MARKET OUTLOOK
According to Triton Market Research’s estimates, the North American intravascular temperature management system market will rise with a CAGR of 2.62% in the forecasting years 2019-2027.
Canada and the United States together comprise the intravascular temperature management system market in the North American region.
The occurrence and pervasiveness of cardiac diseases have increased worldwide, with cases of sudden cardiac arrests being leading causes of death among people over 40 years of age. The rising cases of vascular disorders have led to an increase in the sale of access devices for the treatment of peripheral and cardiac disorders. As per the World Health Organization, CVDs are responsible for the deaths of 17.7 million people each year, accounting for 31% deaths worldwide. These CVDs primarily manifest in the form of strokes or heart attacks, and are triggered by tobacco use, physical inactivity, unhealthy diets and harmful alcohol usage. These, in turn, are shown up in the form of hypertension, high blood sugar levels and obesity, which are injurious to heart health. Thus, the rise in the prevalence of cardiovascular diseases will drive the intravascular temperature management system market growth.
COMPETITIVE OUTLOOK
Some of the established giants in the intravascular temperature management system market are Biegler GmbH, The 37Company, Estill Medical Technologies, Inc., Geratherm Medical AG, Medtronic Plc, The Surgical Company B.V., Smiths Group Plc and Stihler Electronic GmbH (acquired by Gentherm GmbH).