LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global patient temperature management systems market to grow at a CAGR close to 7% during the period 2018-2022, according to their latest report.
This market research report segments the global patient temperature management systems market into the following products (patient warming devices and patient cooling devices), applications (perioperative care, neonatal care, and acute care), end-users (ASCs, hospitals and clinics, and physician's offices), and key regions (the Americas, APAC, and EMEA).
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In this report, Technavio analysts highlight the increasing number of surgical procedures as a key factor contributing to the growth of the global patient temperature management systems market:
Increasing number of surgical procedures
There has been an increase in the number of chronic diseases due to a sedentary lifestyle, environmental pollution, stress, excessive consumption of alcohol and tobacco, and unhealthy diets. Some of the common chronic diseases across the world are hypertension, CVDs, cancer, and orthopedic deformities. In 2017, in countries such as the US, around 28.6 million people visited hospitals and ASCs, and 53% of all surgical procedures were performed in hospitals and 47% were performed in ASCs. The most common procedures include orthopedic surgeries such as fracture fixation, knee replacement surgeries, knee arthroscopy, ophthalmology surgeries, nervous system surgeries, and excisions or destructions of tumors.
According to a senior analyst at Technavio for orthopedics and medical devices, “Hyperthermia is used to treat cancer as it can make some cancer cells more sensitive to radiation and can destroy cancer cells that radiation therapy cannot. In these conditions, patient temperature management systems are used. For example, heated anticancer drugs are administered by fluid warming systems through the peritoneal cavity to treat cancers of the stomach, liver, and intestines. In case of metastatic cancer, whole body hyperthermia is provided using patient warming systems. Hence, the increasing prevalence of such diseases will drive the growth of the market.”
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Global patient temperature management systems market segmentation
Of the two major products, the patient warming devices segment held the largest market share in 2017, accounting for nearly 72% of the market. The market share for this product is expected to increase nearly 2% by 2022.
The Americas was the leading region for the global patient temperature management systems market in 2017, accounting for a market share of 46%. By 2022, APAC is expected to witness the highest growth of nearly 1%.
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