Intravascular Warming Systems Market To Reach $1,198.5 Million By 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.

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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.

Intravascular Warming Systems Market Segmentation

Grand View Research has segmented the global intravascular warming systems market report based on application, end-use, and region:

Intravascular Warming Systems Application Outlook (Revenue, USD Million, 2018 - 2030)

• Acute care

• Perioperative care

Intravascular Warming Systems End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Operating Rooms

• ICUs

• Emergency Rooms

• Others

Intravascular Warming Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Intravascular Warming Systems Market

• ZOLL Medical Corporation

• BD (Becton, Dickinson and Company)

• Geratherm Medical AG

• Medtronic

• Stryker

• Estill Medical Technologies, Inc.

• Smiths Group plc

• Inspiration Healthcare Group plc

• 3M