Warming Cabinets Market Size, Share, Growth, and Industry Analysis, (Wall Mounted, Combination Freestanding and Others), By Application (Lab, Hospitals and Others) and Regional Forecast to 2032

Updated On: 10 June 2024

WARMING CABINETS MARKET REPORT OVERVIEW

The global warming cabinets market size was USD 1249.3 million in 2022 and the market is projected to touch USD 1706.9 million by 2028 at CAGR of 5.3% during the forecast period.

A warming cabinet is a cabinet designed to keep food, medical supplies, and other goods warm. They are available in a range of sizes and are usually composed of stainless steel. Certain warming cabinets are meant to be used in certain settings, like labs or hospitals, but others have several uses. Warming cabinets aid in maintaining a constant temperature, which is beneficial for both use and safety. Warm air is circulated throughout the cabinet's inside to power most warming cabinets. As a result, the objects within become warmed up and maintain a constant temperature. Additionally, some cabinets feature heating components that aid in warming the inside air. The market's expansion may be ascribed to the rising awareness of safety precautions in laboratories and the growing demand for laboratory equipment.

COVID-19 Impact: Pandemic Provoked Remote Work and Home Cooking Trends Increased the Market Sales

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

LATEST TRENDS

"Growing Number of Surgeries to Grip Up the Market Sales"

The market has grown as a result of an increase in surgical procedures. As medical operations become more commonplace globally, there is a growing demand for safe and effective storage solutions for medical equipment, such as warming cabinets for surgical instruments and blankets. This tendency is fueling the worldwide healthcare industry's expansion and rising demand for warming cabinets, which is predicted to present potential prospects for the market.

The growing number of orthopedic procedures and sports injury cases are also expected to raise hospital admission rates, which will fuel market expansion. For example, according to a 2017 journal article from Becker's Healthcare, over 3.5 million kids experience sports-related injuries each year. In a similar vein, a 2018 study from the American Academy of Orthopedic Surgeons states that complete joint replacements are among the most popular surgical operations in the United States and have been for some time. Given that patients undergoing surgery typically need to stay in the hospital for extended periods of time, blanket warmers are a crucial necessity in these situations to ensure the patients' comfort and hygiene. Thus, throughout the course of the projected period, this aspect is anticipated to propel market expansion.

WARMING CABINETS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into wall mounted, combination freestanding and others.

• Wall Mounted: Warming a little quantity of heat-sensitive goods or reagents is done in a wall-mounted cabinet. The shelves in these cabinets can be adjusted, making it simple to put and take things out. Wall-mounted warmers are made to be put on the wall in order to enhance workflow, maximize the use of available space, and enhance the efficiency of laboratory supplies and equipment. The warming cabinet that is fixed on the wall is advantageous for hospitals, labs, and other establishments of various sizes.
• Combination Freestanding: Warming little quantities of heat-sensitive goods or reagents is done with a combination freestanding warmer. Because the shelves in these cabinets are movable, customers may arrange a range of goods on them. These cabinets are portable and easy to use since they are frequently used to warm medications or reagents in labs, hospitals, and other medical facilities.

By Application

Based on application the global market can be categorized into lab, hospital and others.

• Laboratories: To maintain the stability and integrity of biological specimens, reagents, and other materials, laboratories utilize warming cabinets to retain them at a particular temperature. For bacteria and cells to develop and remain viable in microbiology and cell culture labs, a constant and regulated temperature must be maintained.
• Hospitals and Healthcare Facilities: Before being given to patients, intravenous (IV) fluids and blood products are commonly warmed in warming cabinets. By doing this, hypothermia during infusions and transfusions is less likely. Warming blankets and towels can be kept in certain warming cabinets so that patients always have access to them, particularly in operating rooms and emergency rooms. Warming cabinets can be used to keep some drugs, particularly those that need to be kept at a specific temperature to retain their effectiveness.
• Others: The pharmaceutical and biotech sectors use warming cabinets to keep medications and other temperature-sensitive goods at the best possible temperature. Warming cabinets are utilized in clinical trial settings where it's important to keep experimental medications and samples at the proper temperature. Veterinary clinics utilize warming cabinets to store temperature-sensitive materials such as blood products and drugs needed in animal care. Warming cabinets are frequently used in research facilities conducting biological, genetic, and other scientific disciplines to carefully store samples, cell cultures, and other research supplies. Warming cabinets are used in the food service sector to maintain prepared food at a constant, safe temperature until it's time to serve.

DRIVING FACTORS

"Rising Number of Chronic Diseases Cost Reduction and Diversification to Aid the Market Growth"

Some of the reasons anticipated to propel market expansion include the growing number of hospital admissions, the rising prevalence of chronic illnesses like diabetes, cancer, and other autoimmune disorders, and the rising number of healthcare-associated infections (HAIs) brought on by poor hygiene and negligence. Product differentiation, cost cutting, diversification, and innovation are examples of internal growth factors for the company, whereas market circumstances and supply-demand dynamics are examples of external growth factors. Opportunities in developing markets, fresh avenues for distribution, expanded uses for already-existing goods and services, and advancements in technology are some of these considerations.

"Rising HAI cases to Rationalize the Market Growth"

By lowering the levels of contamination and infection in fluids and blankets, the blanket and fluid warming cabinets help to reduce the risk of acquiring healthcare-associated infections. These warming cabinets also have antimicrobial controls, which improve patient comfort by warming the blanket and shielding it from bacterial infections.

RESTRAINING FACTOR

"Low Healthcare Expenditure to Slow Down the Market Growth"

Healthcare institutions may put a higher priority on necessary medical services and equipment than on expenditures in extra infrastructure, such warming cabinets, when funding for healthcare is scarce. Due to healthcare providers' reluctance to spend money on such unnecessary equipment, this might impede market growth. Low healthcare spending is therefore anticipated to limit market expansion. Hence, such factors are expected to hinder the warming cabinets market growth during the forecast period.

WARMING CABINETS MARKET REGIONAL INSIGHTS

"North America to Lead the Market Share with Increasing Demand for Laboratory Equipment and Investment on Healthcare Infrastructure"

The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to warming cabinets to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Market Players Profiled

• STERIS (U.S.)
• MAC Medical, Inc (U.S.)
• Blickman (U.S.)
• Continental Metal Products (U.S.)
• Natus Medical Incorporated (U.S.)
• Future Health Concepts (U.S.)
• SKYTRON, LLC (U.S.)
• Surgmed Pvt. Ltd (India)
• Barkey (Germany)
• Medizin and Labortechnik Nord (Germany)
• Kanmed AB (Sweden)
• Getinge AB (Sweden)
• Pedigo Products (U.S.)
• 3M (U.S.).

INDUSTRIAL DEVELOPMENT

June 2019: CuVerro antibacterial copper handles are now available as an option for all warming cabinets thanks to MAC Medical, Inc. CuVerro is a bactericidal and antimicrobial agent that inhibits the growth of germs in fluids and blankets. Thus, medical specialists advise using warming cabinets in hospitals and clinics to improve patient comfort and as a safety precaution.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.