The Patient temperature management systems bargain a number of medical advantages, such as decreasing the blood loss during surgery, decreasing the perils of neurological syndromes after cardiac arrest, and supporting with speedy post-surgery recovery. Because of such assistances, patients' hospital stay is decreased to the bare minimum, thereby decreasing the overall healthcare costs.
According to the report analysis, ‘Global patient temperature management devices market to reach USD 4.0 billion by 2027’ state that these are utilized to measure COVID-19 patients' body temperature since high body temperature is one of COVID-19's foremost symptoms. The effective augment in the number of surgical procedures are the propelling factor. The per capita usage of surgical services will remain continuous; we predict noteworthy increases (14-47%) in the amount of effort in all surgical fields.
The limiting factor of the market is the great cost of intravascular temperature management systems. Aggressive cooling costs per patient variety from USD 900 to 1,400, depending on the form of single-use components utilized, as opposed to USD 5-10 in surface cooling approaches. The number of firms proposing temperature management systems has increased across the globe. Major market players aim at reinforcing their product offerings, dissemination networks, and geographical existence through contracts and agreements with the other established and developing market players are the occasions.
Although, the worldwide patient temperature management devices market is worth nearly USD 2.6 billion during 2019 and is projected to increase with a healthy growth rate of more than 5.62% over the review period of 2020-2027. Moreover, the regional analysis of the globally patient temperature management devices market is measured for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Owing to the growing number of cardiac surgeries and augmented health care expenditure across the US, North America led the market. The region also has a favorable reimbursement consequence, thus propelling the temperature management systems to penetrate. The Asia Pacific is projected to show worthwhile growth over the forecast period owing to high growth opportunities to meet the unmet requirements of the region's target populace.
Not only has this, but the effective increase in the prevalence
of cardiovascular syndromes and cancer has also reinvigorated the high requirement for warming and cooling devices. In cancer cases, the drop in body temperature results in the exponentiation of cancer cells in the body. The patient warming systems are utilized along with radiation therapy and chemotherapy to counter this situation. In addition, the effective augment in the incidence of heart attack and stroke is also measured as a momentous growth driver. Throughout such instances, the body requires to be relatively cooler to augment the survival rate and allow normal brain functioning. The Technological improvements are also predicted to boost the requirement due to the overview of new temperature management systems, likewise surface pads, blankets, and head caps. Therefore, in the coming years, it is anticipated that the market of patient temperature management devices will increase around the globe more effectively over the forthcoming years.
For More Information on the Research Report, refer to the below links: -
Ankur Gupta, Head Marketing & Communications