Intravascular Temperature Management Market - Opportunities & Forecast, 2018-2025


Posted September 19, 2020 by shaqibakram

Rising prevalence of cardiovascular diseases, nervous system disorders, etc and a rise in the volume of surgical procedures across the globe are expected to fuel the demand for intravascular temperature management....

 
Intravascular temperature management has been recognized as a rapid and effective method to manage the core body temperature of the patient. Intravascular temperature management is mainly used in hyperthermia, hypothermia, surgical procedure, and others. Intravascular cooling and intravascular warming are two major type of intravascular temperature management. Over the last decade, intravascular temperature management product is being used widely and frequently than the conventional method such as cooling and warming blankets, pads, etc. Intravascular temperature management devices are used over a wide range of applications such as acute care, perioperative care, infant care etc. In addition, in Infant care, babies encounter temperature variances and subsequently, they are kept in incubators to maintain their normal body temperature. As a result, the aforementioned factors are giving rise to a high demand for intravascular temperature management during the forecast period.

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Rising prevalence of cardiovascular diseases, nervous system disorders, etc and a rise in the volume of surgical procedures across the globe are expected to fuel the demand for intravascular temperature management during the forecast period. In addition, technological advancements in intravascular temperature management products, favorable reimbursement scenarios and a large number of awareness programs are also helping to boost the growth of intravascular temperature management market in coming years. Conversely, the high market potential in the untapped emerging economies is anticipated to provide lucrative opportunities during the forecast period. However, the high cost of these devices and product recalls are factors which restrain the growth of the intravascular temperature management market

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Various notable players operating in the market, include Zoll Medical Corporation, Stryker Corporation, Medtronic PLC, Smiths Medical, 3M Company, Becton, Dickinson and Company, Gentherm Corporation, The Surgical Company Group, Belmont Instrument Corporation, Biegler GmbH among others. Major players are focussing on R&D activities and strategic acquisition and merger activities to hold their leadership in this market. For instance, in 2018, Boston Scientific Corporation acquired Securus Medical Group, Inc., to develop a thermal monitoring system.

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The global intravascular temperature management market has been segmented on the basis of product type, application, indication, end user and key geographies. Based on product type, the market comprises tissue intravascular cooling and intravascular warming. The research report “global intravascular temperature management market” provides in-depth analysis of global intravascular temperature management market based on product type, application, indication, end user and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global intravascular temperature management market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:
1. At what pace is intravascular temperature management market growing? What will be the growth trend in the future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the intravascular temperature management market?
4. What are the various application areas and how they are poised to grow?

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Last Updated September 19, 2020