The latest research study by IMARC Group, “Intravascular Temperature Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global intravascular temperature management market share. The global intravascular temperature management market reached a value of US$ 307.20 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 378.72 Million by 2027, exhibiting a CAGR of 3.40% during 2022-2027.
Intravascular Temperature Management Industry Outlook:
Intravascular temperature management represents a safe and effective method of controlling the core temperature of the body. It relies on a closed-circuit catheter for circulating hot or cold saline to the blood during therapeutic hypothermia. Intravascular temperature management offers various benefits, such as reduced nursing time and stays in the hospital, immediate availability of triple lumen access, saving critical time in intensive care units, etc. In addition to this, it decreases complications, such as neurologic injury, as compared to conventional methods. Intravascular temperature management is used to prevent neurological damage after cardiac arrest. It also finds numerous applications in emergency care units, surgical centers, ambulatory surgical centers, etc.
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Market Trends:
The increasing prevalence of cardiovascular diseases, owing to stress, obesity, excessive smoking, lack of physical activities, etc., is primarily driving the intravascular temperature management market. Additionally, the rising consumer awareness towards the numerous benefits of this method, such as reduced morbidity and mortality rate of hospitalized patients, is further catalyzing the market growth. Besides this, the inflating popularity of intravascular temperature management for post-cardiac conditions is acting as another significant growth-inducing factor.
Moreover, the growing number of clinical studies focusing on the effectiveness of intravascular temperature management systems is also positively influencing the global market. Apart from this, the widespread adoption of technologically advanced devices across the healthcare industry is anticipated to fuel the intravascular temperature management market over the forecasted period.
| Intravascular Temperature Management Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 307.20 Million |
| Market forecast in 2027 | US$ 378.72 Million |
| Growth Rate | CAGR of 3.40% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Intravascular Cooling
- Intravascular Warming
Breakup by Product:
- Systems
- Consumables
Breakup by Application:
- Preoperative Care
- Operative Care
- Post-Operative Care
- Acute and Critical Care
Breakup by End User:
- Surgical Centers
- Emergency Care Units
- Ambulatory Surgical Centers
- Others
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are 3M Company, Asahi Kasei Corporation, Belmont Instrument Corporation, Biegler GmbH, Gentherm Incorporated, Geratherm Medical AG, Koninklijke Philips N.V., Medtronic plc, Smiths Medical Inc. (ICU Medical Inc.), Stryker Corporation, The Surgical Company B.V and Vyaire Medical Inc.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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