According to a new report published by
Transparency Market Research (TMR), the vendor landscape of the global
patient warming devices is extremely competitive. Companies within the
market are striving to add new products to their portfolio by forming
strategic alliances with other companies. Companies are also extending
partnerships and collaborations with other companies in order to expand
their geographical reach. TMR recommends that players within the global
patient warming devices could benefit considerably if they were to focus
more on product differentiation. Leading players within the global
patient warming devices market are 3M Health Care, Inspiration
Healthcare (INDITHERM), C. R. Bard, Inc., ZOLL Medical Corporation,
Smiths Medical, Medtronic plc, Stryker Corporation, GE Healthcare, and
Philips Healthcare.
According to TMR, the global patient
warming devices market will be worth US$2.78 bn by the end of 2024. On
the basis of geography, North America is expected to continue to lead in
the market, followed by Europe. However, it is Asia Pacific which is
estimated to exhibit the fastest CAGR during the forecast period. By
product, it is expected that surface warming system will witness high
demand. On the basis of application, acute care is gaining immense
traction while the perioperative care segment is leading. As there is a
rise in the incidence of illnesses and disorders which require surgical
intervention that is often accompanied by hypothermia, it is anticipated
that the perioperative care segment will witness a high-growth in the
patient warming devices market.
global patient warming devices
marketIncreasing Number of Patients Undergoing Surgical Procedures
Creating a Heightened Demand for Patient Warming Devices
According to the lead author of this
report, “the rising need for managing body temperature of patients who
undergo surgical procedures which involves the use of anaesthesia is
behind for patient warming devices.” As patients after a surgery
experience a drastic drop in their body temperature on account of the
use of anaesthesia, there is a requirement for patient warming devices.
Also, the rise in the incidences of chronic diseases will favour the
growth of the global patient warming devices market. In addition to
this, the rising prevalence of cardiovascular conditions as well as
oncological conditions will drive the demand for these devices for the
as the usually leads to surgical interventions.
Rising Incidences of Premature Births to Bolster Growth
Another important factor which is
expected to fuel the demand for patient warming devices is the rising
rate of premature births as well as the growing number of neonates. An
increase in the number of geriatric population who are more vulnerable
to various chronic disorders will also be a factor which is responsible
for the growth of this market. An increasing incidence of
musculoskeletal disorders on account of sedentary lifestyle and long
hours spent in offices will also create a favourable environment for the
growth of this market, said a TMR analyst.
Side Effects Associated with Use of Patient Warming Devices to Discourage Use
The report not only discusses the various
factors boosting the growth of this market but also discusses the
various factors which are expected to act as challenge. The
implementation of patient warming devices can pose risk of serious side
effects invasive nature. This is expected to discourage their use to
some extent. The high excise duties imposed on patient warming devices
will also pose a challenge.
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