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Patient Temperature Management Market 2022 – Analysis, Market Overview, Growth Factors, Demand, Revenue and Application and Industry Forecast to 2031

Kenneth Research added a report on Patient Temperature Management Market market into the repository of market research reports. The report includes in-depth analysis on the growth drivers, expansion opportunities, restraints and challenges and the recent trends in the market. The market is anticipated to grow at a CAGR of XX.X% during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Patient Temperature Management Market products.

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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

Patient Temperature Management Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on Patient Temperature Management Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 and 2027. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

Kenneth Research recently added a report on Patient Temperature Management Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on Patient Temperature Management Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 and 2027. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

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.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

The market is segmented by cooling systems, by components, by application, by end-user and by region. 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, the 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 USD 335.15 million by 2027. The growth can be attributed to rising incidences of heart disorders such as stroke, myocardial infarction and cardiac arrest among others.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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 the Asia Pacific with a CAGR of 7.34% during the forecast period. The market in the Asia Pacific is led by China with a market value of USD 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.

Some of the leading key players in the patient temperature management market for cooling systems are Becton, Dickinson and Company, Stryker, ZOLL Medical Corporation, QuickCool AB, GENTHERM, Attune Medical, Hirtz & Co. KG and BrainCool.

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Table of Content:

  • Executive Summary
  • Research Methodology
  • Global Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Global Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

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