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Global Market For Patient Warming Devices To Register 5.20% CAGR Between 2015 And 2020

|Includes: Meridian Resource Corp. (TMR)

Transparency Market Research has recently announced the publication of a new market research study made available on the company website. The research study, titled "Patient Warming Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2015 - 2023," provides a detailed analysis of the market, including an overview, product portfolio, key geographical segments, and competitive landscape. The market drivers, barriers, and present trends of the market have also been discussed in the research report.According to the research study, in 2014, the global patient warming devices market was worth US$1.6 bn and is estimated to reach a value of US$2.6 bn by the end of 2023. The market is projected to register a 5.20% CAGR between 2015 and 2023.

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Hypothermia is considered as one of the major causes of death in patients who are severely wounded. In this condition, rewarming is a crucial challenge, especially for those who need angiographic or operative intervention. Patient warming devices benefit patients extensively and help them in tolerating the unintended loss of heat in the body by aiding them in achieving normal body temperatures, resulting in faster recovery. The increasing availability of technologically advanced devices and increasing awareness regarding the use of these devices are some of the factors that are estimated to drive the global market in the near future.

By product type, the global market for patient warming devices has been categorized into intravascular warming systems, surface warming systems, and patient warming accessories. In 2014, surface warming systems dominated the market, accounting for a 75% share in the overall patient warming devices market. However, the intravascular warming system segment is estimated to witness rapid growth in the next few years.

By application, the global market for patient warming devices has been classified into perioperative care, newborn care, acute care, and others. In 2014, the perioperative care segment dominated the overall market, accounting for a 40% share in the global market. This segment is projected to remain in its leading position in the forecast period. On the other hand, the acute care segment is gaining traction due to the high demand for acute care centers across the globe.

By geography, the global market for patient warming devices has been divided into Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. In 2014, North America held the largest share in the overall market owing to the increasing number of surgeries, technological advancements, high awareness levels, and well-established health care infrastructure in the region. North America is followed by Europe and Asia Pacific. The increasing geriatric population in developed countries in Europe is projected to fuel the growth of the market throughout the forecast period. Furthermore, the Asia Pacific market is estimated to grow rapidly owing to the increasing prevalence of cardiovascular and other disorders.

Furthermore, the research study talks about the competitive landscape of the global market for patient warming devices. Detailed profiles of the major players have been discussed in the scope of the research study. Some of the prominent players operating in the market are ZOLL Medical Corporation, Covidien plc, Smiths Medical, C. R. Bard, Inc., Philips Healthcare, Stryker Corporation, Inspiration Healthcare, 3M Health Care, and GE Healthcare.

Full Research Report on Global Patient Warming Devices Market: