The global patient warming devices market stood at US$1.6 bn in 2014 and is predicted to reach US$2.6 bn by 2023. The global patient warming devices market is expected to expand at a 5.20% CAGR from 2015 to 2023 due to factors such as the increasing incidence of surgical procedures, oncological and cardiovascular conditions, and rise in the global geriatric population.
Patient warming devices are relief-providing devices that help patients tolerate unintentional loss of heat from the body. Patient warming devices help patients achieve and maintain normal body temperatures, thus leading to quicker recovery. Patient warming devices and solutions are commonly used in medical centers and hospitals by nurses and physicians for the betterment of the patients.
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North America to Generate Highest Demand for Patient Warming Devices till 2023
The need to introduce temperature management products and advancements in patient warming devices is expected to propel the global patient warming devices market during the forecast period. Some of the products, though, can have some side effects on the patients, restricting the growth of the global patient warming devices market. However, the introduction of the latest technology in the devices with temperature management features will boost the global patient warming devices market in the years to come. The global patient warming devices market is segmented on the basis of geography, product, and application. Based on product type, the global patient warming devices market is divided into surface warming systems, patient warming accessories, and intravascular warming systems. In 2014, the surface warming systems segment dominated the global patient warming devices market, accounting for 75% of the market.
Based on geography, the global patient warming devices market is divided into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. In 2014, the global patient warming devices market was led by North America, followed by Europe and Asia Pacific. Growing number of surgeries and established health care infrastructure is expected to generate demand for patient warming devices in North America. Due to increased occurrence of severe illnesses and cardiovascular diseases, demand for patient warming devices in Asia Pacific is predicted to multiply in the years to come.
Perioperative Care Segment to Dominate Global Patient Warming Devices Market till 2023
Some of the leading companies in the global patient warming devices market are 3M Health Care (3M), C. R. Bard, Inc., INDITHERM (Inspiration Healthcare), Smiths Medical (Smiths Group plc), ZOLL Medical Corporation (Asahi Kasei Group), Covidien plc (Medtronic plc), GE Healthcare, Philips Healthcare, and Stryker Corporation. Most of the leading companies in the global patient warming devices market are involved in innovations and constant development in their devices to meet the changing trends.
Based on application, the global patient warming devices market is classified into acute care, newborn care, and perioperative care. In 2014, the global patient warming devices market was dominated by the perioperative care segment. The segment accounted for 40% of the total market in 2014 and is expected to maintain its dominant position till 2023.
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