Temperature Management Market worth $2.5 Billion by 2019 - New Report by MarketsandMarkets
(PRWEB) September 25, 2014 -- The report “Temperature Management Market by Product (Surface & Intravascular Systems- Warming & Cooling), Application (Acute & Perioperative Care, Delivery Suite), End User (Surgeon & Anesthesiologist, Nursing & Paramedical Staff) - Global Forecasts & Trends to 2019” analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Browse 100 market data tables and 76 figures spread through 207 slides and in-depth TOC on “Temperature Management Market by Product (Surface & Intravascular Systems- Warming & Cooling), Application (Acute & Perioperative Care, Delivery Suite), End User (Surgeon & Anesthesiologist, Nursing & Paramedical Staff) - Global Forecasts & Trends to 2019”
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This report studies the global temperature management market over the forecast period of 2014 to 2019. The market is expected to reach $2.5 billion by 2019 at CAGR of 2.4% from 2014 to 2019.
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On the basis of products, the global temperature management market is classified into two major segments, namely, patient warming systems and patient cooling systems. The patient warming systems segment is further classified into surface warming systems, intravascular warming systems, and patient warming accessories. The surface warming systems market is categorized into two subsegments, namely, convective warming systems and conductive warming systems. Likewise, the patient cooling systems market is categorized into surface cooling systems, intravascular cooling systems, and patient cooling accessories.
On the basis of applications, the global temperature management market is divided into four major segments, namely, acute care, perioperative care, newborn care, and others. The acute care market is further classified into six segments, namely, intensive care unit, emergency room, coronary care unit, neuro-intensive care unit, burn center, and catheterization laboratory. Similarly, the perioperative care market is classified into three segments, namely, operating theater, recovery room, and preoperative care unit; whereas the newborn care market is divided into three segments, namely, delivery suites, neonatal intensive care unit, and postnatal wards. The others segmentation includes medical or surgical unit, physiotherapy, military applications, patient transport, and chemotherapy.
On the basis of end users, the global temperature management market is divided into three major segments, namely, surgeons and anesthesiologists, nursing staff, and paramedical staff.
Factors such as high incidences of cardiac arrest, rapid growth in aging population, technological advancements, and growing number of surgical procedures are driving the growth of the global temperature management market. However, factors such as product recalls, high costs of IVTM systems, and unfavourable healthcare reforms in the U.S. restrict the growth of this market.
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As of 2014, North America accounts for the largest share of the global temperature management market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 3.4% from 2014 to 2019. This high growth can be attributed to rising government efforts to increase population access for elective surgeries, growing popularity of cosmetic surgeries, and increasing focus of global market players on developing countries.
Some of the major players in the global temperature management market are 3M Company (U.S.), C.R. Bard, Inc. (U.S.), Cincinnati Sub-Zero Products Inc. (U.S.), Covidien plc (Ireland), Geratherm Medical AG (Germany), Inditherm plc (U.K.), Koninklijke Philips N.V. (Netherlands), Smiths Group plc (U.S.), Stryker Corporation (U.S.), and ZOLL Medical Corporation (U.S.).
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