According to Data Bridge Market Research new Market report, global intravascular temperature management market accounted to USD 236.5 million in 2018 growing at a CAGR of 3.9% during the forecast period of 2019 to 2026.
Global Intravascular Temperature Management Market
Intravascular temperature management is a procedure of warming or cooling the temperature according to the patient’s requirement. A catheter is inserted to the venous system, attaching it to regulate the blood temperature. This technique is useful for an efficient and speedy manner of application, reaching the essential body temperature faster than surface temperature management techniques would.
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Segmentation: Global Intravascular Temperature Management Market
Global intravascular temperature management market is segmented on the basis of type, application, medical condition and geography.
By Type (Intravascular Cooling, Intravascular Warming), Application ( Pre-Operative Care, Operative Care, Post-Operative Care, Perioperative Care, Acute/Critical Care), Medical Condition (Cardiac Arrest, TBI, Stroke, Myocardial Infection, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN INTRAVASCULAR TEMPERATURE MANAGEMENT MARKET
Rising healthcare expenditure over the world:
According to Canadian Institute for Health Information, in 2018, the total health expenditure is anticipated to reach USD 253.5 billion. It is estimated that overall health expenditure will represent 11.3 percent of Canada’s GDP. In 2018, the total health spending is expected to reach USD 6,839 per Canadian whereas it was USD 6,630 per Canadian in 2017. Thus, rising healthcare expenditure will have a positive impact on intravascular temperature management market.
Key Market Competitors:
Few of the major competitors currently working in intravascular temperature management market are Asahi Kasei Corporation, 3M, Belmont Instrument Corporation, Geratherm, Biegler GmbH, Smiths Group plc, The Surgical Company Group, Stihler Electronic GmbH, VYAIRE, Barkey, EMIT CORPORATION, Keewell Medical Technology Co. Ltd., BD., Stryker, Inspiration Healthcare Group plc, Estill Medical Technologies Inc., The 37Company, Koninklijke Philips N.V. and Medtronic.
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