Intravascular temperature management is a medical treatment that involves employing specialized devices to reach and maintain a particular temperature inside a patient's body for a predetermined amount of time. In addition to various therapeutic settings, it is frequently employed during surgical procedures, hyperthermia therapies, and hypothermia treatments.

In 2021, the market for intravascular temperature management was USD 279.23 million, and by 2030 it will be worth USD 402.43 million, growing at a 4.14% CAGR during the forecast period. 

The need for devices that enable temperature control of a patient's body during procedures or treatment is driving the global intravascular temperature management market. Catheters coupled to equipment that controls blood temperature are used in intravascular temperature management systems, which enable the management of a certain temperature appropriate for therapy. The patient's body can also be infused with a hot or cold saline solution using this technique.

Market Dynamics

Drivers

The increased number of awareness-raising initiatives by governments and commercial associations has resulted in an impressive rate of growth for the global intravascular temperature management market. A discernible rise in the use of intravascular warming and cooling systems is also driving the expansion of this market as a whole.

The growing number of awareness activities by governments and commercial organizations has significantly boosted the global intravascular temperature management market. The market for intravascular warming and cooling solutions is expanding rapidly due to the apparent increase in consumer demand.

Restraints

The market's expansion will be limited due to the expensive procedures and substantial initial investment needed for setting up these systems. Additionally, during the projection period, the market expansion will be hindered by cost restrictions related to the team of professionals needed to manage these systems, particularly the shortage of skilled staff in underdeveloped and developing regions.

Opportunity 

Worldwide, governments are focusing solely on the rapid advances in the technology of these devices by investing a significant money, which will provide enormous opportunities for the market's prosperity in the future. 

Market Segmentation

Type Insights

In terms of type, the market for intravascular temperature management is segmented into intravascular warming catheters and intravascular cooling catheters. 

In 2020, the intravascular warming catheter segment was the market leader, with the largest revenue share of 63.22%. Critically sick patients' temperatures are maintained at normal levels by intravascular warming. Induced hypothermia is a type of intravascular warming that has become extremely popular globally because it is a practical method for protecting the nervous system during major vascular procedures or when crucial neurological surgeries are required. This boosts the market's overall expansion.

Product Insights

On the basis of the product, the intravascular temperature management market is segmented into systems and consumables. 

In 2020, the Consumables segment held the largest market share of nearly 76.15%. The global market growth is driven by rising awareness of the growing consumption of consumables and rapidly growing demand.

Indication Insights

On the basis of indication, the intravascular temperature management market is segmented into stroke, cardiac arrest, fever, acute myocardial infarction, TBI, and others. 

The cardiac arrest segment was the biggest market, with a share of nearly 67.23% in 2020. The most frequent cause of cardiac arrest patient mortality (OHCA) has been identified as severe traumatic brain injury following CPR (cardiopulmonary resuscitation). The demand for intravascular temperature devices is increasing, leading to significant growth in the overall market.

Application Insights

In terms of application, the intravascular temperature management market is segmented into operative care, acute/critical care, preoperative care, and post-operative care.

In 2020, the acute/critical care segment ruled the market with 42.17% of the revenue share. Acute/Critical care provides effective treatment for patients with severe or life-threatening conditions that demand constant monitoring, life support equipment, and medication for maintaining normal bodily functions. All of these factors are facilitating the general growth of this segment.

End-Use Insights

In terms of end-user, the intravascular temperature management market is segmented into emergency care units, surgical centers, ambulatory surgical centers, and others.

In 2020, the surgical center's segment significantly ruled the entire market. Most patients prefer to visit surgical centers for urgent temperature control to identify early cardiac arrest signs, which in turn is fueling this market segment's rapid expansion.

Regional overview

North America held a maximum position in the market, followed by Europe. The regional market is growing due to various factors, including a higher incidence of cardiac arrests and neurological illnesses, an increase in the number of surgical centers, and greater adoption of advanced technologies.

Key Players 

· Biegler

· Smiths Group Plc

· 3M Company

· The 37Company

· VYAIRE MEDICAL INC

· ZOLL Medical

· BD Company

· Belmont Instrument

· Stryker Corporation

· Stihler Electronic GmbH

· Geratherm Medical AG

· The Surgical Company BV

In 2021, the market for intravascular temperature management was USD 279.23 million, and by 2030 it will be worth USD 402.43 million, growing at a 4.14% CAGR during the forecast period. Numerous awareness programs and conferences organized by both public & commercial organizations and the growing use of heating and cooling systems in developing nations are the primary reasons driving the global intravascular temperature management market.

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