(PRWEB) September 20, 2014
The global temperature management market is estimated to grow at a CAGR of 2.4% from 2014 to 2019. Although mature markets such as the U.S., Germany, and U.K. hold larger shares in the temperature management market in 2014, the Asia-Pacific region is poised to grow at the highest CAGR of 3.4% in the next five years. Factors such as increasing government initiatives for modernization of healthcare infrastructure, growing number of hospitals and surgical centers, and rising focus of international and domestic players in the Asia-Pacific region are propelling growth in this market. Complete report is available at http://www.reportsnreports.com/reports/298104-temperature-management-market-by-product-surface-intravascular-systems-warming-cooling-application-acute-perioperative-care-delivery-suite-by-end-user-surgeon-anesthesiologist-nursing-paramedical-staff-global-forecasts-trends-to-2019.html .
Growth of the temperature management market is driven by factors such as rapidly aging population, increasing focus on the development of technologically advanced intravascular systems, rise in product approvals and new product launches, and geographical expansions of market players across the globe. However, factors such as unfavorable healthcare reforms in the U.S., product recalls, and high cost of temperature management systems are restraining the growth of this market. Moreover, emerging economies such as China, India, Brazil, and Mexico and contracts and agreements with the patient warming and cooling devices manufacturers and distributors are creating opportunities for growth of the temperature management market.
The global temperature management market is highly competitive, with a large number of global and local players. As of 2013, the global temperature management market was dominated by Covidien PLC, Cincinnati Sub-Zero Products Inc, Stryker Corporation, 3M Company, Smiths Medical (A Division of Smiths Group PLC), C.R. Bard Inc, Zoll Medical Corporation (Subsidiary of Asahi Kasei Corporation), Philips Healthcare (A Division of Koninklijke Philips N.V.), Inditherm PLC and Geratherm Medical AG which together accounted for ~80% of the market. Agreements, partnerships, and joint ventures; new product launches; geographical expansions; and strategic acquisitions are major strategies adopted by the market players to achieve growth in the temperature management market. Order a copy of this report (Priced US $4650) at http://www.reportsnreports.com/Purchase.aspx?name=298104 .
Geographically, North America (comprising the U.S. and Canada) commands the largest share of 42.3% of the global temperature management market in 2014, followed by Europe. The North American temperature management market is primarily driven by various factors such as growth in aging population, increasing number of surgical centers, large volume of surgical procedures, and high adoption rate of technologically advanced devices in North American countries. However, stringent regulatory policies in the North American countries, unfavorable healthcare reforms in the U.S., and increasing trend of bulk purchasing through group purchasing organizations (GPOs) and integrated health networks (IHNs) constraints the growth of the temperature management market in this region. Priced at US $4650 for a single user PDF, a discount on this research report can be requested @ http://www.reportsnreports.com/contacts/discount.aspx?name=298104 .
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