Intravascular Warming Systems Market Size, Share & Trends Analysis Report By Application (Acute Care, Perioperative Care), By End-use (Operating Rooms, ICUs, Emergency Rooms), By Region, And Segment Forecasts, 2023 - 2030
Intravascular Warming Systems Market Growth & Trends
The global intravascular warming systems market size is expected to reach a value of USD 1,198.5 million by 2030, registering at a CAGR of 10.1%, according to a new report by Grand View Research, Inc. An increasing number of surgical procedures is the most significant factor projected to boost the growth of the market during the forecast period. According to the WHO, around 266.2 to 359.5 million surgeries were performed globally in 2012 and this number is expected to increase in the near future. This in turn results in the need for intravascular warming products pre-, intra-, and postoperatively.
Rising adoption of technologically advanced medical devices by operating rooms, ICUs, and emergency rooms is another major factor contributing to the growth of the market. The manufacturers are focusing on developing better in-line intravascular warming systems, which facilitate the rapid flow of normothermic blood and intravenous fluids. The portability feature of these products also facilitates convenient usage during trauma or while transporting a patient to the hospital. Thus, the popularity of these devices is growing at a rapid pace, which is expected to propel the growth of the market.
Intravascular Warming Systems Market Report Highlights
Perioperative care was the largest revenue-generating segment in 2022 in the intravascular warming systems market. This is due to the rising adoption of technologically advanced medical devices in operating rooms and ICUs
The acute care segment is expected to grow at the highest rate during the forecast period, owing to increasing adoption of intravascular warming systems for the treatment of accident and trauma patients
In 2022, operating rooms segment held the largest revenue share in this market, owing to the increasing number of surgical procedures worldwide
The emergency rooms segment is expected to grow at a high pace during the study period, due to the escalating number of patients requiring emergency medical care
North America held the largest share in the year 2022. The factors that can be attributed to such growth include well-developed healthcare infrastructure and high incidence of hypothermia & related death rates in countries like the U.S.
Asia Pacific is expected to expand at the fastest CAGR owing to the rising number of surgical procedures due to a large number of road accident cases in India and China.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. End use
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. End use outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Intravascular Warming Systems Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. Intravascular Warming Systems Market Analysis Tools