How COVID-19 is Impacting on the Intravascular Temperature Management Market

Vascular temperature management market, products, applications, indications and end users published by Allied Market Research: According to a new report titled Global Opportunity Analysis and Industry Forecasting for 2018-2025, this market reached $261,556 thousand in 2017 I did. And it will reach $335,192 thousand in 2025, with an annual CAGR of 3.1% from 2018 to 2025.

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Intravascular temperature management is a technique applied to reach and maintain the proper temperature in the patient's body in the operating room, recovery room and intensive care unit. Intravascular temperature management is used to cool or warm blood to maintain body temperature, promote health improvement and reduce the risk of infection at the surgical site. This technique is also used for patients with high fever or hypothermia. This procedure includes a system used to inject cold or saline into the patient's body with the help of a closed network catheter.

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Factors driving the growth of the vascular temperature management market include the increasing number of surgical procedures performed worldwide and the adoption of vascular temperature management worldwide. In addition, increased prevalence of cardiovascular disease and increased incidence of surgical site infections are other factors driving market growth. However, the high cost of vascular temperature management devices is expected to hinder market growth. Conversely, emerging economies' undeveloped potential is expected to provide profitable opportunities during the forecast period.

The consumables segment occupied the largest market share in 2017 as the number of surgical procedures performed worldwide increased. In addition, the consumables segment is expected to grow at the highest CAGR from 2018 to 2025 and is expected to remain dominant throughout the forecast period.

Based on application, the acute/critical treatment sector occupied the largest share in 2017 and is expected to provide profitable growth opportunities during the forecast period.

The emergency treatment room requires a lot of temperature management in the blood vessels. However, the outpatient surgery center segment is expected to grow to the highest CAGR during the forecast period as the number of outpatient surgery centers worldwide increases.

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The main results of the vascular temperature management market:
• The consumables sector accounted for more than two-thirds of the global vascular temperature management market in 2017.
• The pre-operative care sector is expected to grow at the highest CAGR from 2017 to 2025.
• The non-sterile intravascular temperature management segment accounted for about a quarter of the global intravascular temperature management market in 2017.
• Europe accounted for about a quarter of the world market in 2017.
• LAMEA is expected to provide profitable growth opportunities from 2017 to 2025.

North America was the main source of revenue for the global vascular temperature management market in 2017 and is expected to remain dominant over the forecast period. This is due to the region's high purchasing power and easy device availability. However, the Asia Pacific region is expected to grow to the highest CAGR during the forecast period due to increased economics and medical spending.

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