Hypothermia can be defined as a drop in body temperature, below 35 °C. Hypothermia can be caused due to accidental exposure, medical conditions, or could be on purpose as a part of therapy i.e., induced hypothermia. Induced hypothermia is used for neurological protection during vascular surgeries, but a patient cannot deviate from normal body temperature for a longer time without risks. Therefore, rewarming of patients is crucial. Intravascular warming systems are used to maintain normothermia i.e., normal body temperature which can lead to faster recovery
The global intravascular warming systems market is projected to experience strong growth during the forecast period. Surge in number of surgical procedures, high prevalence of neurological and cardiovascular conditions, and increase in geriatric population are the factors driving the global intravascular warming systems market. According to the American Heart Association, cardiovascular diseases affect the largest number of people than any other disease in the U.S. each day, which can impact the growth of the global market. High adoption rate of the intravascular warming systems in many countries due to its increased preference over other warming systems is one of the key factors fueling the growth of the global market. Intravascular systems are more preferred over other warming systems due to its rapid rewarming capacity if target temperature is exceeded. Furthermore, prevalence of unhealthy lifestyle and introduction of products that are technologically advanced such as portable devices are likely to boost the growth of the global intravascular warming systems market during the forecast period. Strict regulatory policies in some of the developed countries and increase in pricing pressure are factors likely to restrain the global intravascular warming systems market.
The global intravascular warming systems market can be segmented based on product type, application, medical specialty, end-user, and region. In terms of product type, the global market can be segmented into insulated intravenous tubing, connective warming tubing, water bath warming system, heat block warming system, and others. Based on application, the global market can be divided into peri-operative care, acute care, and neonatal care. In terms of medical specialty, the global intravascular warming systems market can be categorized into cardiology, oncology, neurology, orthopedics, general surgery, and others. The cardiology segment is anticipated to be the fastest growing owing to high prevalence of cardiovascular conditions. Based on end-user, the global intravascular warming systems market can be segmented into emergency care, hospitals, ambulatory surgical centers, and others.
The global intravascular warming systems market is projected to expand at a significant growth rate. Geographically, the intravascular warming systems market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the global intravascular warming systems market. Growth of the market in North America is attributed to developed health care infrastructure, increased prevalence rate of unhealthy lifestyle, high adoption rate of intravascular systems, rise in health care expenditure, and high prevalence of cardiovascular diseases. The market in Asia Pacific is expected to witness strong growth due to factors such as new rise in disposable income and prevalence of unhealthy lifestyle.
Key players in the global intravascular warming systems market are 3M Company, ZOLL Medical Corporation, Stryker Corporation, Inspiration Healthcare Group plc, and Smiths Medical, among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.