The Global PatientTemperature Management Systems Market, by Product Type (Patient WarmingSystems (Conventional Warming Systems, Surface Warming Systems, and IntravascularWarming Systems) and Patient Cooling Systems (Conventional Cooling Systems,Surface Cooling Systems, and Intravascular Cooling Systems)), by Application(General Surgery, Cardiology, Neurology, Pediatrics, and Others), by End User(Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Others), and byRegion (North America, Latin America, Europe, Asia Pacific, Middle East, andAfrica) is estimated to be valued at US$ 2.6 billion in 2017, and is projectedto exhibit a CAGR of 2.5% over the forecast period (2018 – 2026).
Patient temperature managementsystems are used to manage hypothermic or hyperthermic conditions of patientsduring surgical procedures and other medical conditions. Temperature monitoringand its maintenance in normal range is an important part of patient care duringhospitalization. Traditional methods of temperature management such as blanketsand cooling pads are increasingly being replaced by intravenous temperaturemanagement methods. However, current conventional patient temperaturemanagement systems have wide application of the blankets and cooling pads.
Presently, the patienttemperature management system market is characterized by major players.However, new product launches with novel technology is the major factorboosting the patient temperature management systems market growth over theforecast period. For instance, in 2016, VitaHeat Medical, LLC, a privatemedical device company, launched VitaHeat UB3 patient warming system, thecompany’s innovative technology that warms the patient’s body using patentedconductive ink technology in the form of thin mattress.
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Furthermore, in 2018, BrainCool,a Sweden-based company, received FDA approval for the IQool Warm System, usedfor both cooling and reheating of the body using pads placed around the head,neck, thighs, and torso. In 2018, Inspiration Healthcare received CE approvalfor its Inditherm Alpha patient warming system.
Browse Market Data 32 Tables and30 Figures spread through 150 Pages and in-depth TOC on "PatientTemperature Management Systems Market, by Product Type (Patient Warming Systems(Conventional Warming Systems, Surface Warming Systems and IntravascularWarming Systems) and Patient Cooling Systems (Conventional Cooling Systems,Surface Cooling Systems and Intravascular Cooling Systems)), by Application(General Surgery, Cardiology, Neurology, Pediatrics and Others), by End User(Hospitals, Ambulatory Surgical Centers, Specialty Clinics and Others) and byRegion - Global Forecast to 2026”
Furthermore, strategiccollaborations, agreements, and mergers and acquisitions are expected to drivethe patient temperature management systems market growth. For instance, in2014, Zoll Medical Corp., a medical device and related software manufacturer, acquiredtemperature management business from Philips Healthcare. As part of theacquisition, InnerCool temperature management business, which comprises RTxEndovascular System, the Accutrol catheter, and the CoolRepeat and STx SurfaceCooling Systems, having regulatory approval in the U.S.
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Key Takeaways of the PatientTemperature Management Systems Market:
The global patient temperaturemanagement system market is expected to expand at a CAGR of 2.5% during theforecast period (2018 – 2026), owing to increasing product launches
Among product types, the patientwarming systems segment is expected to hold a dominant position, owing toincreasing number of products and its wide use during surgeries
Among applications, the generalsurgery segment is expected to hold a dominant position, as general surgeriescover a wide array of surgeries with large patient pool undergoing thesesurgeries.
Some of the major playersoperating in the global patient temperature management systems market include3M Company, Cincinnati Sub-Zero Products, LLC, C.R. Bard, Inc., Zoll MedicalCorporation, Smith Medicals, Stryker Corporation, Medtronic plc, and The37Company
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