Global Intravascular Warming Systems Market, By Application (Acute Care, Perioperative Care), Product Type (Insulated Intravenous Tubing, Connective Warming Tubing, Water Bath Warming System, Heat Block Warming System, Others), Medical Specialty (Cardiology, Neurology, Oncology, Orthopedics, General Surgery, Others) End User (Operating Rooms, ICUs, Emergency Rooms, Others) – Industry Trends and Forecast to 2029.
Intravascular Warming Systems Market Analysis and Size
Intravascular warming systems are steadily developing technology that promises to make medicine administration more efficient and less painful. The growth of the intravascular warming systems market is mainly due to the increasing prevalence of cardiovascular disease and the need for medical devices suitable for treatment. Intravascular temperature control systems are primarily used in cardiovascular surgery as post-cardiac arrest management. Adoption of intravascular temperature control systems is likely to increase in the coming years as the healthcare industry continues to grow and the need to have access to the highest quality medical devices. As the number of specialized hospitals and medical service centers offering advanced medical facilities grows, the intravascular temperature control system market can grow rapidly. Manufacturers and distributors of intravascular temperature control systems are adopting innovative manufacturing and marketing strategies to attract more end users in the coming years.
Data Bridge Market Research analyses that the intravascular warming systems market which was valued at USD 403.12 million in 2021, would rocket up to USD 809.16 million by 2029, and is expected to undergo a CAGR of 9.10% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Intravascular Warming Systems Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Acute Care, Perioperative Care), Product Type (Insulated Intravenous Tubing, Connective Warming Tubing, Water Bath Warming System, Heat Block Warming System, Others), Medical Specialty (Cardiology, Neurology, Oncology, Orthopedics, General Surgery, Others) End User (Operating Rooms, ICUs, Emergency Rooms, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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3M (U.S.), BD (U.S.), Geratherm Medical AG (Germany), Medtronic (Ireland), Smiths Medical (U.S.), Stryker (U.S.), ZOLL Medical Corporation (U.S.), Inspiration Healthcare Group plc (U.K.)
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Market Opportunities
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Market Definition
Hypothermia can be caused by a variety of factors, including accidental exposure, medical disorders, or induced hypothermia as part of therapy. During vascular surgery, induced hypothermia is used for neurological protection, however a patient cannot stay below normal body temperature for an extended period of time without risk. As a result, rewarming patients is critical. Thus, in this regard, intravascular warming devices or systems are used to keep the patients warm, or normal body temperature, which can help patients recover more quickly. Rising adoption of these technologically advanced medical devices is surely helping boost the market growth and increase the intravascular warming systems market.
Global Intravascular Warming Systems Market Dynamics
Drivers
- Surge in Surgical Procedures
Cardiovascular diseases are on the rise and it require constant maintenance of a patient's normal body temperature. Hence, there is a need for blood warming devices that will help to warm the blood infused in a patient's body. As a result, these intravascular warming systems are on the rise.
- High Incidence of Neurological and Cardiovascular Conditions
In developed countries, neurological diseases (N.D.s) constitute one of the main causes of death. Alzheimer's disease (A.D.) and Parkinson's disease (P.D.) is the most common neurological disorders. Many neurological disorders increase the chances of cardiovascular conditions, which in return demands the increasing use of warming systems.
- Adoption of technologically advanced devices
Another key driver driving market expansion is the increasing adoption of technologically advanced medical devices in operating rooms, intensive care units, and emergency rooms. Manufacturers are concentrating on improving in-line intravascular warming devices, which allow normothermic blood and intravenous fluids to flow more quickly. These items' portability also makes them ideal to use during trauma or while bringing a patient to the hospital.
Opportunities
- Growth of emergency room segments
During the projected period, the emergency rooms category is expected to develop at the fastest rate. The rising usage of intravascular warming systems for the treatment of accident and trauma patients is a major element driving this segment's growth.
- Enhanced temperature management therapies and latest equipment
The intravascular warming system market in emerging countries is predicted to rise significantly in the coming future. Technological advances and improved patient body temperature control therapies are also responsible for driving the intravascular warming systems market during the forecast period.
Restraints/Challenges
- Higher cost related to patient care
The high costs associated with patient care in the intensive care unit are curbing the current market growth of intravascular warming systems.
This intravascular warming systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the intravascular warming system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Global Intravascular Warming Systems Market
COVID19 is an unparalleled global public health emergency, affecting almost every industry, and long-term impacts are expected to impact industry growth during the forecast period. Continued innovation will drive the growth of the global intravascular warming systems market. In the post-pandemic era, most intravascular warming companies focus on urgency and consumer focus. Efforts to reduce costs in different value chain segments to sell products at competitive prices. In addition, long-term, continuous innovation and customer-oriented strategies associated with production modernization and expansion remain important success factors.
Global Intravascular Warming Systems Market Scope
The intravascular warming system market is segmented on the basis of application, product type, medical specialty and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Insulated Intravenous Tubing
- Connective Warming Tubing
- Water Bath Warming System
- Heat Block Warming System
- Others
Application
- Acute Care
- Perioperative Care
Medical Specialty
- Cardiology
- Neurology
- Oncology
- Orthopedics
- General Surgery
- Others
End-User
- Operating rooms
- ICUs
- Emergency rooms
- Others
Global Intravascular Warming Systems Market Regional Analysis/Insights
The intravascular warming systems market is analysed and market size insights and trends are provided by country, application, product type, medical specialty and end-user as referenced above.
The countries covered in the intravascular warming systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the intravascular warming systems market due to the well-developed health infrastructure, high incidence of hypothermia, and related mortality rates such as the percentage of total national health care costs. A large investment in U.S. hospital development is the patient's overall well-being.
Asia-Pacific is expected to proliferate throughout the forecast period 2022 to 2029 due to the increased percentage of surgeries and increased geriatric population.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Intravascular Warming Systems Market Share Analysis
The intravascular warming systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to intravascular warming systems market.
Some of the major players operating in the intravascular warming systems market are:
- 3M (U.S.)
- BD (U.S.)
- Geratherm Medical AG (Germany)
- Medtronic (Ireland)
- Smiths Medical (U.S.)
- Stryker (U.S.)
- ZOLL Medical Corporation (U.S.)
- Inspiration Healthcare Group plc (U.K.)
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