The global patient temperature management market is anticipated to grow with a CAGR of 6.34% during the forecast period, i.e., 2020-2027.
Patient temperature management includes all those systems which help to regulate a patient's body temperature. By the use of therapeutic hypothermia, the temperature of the patient's body is regulated.
Increasing incidences of numerous diseases amongst individuals, such as neurological disorders, cardiovascular diseases, and others, where the treatment of diseases require regulating body temperature, is one of the major factors anticipated to drive the growth of the market during the forecast period.
In addition, increasing advancements in medical technology, and the rising favorable patient reimbursement policies of the government of nations worldwide, are some of the additional factors anticipated to contribute to the market growth. Further, in the year 2018, the market garnered a revenue of around USD 1014 Million.
The global patient temperature management market for cooling systems is segmented by numerous segments, which include segmentation by cooling systems, components, application, end-user, and by region. Based on components, the market is segmented into water blankets, cooling caps, gel pads, cooling catheters, and others.
Out of these, the cooling catheters segment is expected to hold the largest market share throughout the forecast period. The segment registered the largest market revenue of close to USD 310 Million in the year 2018. The market is also segmented on the basis of application into cardiology, neurology, orthopedics, pediatrics, and others, out of which, the cardiology segment is expected to hold a significant market share by the end of 2027.
The market in North America registered the largest market share of close to 38% in the year 2018, while the market in the Asia Pacific is projected to hold a significant market revenue of USD 419.73 Million by the end of 2027.
Some of the affluent industry leaders in the patient temperature management market for cooling systems are
11. Global Outlook for the Patient Temperature Management Market for Cooling Systems 11.1. Market Size and Forecast, 2018-2027 11.1.1. By Value (USD Million) 11.2. Segmentation of the Global Patient Temperature Management Market for Cooling Systems, 2018-2027 11.2.1. By Cooling Systems 220.127.116.11. Conventional Cooling Systems, Surface Cooling Systems, Intravascular Cooling Systems and Trans Nasal Cooling Systems, 2018-2027F (USD Million) 18.104.22.168. Surface Cooling Systems: Water Circulating Cooling System, Air-Circulating Cooling System, Gel-Coated External Cooling Device, 2018-2027F (USD Million) 11.2.2. By Components 22.214.171.124. Water Blankets, Cooling Caps, Gel Pads, Cooling Catheters and Others, 2018-2027F (USD Million) 11.2.3. By Application 126.96.36.199. Cardiology, Neurology, Orthopedics, Pediatric and Others, 2018-2027F (USD Million) 11.2.4. By End User 188.8.131.52. Hospitals, Ambulatory Surgical Centers, Clinics, 2018 2027f (USD Million)
12. Competitive Structure 12.1. Stakeholder Analytics 12.1.1. Manufacturers 12.1.2. Suppliers 12.2. Recent News and Developments 12.3. Company Profiles 12.3.1. Becton, Dickinson and Company 184.108.40.206. Detailed Overview 220.127.116.11. Assessment of Key Offerings 18.104.22.168. Analysis of Growth Strategies 22.214.171.124. Key Clients & Partners 126.96.36.199. Analysis on Key Financial Indicators 12.3.2. Stryker 12.3.3. Zoll Medical Corporation 12.3.4. Quickcool Ab 12.3.5. Gentherm Incorporated 12.3.6. Attune Medical 12.3.7. Hirtz & Co. Kg 12.3.8. Braincool