Future of Patient Temperature Management Systems Market: Size, Trends, Share and Growth Forecast till 2022

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of patient temperature management systems market. The study is titled as “Patient Temperature Management Systems Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global patient temperature management systems market.

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Patient temperature management systems are used for monitoring and controlling of the body temperature of patients. Patients may require the raising or lowering of their body temperature as per the type of medical conditions they are suffering from. Some surgeries require cooling of the body temperature for preventing blood loss. In some chemotherapy and radiation therapy treatments in cancer patients, body temperature is raised for more effective treatment. This Fact.MR report on the global patient temperature management systems market forecasts that the global patient temperature management systems market will touch a value of nearly US$ 2,860 Mn in the year 2022 and grow at a steady CAGR during the assessment period.

Hospitals End User Segment to exhibit a CAGR of 5.2% During the Assessment Period

As per the forecast of Fact.MR, the hospitals end user segment is slated to touch a figure of nearly US$ 1,590 Mn in the year 2022. This represents a CAGR of 5.2% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The hospitals end user segment is expected to account for more than half of the revenue share of the end user segment by the year 2017.

3 Forecast Highlights on Global Patient Temperature Management Systems Market

1. As per the forecast of Fact.MR, the surface warming systems segment is slated to touch a value of nearly US$ 700 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The surface warming systems segment is estimated to account for nearly one-fourth of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.

2. As per the forecast of Fact.MR, the ambulatory surgical centers segment will reach a value of nearly US$ 590 Mn in the year 2017. This represents a moderate CAGR growth during the forecast period. The ambulatory surgical centers segment is estimated to account for more than one-fifth of the revenue share of the end user segment in the year 2017 end and is expected to lose market share by the end of the year 2022.

3. As per the forecast of Fact.MR, the perioperative care segment is slated to reach a value of nearly US$ 940 Mn in 2022. The perioperative care segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the North America region in the perioperative care segment.

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North America Market Set to Dominate the Global Patient Temperature Management Systems Market in Terms of Revenue

The market in North America is set to dominate the global patient temperature management systems market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America patient temperature management systems market is the most attractive market, growing at a steady CAGR over the assessment period.

Conventional Warming Systems Segment Poised to Touch a Value of Nearly US$ 1,050 Mn in 2022

As per the forecast of Fact.MR, the conventional warming systems segment is expected to reach a value of nearly US$ 1,050 Mn in the year 2022. This represents a steady CAGR during the forecast period of 2017-2022. Conventional warming systems segment is expected to account for more than one-third of the revenue share of the product type segment by the year 2017 and is expected to lose market share by the end of the year 2022.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global patient temperature management systems market through 2022, which include Gentherm Incorporated, C. R. Bard, Inc., Inspiration Healthcare Group plc, Medtronic plc, Smiths Group plc, Stryker Corporation, Asahi Kasei Corporation and 3M Company.

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About Fact.MR

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This release was published on openPR.