabinets are further segmented into fluid warming cabinets, blanket warming cabinets, combination (fluid and blanket) warming cabinets. These single cavity warming cabinets are ideal for hospital settings and designed to store and warm sterile IV fluids, linens, surgical irrigation fluids, and blankets at the required temperature. These cabinets are equipped with a digitally programmed heating chamber that offers temperature and humidity control with set point display. For instance, Steris AMSCO is a single compartment warming cabinet designed to keep blankets, linens, and fluids at the required temperature.
  • The multiple cavity segment is anticipated to witness the fastest growth rate over the forecast period. Multiple cavity cabinets are designed to maintain separate controls and compartments to warm blankets and fluids at different temperatures. It offers the flexibility of two or more independently controlled warming compartments. Multiple cavity warming cabinets can store and warm sterile IV fluids, linens and blankets, and surgical irrigation fluids in the same cabinet, making it easy to regulate the temperatures of both top and bottom chambers. Some of the products offered under this segment are AMSCO dual compartment warming cabinets by STERIS and High double door solution/blanket warming cabinet by Blickman.
  • Cubic Foot Insights
  • The more than 7.5 Cu ft (large) segment led the market and accounted for more than 43.0% share of the global revenue in 2019. Full height warming cabinets come in single, double, and triple compartment models. These chambers warm blankets and solutions separately in individually controlled compartments. The AMSCO warming cabinet model provides up to 15.8 cu. ft. capacity. Similarly, Pedigo’s deluxe model warming cabinet compartment size is 20.6 cu. ft. and features one compartment with two doors, whereas its 7.7 cu. ft. warming cabinet features two compartments, each with individual controls.
  • The up to 7.5 Cu ft (mid-size) segment is anticipated to witness the fastest growth in the warming cabinet market over the forecast period. Mid-size warming cabinet is the best option to fit in small clinical spaces and is designed to meet specific requirements of healthcare facilities. This can store and warm sterile IV fluids, surgical irrigation fluids, linen, and blankets. For instance, AMSCO by STERIS is a mid-size warming cabinet, which has a single heating chamber of 7.2 cu. ft. total capacity. Similarly, Continental Metal Products offers 45-inch-high mid-sized solution and blanket warmers can be easily fit in places where area is limited.
  • Inches Insights
  • The 24 inch segment led the market and accounted for more than 35.0% share of the global revenue in 2019. Standard features offered by 24 inch warming cabinet are:
  • FDA compliant data logging with digital signatures
  • Supports multiple languages
  • Remote monitoring & controls
  • Intuitive touchscreen controls
  • Stainless steel door
  • Storage capacity of 24 inches warming cabinets are approximately 60 to 70 blankets or 70 to 75 solution bottles (1 liter each).
  • The less than 24 inch segment is anticipated to witness the fastest growth over the forecast period. Standard features offered by less than 24 inches warming cabinet are:
  • Temperature range of 90 degrees to 160 degrees F (Tolerance ± 3 degrees F)
  • FDA compliant data logging with digital signatures
  • Intuitive touchscreen controls
  • Smartphone/device access
  • Storage capacity of less than 24 inches warming cabinets is approximately 30 to 35 blankets or 50 to 60 solution bottles (1 liter each).
  • End-use Insights
  • The hospital segment led the market and accounted for more than 45.0% share of the global revenue in 2019. The growth of this segment can be attributed to the upsurge in surgical procedures globally and an increase in the number of road accidents, which require the use of infusion of IV solutions and fluids. Furthermore, the availability of technologically advanced warming cabinet products and an increase in the number of chronic ailments and infectious diseases will further enhance market growth during the forecast period. In addition, hospital institutions are considered as large buyers of warming cabinets having long-term contracts with suppliers, which enhances the negotiating power of suppliers and create a market for after sales services. Thus, an increase in the number of hospitalizations worldwide and a rise in the adoption of technologically advanced products in hospitals are leading to an increase in the number of patients availing treatments in hospitals. Moreover, increasing healthcare expenditure in developed and developing countries might increase the number of hospitals owing to which demand for warming cabinets is also expected to increase.
  • The others segment is anticipated to witness the fastest growth over the forecast period. Others segment includes ambulatory care, long-term care and nursing homes, and others. This segment is anticipated to witness moderate growth rate during the forecast period owing to low awareness of technologically advanced products in developing countries. In addition, low disposable income in developing and underdeveloped countries may decrease the demand for such facilities, as they are comparatively expensive than other healthcare facilities. Moreover, low healthcare expenditure in some developing countries may hinder segment growth during the forecast period.
  • Regional Insights
  • North America dominated the market and accounted for over a 35.8% share of global revenue in 2019. The increase in the number of surgical procedures/hospital visits, well-established healthcare infrastructure, and favorable reimbursement and regulatory policies in the healthcare sector are the major factors driving the market in the region. According to the Centers for Medicare and Medicaid Services (CMS), the health spending in U.S. is expected to grow at 5.5% every year from 2018 to 2027 and is estimated to reach USD 6.0 trillion by 2027. Ease of access to healthcare technologies and the presence of strong distribution channels are also driving the adoption of warming cabinets in North America. Moreover, rapid technological advancements and the presence of major medical device companies, such as Steris; Blickman; Continental Metal Products; Pedigo, and Enthermics offering warming cabinets, are also among factors contributing to the market growth in the region. Thus, North America is expected to dominate the market during the forecast period.
  • Asia Pacific accounted for a revenue share of 18.4% of the market in 2019 and is expected to witness the fastest growth rate over the forecast period. The presence of a large patient pool along with a growing need for technologically advanced and cost-efficient healthcare solutions is expected to present significant regional growth opportunities in the market. Moreover, an increase in the number of clinical trials and high R&D investments by global players to enter untapped markets in Asia Pacific owing to low-cost services are high impact rendering drivers of the market. In addition, an increase in the number of hospitalization and advancements in the clinical development framework of developing economies are few other factors aiding market growth in the region. Moreover, the rising elderly population and the growing burden of chronic diseases are factors expected to boost the demand for warming cabinet in Asia Pacific in the coming years. According to WHO (NCD Burden in the South-East Asia Region: Regional Action Plan and Targets), in 2008, approximately 7.9 million people died due to various non communicable diseases in the region. It also reported that cardiovascular diseases, diabetes, and cancer are the most common diseases in the region. However, a limited number of advanced healthcare facilities, lack of skilled professionals, and poor healthcare reimbursement scenarios may hinder market growth in the region.
  • In Latin America, the market is anticipated to witness a moderate growth rate of 4.9% over the forecast period. Rapidly developing economies such as Brazil and Mexico are primarily driving the growth of the market in the region. Increasing cases of hypothermia, rising prevalence of chronic diseases, and a rapidly aging population are among factors leading to an increased need for warming cabinets. In addition, governments of various countries in the region are striving to improve healthcare infrastructure. Hence, an increase in the number of patients seeking safer healthcare solutions is likely to drive the market in the region. Moreover, increasing healthcare expenditure in most of the Latin American countries is providing ample growth opportunities to players in the global market. For instance, according to the WHO, in 2016, Brazil’s healthcare expenditure as a share of GDP was 8.5%, Argentina’s was 4.2%, Mexico’s was 6.5%, and Chile’s was 8.3%. In addition, there are several health agreements between the U.S. medical centers and private hospitals in Brazil, Chile, and Argentina. These agreements have increased awareness about new technologies, which has led to a rise in the adoption of warming cabinets.
  • Key Companies & Market Share Insights
  • Key companies are stressing on research and development to develop technologically advanced products to gain a competitive edge. For instance, in April 2020, Continental Metal Products, Inc. launched Small Pass Through Chamber USP 800 Hospital Pharmacy designed for non-sterile and sterile cleanrooms. This product is small and easy to handle and is ideal for operating rooms, pharmacies, laboratories, sterile processing departments in ambulatory surgery centers, hospitals, and other cleanroom environments.
  • Companies are engaging in partnerships, mergers, and acquisitions, aiming to strengthen their product portfolio, manufacturing capacities, and provide competitive differentiation. For instance, in November 2019, Blickman Industries announced its partnership with Allied BioScience with an aim to launch medical equipment product portfolio coated with antimicrobial protection. This medical equipment portfolio includes IV poles, warming cabinets, Mayo stands, case carts, and operating room cabinets.
  • KEY MARKET SEGMENTS
  • By Type (Revenue, USD Million, 2016 - 2027)
  • Single Cavity
  • Fluid
  • Blanket
  • Combo
  • Multiple Cavity
  • By Cubic Foot (Revenue, USD Million, 2016 - 2027)
  • More than 7.5 Cu ft (Large)
  • Up to 7.5 Cu ft (Mid-size)
  • Up to 5 Cu ft (Small)
  • By Inches (Revenue, USD Million, 2016 - 2027)
  • More than 30 Inch
  • 30 Inch
  • 24 Inch
  • Less than 24 Inch
  • By End-use (Revenue, USD Million, 2016 - 2027)
  • Hospital
  • Clinic
  • Others
  • By Regional (Revenue, USD Million, 2016 - 2027)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Asia Pacific
  • China
  • Japan
  • Australia
  • South Korea
  • India
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • KEY PLATERS
  • STERIS PLC
  • MAC Medical, Inc.
  • Blickman, Inc.
  • Continental Metal Products, Inc.
  • Natus Medical Incorporated
  • Future Health Concepts, Inc.
  • CME Corp.
  • Skytron, LLC
  • Surgmed
  • Barkey
  • Kanmed AB
  • Getinge AB
  • Pedigo Products
  • Enthermics, Inc."

SkyQuest's Expertise:

The Warming Cabinet Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Type (Revenue, USD Million, 2016 - 2027) - Single Cavity, Fluid, Blanket, Combo, Multiple Cavity
  • By Cubic Foot (Revenue, USD Million, 2016 - 2027) - More than 7.5 Cu ft (Large), Up to 7.5 Cu ft (Mid-size), Up to 5 Cu ft (Small)
  • By Inches (Revenue, USD Million, 2016 - 2027) - More than 30 Inch, 30 Inch, 24 Inch, Less than 24 Inch
  • By End-use (Revenue, USD Million, 2016 - 2027) - Hospital, Clinic, Others
  • By Regional (Revenue, USD Million, 2016 - 2027) - North America, U.S., Canada, Europe, Germany, U.K., Spain, France, Italy, Asia Pacific, China, Japan, Australia, South Korea, India, Latin America, Brazil, Mexico, Argentina, Middle East & Africa, South Africa, Saudi Arabia, KEY PLATERS, STERIS PLC, MAC Medical, Inc., Blickman, Inc., Continental Metal Products, Inc., Natus Medical Incorporated, Future Health Concepts, Inc., CME Corp., Skytron, LLC, Surgmed, Barkey, Kanmed AB, Getinge AB, Pedigo Products, Enthermics, Inc.
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • rview
  • The global warming cabinet market size was valued at USD 1.1 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027. The rising number of hospital admissions due to COVID-19, increasing prevalence of chronic wounds globally, and increasing number of surgeries is anticipated to drive the market over the forecast period. Increasing incidence of HAIs due to lack of sanitation and precaution is one of the leading factors contributing to market growth. For instance, as per the CDC, about 1 in 25 hospital patients contracts at least one HAI every year.
  • The blanket and fluid warming cabinets help in minimizing contamination and infection levels in blankets and fluids, which lowers the risk of contracting HAIs. Furthermore, these warming cabinets have antimicrobial controls owing to which it warms and protects the blanket from bacterial infection, thereby increasing patient comfort. For instance, in June 2019, MAC Medical, Inc. introduced CuVerro antimicrobial copper handles as an option for all warming cabinets. CuVerro is an antimicrobial and bactericidal and reduces bacterial growth in blankets and fluids. Therefore, as a safety measure and to increase patient comfort, healthcare professionals recommend the use of warming cabinets in hospitals and clinics. Hence, increasing cases of HAIs is expected to boost the market growth.
  • Global increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is anticipated to boost the demand for warming cabinets. Antimicrobial resistance, increase in unhealthy and sedentary lifestyles, smoking, and alcohol consumption, are some of the major factors contributing to the rise in the prevalence of chronic diseases. According to the National Diabetes Statistic Report 2017, published by the CDC, more than 100.0 million people in U.S. were living with diabetes or prediabetes. In addition, the WHO reported that in 2016 approximately 1.6 million global deaths were directly caused due to diabetes. Cancer has been a global healthcare burden as it is one of the leading causes of death. According to estimates from the WHO, cancer is the leading cause of death globally and almost 1 in 6 deaths can be attributed to this disease. In addition, it also reported that over 70.0% of cancer-related deaths typically occur in middle- and low-income countries.
  • Rising prevalence of chronic conditions has significantly increased hospital admission rates. Continuous supply of blankets and sterile fluids is one of the essential requirements in hospitals and clinics. Thus, in such cases, medical warming cabinets serve the purpose efficiently, as they reduce the risk of infection transmission among patients and help maintain patient comfort. In addition, providing comfortable and warm blankets to patients also help with a patient’s anxiety and nervousness. Thus, increasing prevalence of chronic diseases is expected to positively impact the market during the forecast period.
  • The increasing cases of sports injuries and the rising number of orthopedic surgeries are also anticipated to increase the hospital admission rate owing to which market growth is anticipated. For instance, as per the journal published by Becker's Healthcare in 2017, more than 3.5 million children suffer from sports injuries every year. Similarly, according to the report published by the American Academy of Orthopedic Surgeons in 2018, the total joint replacement is one of the most commonly performed surgical procedures in U.S. and the rate has continuously increased in recent years. Since, patients undergoing surgeries generally require long hospital stays, thus, in such cases blanket warmers is one of the essential requirements to maintain the comfort and hygiene of the patients. Therefore, this factor is expected to drive market growth over the forecast period.
  • Type Insights
  • The single cavity led the market and accounted for more than 60.3% share of the global revenue in 2019. Based on type, single cavity warming cabinets are further segmented into fluid warming cabinets, blanket warming cabinets, combination (fluid and blanket) warming cabinets. These single cavity warming cabinets are ideal for hospital settings and designed to store and warm sterile IV fluids, linens, surgical irrigation fluids, and blankets at the required temperature. These cabinets are equipped with a digitally programmed heating chamber that offers temperature and humidity control with set point display. For instance, Steris AMSCO is a single compartment warming cabinet designed to keep blankets, linens, and fluids at the required temperature.
  • The multiple cavity segment is anticipated to witness the fastest growth rate over the forecast period. Multiple cavity cabinets are designed to maintain separate controls and compartments to warm blankets and fluids at different temperatures. It offers the flexibility of two or more independently controlled warming compartments. Multiple cavity warming cabinets can store and warm sterile IV fluids, linens and blankets, and surgical irrigation fluids in the same cabinet, making it easy to regulate the temperatures of both top and bottom chambers. Some of the products offered under this segment are AMSCO dual compartment warming cabinets by STERIS and High double door solution/blanket warming cabinet by Blickman.
  • Cubic Foot Insights
  • The more than 7.5 Cu ft (large) segment led the market and accounted for more than 43.0% share of the global revenue in 2019. Full height warming cabinets come in single, double, and triple compartment models. These chambers warm blankets and solutions separately in individually controlled compartments. The AMSCO warming cabinet model provides up to 15.8 cu. ft. capacity. Similarly, Pedigo’s deluxe model warming cabinet compartment size is 20.6 cu. ft. and features one compartment with two doors, whereas its 7.7 cu. ft. warming cabinet features two compartments, each with individual controls.
  • The up to 7.5 Cu ft (mid-size) segment is anticipated to witness the fastest growth in the warming cabinet market over the forecast period. Mid-size warming cabinet is the best option to fit in small clinical spaces and is designed to meet specific requirements of healthcare facilities. This can store and warm sterile IV fluids, surgical irrigation fluids, linen, and blankets. For instance, AMSCO by STERIS is a mid-size warming cabinet, which has a single heating chamber of 7.2 cu. ft. total capacity. Similarly, Continental Metal Products offers 45-inch-high mid-sized solution and blanket warmers can be easily fit in places where area is limited.
  • Inches Insights
  • The 24 inch segment led the market and accounted for more than 35.0% share of the global revenue in 2019. Standard features offered by 24 inch warming cabinet are:
  • FDA compliant data logging with digital signatures
  • Supports multiple languages
  • Remote monitoring & controls
  • Intuitive touchscreen controls
  • Stainless steel door
  • Storage capacity of 24 inches warming cabinets are approximately 60 to 70 blankets or 70 to 75 solution bottles (1 liter each).
  • The less than 24 inch segment is anticipated to witness the fastest growth over the forecast period. Standard features offered by less than 24 inches warming cabinet are:
  • Temperature range of 90 degrees to 160 degrees F (Tolerance ± 3 degrees F)
  • FDA compliant data logging with digital signatures
  • Intuitive touchscreen controls
  • Smartphone/device access
  • Storage capacity of less than 24 inches warming cabinets is approximately 30 to 35 blankets or 50 to 60 solution bottles (1 liter each).
  • End-use Insights
  • The hospital segment led the market and accounted for more than 45.0% share of the global revenue in 2019. The growth of this segment can be attributed to the upsurge in surgical procedures globally and an increase in the number of road accidents, which require the use of infusion of IV solutions and fluids. Furthermore, the availability of technologically advanced warming cabinet products and an increase in the number of chronic ailments and infectious diseases will further enhance market growth during the forecast period. In addition, hospital institutions are considered as large buyers of warming cabinets having long-term contracts with suppliers, which enhances the negotiating power of suppliers and create a market for after sales services. Thus, an increase in the number of hospitalizations worldwide and a rise in the adoption of technologically advanced products in hospitals are leading to an increase in the number of patients availing treatments in hospitals. Moreover, increasing healthcare expenditure in developed and developing countries might increase the number of hospitals owing to which demand for warming cabinets is also expected to increase.
  • The others segment is anticipated to witness the fastest growth over the forecast period. Others segment includes ambulatory care, long-term care and nursing homes, and others. This segment is anticipated to witness moderate growth rate during the forecast period owing to low awareness of technologically advanced products in developing countries. In addition, low disposable income in developing and underdeveloped countries may decrease the demand for such facilities, as they are comparatively expensive than other healthcare facilities. Moreover, low healthcare expenditure in some developing countries may hinder segment growth during the forecast period.
  • Regional Insights
  • North America dominated the market and accounted for over a 35.8% share of global revenue in 2019. The increase in the number of surgical procedures/hospital visits, well-established healthcare infrastructure, and favorable reimbursement and regulatory policies in the healthcare sector are the major factors driving the market in the region. According to the Centers for Medicare and Medicaid Services (CMS), the health spending in U.S. is expected to grow at 5.5% every year from 2018 to 2027 and is estimated to reach USD 6.0 trillion by 2027. Ease of access to healthcare technologies and the presence of strong distribution channels are also driving the adoption of warming cabinets in North America. Moreover, rapid technological advancements and the presence of major medical device companies, such as Steris; Blickman; Continental Metal Products; Pedigo, and Enthermics offering warming cabinets, are also among factors contributing to the market growth in the region. Thus, North America is expected to dominate the market during the forecast period.
  • Asia Pacific accounted for a revenue share of 18.4% of the market in 2019 and is expected to witness the fastest growth rate over the forecast period. The presence of a large patient pool along with a growing need for technologically advanced and cost-efficient healthcare solutions is expected to present significant regional growth opportunities in the market. Moreover, an increase in the number of clinical trials and high R&D investments by global players to enter untapped markets in Asia Pacific owing to low-cost services are high impact rendering drivers of the market. In addition, an increase in the number of hospitalization and advancements in the clinical development framework of developing economies are few other factors aiding market growth in the region. Moreover, the rising elderly population and the growing burden of chronic diseases are factors expected to boost the demand for warming cabinet in Asia Pacific in the coming years. According to WHO (NCD Burden in the South-East Asia Region: Regional Action Plan and Targets), in 2008, approximately 7.9 million people died due to various non communicable diseases in the region. It also reported that cardiovascular diseases, diabetes, and cancer are the most common diseases in the region. However, a limited number of advanced healthcare facilities, lack of skilled professionals, and poor healthcare reimbursement scenarios may hinder market growth in the region.
  • In Latin America, the market is anticipated to witness a moderate growth rate of 4.9% over the forecast period. Rapidly developing economies such as Brazil and Mexico are primarily driving the growth of the market in the region. Increasing cases of hypothermia, rising prevalence of chronic diseases, and a rapidly aging population are among factors leading to an increased need for warming cabinets. In addition, governments of various countries in the region are striving to improve healthcare infrastructure. Hence, an increase in the number of patients seeking safer healthcare solutions is likely to drive the market in the region. Moreover, increasing healthcare expenditure in most of the Latin American countries is providing ample growth opportunities to players in the global market. For instance, according to the WHO, in 2016, Brazil’s healthcare expenditure as a share of GDP was 8.5%, Argentina’s was 4.2%, Mexico’s was 6.5%, and Chile’s was 8.3%. In addition, there are several health agreements between the U.S. medical centers and private hospitals in Brazil, Chile, and Argentina. These agreements have increased awareness about new technologies, which has led to a rise in the adoption of warming cabinets.
  • Key Companies & Market Share Insights
  • Key companies are stressing on research and development to develop technologically advanced products to gain a competitive edge. For instance, in April 2020, Continental Metal Products, Inc. launched Small Pass Through Chamber USP 800 Hospital Pharmacy designed for non-sterile and sterile cleanrooms. This product is small and easy to handle and is ideal for operating rooms, pharmacies, laboratories, sterile processing departments in ambulatory surgery centers, hospitals, and other cleanroom environments.
  • Companies are engaging in partnerships, mergers, and acquisitions, aiming to strengthen their product portfolio, manufacturing capacities, and provide competitive differentiation. For instance, in November 2019, Blickman Industries announced its partnership with Allied BioScience with an aim to launch medical equipment product portfolio coated with antimicrobial protection. This medical equipment portfolio includes IV poles, warming cabinets, Mayo stands, case carts, and operating room cabinets.
  • KEY MARKET SEGMENTS
  • By Type (Revenue, USD Million, 2016 - 2027)
  • Single Cavity
  • Fluid
  • Blanket
  • Combo
  • Multiple Cavity
  • By Cubic Foot (Revenue, USD Million, 2016 - 2027)
  • More than 7.5 Cu ft (Large)
  • Up to 7.5 Cu ft (Mid-size)
  • Up to 5 Cu ft (Small)
  • By Inches (Revenue, USD Million, 2016 - 2027)
  • More than 30 Inch
  • 30 Inch
  • 24 Inch
  • Less than 24 Inch
  • By End-use (Revenue, USD Million, 2016 - 2027)
  • Hospital
  • Clinic
  • Others
  • By Regional (Revenue, USD Million, 2016 - 2027)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Asia Pacific
  • China
  • Japan
  • Australia
  • South Korea
  • India
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • KEY PLATERS
  • STERIS PLC
  • MAC Medical, Inc.
  • Blickman, Inc.
  • Continental Metal Products, Inc.
  • Natus Medical Incorporated
  • Future Health Concepts, Inc.
  • CME Corp.
  • Skytron, LLC
  • Surgmed
  • Barkey
  • Kanmed AB
  • Getinge AB
  • Pedigo Products
  • Enthermics, Inc."
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Warming Cabinet Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Warming Cabinet Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • rview
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The global warming cabinet market size was valued at USD 1.1 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027. The rising number of hospital admissions due to COVID-19, increasing prevalence of chronic wounds globally, and increasing number of surgeries is anticipated to drive the market over the forecast period. Increasing incidence of HAIs due to lack of sanitation and precaution is one of the leading factors contributing to market growth. For instance, as per the CDC, about 1 in 25 hospital patients contracts at least one HAI every year.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The blanket and fluid warming cabinets help in minimizing contamination and infection levels in blankets and fluids, which lowers the risk of contracting HAIs. Furthermore, these warming cabinets have antimicrobial controls owing to which it warms and protects the blanket from bacterial infection, thereby increasing patient comfort. For instance, in June 2019, MAC Medical, Inc. introduced CuVerro antimicrobial copper handles as an option for all warming cabinets. CuVerro is an antimicrobial and bactericidal and reduces bacterial growth in blankets and fluids. Therefore, as a safety measure and to increase patient comfort, healthcare professionals recommend the use of warming cabinets in hospitals and clinics. Hence, increasing cases of HAIs is expected to boost the market growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is anticipated to boost the demand for warming cabinets. Antimicrobial resistance, increase in unhealthy and sedentary lifestyles, smoking, and alcohol consumption, are some of the major factors contributing to the rise in the prevalence of chronic diseases. According to the National Diabetes Statistic Report 2017, published by the CDC, more than 100.0 million people in U.S. were living with diabetes or prediabetes. In addition, the WHO reported that in 2016 approximately 1.6 million global deaths were directly caused due to diabetes. Cancer has been a global healthcare burden as it is one of the leading causes of death. According to estimates from the WHO, cancer is the leading cause of death globally and almost 1 in 6 deaths can be attributed to this disease. In addition, it also reported that over 70.0% of cancer-related deaths typically occur in middle- and low-income countries.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rising prevalence of chronic conditions has significantly increased hospital admission rates. Continuous supply of blankets and sterile fluids is one of the essential requirements in hospitals and clinics. Thus, in such cases, medical warming cabinets serve the purpose efficiently, as they reduce the risk of infection transmission among patients and help maintain patient comfort. In addition, providing comfortable and warm blankets to patients also help with a patient’s anxiety and nervousness. Thus, increasing prevalence of chronic diseases is expected to positively impact the market during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The increasing cases of sports injuries and the rising number of orthopedic surgeries are also anticipated to increase the hospital admission rate owing to which market growth is anticipated. For instance, as per the journal published by Becker's Healthcare in 2017, more than 3.5 million children suffer from sports injuries every year. Similarly, according to the report published by the American Academy of Orthopedic Surgeons in 2018, the total joint replacement is one of the most commonly performed surgical procedures in U.S. and the rate has continuously increased in recent years. Since, patients undergoing surgeries generally require long hospital stays, thus, in such cases blanket warmers is one of the essential requirements to maintain the comfort and hygiene of the patients. Therefore, this factor is expected to drive market growth over the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Type Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The single cavity led the market and accounted for more than 60.3% share of the global revenue in 2019. Based on type, single cavity warming cabinets are further segmented into fluid warming cabinets, blanket warming cabinets, combination (fluid and blanket) warming cabinets. These single cavity warming cabinets are ideal for hospital settings and designed to store and warm sterile IV fluids, linens, surgical irrigation fluids, and blankets at the required temperature. These cabinets are equipped with a digitally programmed heating chamber that offers temperature and humidity control with set point display. For instance, Steris AMSCO is a single compartment warming cabinet designed to keep blankets, linens, and fluids at the required temperature.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The multiple cavity segment is anticipated to witness the fastest growth rate over the forecast period. Multiple cavity cabinets are designed to maintain separate controls and compartments to warm blankets and fluids at different temperatures. It offers the flexibility of two or more independently controlled warming compartments. Multiple cavity warming cabinets can store and warm sterile IV fluids, linens and blankets, and surgical irrigation fluids in the same cabinet, making it easy to regulate the temperatures of both top and bottom chambers. Some of the products offered under this segment are AMSCO dual compartment warming cabinets by STERIS and High double door solution/blanket warming cabinet by Blickman.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cubic Foot Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The more than 7.5 Cu ft (large) segment led the market and accounted for more than 43.0% share of the global revenue in 2019. Full height warming cabinets come in single, double, and triple compartment models. These chambers warm blankets and solutions separately in individually controlled compartments. The AMSCO warming cabinet model provides up to 15.8 cu. ft. capacity. Similarly, Pedigo’s deluxe model warming cabinet compartment size is 20.6 cu. ft. and features one compartment with two doors, whereas its 7.7 cu. ft. warming cabinet features two compartments, each with individual controls.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The up to 7.5 Cu ft (mid-size) segment is anticipated to witness the fastest growth in the warming cabinet market over the forecast period. Mid-size warming cabinet is the best option to fit in small clinical spaces and is designed to meet specific requirements of healthcare facilities. This can store and warm sterile IV fluids, surgical irrigation fluids, linen, and blankets. For instance, AMSCO by STERIS is a mid-size warming cabinet, which has a single heating chamber of 7.2 cu. ft. total capacity. Similarly, Continental Metal Products offers 45-inch-high mid-sized solution and blanket warmers can be easily fit in places where area is limited.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Inches Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The 24 inch segment led the market and accounted for more than 35.0% share of the global revenue in 2019. Standard features offered by 24 inch warming cabinet are:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • FDA compliant data logging with digital signatures
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Supports multiple languages
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Remote monitoring & controls
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Intuitive touchscreen controls
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Stainless steel door
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Storage capacity of 24 inches warming cabinets are approximately 60 to 70 blankets or 70 to 75 solution bottles (1 liter each).
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The less than 24 inch segment is anticipated to witness the fastest growth over the forecast period. Standard features offered by less than 24 inches warming cabinet are:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Temperature range of 90 degrees to 160 degrees F (Tolerance ± 3 degrees F)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • FDA compliant data logging with digital signatures
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Intuitive touchscreen controls
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Smartphone/device access
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Storage capacity of less than 24 inches warming cabinets is approximately 30 to 35 blankets or 50 to 60 solution bottles (1 liter each).
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • End-use Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The hospital segment led the market and accounted for more than 45.0% share of the global revenue in 2019. The growth of this segment can be attributed to the upsurge in surgical procedures globally and an increase in the number of road accidents, which require the use of infusion of IV solutions and fluids. Furthermore, the availability of technologically advanced warming cabinet products and an increase in the number of chronic ailments and infectious diseases will further enhance market growth during the forecast period. In addition, hospital institutions are considered as large buyers of warming cabinets having long-term contracts with suppliers, which enhances the negotiating power of suppliers and create a market for after sales services. Thus, an increase in the number of hospitalizations worldwide and a rise in the adoption of technologically advanced products in hospitals are leading to an increase in the number of patients availing treatments in hospitals. Moreover, increasing healthcare expenditure in developed and developing countries might increase the number of hospitals owing to which demand for warming cabinets is also expected to increase.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The others segment is anticipated to witness the fastest growth over the forecast period. Others segment includes ambulatory care, long-term care and nursing homes, and others. This segment is anticipated to witness moderate growth rate during the forecast period owing to low awareness of technologically advanced products in developing countries. In addition, low disposable income in developing and underdeveloped countries may decrease the demand for such facilities, as they are comparatively expensive than other healthcare facilities. Moreover, low healthcare expenditure in some developing countries may hinder segment growth during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Regional Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America dominated the market and accounted for over a 35.8% share of global revenue in 2019. The increase in the number of surgical procedures/hospital visits, well-established healthcare infrastructure, and favorable reimbursement and regulatory policies in the healthcare sector are the major factors driving the market in the region. According to the Centers for Medicare and Medicaid Services (CMS), the health spending in U.S. is expected to grow at 5.5% every year from 2018 to 2027 and is estimated to reach USD 6.0 trillion by 2027. Ease of access to healthcare technologies and the presence of strong distribution channels are also driving the adoption of warming cabinets in North America. Moreover, rapid technological advancements and the presence of major medical device companies, such as Steris; Blickman; Continental Metal Products; Pedigo, and Enthermics offering warming cabinets, are also among factors contributing to the market growth in the region. Thus, North America is expected to dominate the market during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific accounted for a revenue share of 18.4% of the market in 2019 and is expected to witness the fastest growth rate over the forecast period. The presence of a large patient pool along with a growing need for technologically advanced and cost-efficient healthcare solutions is expected to present significant regional growth opportunities in the market. Moreover, an increase in the number of clinical trials and high R&D investments by global players to enter untapped markets in Asia Pacific owing to low-cost services are high impact rendering drivers of the market. In addition, an increase in the number of hospitalization and advancements in the clinical development framework of developing economies are few other factors aiding market growth in the region. Moreover, the rising elderly population and the growing burden of chronic diseases are factors expected to boost the demand for warming cabinet in Asia Pacific in the coming years. According to WHO (NCD Burden in the South-East Asia Region: Regional Action Plan and Targets), in 2008, approximately 7.9 million people died due to various non communicable diseases in the region. It also reported that cardiovascular diseases, diabetes, and cancer are the most common diseases in the region. However, a limited number of advanced healthcare facilities, lack of skilled professionals, and poor healthcare reimbursement scenarios may hinder market growth in the region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In Latin America, the market is anticipated to witness a moderate growth rate of 4.9% over the forecast period. Rapidly developing economies such as Brazil and Mexico are primarily driving the growth of the market in the region. Increasing cases of hypothermia, rising prevalence of chronic diseases, and a rapidly aging population are among factors leading to an increased need for warming cabinets. In addition, governments of various countries in the region are striving to improve healthcare infrastructure. Hence, an increase in the number of patients seeking safer healthcare solutions is likely to drive the market in the region. Moreover, increasing healthcare expenditure in most of the Latin American countries is providing ample growth opportunities to players in the global market. For instance, according to the WHO, in 2016, Brazil’s healthcare expenditure as a share of GDP was 8.5%, Argentina’s was 4.2%, Mexico’s was 6.5%, and Chile’s was 8.3%. In addition, there are several health agreements between the U.S. medical centers and private hospitals in Brazil, Chile, and Argentina. These agreements have increased awareness about new technologies, which has led to a rise in the adoption of warming cabinets.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Key Companies & Market Share Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Key companies are stressing on research and development to develop technologically advanced products to gain a competitive edge. For instance, in April 2020, Continental Metal Products, Inc. launched Small Pass Through Chamber USP 800 Hospital Pharmacy designed for non-sterile and sterile cleanrooms. This product is small and easy to handle and is ideal for operating rooms, pharmacies, laboratories, sterile processing departments in ambulatory surgery centers, hospitals, and other cleanroom environments.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Companies are engaging in partnerships, mergers, and acquisitions, aiming to strengthen their product portfolio, manufacturing capacities, and provide competitive differentiation. For instance, in November 2019, Blickman Industries announced its partnership with Allied BioScience with an aim to launch medical equipment product portfolio coated with antimicrobial protection. This medical equipment portfolio includes IV poles, warming cabinets, Mayo stands, case carts, and operating room cabinets.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Type (Revenue, USD Million, 2016 - 2027)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Single Cavity
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Fluid
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Blanket
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Combo
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Multiple Cavity
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Cubic Foot (Revenue, USD Million, 2016 - 2027)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • More than 7.5 Cu ft (Large)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Up to 7.5 Cu ft (Mid-size)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Up to 5 Cu ft (Small)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Inches (Revenue, USD Million, 2016 - 2027)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • More than 30 Inch
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 30 Inch
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 24 Inch
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Less than 24 Inch
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By End-use (Revenue, USD Million, 2016 - 2027)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hospital
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Clinic
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Regional (Revenue, USD Million, 2016 - 2027)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • U.S.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Canada
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • U.K.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Spain
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • France
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Italy
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Japan
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Australia
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Korea
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • India
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  • Latin America
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  • Brazil
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  • Mexico
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  • Argentina
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  • Middle East & Africa
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  • South Africa
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  • Saudi Arabia
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  • KEY PLATERS
    • Exhibit Company Overview
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  • STERIS PLC
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
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  • MAC Medical, Inc.
    • Exhibit Company Overview
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    • Exhibit Key Developments
  • Blickman, Inc.
    • Exhibit Company Overview
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  • Continental Metal Products, Inc.
    • Exhibit Company Overview
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    • Exhibit Key Developments
  • Natus Medical Incorporated
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
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    • Exhibit Key Developments
  • Future Health Concepts, Inc.
    • Exhibit Company Overview
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    • Exhibit Key Developments
  • CME Corp.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Skytron, LLC
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Surgmed
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Barkey
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Kanmed AB
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Getinge AB
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Pedigo Products
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Enthermics, Inc."
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Warming Cabinet Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Warming Cabinet Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Warming Cabinet Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Warming Cabinet Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Warming Cabinet was estimated to be valued at US$ XX Mn in 2021.

The global Warming Cabinet Market is estimated to grow at a CAGR of XX% by 2028.

The global Warming Cabinet Market is segmented on the basis of Type (Revenue, USD Million, 2016 - 2027), Cubic Foot (Revenue, USD Million, 2016 - 2027), Inches (Revenue, USD Million, 2016 - 2027), End-use (Revenue, USD Million, 2016 - 2027), Regional (Revenue, USD Million, 2016 - 2027).

Based on region, the global Warming Cabinet Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Warming Cabinet Market are rview , The global warming cabinet market size was valued at USD 1.1 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027. The rising number of hospital admissions due to COVID-19, increasing prevalence of chronic wounds globally, and increasing number of surgeries is anticipated to drive the market over the forecast period. Increasing incidence of HAIs due to lack of sanitation and precaution is one of the leading factors contributing to market growth. For instance, as per the CDC, about 1 in 25 hospital patients contracts at least one HAI every year. , The blanket and fluid warming cabinets help in minimizing contamination and infection levels in blankets and fluids, which lowers the risk of contracting HAIs. Furthermore, these warming cabinets have antimicrobial controls owing to which it warms and protects the blanket from bacterial infection, thereby increasing patient comfort. For instance, in June 2019, MAC Medical, Inc. introduced CuVerro antimicrobial copper handles as an option for all warming cabinets. CuVerro is an antimicrobial and bactericidal and reduces bacterial growth in blankets and fluids. Therefore, as a safety measure and to increase patient comfort, healthcare professionals recommend the use of warming cabinets in hospitals and clinics. Hence, increasing cases of HAIs is expected to boost the market growth. , Global increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is anticipated to boost the demand for warming cabinets. Antimicrobial resistance, increase in unhealthy and sedentary lifestyles, smoking, and alcohol consumption, are some of the major factors contributing to the rise in the prevalence of chronic diseases. According to the National Diabetes Statistic Report 2017, published by the CDC, more than 100.0 million people in U.S. were living with diabetes or prediabetes. In addition, the WHO reported that in 2016 approximately 1.6 million global deaths were directly caused due to diabetes. Cancer has been a global healthcare burden as it is one of the leading causes of death. According to estimates from the WHO, cancer is the leading cause of death globally and almost 1 in 6 deaths can be attributed to this disease. In addition, it also reported that over 70.0% of cancer-related deaths typically occur in middle- and low-income countries. , Rising prevalence of chronic conditions has significantly increased hospital admission rates. Continuous supply of blankets and sterile fluids is one of the essential requirements in hospitals and clinics. Thus, in such cases, medical warming cabinets serve the purpose efficiently, as they reduce the risk of infection transmission among patients and help maintain patient comfort. In addition, providing comfortable and warm blankets to patients also help with a patient’s anxiety and nervousness. Thus, increasing prevalence of chronic diseases is expected to positively impact the market during the forecast period. , The increasing cases of sports injuries and the rising number of orthopedic surgeries are also anticipated to increase the hospital admission rate owing to which market growth is anticipated. For instance, as per the journal published by Becker's Healthcare in 2017, more than 3.5 million children suffer from sports injuries every year. Similarly, according to the report published by the American Academy of Orthopedic Surgeons in 2018, the total joint replacement is one of the most commonly performed surgical procedures in U.S. and the rate has continuously increased in recent years. Since, patients undergoing surgeries generally require long hospital stays, thus, in such cases blanket warmers is one of the essential requirements to maintain the comfort and hygiene of the patients. Therefore, this factor is expected to drive market growth over the forecast period. , Type Insights , The single cavity led the market and accounted for more than 60.3% share of the global revenue in 2019. Based on type, single cavity warming cabinets are further segmented into fluid warming cabinets, blanket warming cabinets, combination (fluid and blanket) warming cabinets. These single cavity warming cabinets are ideal for hospital settings and designed to store and warm sterile IV fluids, linens, surgical irrigation fluids, and blankets at the required temperature. These cabinets are equipped with a digitally programmed heating chamber that offers temperature and humidity control with set point display. For instance, Steris AMSCO is a single compartment warming cabinet designed to keep blankets, linens, and fluids at the required temperature. , The multiple cavity segment is anticipated to witness the fastest growth rate over the forecast period. Multiple cavity cabinets are designed to maintain separate controls and compartments to warm blankets and fluids at different temperatures. It offers the flexibility of two or more independently controlled warming compartments. Multiple cavity warming cabinets can store and warm sterile IV fluids, linens and blankets, and surgical irrigation fluids in the same cabinet, making it easy to regulate the temperatures of both top and bottom chambers. Some of the products offered under this segment are AMSCO dual compartment warming cabinets by STERIS and High double door solution/blanket warming cabinet by Blickman. , Cubic Foot Insights , The more than 7.5 Cu ft (large) segment led the market and accounted for more than 43.0% share of the global revenue in 2019. Full height warming cabinets come in single, double, and triple compartment models. These chambers warm blankets and solutions separately in individually controlled compartments. The AMSCO warming cabinet model provides up to 15.8 cu. ft. capacity. Similarly, Pedigo’s deluxe model warming cabinet compartment size is 20.6 cu. ft. and features one compartment with two doors, whereas its 7.7 cu. ft. warming cabinet features two compartments, each with individual controls. , The up to 7.5 Cu ft (mid-size) segment is anticipated to witness the fastest growth in the warming cabinet market over the forecast period. Mid-size warming cabinet is the best option to fit in small clinical spaces and is designed to meet specific requirements of healthcare facilities. This can store and warm sterile IV fluids, surgical irrigation fluids, linen, and blankets. For instance, AMSCO by STERIS is a mid-size warming cabinet, which has a single heating chamber of 7.2 cu. ft. total capacity. Similarly, Continental Metal Products offers 45-inch-high mid-sized solution and blanket warmers can be easily fit in places where area is limited. , Inches Insights , The 24 inch segment led the market and accounted for more than 35.0% share of the global revenue in 2019. Standard features offered by 24 inch warming cabinet are: , FDA compliant data logging with digital signatures , Supports multiple languages , Remote monitoring & controls , Intuitive touchscreen controls , Stainless steel door , Storage capacity of 24 inches warming cabinets are approximately 60 to 70 blankets or 70 to 75 solution bottles (1 liter each). , The less than 24 inch segment is anticipated to witness the fastest growth over the forecast period. Standard features offered by less than 24 inches warming cabinet are: , Temperature range of 90 degrees to 160 degrees F (Tolerance ± 3 degrees F) , FDA compliant data logging with digital signatures , Intuitive touchscreen controls , Smartphone/device access , Storage capacity of less than 24 inches warming cabinets is approximately 30 to 35 blankets or 50 to 60 solution bottles (1 liter each). , End-use Insights , The hospital segment led the market and accounted for more than 45.0% share of the global revenue in 2019. The growth of this segment can be attributed to the upsurge in surgical procedures globally and an increase in the number of road accidents, which require the use of infusion of IV solutions and fluids. Furthermore, the availability of technologically advanced warming cabinet products and an increase in the number of chronic ailments and infectious diseases will further enhance market growth during the forecast period. In addition, hospital institutions are considered as large buyers of warming cabinets having long-term contracts with suppliers, which enhances the negotiating power of suppliers and create a market for after sales services. Thus, an increase in the number of hospitalizations worldwide and a rise in the adoption of technologically advanced products in hospitals are leading to an increase in the number of patients availing treatments in hospitals. Moreover, increasing healthcare expenditure in developed and developing countries might increase the number of hospitals owing to which demand for warming cabinets is also expected to increase. , The others segment is anticipated to witness the fastest growth over the forecast period. Others segment includes ambulatory care, long-term care and nursing homes, and others. This segment is anticipated to witness moderate growth rate during the forecast period owing to low awareness of technologically advanced products in developing countries. In addition, low disposable income in developing and underdeveloped countries may decrease the demand for such facilities, as they are comparatively expensive than other healthcare facilities. Moreover, low healthcare expenditure in some developing countries may hinder segment growth during the forecast period. , Regional Insights , North America dominated the market and accounted for over a 35.8% share of global revenue in 2019. The increase in the number of surgical procedures/hospital visits, well-established healthcare infrastructure, and favorable reimbursement and regulatory policies in the healthcare sector are the major factors driving the market in the region. According to the Centers for Medicare and Medicaid Services (CMS), the health spending in U.S. is expected to grow at 5.5% every year from 2018 to 2027 and is estimated to reach USD 6.0 trillion by 2027. Ease of access to healthcare technologies and the presence of strong distribution channels are also driving the adoption of warming cabinets in North America. Moreover, rapid technological advancements and the presence of major medical device companies, such as Steris; Blickman; Continental Metal Products; Pedigo, and Enthermics offering warming cabinets, are also among factors contributing to the market growth in the region. Thus, North America is expected to dominate the market during the forecast period. , Asia Pacific accounted for a revenue share of 18.4% of the market in 2019 and is expected to witness the fastest growth rate over the forecast period. The presence of a large patient pool along with a growing need for technologically advanced and cost-efficient healthcare solutions is expected to present significant regional growth opportunities in the market. Moreover, an increase in the number of clinical trials and high R&D investments by global players to enter untapped markets in Asia Pacific owing to low-cost services are high impact rendering drivers of the market. In addition, an increase in the number of hospitalization and advancements in the clinical development framework of developing economies are few other factors aiding market growth in the region. Moreover, the rising elderly population and the growing burden of chronic diseases are factors expected to boost the demand for warming cabinet in Asia Pacific in the coming years. According to WHO (NCD Burden in the South-East Asia Region: Regional Action Plan and Targets), in 2008, approximately 7.9 million people died due to various non communicable diseases in the region. It also reported that cardiovascular diseases, diabetes, and cancer are the most common diseases in the region. However, a limited number of advanced healthcare facilities, lack of skilled professionals, and poor healthcare reimbursement scenarios may hinder market growth in the region. , In Latin America, the market is anticipated to witness a moderate growth rate of 4.9% over the forecast period. Rapidly developing economies such as Brazil and Mexico are primarily driving the growth of the market in the region. Increasing cases of hypothermia, rising prevalence of chronic diseases, and a rapidly aging population are among factors leading to an increased need for warming cabinets. In addition, governments of various countries in the region are striving to improve healthcare infrastructure. Hence, an increase in the number of patients seeking safer healthcare solutions is likely to drive the market in the region. Moreover, increasing healthcare expenditure in most of the Latin American countries is providing ample growth opportunities to players in the global market. For instance, according to the WHO, in 2016, Brazil’s healthcare expenditure as a share of GDP was 8.5%, Argentina’s was 4.2%, Mexico’s was 6.5%, and Chile’s was 8.3%. In addition, there are several health agreements between the U.S. medical centers and private hospitals in Brazil, Chile, and Argentina. These agreements have increased awareness about new technologies, which has led to a rise in the adoption of warming cabinets. , Key Companies & Market Share Insights , Key companies are stressing on research and development to develop technologically advanced products to gain a competitive edge. For instance, in April 2020, Continental Metal Products, Inc. launched Small Pass Through Chamber USP 800 Hospital Pharmacy designed for non-sterile and sterile cleanrooms. This product is small and easy to handle and is ideal for operating rooms, pharmacies, laboratories, sterile processing departments in ambulatory surgery centers, hospitals, and other cleanroom environments. , Companies are engaging in partnerships, mergers, and acquisitions, aiming to strengthen their product portfolio, manufacturing capacities, and provide competitive differentiation. For instance, in November 2019, Blickman Industries announced its partnership with Allied BioScience with an aim to launch medical equipment product portfolio coated with antimicrobial protection. This medical equipment portfolio includes IV poles, warming cabinets, Mayo stands, case carts, and operating room cabinets. , KEY MARKET SEGMENTS , By Type (Revenue, USD Million, 2016 - 2027) , Single Cavity , Fluid , Blanket , Combo , Multiple Cavity , By Cubic Foot (Revenue, USD Million, 2016 - 2027) , More than 7.5 Cu ft (Large) , Up to 7.5 Cu ft (Mid-size) , Up to 5 Cu ft (Small) , By Inches (Revenue, USD Million, 2016 - 2027) , More than 30 Inch , 30 Inch , 24 Inch , Less than 24 Inch , By End-use (Revenue, USD Million, 2016 - 2027) , Hospital , Clinic , Others , By Regional (Revenue, USD Million, 2016 - 2027) , North America , U.S. , Canada , Europe , Germany , U.K. , Spain , France , Italy , Asia Pacific , China , Japan , Australia , South Korea , India , Latin America , Brazil , Mexico , Argentina , Middle East & Africa , South Africa , Saudi Arabia , KEY PLATERS , STERIS PLC , MAC Medical, Inc. , Blickman, Inc. , Continental Metal Products, Inc. , Natus Medical Incorporated , Future Health Concepts, Inc. , CME Corp. , Skytron, LLC , Surgmed , Barkey , Kanmed AB , Getinge AB , Pedigo Products , Enthermics, Inc.".

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