MARKET OUTLOOK
A report by Triton has determined the intravascular temperature management system market in Europe to proliferate at a compound annual growth rate of 2.99% in the forecast period during 2019-2027.
The UK, France, Russia, Italy, Spain, Germany and countries in rest of Europe together form the market for intravascular temperature management systems in the European region.
The growth of Europe’s intravascular temperature management system market which has been forecasted, is attributable to the high prevalence of cardiovascular disorders and a rise in the number of surgical procedures performed in the region. Moreover, the recent revisions in the guidelines also serve as a factor for growth. For instance, in December 2016, the National Institute for Health and Care Excellence (NICE) added certain recommendations to the guidelines of hypothermia prevention and management in adults having surgery. The guidelines include recommendations on pre-operative surgeries during the surgical procedure, and postoperative patient warming. Therefore, these revisions in the guidelines lead to an increase in the awareness and need related to intravascular temperature management during surgeries among healthcare providers. This helps fuel the growth of the market in this region.
COMPETITIVE OUTLOOK
Few of the prime players in the intravascular temperature management system market are Medtronic Plc, The Surgical Company B.V., Smiths Group Plc, Stihler Electronic GmbH (acquired by Gentherm GmbH), Belmont Instrument Corporation, Stryker Corporation, 3M Company and ZOLL Medical Corporation.