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Worldwide Patient Temperature Management Market forecasts on regional growth, industry players and more
The 2017 Patient Temperature Management Market forecast report focuses on regional growth for 15+ countries, leading industry companies, applications of Preventive and Therapeutic Vaccine and more with an aim to help take business decisions.The industry will witness significant growth due to increased number of surgeries along with soaring geriatric population base globally. Rising prevalence of cancer and cardiovascular diseases will drive the patient temperature management market size. According to WHO data, cardiovascular disease is leading reason for mortality globally. Nearly 17.7 million people died worldwide due CVD in the year 2015.
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Patient temperature management systems helps in avoiding complications related to surgeries such as perioperative hypothermia and surgical site infection. Availability of technologically advanced products along with rising demand for surface cooling and warming systems will fuel patient temperature management market growth. It plays a significant role in cancer treatment as lower body temperature results in multiplication of cancerous cells. Hence, temperature warming systems is used along with chemo and radiation therapy during cancer treatment. The system helps averting occurrence of neurologic injury during cardiac surgery stimulating the business growth. As per American Heart Association 2017 data, around 92.1 million people in the U.S. are suffering from CVD and it is estimated that nearly 43.9% of total U.S. population will suffer from CVD till 2030.
Based on the product, the industry can be segmented into patient warming and patient cooling systems. Patient warming systems dominates the market due to increased application of the pre-surgery during provision of general anesthesia to curb pre-operative complications. Patient cooling systems market will grow significantly during the forecast period owing increasing number of cardiovascular surgeries and technological advancements including blood cooling systems and cooling caps.
Browse key industry insights from the report Patient Temperature Management Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/patient-temperature-management-market
Based on the application, the patient temperature management market can be segmented into cardiology, neurology, surgery, pediatrics and others. Surgery segment will experience significant growth during the forecast period due to rising number of surgical procedures and growing demand for products to reduce prevalence of surgery related complications. Cardiology segment will grow considerably during the forecast years owing to increasing number of people suffering from CVDs and demand for advanced cardiac treatment.
Based on end-user, the industry can be segmented into ICU, emergency rooms, operating rooms, and neonatal ICU. Neonatal ICU segment will witness significant growth during the forecast period due to increasing number of gynecological, premature birth and child birth procedures coupled with need for temperature management systems to reduce risk of hypothermia in premature babies.
U.S. patient temperature management market held largest revenue share in 2016 due to presence of large patient pool suffering from cancer and cardiovascular diseases. As per American Cancer Society estimates, around 1,688,780 number of people in the U.S will be diagnosed with cancer in 2017. Well-developed healthcare infrastructure, rising per capita healthcare expenditure along with increasing disease prevalence will drive U.S. patient temperature management market.
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Germany will foresee noteworthy growth in the coming years due to increased CVD prevalence and rapid technology upgradation. According to European Heart Rhythm Association, deaths resulting due to CVDs in Germany increased from 40% in 2014 to 44.7% in 2015. China patient temperature management market will grow at healthy rate due to high geriatric population base along with increased prevalence of cancer and CVD in the country. Rising healthcare awareness among people and increased healthcare expenditure by government witnesses to create lucrative growth opportunities.
South Africa patient temperature management market will expand at robust CAGR with increased prevalence of chronic diseases such as obesity leading to occurrence of CVD and rise in the healthcare awareness. As per the World Heart Federation, around 18% of people in South Africa suffer from cardiovascular disorder. Rising adoption of sedentary lifestyle, unhealthy food habits and increased obese and diabetic people will boost the Saudi Arabia industry revenue share.
Few notable industry players include, ZOLL Medical, Bard Medical, Stryker, 3M Company, Medtronic, Smiths Medical, Atom Medical, Cincinnati Sub-Zero, The 37Company, Geratherm Medical, and Inditherm. The market players focus on acquisitions, strategic alliances and R&D to develop technologically advanced superior products. In January 2015, Medtronic acquired Covidien. The strategy helped parent company to strengthen its product portfolio along with consolidating leading position in the market.
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Vascular Closure Device Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, China, India, Japan, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/vascular-closure-device-market
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