(PharmaNewsWire.Com, August 21, 2019 ) The global intravascular temperature management market is projected to reach USD 272.3 million by 2022 from USD 228.4 million in 2017, at a CAGR of 3.6% during the forecast period. The major factors driving the growth of this market include the large number of awareness campaigns/conferences arranged by both public and private organizations, increasing adoption of patient warming and cooling systems in developing countries, and geographic expansions undertaken by key players in the global intravascular temperature management market.
Based on type, the intravascular temperature management market is segmented into two broad categories, namely, intravascular warming and intravascular cooling. Intravascular warming market is expected to account for the largest share of the global intravascular temperature management market in 2017. The increasing adoption of intravascular warming in surgical procedures is the key factor accounting for its larger market share. The intravascular cooling segment, on the other hand, is projected to grow at the highest rate during the forecast period. The increasing awareness regarding the use of intravascular cooling in cardiac arrest and stroke care protocol is a key driving factor of this market segment.
On the basis of application, the global intravascular warming market is classified into preoperative care, operative care units, and post-operative care units. In the intravascular warming market, the preoperative care segment is expected to witness the highest growth rate during the forecast period. This growth is attributed to the increasing awareness regarding the benefits of preoperative warming in surgical settings.
Similarly, the intravascular cooling market is classified into perioperative care and acute/critical care, by application. The acute/critical care segment is further divided into intensive care units, neurological care units, emergency care units, coronary care units, cath labs, and burn care centers. In the intravascular cooling market as well, the perioperative care segment is expected to grow at the highest CAGR. The development of technologically advanced systems is one of the factors driving market growth in the perioperative segment.
Based on medical condition, the global intravascular cooling market is classified into cardiac arrest, traumatic brain injury (TBI), stroke (bleeding & thrombosis), myocardial infarction, fever/infection and other medical conditions. The TBI segment is expected to grow at the highest rate during the forecast period. The adoption of intravascular cooling techniques as a preventive measure to reduce intracranial pressure (ICP) is rising in TBI treatment; this has increased the adoption of intravascular cooling technology in neurocritical care units.
Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The North American market is expected to dominate market during the forecast period. Factors such as the increasing number of surgical centers, high incidence of cardiac arrests and neurological disorders, and the high adoption rate of technologically advanced devices in North American countries are driving the growth of intravascular temperature management market in this regional segment.
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