North America to remain in the dominant position in the Patient Temperature Management Market till 2021

North America accounts for the largest share of the Patient Temperature Management market and is expected to continue in the near future. This dominance can be attributed to a large number of surgical procedures that are taking place in the region. Mostly the market penetration is in the two major countries in the US and Canada.

A recent report published at Beige Market Intelligence provides an in depth analysis of the Patient Temperature Management Market. The report along with the market growth by products and end user segment also gives a detailed analysis of the major regions holding the accountable number of market shares. The report has also outlined the factors which are going to drive the market for the forthcoming years.

The report says In 2011, more than 1.2 million hip and knee replacement surgeries were performed in the US and this number is estimated to cross approximately 3.5 million by 2030. This figure shows the increased use of Patient Temperature Management systems.

The American Society for Aesthetic Plastic Surgery and Canadian Institute for health Information confirms that more than 2,00,0000 surgeries took place together only in Canada and US till 2013. (Exact figure and information available in the report). It gives a clear indication about the expected increase in use of Patient Temperature Management Devices. Furthermore, factors such as rise in number of surgical centers, high incidences of cardiac arrest and neurological disorders, and high adoption rate of technologically advanced products in North America can be attributed for the highest market share of North America.

Patient Temperature Management Market in US

The US holds the largest share in the patient temperature management market in North America. The market in the US is primarily driven by high incidences of various diseases such as neurological disorders and cardiac arrests, rise in aging population, adoption of technologically advanced patient warming and cooling systems, to name a few to improve healthcare infrastructure.

According to the American Medical Association (AMA) nearly 60% of the population aged above 65 years will be suffering from more than one chronic disorder by 2030. Furthermore, more than 85% of the population in this age die from heart disorders every year. Certain surgical procedures are required to be performed for the treatment of age-related disorders. Also large volumes of surgical procedures are being carried out in the country.

The increasing prevalence of chronic disorders such as heart diseases and brain strokes in the US will continue to boost the growth of the patient temperature management market during the forecast period.

View the Report “Global Patient Temperature Management Market – Strategic Assessment and Forecast Till 2021”.

Patient Temperature Management Market in Canada

The patient temperature management market in Canada is likely to increase due to high incidence and prevalence of strokes in Canada during the forecast period.

It is estimated that more than 50,000 strokes (one stroke in every 10 minutes) occur in Canada every year. In 2012, approx. 6% (nearly 14,000) of deaths in Canada resulted due to strokes (Source: Statistics Canada). Also, the risk of strokes doubles every 10 years after an individual reaches 55 years of its age (Source: Heart and Stroke Foundation of Nova Scotia, Canada).

In addition, growing number of surgeries is further accelerating the growth of the market. According to the Canadian Institute for Health Information (CIHI), almost 500,000 Canadians underwent priority surgical procedures and specialized treatments in 2012, which was an increase as compared to 2011. Also, initiatives by the government to increase the number of highly qualified and skilled surgeons in Canada is also supporting the growth of the market. For instance, the Royal College of Physicians and Surgeons of Canada in 2012 initiated the Future of General Surgery Project with an aim to ensure that all graduates undergoing Canada’s General Surgery residency programs were well prepared to deliver surgical care in various practice settings across the country.

According to the report after North America, Asia-Pacific region is expected to grow. Europe is expected to grow at a slow pace amongst all the geographies. The report provides a detailed analysis of the market size and growth aspect of the major regions. It includes a detailed analysis of the strategies used by major vendors in the market along with the emerging vendors analysis.

For More Information ,Click : http://www.beigemarketintelligence.com/reports/research-report-healthcare-market/global-patient-temperature-management-market-strategic-assessment-and-forecast-till-2021/

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This release was published on openPR.