Intravascular Warming Systems Industry is Driven by a Rise in Surgical Procedures Performed Globally at 2017

The global intravascular warming systems market is touted to gain good returns by 2022, by expanding at a decent CAGR over the forecast period (2012 to 2022). It is driven by a rise in surgical procedures performed globally. According to a report by World Health Organization (WHO), more than 300 million surgeries were performed in 2012. This trend is anticipated to drive sales of intravascular warming systems for pre-, intra-, and post-operative purposes.

Intravascular warming systems are essential in preventing hypothermia in patients during perioperative surgery. Hypothermia may lead to dysrhythmias, myocardial ischemia, and coagulopathy. Latest models are portable and lightweight in nature. In addition, they can sense body temperature and adjust cooling temperature accordingly. Innovations in the field are focused on manufacturing products that regulate normal blood flow.

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For instance, Design that Matters (DtM), a non-profit organization, recently launched the Otter, a low-cost warming system for babies. This device could be a viable stand-in for expensive incubators. Annually,it could prevent 4 million children from dying as a result of inefficient temperature management systems. Although still in a testing stage, its success could be a potential market disruptor. Inspiration Healthcare Group plc, a U.K.-based manufacturer, has launched a reusable patient warming system that keeps patient temperatures at 36° C. Another instance of innovation in the industry is the “HotDog Patient Warming System”, which consists of Thermasure, a patented heating technology that heats the entire surface of the blanket.

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The worldwide intravascular warming systems market is segmented by product, end user, and region. By product, the market is divided into surface, external, and other warming systems. Surface warming systems are expected to display a respectable CAGR during the forecast period due to theircost-effective and user-friendly nature. Major applications of the aforementioned products are neonatal care, acute care, and perioperative care.

Key market end users include emergency rooms, ICUs, and others. The emergency rooms segment is expected to grow rapidly due to rise in trauma and accident patients requiring critical care. Within the otherssegment, operating rooms are projected to dominate during the forecast period. This can be attributed to growing utilization of warming systems in pre-, intra-, and post-operative care in cancer and treatment of other maladies.

By regional segmentation, the market is fragmented into Japan, India, China, Southeast Asia, Europe, and North America. North America reigned over the global market in 2015 as it possesses sophisticated healthcare infrastructure and is plagued by a high number of hypothermia and cold-weather related cases. India and China markets are estimated to showcase significant growth rates due to high cases of accidents.

Major market players include Inspiration Healthcare Home, Becton, Dickinson and Company (BD), Stryker Corporation, The 37Company, and Medtronic Public Limited Company. Companies are focused on launching new products to gain a larger share inthe market. Mergers andacquisitions, collaborations, and regional expansions are business expansion strategies undertaken by these companies to sustain market hold. For instance, BD acquired CareFusion Corp. to expand its product portfolio in 2015.

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