USD 278.8 million
Global Intravascular Cooling Market Size, Share, Growth Analysis, By Type(Warming, Cooling), By Application(Pre-operative, Post-operative) - Industry Forecast 2024-2031
Report ID:
SQMIG35I2292 |
Region:
Global |
Published Date: February, 2024
Pages:
224
|
Tables:
62 |
Figures:
75
Global Intravascular Cooling Market Insights
Intravascular Cooling Market size was valued at USD 278.8 million in 2019 and is poised to grow from USD 292.9 million in 2023 to USD 350.76 million by 2031, growing at a CAGR of 2.5% in the forecast period (2024-2031).
As a catheter is introduced into the venous system and the device it is coupled to control the blood's temperature, intravascular temperature management is the technique of chilling or warming the temperature as per the patient's needs from the inside out. The administration of this technique is swift and effective since it quickly raises the required body temperature compared to other methods of managing surface temperature.
One of the key factors accelerating the growth and demand of the intravascular temperature management market is the increased adoption rate of technologically improved devices. Throughout the forecast period (2024-2031), an increase in the number of surgical centers being established in some regions is also a factor in the growth of the global market. The market is expanding as a result of the increasing efficacy of intravascular temperature management devices in treating chronic heart diseases. Additionally, the increasing public awareness of the role of intravascular temperature management in reducing the morbidity and mortality of hospitalized patients, as well as the growing acceptance of intravascular temperature management for patient warming and cooling systems in the healthcare sector globally, are all driving the market growth during the aforementioned forecast period. The market for intravascular temperature control will continue to grow quickly thanks to recent advances in technology and R&D. From 2021 to 2028, the industry is expected to see considerable prospects for expansion.
The market for intravascular temperature management will, however, experience a decline due to the high cost of certain of these devices, and the market could face difficulties due to the rigid regulatory clearance procedures.
US Intravascular Cooling Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Pre-operative
Fastest Growth
Pre-operative
Growth Rate
2.5% CAGR
Global Intravascular Cooling Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Intravascular Cooling Market Size by Application, 2021-2028 ($ Bn)
Global Intravascular Cooling Market Size by Application, 2021-2028 (%)
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Global Intravascular Cooling Market Segmental Analysis
The Global Intravascular cooling market is segmented based on the Type, and medical condition. The market is further sub-segmented into Type Warming, Cooling, Based on Application the Intravascular cooling market is further sub-segmented into Perioperative, Post-operative, Acute Care, According to Medical Condition the Intravascular cooling market is further sub-segmented into Stroke, Cardiac Arrest, Traumatic Brain Injury (TBI), Myocardial Infarction.
Intravascular cooling market Analysis based on Application
Pre-operative care unit (PCU) patients are a high-risk population and are at an increased risk of developing blood clots. Intravascular cooling is one form of treatment that has been shown to reduce the risk of blood clots in these patients. The market is growing rapidly due to the increasing demand from PCU patients and surgeons. One reason the demand for intravascular cooling is growing is that it is a safe and effective treatment for reducing the risk of blood clots. These treatments include using ice, cold packs, and cryotherapy. Cryotherapy uses extremely cold temperatures to freeze the surrounding blood vessels and reduce the risk of blood clots. Ice also reduces the risk of blood clots by chilling the surrounding area.
On the basis of application, the global market is classified into preoperative care, operative care units, and post-operative care units. The preoperative care segment is expected to witness the highest growth rate during the forecast period. This growth is attributed to the increasing awareness regarding the benefits of preoperative warming in surgical settings.
Similarly, the market is classified into perioperative care and acute/critical care, by application. The acute/critical care segment is further divided into intensive care units, neurological care units, emergency care units, coronary care units, cath labs, and burn care centers. The perioperative care segment is expected grow at the highest CAGR during the forecast period. The development of technologically advanced systems is one of the factors driving growth in this segment.
Intravascular cooling market Analysis by Type
The intravascular cooling segment accounted for the largest share of the global market in 2021 and it is projected to grow at the highest CAGR during the forecast period. This high growth rate is attributed to the increasing awareness regarding its use in cardiac arrest and stroke care protocol.
Based on medical conditions, the global market is classified into cardiac arrest, traumatic brain injury (TBI), stroke (bleeding & thrombosis), myocardial infarction, fever/infection and other medical conditions. The TBI segment is expected to grow at the highest CAGR during the forecast period. Intravascular cooling techniques are being used as a preventive measure to reduce intracranial pressure (ICP) during TBI treatments. As a result, the adoption of invasive cooling technologies in neurocritical care units is on the rise. Intravascular cooling is an effective treatment for reducing the risk of blood clots in PCU patients. The market is growing rapidly due to the increasing demand from this high-risk population.
Global Intravascular Cooling Market Share By Application, 2021 (%), 2023 (%)
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Global Intravascular Cooling Market Regional Insights
Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa are some of the major geographic markets for intravascular temperature control. North America is anticipated to be a potentially lucrative market among these through at least 2026. Significant device technology advances, the availability of a strong healthcare system, and the fast-expanding prevalence of neurological illnesses have all contributed to the increase. During the evaluation period, Asia Pacific is anticipated to have promising growth potential. The significant increase in surgical procedures and the incidence of chronic diseases, particularly in senior populations, can be linked to the region's high demand for intravascular temperature management devices. With the support of significant advancements in healthcare infrastructures and rising patient awareness in emerging nations, the regional market will also make promising progress in the years to come.
Europe captured the second-largest share of the market, owing to an increase in individual demand for botox operations in key European nations and increased research and development spending in Europe. According to a study conducted in the United Kingdom, women who assessed their self-esteem, life satisfaction, and attractiveness as low, had little religious beliefs, and were exposed to a lot of media were more likely to get botox. Due to rising per capita disposable income and Asian countries' preference for medical tourism, the Asia Pacific region is primed to see an increase in demand for non-invasive aesthetic operations. According to the annual Global Aesthetic Survey conducted by the International Society of Aesthetic Plastic Surgery (ISAPS), medical tourism for cosmetic operations in Thailand is expanding, with more than 33.2% of cosmetic surgery patients coming from other countries.
Global Intravascular Cooling Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Intravascular Cooling Market Dynamics
Intravascular cooling market Driver
- Increased rates of sudden cardiac arrest and increased use of intravascular cooling catheters for hypothermia treatment are driving the growth of the global market. During the forecast period, the development of government standards for the treatment of hypothermia-induced cardiac arrest is also expected to drive the global market. The Ohio State University recommends using intravascular cooling catheters for therapeutic hypothermia to improve neurological recovery after cardiac arrest. As a result of such encouraging government suggestions, the market is likely to grow over the forecast period.
Intravascular cooling market Restraint
- Factors such as the high cost of certain intravascular temperature management devices and stringent regulatory approval processes are expected to hinder market growth to a certain extent. However, a significant factor that may restrain the growth of the worldwide intravascular cooling market is the limited product selection brought on by the absence of significant companies and the widespread usage of endovascular cooling systems.
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Global Intravascular Cooling Market Competitive Landscape
The top market participants have a wide geographic reach and a wide range of products to meet a variety of consumer wants. This element helps the business keep a solid grip on the market. Cargill, Inc., Fuji Oil Holding Inc., Archer Daniels Midland Company, AGYDSA, Olam International Limited, and Wilmar International Limited are just a few of the significant competitors.
Intravascular cooling market Top Player’s Company Profiles
- 3M
- ZOLL Medical
- Belmont Instrument
- Alsius Corporation
- Philips Healthcare
- Medtronic
- Bard Medical Division
- St. Jude Medical
- Stryker Corporation
- Smiths Medical
- C. R. Bard, Inc.
- Halyard Health, Inc.
- Zebra Medical Technologies, Inc.
- Estill Medical Technologies, Inc.
- ERBE USA, Inc.
- ThermopeutiX, Inc.
- Metrum Cryoflex, LLC
- Attune Medical, Inc.
- Deltex Medical Group plc
- Vascular Solutions, Inc.
Intravascular cooling market Recent Development
- In March 2021, Smiths Group plc, announced the launch of Level 1 convective warmer, a next-generation temperature management system.
- In January 2021, Stryker announced the launch of Altrix, which can be used for temperature management of the patient in all clinical settings.
Global Intravascular Cooling Key Market Trends
- The increasing prevalence of chronic illnesses and cardiac arrests is a major reason supporting the demand for patient populations to have focused temperature management. The need is being sparked by the expanding popularity of temperature management for patient warming and cooling systems in the global healthcare industry. In recent years, there has been an increase in the occurrence of nervous system illnesses that require controlling intravascular temperature. The growing use in numerous surgeries also helps to increase demand. The increasing efficacy of temperature control systems in treating chronic heart diseases is another factor driving the market. Additionally, controlling temperature has shown to be effective in lowering the death rate from major heart attacks.
Global Intravascular Cooling Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by End-Use, the Aesthetic segment dominated the global North America Vegetable Oils market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, North America dominated the global North America Vegetable Oils market owing to the region's highly aware and economically stable population, as well as a significantly higher number of procedures conducted.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 278.8 million |
| Market size value in 2031 | USD 350.76 million |
| Growth Rate | 2.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Intravascular Cooling Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Intravascular Cooling Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Intravascular Cooling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Intravascular Cooling Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Intravascular Cooling Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Intravascular Cooling Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Intravascular Cooling Market Report Snapshots
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