The “Patient Temperature Management Market Outlook & Projections, 2019-2027” report from ResearchAndMarkets.com predicts growth through 2027.
Patient temperature management systems are used to control and manage the body temperature of patients. These systems bring the temperature down by cooling the body through therapeutic hypothermia and then maintain the body at the normal temperature.
“The market for patient temperature management for cooling systems is anticipated to grow at a CAGR of 6.34% over the forecast period, i.e., 2020-2027. The significant growth can be primarily attributed to the growing cases of cardiovascular diseases, neurological diseases and others that require effective temperature management,” according to the Business Wire press release.
“The market is segmented by cooling systems, by components, by application, by end user and by region,” the press release adds. “The segment for cooling systems is further segmented into conventional cooling systems, surface cooling systems, intravascular cooling systems and transnasal cooling systems. Out of these, the surface cooling segment was estimated to hold 48% of the total market share in 2018 and is predicted to grow at the highest rate during the forecast period as a result of increasing usage of surface cooling systems such as blankets and pads containing cooling fluids either in the form of air or water.”
“Based on application, patient temperature management market for cooling systems is segmented into cardiology, neurology, orthopedics, pediatric and others, out of which, the cardiology segment is projected to hold a significant market share and reach a market value of $335.15 million by 2027,” Business Wire reports. “The growth can be attributed to rising incidences of heart disorders such as stroke, myocardial infarction and cardiac arrest among others.”
“On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The largest share was held by the market in North America while the highest growth over the forecast period is anticipated to be observed by the market in Asia Pacific with a CAGR of 7.34% during the forecast period,” according to the release. “The market in Asia Pacific is led by China with a market value of $82.01 million in 2018. The demand for patient temperature management systems is high on account of technological advancements and rising incidences of various disorders.”
A Globe Newswire report also predicts market growth.
“The global patient temperature management market is estimated to grow at CAGR above 7.5% over the forecast time frame and reach the market value around $7.8 billion by 2026,” Globe Newswire reports citing Acumen Research and Consulting.
The increasing amount of surgeries is expected to accelerate the demand for temperature control equipment, according to the report.
There are increasing numbers of surgeries conducted with increasing incidence of cardiac arrest, and other chronic heart diseases.
“This increase is expected to drive the need for patient temperature control in order to prevent negative brain impacts,” Globe Newswire reports. “For cancer patients, patient warming devices are also used as chemotherapy and radiation additives for more successful outcomes. In addition, newborns in neonatal treatment are probably subject to changes in temperature, which keeps them in incubators for a normal body temperature. The above variables drive demand for temperature surveillance equipment.”
“Modern temperature management systems are increasingly needed as demand for standard heating and cooling equipment is increasing,” the report adds. “During the prediction era, the introduction by leading market players of a broad spectrum of ground warming and cooling technologies will have a positive effect on the patient temperature leadership industry. Over the years blood and fluid thermal control systems have also developed and can be implemented by circulating hot or cool saline through a catheter in the patient’s body.”