Global Patient Warming Devices Market: Rising Incidence of Chronic Ailments Requiring Surgeries to Fuel Demand

The global patient warming devices market will continue witnessing high competitive rivalry between the leading companies, says Transparency Market Research (TMR) in a new study. Despite its consolidated vendor landscape, the leading market players are looking to consolidate their share via mergers and acquisitions. Acquiring smaller yet established companies will not only help companies expand their regional footprint, it will also add to their existing product portfolio. Also the companies attach much importance to product differentiation, which fosters high marketability to their product. Given the scenario, it is unlikely for the players to expect dwindling competitive forces in the near future.

Obtain Report Details @ http://www.transparencymarketresearch.com/patient-warming-devices-market.html

The top three companies, comprising 3M Company, ZOLL Medical Corporation, and Smiths Medical held an estimated 50% of the global patient warming devices market in 2015. 3M being the dominant company, boasts a diverse product portfolio and extensive geographic presence. Strategies adopted by the leading market have considerable influence on the demand and supply forces in the market.

As per TMR, the global patient warming devices market will exhibit a CAGR of 5.3% between 2016 and 2024. At this pace, the market’s valuation of US$1.73 bn in 2015, will reach US$2.78 bn by the end of 2024.

North America and Europe to Showcase Most Lucrative Opportunities

According to the report, the demand for patient warming devices is highest in perioperative care. Given the rising surgeries conducted worldwide for treating various chronic ailments, the demand for patient warming devices during perioperative care will continue increasing through the forecast period.

Regionally, North America and Europe emerged as the leading markets for patient warming devices around the world. North America emerged dominant in 2015 with a share of 45.7% based on value, trailed by Europe closely. While there won’t be a drastic change in the standing of these regional markets, Asia Pacific will emerge as an important pocket, exhibiting highly lucrative opportunities in the coming years.

Rising Number of Surgeries to Fuel Demand for Patient Warming Devices

Surgical processes involve the use of anesthesia, which causes a drastic drop in body temperature of patients, requiring urgent temperature management. The demand for patient warming devices will thus continue remaining high especially in perioperative care. Considering this, the rise in chronic ailments will act in favor of the global patient warming devices market. “The rising incidence of cardiovascular and oncological conditions have led to increasing need of surgical interventions worldwide. This will in turn boost the uptake of various patient warming devices in the coming years,” said a lead TMR analyst.

Besides chronic ailments requiring surgeries, neonates and the rising rate of premature babies will continue keeping the demand for advanced patient warming devices high. Besides this, aging is potentially a leading factor associated with chronic ailments and disorders. Effect of diseases become worse with age hence an individual may take more time to recover. Patient warming devices become highly necessary to such patient. In addition, factors such as the growing adoption of sedentary lifestyle and the increasing incidence of work-related musculoskeletal disorders will have a positive impact on the overall market.

Fill the Form for an Exclusive Sample of this Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7877

Side Effects Associated with Using Patient Warming Devices to Negatively Impact Market

On the downside, being invasive in nature, the risk of severe side-effects due to the use of patient warming devices cannot be eliminated. Also high excise duties imposed on medical device manufacturers may act as a major restraint. Nevertheless, with the advent of technological advanced products such as targeted temperature management devices, the market is expected to witness a spike in demand in the coming years. In addition, economic development and improving healthcare infrastructure especially in emerging nations are expected to enable growth of the global patient warming devices market in the near future.

Information included in the report is based on a TMR report, titled “Patient Warming Devices Market (Products - Surface Warming Systems, Intravascular Warming Systems, and Patient Warming Accessories; Applications - Acute Care, Perioperative Care, and New Born Care; End User - Hospitals, Clinics, and Nursing Facilities) - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast, 2016 - 2024.”

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.