Research Nester released a report titled “Patient Temperature Management Market for Cooling Systems: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global patient temperature management market for cooling systems in terms of market segmentation by cooling systems, by components, by application, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Patient temperature management for cooling systems involves managing or controlling the patient’s high body temperature and brining it down through the application of therapeutic hypothermia. The market for this is anticipated to grow at a CAGR of 6.34% over the forecast period, i.e., 2020-2027. This can be attributed to the rising incidences of cardiovascular diseases, neurological disorders and other such diseases.
The market is segmented by cooling systems, by components, by application, by end user and by region. The segment for cooling systems is further segmented into conventional cooling systems, surface cooling systems, intravascular cooling systems and transnasal cooling systems. Out of these, the surface cooling systems segment is estimated to grow at the highest rate in the next few years as a result of these systems being commonly used for patient temperature management. Surface cooling systems are commonly either air circulated or water circulated.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The largest share of 37.73% in the global market was held by the market in North America on account of increasing investments in medical devices by manufacturers in the region. Further, the growing expenditure on healthcare by people living in countries such as the U.S. and Canada is another factor estimated to drive the market growth in this region. Patient temperature management market in Asia Pacific is mainly led by the market in China as a result of growing availability of advanced technologies for the healthcare industry in the region.
Numerous Applications of these Systems for Temperature Management to Augment the Market Growth
Cooling systems for patient temperature management have a wide variety of applications and are suitable to be used by both adults and children, which is a major factor anticipated to result in the market growth over the forecast period. Rising incidences of various diseases that cause a surge in the body temperature such as cardiovascular disease, neurological disorders, orthopedic surgeries and other disorders is another factor which is estimated to raise the demand for such systems in the market. However, the market is predicted to face some challenging factors that might hamper the growth. The high cost associated with the cooling systems and the stringent manufacturing regulations that makes the approval proves of these devices extensive are few of such factors.
This report also provides the existing competitive scenario of some of the key players of the global patient temperature management market for cooling systems which includes company profiling of Becton, Dickinson and Company, Stryker, ZOLL Medical Corporation, QuickCool AB, GENTHERM, Attune Medical, Hirtz & Co. KG and BrainCool. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global patient temperature management market for cooling systems that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.