The report" Intravascular Temperature Management" Market by Type (Intravascular Cooling Catheters, and Intravascular Warming Catheters), Product (Consumables, and Systems), Indication (Acute myocardial infarction (AMI), Stroke, TBI, Cardiac Arrest, Fever/Infection, and Other), Application (Operative Care, Preoperative Care, Post-operative Care, and Acute/Critical Care), By End-User (Surgical Centers, Emergency Care Units, Ambulatory Surgical Centers, and Others) -Global Forecast to 2030. The GlobalIntravascular Temperature Management Market share was USD 268.13 Mn in 2020. It is predicted to reach USD 405.81Mn by 2030, representing a CAGR of 4.14 % throughout the forecasted period. Some of the most notable factors that are majorly driving the overall growth of the market worldwide are an increase in the number of CVDs (cardiovascular diseases), the number of surgical procedures, and a continuous rise in awareness for the usage of intravascular temperature devices.
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By Type, the ‘Intravascular Warming Catheters‘ segment held the highest share in 2020
Based on Type, the Intravascular Temperature Management industry worldwide has been broadly bifurcated into Intravascular Cooling Catheters and Intravascular Warming Catheters. The “Intravascular Warming Catheters” segment held the maximum part of the share of nearly 63.22 % of the entire market in 2020. Intravascular warming keeps the temperature rates of critically ill patients normal. Induced hypothermia is a type of Intravascular Warming that has gained a lot of popularity worldwide as it is a cost-effective strategy for neurological protection during major vascular surgeries or for the situations where critical neurological surgeries are required to be performed, which in turn is propelling the overall growth of this segment.
By Product, the 'Consumables’ segment held the most significant share of the market in 2020
Based on Product, the Global Intravascular Temperature Management industry has been fragmented into Consumables and Systems. The “Consumables” segment comprehensively held the most amount of share of approximately 76.15% of the entire market in 2020. A continuous rise in awareness for the more and more usage of consumables, as well as their high rise in demand worldwide, is driving the overall market growth of this segment extensively.
By Indication, the Cardiac Arrest segment held the largest share of the market in 2020
Based on Indication, the Global Intravascular Temperature Management industry has been broadly segregated into Acute myocardial infarction (AMI), Stroke, TBI, Cardiac Arrest, Fever/Infection, and Other. Cardiac Arrest held the largest share of revenue at around 67.23%, along with a steady CAGR in 2020. CPR (cardiopulmonary resuscitation) followed by Severe Traumatic Brain Injury has been known to be the most common reason for mortality of cardiac (OHCA) patients. Hence, to detect the CPR symptoms accurately at an early stage, the demand for intravascular temperature devices is rising extensively, which in turn is fuelling the overall growth of this segment.
By Application, the “Acute/Critical Care” segment accounted for the maximum share of the market in 2020
Based on Application, the Global Intravascular Temperature Management industry has been broadly segregated into (Operative Care, Preoperative Care, Acute/Critical Care, and Post-operative Care. The “Acute/Critical Care” segment accounted for the largest share of the market, approximately 42.17% in 2020. Acute/Critical care adequately caters to patients with life-threatening or severe injuries &illnesses that require close supervision &constant care from the life support equipment & medication for ensuring the maintenance of normal body functions. All of these crucial factors are facilitating the overall growth of this segment. According to WHO, nearly around 5.8 crore people are dying per year across the globe because of cardiac arrests.
By End-User, the “Surgical Centers” segment held the maximum share of the market in 2020
Based on End-User, the Global Intravascular Temperature Management industry has been classified into Surgical Centers, Emergency Care Units, Ambulatory Surgical Centers, and Other. The “Surgical Centers,” the segment, held the largest market share in 2020. Most of the patients worldwide prefer to go to the Surgical Centers for immediate temperature management to detect the early cardiac arrest symptoms, which in turn is propelling the growth of this segment extensively.
Based on Region, “North America” held the maximum share of the market with a decent CAGR value throughout the stipulated time frame of 2020-2030, followed by Europe.
Factors such as the high incidences of cardiac arrests & neurological disorders, the continuously increasing number of surgical centers, & the higher adoption rate of the technologically advanced devices in North American countries are facilitating the overall growth of the market significantly in this region.
Some of the leading players of the Global Intravascular Temperature Management Market include Zoll Medical, 3M company, Belmont Instrument, Biegler, Smiths Group Plc, The 37Company, Geratherm Medical AG, Stihler Electronic GmbH, Stryker Corporation, VYAIRE MEDICAL INC, The Surgical Company BV, and BD company,
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