About Intravascular Temperature Management
Temperature is one among the four main vital signs, and temperature management has long been recognized as vital to life. The main medical societies acclaim temperature management because the standard of care therapy for several critically ill or surgical patients. Temperature management is being used extensively and frequently as a tool to prevent neurological damage after cardiac arrest. In United States nearly 383,000 out-of-hospital cardiac arrests annually. Intravascular temperature management systems are proven to be the simplest available option and are being employed successfully to realize target core blood heat within the recommended narrow home in TH.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Intravascular Temperature Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ZOLL Medical Corporation (United States), Philips Healthcare (Netherlands), 3M (United States), Smiths (United Kingdom), The 37Company (Netherlands), Belmont Instrument (United States), Biegler (Austria), BD Company (United States), Asahi Kasei Corporation (Japan), VYAIRE MEDICAL INC. (United States) and Barkey (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Geratherm Medical AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Intravascular Temperature Management market by Type (Endovascular Cooling and Femoral Catheters), Application (Preoperative Care, Operative Care and Post-Operative Care) and Region.
On the basis of geography, the market of Intravascular Temperature Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Medical Conditions, the sub-segment i.e. Cardiac Arrest will boost the Intravascular Temperature Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Surgical Centers will boost the Intravascular Temperature Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in the Intravascular Devices
Market Growth Drivers:
Increasing Awareness Regarding the Benefits of Temperature Management in Surgical Settings and High Incidence of Cardiac Arrests and Neurological Disorders
Challenges:
High Cost of Certain Intravascular Temperature Management Devices
Restraints:
Stringent Regulatory Approval Processes
Opportunities:
An Increasing Number of Surgical Centers
Market Leaders and their expansionary development strategies
In July 2023, Asahi-kasei Corporation (Japan) signed an agreement with BrainCool, a medical device company specializing in temperature management solutions, for the exclusive distribution of the BrainCool System/IQool System and the IQool System Pads in the US and key markets in Europe. The companies are working toward expanding distribution to select markets in Asia.
In June 2023, Dragerwerk AG & Co. KGAA has launched the FDA-cleared Babyroo TN300, a new open warmer that offers supportive lung protection and temperature stability from the moment of birth through discharge.
Key Target Audience
Intravascular Temperature Management System Manufacturers, Intravascular Temperature Management System Suppliers, Healthcare Industry, Regulatory Bodies, Governmental Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.