October 06, 2020
As per the report titled ‘GLOBAL INTRAVASCULAR TEMPERATURE MANAGEMENT SYSTEM MARKET 2019-2027’, available with Market Study Report, worldwide intravascular temperature management system market is projected to grow with a CAGR of 3.18% during 2019-2027.
Rising number of surgical procedures in tandem with increased pervasiveness of cardiovascular diseases is driving global intravascular temperature management system market growth. Furthermore, technological innovations and rising demand from developing nations is likely to expand the business horizon in the forthcoming years. Although, high costs of surgeries utilizing intravascular temperature management system and stringent regulations may restrain the industry expansion over the forecast period, cites the study.
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Based on product, global intravascular temperature management system size is fragmented into system and consumables. Moving on the application scope, the industry is categorized into acute/critical care, pre-operative care, operative care, and post-operative care. Speaking of the indication, the segmentation includes acute myocardial infraction (AMI), cardiac arrest, stroke, fever/infection, and others. Considering the end-user spectrum, the industry is split into emergency care units, surgical centers, ambulatory surgical centers, and others.
Geographically, North America, Latin America, Asia Pacific, Europe, and Middle East & Africa are the key contributors to worldwide intravascular temperature management system market remuneration. Trusted projections indicate that Asia Pacific will emerge as lucrative growth avenue for the industry, attributable to factors such as high population count particularly in India, China, and Japan, mounting cases of CVDs, escalating rate of surgical site infections due lack of adequate microbiology capacity, and antibiotic abuse in the region. Besides, upsurge in healthcare expenditure facilitated by increase in affordability of services and medications are further expanding intravascular temperature management system industry size in APAC.
Prominent players in global intravascular temperature management system industry are Vyaire Medical, Inc., Asahi Kasei Corp., Inditherm plc (acquired by Inspiration Healthcare), Becton, Dickinson and Company, The 37Company, Biegler GmbH, Estill Medical Technologies, Inc., Geratherm Medical AG, Medtronic plc, The Surgical Company Group, Stihler Electronic GmbH (acquired by Gentherm GmbH), Belmont Instrument Corporation, Smiths Group plc, 3M Company, Stryker Corporation, and ZOLL Medical Corporation.