A medical device called an intravascular temperature management system, also known as an intravascular cooling or warming system, is used to control a patient's body temperature during various medical procedures, especially those that call for quick temperature control. In order to precisely control the patient's core body temperature, it needs the use of specialized catheters or devices that are put into the patient's blood arteries.

In 2021, the market for intravascular temperature management was USD 279.23 million, and by 2030 it will reach USD 402.42 million, growing at a 4.14% CAGR during the forecast period. 

The two key factors driving the global market for intravascular temperature management systems are the increased prevalence of cardiovascular disease and the variety of surgical operations. The number of surgical treatments, including cardiovascular surgeries, cesarean sections, and plastic surgery, has considerably increased. The increase in cardiovascular disorders, development in aesthetic awareness, and obstetricians' use of defensive medicine are all contributing factors to this expansion.

Market Dynamics

Drivers 

· A major element boosting market expansion is the ongoing increase in the prevalence of cardiovascular illnesses. According to the WHO, cardiovascular diseases (CVDs) account for a 17.9 million annual mortality rate, making them one of the world's top causes of death. 

· Furthermore, the growth of the intravascular temperature management market is influenced by the expansion in the total number of surgical procedures and rising awareness of intravascular temperature control. Per the National Library of Medicine and the National Institute of Health, a startling 310 million major procedures are carried out annually worldwide, with close to 40 to 50 million in the USA and close to 20 million in Europe.

Restraints

In the approaching years, it is anticipated that the high cost of the procedures and the large initial investment required to set up these systems will constrain the market's expansion. Additionally, 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

Governments worldwide are heavily investing in the technological advancements of intravascular devices due to the growing demand for them. This investment will create significant opportunities for the market's growth in the future.

Market Segmentation 

Type Insights

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

In 2020, the Intravascular Warming Catheter category had the largest market share, accounting for roughly 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 worldwide because it is a practical method for protecting the nervous system during major vascular procedures or when crucial neurological surgeries are required, boosting the market's overall expansion.

By Product 

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

In 2020, the "Consumables" sector held the largest overall market share of 76.15%. The overall market growth of this category is being effectively driven by an ongoing rise in knowledge of the increasingly frequent consumption of consumables and their high global demand.

By Indication

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

With the largest market share of almost 67.23% in 2020, the Cardiac Arrest segment led the market. The most frequent cause of mortality in cardiac arrest patients (OHCA) after CPR has been identified as severe traumatic brain injury. 

By Application 

In 2020, the "Acute/Critical Care" sector held the largest market share of around 42.17%. Acute/Critical care is a specialized medical service that provides treatment to patients suffering from severe or life-threatening illnesses or injuries. It involves close monitoring, the use of life support equipment, and medication to help maintain normal bodily functions. All of these factors are facilitating the general growth of this segment.

By End-User

In 2020, the Surgical Centers segment ruled the entire market. Most patients choose to travel to surgical centers for quick temperature treatment to identify early cardiac arrest signs, propelling this market's rapid expansion.

Regional Analysis 

North America held a maximum position in the market, followed by Europe. The market is rising due to several factors, including an increase in cardiac arrests and neurological illnesses, a rise in 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 reach USD 402.42 million, growing at a 4.14% CAGR during the forecast period. The numerous awareness campaigns and conferences held by both public and private organizations and the geographic expansions made by major players in the intravascular temperature management market are the main factors fueling the growth of this market.