According to the latest report by IMARC Group, titled “Intravascular Temperature Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global intravascular temperature management market size reached US$ 320.1 Million in 2022. Intravascular temperature management is a medical technique used to control and maintain the body's core temperature during surgical procedures or in critically ill patients. It involves the use of specialized devices that can both cool and warm the blood circulating within the patient's vasculature. It offers several advantages, such as reduced nursing time and stay in the hospital, immediate availability of triple-lumen access, and saving critical time in intensive care units. It also aids in minimizing the risk of surgical site infections and optimizing patient outcomes. It is used to prevent neurological damage after cardiac arrest as it decreases complications, such as neurologic injury, compared to conventional methods. Additionally, it plays a vital role in reducing the metabolic demands on the body during surgery, promoting better recovery, and reducing the risk of postoperative complications.
Global Intravascular Temperature Management Market Trends:
The escalating prevalence of chronic diseases, such as cardiovascular conditions and neurological disorders, is driving the global market. Moreover, the increasing awareness among healthcare professionals about the importance of maintaining optimal body temperature during surgical procedures and critical care is contributing to the growth of the market. Apart from this, continual advancements in medical technology and the development of innovative intravascular temperature management devices are further supporting the market as these devices offer improved precision, ease of use, and enhanced patient comfort. Besides, governments and healthcare organizations are heavily investing in improving healthcare infrastructure, including the availability of advanced medical devices, which is providing a boost to the market. Furthermore, the rising number of clinical experiments focusing on evaluating the efficacy of intravascular temperature management systems is impacting the market favorably. Other factors, such as the increasing awareness among healthcare professionals, ongoing technological advancements, growing patient population, and significant improvements in healthcare infrastructure, are also influencing the market. Looking forward, the market value is projected to reach US$ 388.9 Million by 2028, expanding at a CAGR of 3.2% during 2023-2028.
- Based on the type, the market has been segmented into intravascular cooling, and intravascular warming.
- On the basis of the product, the market has been divided into systems, and consumables.
- Based on the application, the market has been bifurcated into preoperative care, operative care, post-operative care, and acute and critical care.
- On the basis of the end user, the market has been categorized into surgical centers, emergency care units, ambulatory surgical centers, and others.
- Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being 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.
|Base Year of the Analysis
||Type, Product, Application, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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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