New analysis from Frost & Sullivan (http://www.healthcare.frost.com), Western European Patient Temperature Management Market, finds that the market generated $ 556.5 million in 2011 and estimates this to reach $ 903.2 million in 2018. The research covers blood and fluid warmers, convective warming devices, invasive warming and cooling devices and surface warming and cooling devices.
The patient warming systems segment has witnessed steady growth over the last 2 years due to recommendations made by healthcare bodies such as the National Health Service (NHS) in the United Kingdom. Nationally recommended guidelines now counsel patient warming devices for pre-operative, peri-operative and post-operative phases.
"National guidelines issued by healthcare governing bodies are suggesting the use of patient warming devices to minimise inadvertent peri-operative hypothermia," explains Frost & Sullivan Healthcare Analyst Brahadeesh Chandrasekaran. "One of the recommendations made by the Guideline Development Group to the National Institute of Health and Clinical Excellence (NICE) in the United Kingdom has been to use patient warming devices during the intra-operative phase."
At the same time, many research studies are highlighting the benefits of induced hypothermia in patients undergoing cardiac, brain and spinal surgery. This is set to spur demand for patient cooling devices.
Despite the implementation of guidelines and increasing clinical evidence supporting the use of warming and cooling devices, adoption by healthcare professionals continues to lag.
"Low adoption levels are due to a lack of confidence among trained professionals who are diffident about using these technologically sophisticated products across various surgical procedures," notes Chandrasekaran. "Manufacturers need to focus on making their products more accessible and user-friendly."
The market is highly dynamic and competitive with high growth potential projected over the next 3 to 5 years. Keen to leverage this growth, large medical device companies have already entered and strengthened their product lines. The market has also already witnessed 5 major acquisitions in the last 2 years, and this mergers and acquisitions trend is set to continue.
"There is no clear market leader with a dominant share in all 4 segments," concludes Chandrasekaran. "Companies are, therefore, seeking to gain a competitive edge through strategic alliances and acquisitions that will allow them to develop a comprehensive product portfolio."
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