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Global Intravascular Temperature Management Market: Overview
Of late, the global market for intravascular temperature management has witnessed a noticeable rise and it is poised to experience a phase of positive growth in the years to come. The rising awareness among consumers and the increasing initiatives by the governments in various economies are likely to boost this market significantly over the next few years.
Global Intravascular Temperature Management Market: Key Trends
The two main types of intravascular temperature management solutions are intravascular warming and intravascular cooling solutions. Currently, the demand for intravascular warming is relatively higher and is expected to continue like this in the near future. Intravascular warming solutions find extensive application in preoperative care and this trend is projected to remain so over the forthcoming years, thanks to the rising awareness pertaining to the advantages of preoperative warming in surgical units. Similarly, intravascular cooling solutions are also projected to find significant application in preoperative care segment over the next few years.
Global Intravascular Temperature Management Market: Market Potential
The global intravascular temperature management market has been gaining considerable impetus from the increasing number of awareness initiatives by governments and private organizations. The noticeable rise in the uptake of intravascular warming and cooling solutions is also propelling the growth of this market significantly.
Over the coming years, the market is expected to benefit substantially from the geographical expansions of leading participants in this market. The launching of novel solutions on regular intervals is also projected to boost the growth of this market in the years to come.
Global Intravascular Temperature Management Market: Regional Outlook
The global market for intravascular temperature management reports its presence across North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America, among all, has surfaced as the leading contributor to this market, thanks to the presence of a state-of-art domestic healthcare infrastructure and established market players. With the investment on research and development of novel technologies in the field of medical and healthcare and the emergence of the U.S. as the key domestic market for intravascular temperature management solutions, North America is projected to retain its leading position over the next few years. Among other regional markets, Europe and Asia Pacific are likely to register a significant rise in the years to come.
Global Intravascular Temperature Management Market: Competitive Analysis
The global market for intravascular temperature management demonstrates a moderately fragmented market with a significant number of participants. Zoll Medical Corp., Smiths Medical, Stryker Corp., 3M Co., Medtronic PLC, Becton, Dickinson and Co., The Surgical Co. Group, Gentherm Corp., Belmont Instrument Corp., and Biegler GmbH are some of the leading players in this market. These companies are currently focusing on technological advancements to hold their footings in this market. However, their focus is likely to shift towards strategic partnerships in the near future, in a bid to expand their reach.
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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