Global Patient Warming Devices Market: Snapshot
Hypothermia is a major cause of death in severely wounded patients. Rewarming is a major challenge, particularly for those who need operative or angiographic intervention. Patient warming is more than providing relief to the patients. Patient warming devices help patients to tolerate the unintended loss of body heat by helping them achieve normal body temperature or normothermia, leading to faster recovery. Patient warming devices are primarily used in health care settings by physicians and nursing staff for better care of the patients during surgeries and patient transfer, severely injured or diseased patients, anesthesia treated patients, and in acute care settings.
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The increase in the number of surgical procedures, rise in the prevalence of cardiovascular and oncology conditions, growing geriatric population and various other factors has facilitated the growth of the market. Additionally, the introduction of technologically advanced products and increasing the awareness can create large number of opportunities for rapid growth of the market.
The global patient warming devices market is expected to reach US$2.78 bn by the end of 2024. The market was valued at US$1.73 bn in 2015. If these figures hold true, the global market will exhibit a CAGR of 5.3% between 2016 and 2024.
Use of Patient Warming Devices to Remain High in Perioperative Care
The market consists of various types of products such as surface warming systems, intravascular warming systems and patient warming accessories. Of these, surface warming systems accounted for 76% of the overall market in 2015, thus emerging as the leading segment. Through the course of the forecast period, the segment is expected to retain its dominance as surface warming systems are safe, efficient, simple to use, and come at low cost. However, the intravascular warming systems segment is expected to report a higher CAGR during the course of the forecast period. The growth witness in the segment is ascribable to the rising incidence of cardiovascular ailments, traumatic brain injury, and stroke.
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Major patient warming device applications comprise four segments: Acute care, perioperative care, new born care, and others. Among major application segments for patient warming devices, acute care applications are gaining intense popularity and there have been increasing demand from acute care centers located world over. The perioperative care segment held the largest share in the global market in 2015. It is also expected to remain the dominant application segment through the forecast period. The rising incidence of severe illnesses and disorders that lead to the requirement of surgical intervention is often accompanied by hypothermia. Therefore, perioperative care segment would increasingly contribute towards the global patient warming devices market during the forecast period.
North America Emerges as Largest Regional Market for Patient Warming Devices
Geographically, the patient warming devices market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of 45.7% in the global patient warming devices market in 2015, followed by Europe and Asia Pacific respectively. The factors such as technological advancement, growing number of surgeries, well-established health care infrastructure as well as high awareness levels are responsible for the largest share of the North America patient warming devices market.
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In addition, large geriatric population in the developed economies of North America, Europe is likely to support further growth of this market in these regions. Asia Pacific is anticipated to witness the fastest CAGR during the forecast period due to high prevalence cardiovascular and other severe illnesses/disorders, increase in the number of surgical procedures in several emerging economies, rise in geriatric population in few countries such as Japan and South Korea, and growing investments by market players.
The key players operating in the global patient warming devices market are 3M Health Care, ZOLL Medical Corporation, C. R. Bard, Inc., Smiths Medical, Stryker Corporation, Medtronic plc, GE Healthcare, Inspiration Healthcare (INDITHERM), and Philips Healthcare among others. The key market players are actively involved in constant innovations and developments related to technology and application to cater the multi-dimensional needs of the end-users for maintaining their position in the global market.
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Patient Warming Devices Market to Gain Impetus from Rising Incidences of Chronic Diseases
The growing prevalence of oncology and cardiovascular disorders are expected to aid in expansion of the global patient warming devices market growth. Rewarming is a significant test, especially for the individuals who need employable or angiographic intercession. Patient warming is more than giving alleviation to the patients. Patient warming devices assist patients with enduring the unintended loss of body heat by assisting them with accomplishing ordinary internal heat level or normothermia, prompting quicker recuperation. Patient warming devices are essentially utilized in medical care settings by doctors and nursing staff for better consideration of the patients during medical procedures and patient exchange, seriously harmed or infected patients, sedation treated patients, and in intense consideration settings.
A significant factor which is relied upon to fuel the interest for patient warming devices is the increasing pace of untimely births just as the developing number of children. An increment in the quantity of geriatric populace who are more defenseless against different ongoing problems will likewise be a factor which is answerable for the development of this market. An expanding frequency of musculoskeletal problems by virtue of inactive way of life and extended periods spent in workplaces will likewise establish a positive climate for the development of this market.
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The increment in the quantity of surgeries, ascend in the commonness of cardiovascular and oncology conditions, developing geriatric populace and different variables has encouraged the development of the market. Moreover, the presentation of innovatively progressed items and expanding the mindfulness can set out huge number of open doors for fast development of the market.
The expanded frequency of cardiovascular and malignant growth sicknesses has roused the solid interest for warming and refrigerating gear. In cases of disease, a fall in internal heat level prompts the malignant growth cells duplicating in the body of the patient. Patient warming frameworks and radiation treatment and chemotherapy are utilized to battle this issue. Besides, an expanded rate of cardiovascular failures and strokes is additionally seen as a significant driver for market development. In these cases, the body ought to be similarly cooler to raise the endurance rate and permit an ordinary working of the cerebrum. In the light of new temperature control innovations, for example, ground cushions, covers and head covers, mechanical advances have likewise expected to support market interest.
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