According to the latest report by IMARC Group, “Global Intravascular Temperature Management Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global intravascular temperature management market reached a value of US$ 307.20 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 378.72 Million by 2027, exhibiting a CAGR of 3.40% during 2022-2027.
Intravascular temperature management represents a safe and effective method of controlling the core temperature of the body. It relies on a closed-circuit catheter for circulating hot or cold saline to the blood during therapeutic hypothermia. Intravascular temperature management offers various benefits, such as reduced nursing time and stays in the hospital, immediate availability of triple lumen access, saving critical time in intensive care units, etc. In addition to this, it decreases complications, such as neurologic injury, as compared to conventional methods. Intravascular temperature management is used to prevent neurological damage after cardiac arrest. It also finds numerous applications in emergency care units, surgical centers, ambulatory surgical centers, etc.
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COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Intravascular Temperature Management Market Trends and Drivers:
The increasing prevalence of cardiovascular diseases, owing to stress, obesity, excessive smoking, lack of physical activities, etc., is primarily driving the intravascular temperature management market. Additionally, the rising consumer awareness towards the numerous benefits of this method, such as reduced morbidity and mortality rate of hospitalized patients, is further catalyzing the market growth.
Besides this, the inflating popularity of intravascular temperature management for post-cardiac conditions is acting as another significant growth-inducing factor. Moreover, the growing number of clinical studies focusing on the effectiveness of intravascular temperature management systems is also positively influencing the global market. Apart from this, the widespread adoption of technologically advanced devices across the healthcare industry is anticipated to fuel the intravascular temperature management market over the forecasted period.
Global Intravascular Temperature Management Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- 3M Company
- Asahi Kasei Corporation
- Belmont Instrument Corporation
- Biegler GmbH
- Gentherm Incorporated
- Geratherm Medical AG
- Koninklijke Philips N.V.
- Medtronic plc
- Smiths Medical Inc. (ICU Medical Inc.)
- Stryker Corporation
- The Surgical Company B.V
- Vyaire Medical Inc.
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The report has segmented the market on the basis of region, type, product, application and end user.
Breakup by Type:
- Intravascular Cooling
- Intravascular Warming
Breakup by Product:
- Systems
- Consumables
Breakup by Application:
- Preoperative Care
- Operative Care
- Post-Operative Care
- Acute and Critical Care
Breakup by End User:
- Surgical Centers
- Emergency Care Units
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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