Global Patient Temperature Management Market 2015-2019
About Patient Temperature Management
Normally, core body temperature falls between 96.8 °F and 99.5 °F. Patient temperature management enables treatment to a patient by maintaining and achieving core body temperature (normothermia) to avoid hypothermia or hyperthermia. Hypothermia can cause discomfort, prolong healing time, and increase risks during surgeries, while hyperthermia affects the central nervous system. Therefore, hospitals and other healthcare centers adopt patient temperature management systems to control and monitor the core body temperature of a patient.
TechNavio's analysts forecast the Global Patient Temperature Management market to grow at a CAGR of 7.74 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Patient Temperature Management market for the period 2015-2019. The market can be segmented into two: Warming Devices and Cooling Devices.
TechNavio's report, the Global Patient Temperature Management Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Patient Temperature Management market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Patient Temperature Management Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Patient Temperature Management Market: 3M Healthcare, C. R. Bard , Smiths Medical, Stryker , ZOLL Medical , Augustine Temperature Management, Belmont Instrument, Charter Kontron, Cincinnati Sub-Zero (CSZ) Products, Ecolab , EMIT , Enthermics Medical Systems , GE Healthcare ,Geratherm Medical, Healthcare 21, Inditherm, Medtronic (Medtronic acquired Covidien), Mennen Medical Group, Moeck und Moeck, Pintler Medical, The 37Company, Welkins
Commenting on the report, an analyst from TechNavio’s team said: “,approximately 16.40 percent of the world's population is above 65 years. This percentage is expected to increase to 18.70 percent by 2020. The elderly are more susceptible to traumatic injuries, arthritis, soft tissue inflammation, cardiac problems, obesity-related problems, and other chronic diseases. This, in turn, increases the demand for age-related surgeries. Since patients under anesthesia cannot regulate their body temperature, they are at risk for inadvertent hypothermia-related complications.”
According to the report, The launch of a new product from the R&D stage to commercialization is a very expensive process. Vendors make huge investments in R&D to gain market shares. Rapid developments in technology may result in the success or failure of a product during the R&D process. In addition, the long R&D and approval process may result in product obsolescence.
Further, Leading vendors are opting for M&A to strengthen their global position and to increase their commercial capabilities. For instance, to achieve high economies of scale, Covidien and Medtronics entered into a partnership for US$42.90 billion in June 2014, ZOLL Medical acquired Philips InnerCool Temperature Management in November 2014, C.R. Bard acquired Medivance in 2011, Stryker acquired Gaymar Industries, and 3M Healthcare acquired Arizant Healthcare in 2010. These acquisitions result in wide product portfolios and, thus, have a positive effect on the growth of the market.
3M Healthcare, C. R. Bard , Smiths Medical, Stryker , ZOLL Medical , Augustine Temperature Management, Belmont Instrument, Charter Kontron, Cincinnati Sub-Zero (CSZ) Products, Ecolab , EMIT , Enthermics Medical Systems , GE Healthcare ,Geratherm Medical, Healthcare 21, Inditherm, Medtronic (Medtronic acquired Covidien), Mennen Medical Group, Moeck und Moeck, Pintler Medical, The 37Company, Welkins
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