GLOBAL INTRAVASCULAR TEMPERATURE MANAGEMENT MARKET FORECAST 2019-2027
LONDON, Nov. 27, 2018 /PRNewswire/ -- KEY FINDINGS
The global intravascular temperature management system market is anticipated to grow at a CAGR of 3.08% between 2019 and 2027. The rise in about surgical procedures performed across the globe and the subsequent surge in adoption of intravascular temperature management to facilitate health improvement and reduction of surgical site infections across the globe are driving the worldwide market.
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The global market has been valued at $XX in the year 2018 and is expected to be valued at $XX by the end of the forecast period.
MARKET INSIGHTS
An increase in the occurrences of surgical site infections is also another factor that is fueling the market growth.The global market for intravascular temperature management has been segmented by product, application, indication and end users.
The market segment by product bifurcated into consumables and system. The consumable segment accounts for the largest market share due to the rise in some surgical procedures performed across the globe.
Although the high cost of intravascular temperature management devices is expected to impede market growth globally, there is untapped potential in the emerging economies which is expected to provide beneficial opportunities during the forecast period 2019-2027.
REGIONAL INSIGHTS
North America is assessed to dominate the global intravascular temperature management market because of a higher frequency of surgical procedures carried out in this region. Besides, the Asia Pacific market is expected to account for the highest growth rate during the forecasted years mainly because of the rise in healthcare expenditure.
COMPETITIVE INSIGHTS
Key competitors in the global intravascular temperature management market are Biegler GMBH, Asahi Kasei Corp., Becton, Dickinson, And Company, The Surgical Company BV, Belmont Instrument Corporation, Estill Medical Technologies, Inc., Geratherm Medical AG, Inditherm PLC (Acquired By Inspiration Healthcare), Smiths Group PLC., Stihler Electronic GMBH, Stryker Corporation, 3M Company, The 37Company and Vyaire Medical Inc.
Companies mentioned
1. 3M COMPANY
2. ASAHI KASEI CORP.
3. BECTON, DICKINSON, AND COMPANY
4. BELMONT INSTRUMENT CORPORATION.
5. BIEGLER GMBH
6. ESTILL MEDICAL TECHNOLOGIES, INC.
7. GERATHERM MEDICAL AG
8. INDITHERM PLC (ACQUIRED BY INSPIRATION HEALTHCARE)
9. SMITHS GROUP PLC.
10. STIHLER ELECTRONIC GMBH
11. STRYKER CORPORATION
12. THE SURGICAL COMPANY BV
13. THE 37COMPANY
14. VYAIRE MEDICAL INC.
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