Global Intravascular Temperature Management Market Size By Medical Condition, By Operative Care, By Application, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Intravascular Temperature Management Market Size and Forecast

Intravascular Temperature Management Market size was valued at USD 3.21 Billion in 2024 and is projected to reach USD 3.87 Billion by 2031, growing at a CAGR of 3.88% from 2024 to 2031.

Global Intravascular Temperature Management Market Drivers

The market drivers for the Intravascular Temperature Management Market can be influenced by various factors. These may include

  • Growing Prevalence Of Cardiac Arrest And Neurological Illnesses To reduce neurological damage and enhance patient outcomes, there is an increasing need for efficient temperature control solutions as the incidence of cardiac arrest, stroke, and other neurological illnesses rises worldwide.
  • Growing Need For Minimally Invasive Procedures As invasive surgeries are no longer necessary for precise temperature control, intravascular temperature management devices are becoming more and more in demand as healthcare moves toward minimally invasive procedures.
  • Developments In Technology The creation of more effective warming and cooling devices, together with other ongoing developments in intravascular temperature management technology, are propelling the market’s expansion. Improved patient outcomes and a greater uptake by healthcare practitioners are the results of these developments.
  • Growing Recognition And Acceptance Of Hypothermia Therapy Hypothermia therapy is becoming more widely accepted as a successful treatment for a number of illnesses, including stroke, traumatic brain damage, and cardiac arrest. The adoption of intravascular temperature management devices is being driven by patients’ and healthcare professionals’ rising knowledge of this.
  • Growing Geriatric Population As the world’s population ages, there is a greater risk of heart attack, stroke, and neurological problems. As a result, there is a growing need for intravascular temperature management technologies to enhance patient outcomes in this population.
  • Government Funding And Initiatives Research and development in temperature management systems is being supported financially, and government initiatives to improve healthcare infrastructure are also driving market growth.
  • Expansion Of Healthcare Facilities In Emerging Markets As a result of rising investments in healthcare infrastructure and the growth of healthcare facilities, particularly in emerging markets, new avenues for market participants to establish themselves and reach unexplored markets are opening up.
  • Growing Clinical Evidence For The Benefits And Usefulness Of Intravascular Temperature Management Intravascular temperature management is becoming more and more popular among healthcare professionals as evidence of its benefits and usefulness in improving patient outcomes mounts.

Global Intravascular Temperature Management Market Restraints

Several factors can act as restraints or challenges for the Intravascular Temperature Management Market. These may include

  • Cost Restrictions Developing, producing, and maintaining intravascular temperature management devices can be costly. Adoption may be hampered by high expenses, especially in areas with limited healthcare funding.
  • Limited Adoption And Awareness Despite the advantages, healthcare practitioners may not be as knowledgeable of intravascular temperature management devices as they should be. Adoption rates may be slowed by this ignorance.
  • Regulatory Difficulties The release of new products or improvements to current ones might be delayed by the protracted and complicated regulatory approval procedures. Another difficulty may be adhering to differing regulatory norms in different countries.
  • Technological Restrictions To increase the effectiveness, safety, and utility of intravascular temperature management devices, technological advancements are required. Technological constraints that could impede market expansion include insufficient cooling capability, potential for tissue damage, or incompatibility with current medical devices.
  • Competition A number of well-established companies and recent entrants are fighting for market share in the intravascular temperature management systems industry. Competition that is too fierce can put pressure on prices and lower profitability.
  • Infrastructure Requirements Investing much in specialized equipment and skilled labor may be necessary for the implementation of intravascular temperature management systems. It might be difficult for healthcare facilities with low funding to implement these technologies.
  • Safety Issues Healthcare practitioners may be discouraged from use intravascular catheters due to safety issues, such as the possibility of thrombosis or infection, or they may result in more stringent regulations.
  • payment Issues Healthcare providers may be deterred from providing intravascular temperature management techniques or from investing in related technologies if payment policies are inconsistent or limited.

Global Intravascular Temperature Management Market Segmentation Analysis

The Global Intravascular Temperature Management Market is segmented on the basis of Medical Condition, Operative Care, Application, And Geography.

Intravascular Temperature Management Market, By Medical Condition

  • Traumatic Brain Injury
  • Cardiac Arrest
  • Stroke
  • Myocardial Infarction
  • Others

Based on Medical Condition, Intravascular Temperature Management Market has been segmented into Traumatic Brain Injury, Cardiac Arrest, Stroke, Myocardial Infarction, and Others. Currently, the Traumatic Brain Injury segment holds the highest market share and is likely to show strong market growth during the forecasted period. Intravascular cooling methods are being utilized to lower intracranial pressure (ICP) during TBI treatments as a preventative step. As a result, intrusive cooling methods are increasingly being used in neurocritical care units.

Intravascular Temperature Management Market, By Operative Care

  • Preoperative Care
  • Operative Care
  • Post-Operative Care

Based on Operative Care, Intravascular Temperature Management Market is segmented into Preoperative Care, Operative Care, and Post-Operative Care. The Pre-Operative Care segment holds the highest market share and is likely to show strong market growth during the forecasted period. This strong market growth can be due to an increased understanding of the benefits of preoperative warming in surgical settings.

Intravascular Temperature Management Market, By Application

  • Perioperative Care
  • Acute/Critical Care
  • Intensive Care Units
  • Coronary Care Units
  • Neurological Care Units

Based on Application, Intravascular Temperature Management Market is segmented into Perioperative Care, Acute/Critical Care, Intensive Care Units, Coronary Care Units and Neurological Care Units. Currently, the Acute/Critical Care segment holds the highest market share and is likely to witness strong market growth during the forecasted period. Acute care is used to help patients during an emergency or while they are receiving surgery at a hospital. The expansion of the acute care segment is being fuelled by an increase in the number of goods, a rise in the number of surgical operations, and an increase in the aging population.

Intravascular Temperature Management Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

On the basis of regional analysis, the Global Intravascular Temperature Management Market is classified into North America, Europe, Asia Pacific, and Rest of the world. the North American region currently holds the highest market share in the Global Intravascular Temperature Management Market and is likely to maintain its market lead owing to an increase in the number of surgical facilities and neurological illnesses, as well as an increase in the region’s acceptance rate of technologically sophisticated products.

The APAC region is likely to show strong market growth during the forecasted period because of the significant need for intravascular temperature management systems in this region as a result of rising surgical operations and the frequency of chronic illnesses, particularly in elderly populations.

Key Players

The major players in the Intravascular Temperature Management Market are

  • Asahi Kasei Corporation
  • Belmont Medical Technologies
  • Biegler GmbH
  • Geratherm Medical AG
  • Smiths Group plc
  • Stihler Electronic GmbH
  • The Surgical Company
  • VYAIRE Medical, Inc.
  • EMIT Corporation
  • Barkey
  • ZOLL Medical Corporation
  • Keewell Medical Technology Co. Ltd.
  • Stryker Corporation
  • BD (Becton, Dickinson and Company)
  • Estill Medical Technologies, Inc.
  • Inspiration Healthcare Group plc
  • Medtronic plc
  • Koninklijke Philips N.V.
  • Becton

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

Smith Group plc, The Surgical Company BV, Belmont Instrument Corporation, Biegler GMBH, Stryker Corporation, Zoll Medical Corporation, Becton.

Segments Covered

Medical Condition, Operative Care, Application, and Geography

Customization scope

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Research Methodology of Market Research

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