Transparency

Patient Warming Devices Market Is Expected To Reach An Estimated Value Of US$2.59 Bn In 2023

Press Release   •   Jan 06, 2017 12:31 IST

A new study by Transparency Market Research (TMR) finds the vendor landscape of the global patient warming devices market to be highly fragmented. The market features the presence of a large number of players, with 3M Health Care, ZOLL Medical Corporation, and C. R. Bard, Inc. emerging as top companies. These companies collectively held around 36% of the global patient warming devices market in 2014.

The scenario is not likely to change much in the forthcoming years, as the market also expects the emergence of new players. Leading companies in the market are thus investing in product differentiation to pace up with the prevailing competition. This, however, will intensify the competition prevailing in the market further.

For Any Queries Get Solutions With A PDF Sample: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7877

Demand for Patient Warming Devices Rises as Surgical Procedures Conducted Globally Increase

“Demand for patient warming devices is expected to surge exponentially in the forthcoming years as the number of surgical procedures conducted globally increases,” said a lead TMR analyst. “Since surgeries involve anesthesia, which causes the body temperature to drop, the requirement of urgent temperature management is expected to remain high. Therefore, the sales of advanced patient warming devices is likely to increase around the world,” he added. Since emerging economies exhibit significant development in the healthcare infrastructure, TMR forecasts the demand for patient warming devices to considerably rise from these countries.

However, the U.S. will remain the world’s largest market for patient devices through the forecast period from 2015 to 2023. The rising prevalence of cardiovascular and oncological ailments witnessed in the country has catapulted the country at the forefront of the global patient warming devices market. Since surgeries become imperative at the advanced stages of these conditions, their increasing incidence is projected to considerably boost sales of patient warming devices.

Increasing Incidence of Premature Child Births Will Boost Demand for Patient Warming Devices

Furthermore, temperature management becomes indispensable in cases of premature child births. Premature babies or neonates often suffer from hypothermia that requires advanced patient warming systems for better neonatal care. TMR expects the number of premature birth to rise across developing economies. Therefore, demand for efficient temperature management systems is expected to rise across these countries, thus boosting patient warming devices sales.

Besides these factors, the demand for patient warming devices is also expected to surge in response to the increasing geriatric population. Aging is often associated with various chronic ailments and conditions that necessitates efficient temperature management.

Side Effects Associated with Patient Warming Devices Could Limit Sales

On the flip side, side effects associated with some of the commonly used patient warming devices limit their sales to an extent. For instance, despite the effectiveness of intravascular patient warming products, they are not accepted globally because of their invasive nature. Furthermore, reports of few side-effects associated with their use also adversely impacts the sales of patient warming devices.

Nevertheless, sales from the patient warming devices market is expected to increase with the advent of technologically advanced temperature management products. Since these products offer quicker and targeted relief to patients suffering from acute hypothermia, their demand is expected to rise significantly in the forthcoming years.

View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/patient-warming-devices-market.html

Regionally, North America accounted for the dominant share of 46% in the global patient warming devices market in 2014. Due to the technological advancements witnessed in the region, it is expected to continue leading the market through the forecast period.

As per TMR, the global patient warming devices market stood at US$1.6 bn in 2014. Rising at a CAGR of 5.2% from 2014 to 2023, the market is expected to reach US$2.58 bn by the end of 2023.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact us:

Transparency Market Research

90 State Street,

Suite 700,

Albany

NY - 12207

United States

Tel: +1-518-618-1030

USA - Canada Toll Free 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.