Patient Temperature Management Market Growth Driven by Portable Devices

DALLAS, February 22, 2015 /PRNewswire/ --

Global Patient Temperature Management Market 2015-2019 research report featuring companies like 3M Healthcare, C. R. Bard Inc., Smiths Medical, Stryker Corp. and ZOLL Medical Corp. is now available with LifeScienceIndustryResearch.com.

The Global Patient Temperature Management Market 2015-2019 research report forecasts the industry to grow at 7.46% CAGR during a 5 year period of 2014 to 2019. One key trend upcoming in this market is the rise in mergers and acquisitions. M&A is expected to lead to an increase in the global presence of the vendors and help them achieve high economies of scale. These acquisitions result in wide product portfolios and, thus, have a positive effect on the growth of the market. Complete research is available at http://www.lifescienceindustryresearch.com/global-patient-temperature-management-market-2015-2019.html .

Key market players are developing product lines that are portable, space-saving, and lightweight. Such compact and portable devices can be moved with the patient, from room to room if needed, throughout the entire surgical process. Vendors offer not only clinically effective devices but also cost-effective ones that fit within the budgetary constraints of even small-sized hospitals.

To define the patient temperature management market conditions in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 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.

The global patient temperature management market can be segmented into two: Warming Devices and Cooling Devices. This report covers the present scenario and the growth prospects of the industry for the period 2015-2019. It 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.

Companies mentioned in this research include 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 and Welkins. Order a copy of this report at http://www.lifescienceindustryresearch.com/purchase?rname=35058 .

The global temperature management market is estimated to grow at a CAGR of 2.4% from 2014 to 2019. Although mature markets such as the U.S., Germany, and U.K. hold larger shares in the temperature management market in 2014, the Asia-Pacific region is poised to grow at the highest CAGR of 3.4% in the next five years. Factors such as increasing government initiatives for modernization of healthcare infrastructure, growing number of hospitals and surgical centers, and rising focus of international and domestic players in the Asia-Pacific region are propelling growth in this market.

Growth of the temperature management market is driven by factors such as rapidly aging population, increasing focus on the development of technologically advanced intravascular systems, rise in product approvals and new product launches, and geographical expansions of market players across the globe. However, factors such as unfavorable healthcare reforms in the U.S., product recalls, and high cost of temperature management systems are restraining the growth of this market. Moreover, emerging economies such as China, India, Brazil, and Mexico and contracts and agreements with the patient warming and cooling devices manufacturers and distributors are creating opportunities for growth of the temperature management market.  

The global temperature management market is highly competitive, with a large number of global and local players. As of 2013, the global temperature management market was dominated by 3M Company (U.S.), Covidien plc (Ireland), Smiths Group plc (U.S.), Stryker Corporation (U.S.), C.R. Bard, Inc. (U.S.), and ZOLL Medical Corporation (U.S.) which together accounted for ~80% of the market. Agreements, partnerships, and joint ventures; new product launches; geographical expansions; and strategic acquisitions are major strategies adopted by the market players to achieve growth in the temperature management market. Read more at http://www.lifescienceindustryresearch.com/temperature-management-market-by-product-surface-intravascular-systems-warming-cooling-application-acute-perioperative-care-delivery-suite-by-end-user-surgeon-anesthesiologist-nursi.html .

Explore more reports on medical devices market at http://www.lifescienceindustryresearch.com/category/medical-devices .

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