Therapeutic hypothermia, also known as targeted temperature management or protective hypothermia, is reduction of body temperature, from 32 °C to 34 °C for faster recovery. Therapeutic hypothermia is crucial in the treatment of cardiovascular conditions cardiac arrests and myocardial infarction. Therapeutic hypothermia improves neurological functioning after resuscitation from cardiac arrest. This stabilizes calcium and glutamate levels in the brain cells leading to reduction in cell death. Hence, reduction of body temperature during a surgery is said to increase chances of survival in patients. 

The global therapeutic hypothermia systems market is anticipated to expand at a significant growth rate in the next few years. Rise in prevalence of cardiovascular diseases is one of the major factors fueling the growth of the global therapeutic hypothermia systems market. According to the American Heart Association, cardiovascular disease account for 2,200 deaths in the U.S. each day. This is likely to drive the global therapeutic hypothermia systems market during the forecast period. Rise in surgeries, prevalence of unhealthy lifestyle, increasing prevalence of neurological conditions, and growing geriatric population are the factors boosting the growth of the global therapeutic hypothermia systems market. Technological advancements leading to higher penetration of devices in many regions are propelling the growth of the global market during the forecast period. Unfavorable regulatory reforms in the U.S., stringent regulatory policies, and high price of the systems are factors expected to restrain the global therapeutic hypothermia market from 2017 to 2025. 

The global therapeutic hypothermia systems market can be segmented based on technique, device type, application, end-user, and region. In terms of technique, the market can be categorized into non-invasive and invasive. Based on device type, the global therapeutic hypothermia systems market can be segmented into cooling catheters, water blankets, cool caps, and others. In terms of application, the market can segmented into neurology, cardiology, neonatal care, orthopedics, and others. The cardiology segment is projected to account for the largest market share owing to high prevalence of cardiovascular conditions. Based on end-user, the global market can be categorized into hospitals, emergency units, ambulatory surgical centers, and others. The hospitals segment is expected to account for the largest share in terms of revenue due to growing preference of patients for hospitals than other healthcare providers’ world over. 

Geographically, the global therapeutic hypothermia systems market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to dominate the global therapeutic hypothermia systems market in terms of both revenue and volume. Higher penetration rate, increase in health care expenditure, developed health care infrastructure, and prevalence of unhealthy lifestyle are the major factors likely to drive the therapeutic hypothermia systems market in the region during the forecast period. Asia Pacific is expected to be the fastest growing market for therapeutic hypothermia systems during the forecast period due to factors such as developing health care infrastructure, government initiatives, prevalence of unhealthy lifestyle, and technological advancements. 

Key players in the global therapeutic hypothermia systems market are MTRE Advanced Technologies Ltd., EMCOOLS Medical Cooling Systems GmbH, Koninklijke Philips N.V., and C. R. Bard, Inc., among others.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
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  • 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
  • Europe
  • 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 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?

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10. What will be the barrier to entry for new players in the market?

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Therapeutic Hypothermia Systems Market

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