NORTH AMERICA PATIENT TEMPERATURE MANAGEMENT MARKET FORECAST 2017-2025
KEY FINDINGS
The North America patient temperature management market by application generated revenue of $0.868 Billion in 2016 and is anticipated to contribute $1.583 Billion by 2025, growing at a CAGR of 6.96%. This dominance can be attributed to a large number of surgical procedures that are taking place in the region. (US hold the largest share in the patient temperature management market.) Patient warming and cooling devices offer several benefits such as reducing loss of blood during surgeries, lowering the risks of neurological disorders post cardiac arrests, rapid recovery after surgeries, and decreasing risks of SSIs. The patient warming systems can be segmented into convective warming system, surface warming systems, and intravascular warming systems.
These benefits in turn reduce the stay at hospitals thus, lowering the healthcare costs by enhancing the healthcare infrastructure with the employment of patient temperature management devices. These health benefits offered by patient warming and cooling devices also help healthcare providers to lower the rate of readmissions significantly.
The patient temperature management market was valued at US$1.97 billion in 2016 and is expected to reach US$3.19 billion by 2022, growing at a CAGR of 7.1% during the forecast period 2017-2025. The patient warming systems market accounted for a large share and is expected to witness the highest growth during the forecast period of 2017-2025. Patient temperature management systems are developed to administer and regulate patient’s body temperature. The market for temperature management market is driven by the rapid rise in number of healthcare organizations adopting the temperature management system in multiple clinical applications and settings for the benefits of patient is likely to drive the market growth in future.
For Market size estimation, both Top down and bottom up methods to estimate and validate the size of the global market and the size of various other segments of the patient temperature management market.
Source: Inkwood Research
With emerging Health organizations and Hospitals implementing patient warming devices, enormous market growth can be predicted. Some of the other reasons for the growth of patient temperature management market are rise in incidences of Nervous System and Cardiovascular Disorders, technological enhancements, development of mobile devices, Enhanced Healthcare Infrastructure and Conferences or Symposiums on Patient Temperature Management.
Temperature management solutions are used to maintain the normal body temperature for critically ill patients during surgical procedures. The patient temperature management market can be categorized on the basis of application areas such as acute care, newborn care, perioperative care, and others. the rise in number of healthcare organizations setting up standards or guidelines for the use of temperature management systems in maintaining normothemia during neurological and cardiac surgeries is likely to accelerate the growth of the market.
The patient temperature management products market can be segregated into perioperative care, acute care, newborn care, and other applications areas (military, physiotherapy, chemotherapy, and patient transport). The major share of perioperative care can be attributed to rise in demand for surgical procedures and adherence to the guidelines set by the NICE for adoption of patient warming systems in several indications.
MARKET INSIGHTS
The rise in cardiovascular disorders and the rise in healthcare organizations setting up standards for the use of temperature management are two driving factors responsible for the market growth. Also growing demand for warming systems and launching of more patient warming systems than patient cooling systems are expected to drive the market growth. Temperature management is used to prevent neurological damage after cardiac arrests. The rise in number of healthcare organizations setting up standards or guidelines for the use of temperature management systems in maintaining normothemia during neurological and cardiac surgeries is likely to accelerate the growth of the market.
Factors that will restrain market growth are the price pressures, product recalls and high costs of IVTM systems.
The North America patient temperature management market by application generated revenue of $0.868 Billion in 2016 and is anticipated to contribute $1.583 Billion by 2025, growing at a CAGR of 6.96%. This dominance can be attributed to a large number of surgical procedures that are taking place in the region. (US hold the largest share in the patient temperature management market.) Patient warming and cooling devices offer several benefits such as reducing loss of blood during surgeries, lowering the risks of neurological disorders post cardiac arrests, rapid recovery after surgeries, and decreasing risks of SSIs. The patient warming systems can be segmented into convective warming system, surface warming systems, and intravascular warming systems.
These benefits in turn reduce the stay at hospitals thus, lowering the healthcare costs by enhancing the healthcare infrastructure with the employment of patient temperature management devices. These health benefits offered by patient warming and cooling devices also help healthcare providers to lower the rate of readmissions significantly.
The patient temperature management market was valued at US$1.97 billion in 2016 and is expected to reach US$3.19 billion by 2022, growing at a CAGR of 7.1% during the forecast period 2017-2025. The patient warming systems market accounted for a large share and is expected to witness the highest growth during the forecast period of 2017-2025. Patient temperature management systems are developed to administer and regulate patient’s body temperature. The market for temperature management market is driven by the rapid rise in number of healthcare organizations adopting the temperature management system in multiple clinical applications and settings for the benefits of patient is likely to drive the market growth in future.
For Market size estimation, both Top down and bottom up methods to estimate and validate the size of the global market and the size of various other segments of the patient temperature management market.
Source: Inkwood Research
With emerging Health organizations and Hospitals implementing patient warming devices, enormous market growth can be predicted. Some of the other reasons for the growth of patient temperature management market are rise in incidences of Nervous System and Cardiovascular Disorders, technological enhancements, development of mobile devices, Enhanced Healthcare Infrastructure and Conferences or Symposiums on Patient Temperature Management.
Temperature management solutions are used to maintain the normal body temperature for critically ill patients during surgical procedures. The patient temperature management market can be categorized on the basis of application areas such as acute care, newborn care, perioperative care, and others. the rise in number of healthcare organizations setting up standards or guidelines for the use of temperature management systems in maintaining normothemia during neurological and cardiac surgeries is likely to accelerate the growth of the market.
The patient temperature management products market can be segregated into perioperative care, acute care, newborn care, and other applications areas (military, physiotherapy, chemotherapy, and patient transport). The major share of perioperative care can be attributed to rise in demand for surgical procedures and adherence to the guidelines set by the NICE for adoption of patient warming systems in several indications.
MARKET INSIGHTS
The rise in cardiovascular disorders and the rise in healthcare organizations setting up standards for the use of temperature management are two driving factors responsible for the market growth. Also growing demand for warming systems and launching of more patient warming systems than patient cooling systems are expected to drive the market growth. Temperature management is used to prevent neurological damage after cardiac arrests. The rise in number of healthcare organizations setting up standards or guidelines for the use of temperature management systems in maintaining normothemia during neurological and cardiac surgeries is likely to accelerate the growth of the market.
Factors that will restrain market growth are the price pressures, product recalls and high costs of IVTM systems.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. STUDY AND FORECASTING YEARS
1.4. RESEARCH METHODOLOGY
2. SOURCES OF DATA
2.1. PRIMARY SOURCES
2.2. SECONDARY SOURCES
2.3. MARKET SIZE ESTIMATION
2.4. DATA TRIANGULATION
2.5. ASSUMPTIONS
3. EXECUTIVE SUMMARY
3.1. INTRODUCTION
3.2. DEFINITIONS
3.3. NORMOTHERMIA
3.4. HYPOTHERMIA
3.5. HYPERTHERMIA
3.6. PATIENT TEMPERATURE MANAGEMENT SYSTEM
3.7. ADVANTAGES OF PATIENT TEMPERATURE MANAGEMENT SYSTEMS
4. MARKET OVERVIEW
4.1. MARKET DRIVERS
4.2. MARKET RESTRAINTS
4.3. MARKET OPPORTUNITIES
5. NORTH AMERICA
5.1. US
5.2. CANADA
6. MARKET SEGMENTATION
6.1. MARKET BY PRODUCTS
6.1.1. PATIENT WARMING SYSTEMS
6.1.2. CONVECTIVE WARMING SYSTEMS
6.1.3. SURFACE WARMING SYSTEMS
6.1.4. INTRAVASCULAR WARMING SYSTEMS
6.1.5. PATIENT COOLING SYSTEMS
6.1.6. SURFACE COOLING SYSTEMS
6.1.7. INTRAVASCULAR COOLING SYSTEMS
6.2. MARKET BY APPLICATION AREA
6.2.1. PERIOPERATIVE CARE
6.2.2. NEWBORN CARE
6.2.3. ACUTE CARE
6.2.4. OTHER APPLICATION AREA
6.3. MARKET BY END USERS
6.3.1. SURGICAL CENTER
6.3.2. EMERGENCY CARE UNITS
6.3.3. AMBULATORY SITES
7. KEY ANALYTICAL
7.1. VALUE CHAIN ANALYSIS
7.2. SUPPLY CHAIN ANALYSIS
7.3. ACQUISITIONS: KEY GROWTH STRATEGY OF LEADING PLAYERS
8. COMPANY PROFILING
8.1. C. R. BARD, INC.
8.2. CINCINNATI SUB-ZERO PRODUCTS INC.
8.3. GERATHERM MEDICAL AG
8.4. INDITHERM PLC
8.5. MEDTRONIC PLC (COVIDIEN PLC)
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. STUDY AND FORECASTING YEARS
1.4. RESEARCH METHODOLOGY
2. SOURCES OF DATA
2.1. PRIMARY SOURCES
2.2. SECONDARY SOURCES
2.3. MARKET SIZE ESTIMATION
2.4. DATA TRIANGULATION
2.5. ASSUMPTIONS
3. EXECUTIVE SUMMARY
3.1. INTRODUCTION
3.2. DEFINITIONS
3.3. NORMOTHERMIA
3.4. HYPOTHERMIA
3.5. HYPERTHERMIA
3.6. PATIENT TEMPERATURE MANAGEMENT SYSTEM
3.7. ADVANTAGES OF PATIENT TEMPERATURE MANAGEMENT SYSTEMS
4. MARKET OVERVIEW
4.1. MARKET DRIVERS
4.2. MARKET RESTRAINTS
4.3. MARKET OPPORTUNITIES
5. NORTH AMERICA
5.1. US
5.2. CANADA
6. MARKET SEGMENTATION
6.1. MARKET BY PRODUCTS
6.1.1. PATIENT WARMING SYSTEMS
6.1.2. CONVECTIVE WARMING SYSTEMS
6.1.3. SURFACE WARMING SYSTEMS
6.1.4. INTRAVASCULAR WARMING SYSTEMS
6.1.5. PATIENT COOLING SYSTEMS
6.1.6. SURFACE COOLING SYSTEMS
6.1.7. INTRAVASCULAR COOLING SYSTEMS
6.2. MARKET BY APPLICATION AREA
6.2.1. PERIOPERATIVE CARE
6.2.2. NEWBORN CARE
6.2.3. ACUTE CARE
6.2.4. OTHER APPLICATION AREA
6.3. MARKET BY END USERS
6.3.1. SURGICAL CENTER
6.3.2. EMERGENCY CARE UNITS
6.3.3. AMBULATORY SITES
7. KEY ANALYTICAL
7.1. VALUE CHAIN ANALYSIS
7.2. SUPPLY CHAIN ANALYSIS
7.3. ACQUISITIONS: KEY GROWTH STRATEGY OF LEADING PLAYERS
8. COMPANY PROFILING
8.1. C. R. BARD, INC.
8.2. CINCINNATI SUB-ZERO PRODUCTS INC.
8.3. GERATHERM MEDICAL AG
8.4. INDITHERM PLC
8.5. MEDTRONIC PLC (COVIDIEN PLC)
LIST OF TABLES
1. NORTH AMERICA PATIENT WARMING SYSTEMS MARKET 2017-2025, (IN $BILLIONS)
2. NORTH AMERICA CONVECTIVE WARMING SYSTEMS MARKET BY REGION, 2017-2025(IN $BILLIONS)
3. NORTH AMERICA SURFACE WARMING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
4. NORTH AMERICA INTRAVASCULAR WARMING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
5. NORTH AMERICA PATIENT COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
6. NORTH AMERICA SURFACE COOLING SYSTEMS MARKET 2017-2025 (IN $BILLIONS)
7. NORTH AMERICA INTRAVASCULAR COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
8. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN PERIOPERATIVE CARE 2017-2025(IN $BILLIONS)
9. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN NEWBORN CARE 2017-2025 (IN $BILLIONS)
10. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN ACUTE CARE 2017-2025(IN $BILLIONS)
11. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN OTHER APPLICATIONS, 2017-2025(IN $BILLIONS)
12. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN SURGICAL CENTERS 2017-2025 (IN $BILLIONS)
13. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN EMERGENCY CARE UNITS 2017-2025 (IN $BILLIONS)
14. NORTH AMERICA TEMPERATURE SYSTEMS MARKET IN AMBULATORY SITES 2017-2025,(IN $BILLIONS)
15. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET BY COUNTRY, 2017-2025, (IN $BILLIONS)
1. NORTH AMERICA PATIENT WARMING SYSTEMS MARKET 2017-2025, (IN $BILLIONS)
2. NORTH AMERICA CONVECTIVE WARMING SYSTEMS MARKET BY REGION, 2017-2025(IN $BILLIONS)
3. NORTH AMERICA SURFACE WARMING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
4. NORTH AMERICA INTRAVASCULAR WARMING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
5. NORTH AMERICA PATIENT COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
6. NORTH AMERICA SURFACE COOLING SYSTEMS MARKET 2017-2025 (IN $BILLIONS)
7. NORTH AMERICA INTRAVASCULAR COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
8. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN PERIOPERATIVE CARE 2017-2025(IN $BILLIONS)
9. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN NEWBORN CARE 2017-2025 (IN $BILLIONS)
10. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN ACUTE CARE 2017-2025(IN $BILLIONS)
11. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN OTHER APPLICATIONS, 2017-2025(IN $BILLIONS)
12. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN SURGICAL CENTERS 2017-2025 (IN $BILLIONS)
13. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN EMERGENCY CARE UNITS 2017-2025 (IN $BILLIONS)
14. NORTH AMERICA TEMPERATURE SYSTEMS MARKET IN AMBULATORY SITES 2017-2025,(IN $BILLIONS)
15. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET BY COUNTRY, 2017-2025, (IN $BILLIONS)
LIST OF FIGURES
1. MARKET SIZE ESTIMATION
2. DATA TRIANGULATION
3. NORTH AMERICA PATIENT WARMING SYSTEMS MARKET, 2017-2025, (IN $BILLIONS)
4. NORTH AMERICA CONVECTIVE WARMING SYSTEMS MARKET , 2017-2025(IN $BILLIONS)
5. NORTH AMERICA SURFACE WARMING SYSTEMS MARKET, 2017-2025(IN $BILLIONS)
6. NORTH AMERICA INTRAVASCULAR WARMING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
7. NORTH AMERICA PATIENT COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
8. NORTH AMERICA SURFACE COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
9. NORTH AMERICA INTRAVASCULAR COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
10. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN PERIOPERATIVE CARE 2017-2025(IN $BILLIONS)
11. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN NEWBORN CARE 2017-2025 (IN $BILLIONS)
12. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN ACUTE CARE 2017-2025(IN $BILLIONS)
13. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN OTHER APPLICATIONS 2017-2025(IN $BILLIONS)
14. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN SURGICAL CENTERS 2017-2025 (IN $BILLIONS)
15. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN EMERGENCY CARE UNITS, 2017-2025 (IN $BILLIONS)
16. NORTH AMERICA TEMPERATURE SYSTEMS MARKET IN AMBULATORY SITES 2017-2025(IN $BILLIONS)
17. VALUE CHAIN ANALYSIS
18. SUPPLY CHAIN ANALYSIS
19. US PATIENT TEMPERATURE MANAGEMENT MARKET, 2017-2025(IN $BILLION)
20. CANADA PATIENT TEMPERATURE MANAGEMENT MARKET, 2017-2025 (IN $BILLIONS)
1. MARKET SIZE ESTIMATION
2. DATA TRIANGULATION
3. NORTH AMERICA PATIENT WARMING SYSTEMS MARKET, 2017-2025, (IN $BILLIONS)
4. NORTH AMERICA CONVECTIVE WARMING SYSTEMS MARKET , 2017-2025(IN $BILLIONS)
5. NORTH AMERICA SURFACE WARMING SYSTEMS MARKET, 2017-2025(IN $BILLIONS)
6. NORTH AMERICA INTRAVASCULAR WARMING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
7. NORTH AMERICA PATIENT COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
8. NORTH AMERICA SURFACE COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
9. NORTH AMERICA INTRAVASCULAR COOLING SYSTEMS MARKET 2017-2025(IN $BILLIONS)
10. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN PERIOPERATIVE CARE 2017-2025(IN $BILLIONS)
11. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN NEWBORN CARE 2017-2025 (IN $BILLIONS)
12. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN ACUTE CARE 2017-2025(IN $BILLIONS)
13. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN OTHER APPLICATIONS 2017-2025(IN $BILLIONS)
14. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN SURGICAL CENTERS 2017-2025 (IN $BILLIONS)
15. NORTH AMERICA PATIENT TEMPERATURE SYSTEMS MARKET IN EMERGENCY CARE UNITS, 2017-2025 (IN $BILLIONS)
16. NORTH AMERICA TEMPERATURE SYSTEMS MARKET IN AMBULATORY SITES 2017-2025(IN $BILLIONS)
17. VALUE CHAIN ANALYSIS
18. SUPPLY CHAIN ANALYSIS
19. US PATIENT TEMPERATURE MANAGEMENT MARKET, 2017-2025(IN $BILLION)
20. CANADA PATIENT TEMPERATURE MANAGEMENT MARKET, 2017-2025 (IN $BILLIONS)
