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| Patient Temperature Management Market | Beige Market Intelligence |
North America accounts for the largest share of the Patient
Temperature Management market and is expected to continue in the near future.
This dominance can be attributed to a large number of surgical procedures that
are taking place in the region. Mostly the market penetration is in the two
major countries in the US and Canada.
A recent report published at Beige Market Intelligence
provides an in depth analysis of the Patient Temperature Management Market. The
report along with the market growth by products and end user segment also gives
a detailed analysis of the major regions holding the accountable number of
market shares. The report has also outlined the factors which are going to
drive the market for the forthcoming years.
The report says In 2011, more than 1.2 million hip and knee
replacement surgeries were performed in the US and this number is estimated to
cross approximately 3.5 million by 2030. This figure shows the increased use of
Patient Temperature Management systems.
The American Society for Aesthetic Plastic Surgery and
Canadian Institute for health Information confirms that more than 2,00,0000
surgeries took place together only in Canada and US till 2013. (Exact figure
and information available in the report). It gives a clear indication about the
expected increase in use of Patient Temperature Management Devices. Furthermore, factors such as rise in number
of surgical centers, high incidences of cardiac arrest and neurological
disorders, and high adoption rate of technologically advanced products in North
America can be attributed for the highest market share of North America.
Patient
Temperature Management Market in US
The US holds the largest share in the patient temperature
management market in North America. The market in the US is primarily driven by
high incidences of various diseases such as neurological disorders and cardiac
arrests, rise in aging population, adoption of technologically advanced patient
warming and cooling systems, to name a few to improve healthcare
infrastructure.
According to the American Medical Association (AMA) nearly
60% of the population aged above 65 years will be suffering from more than one
chronic disorder by 2030. Furthermore, more than 85% of the population in this
age die from heart disorders every year. Certain surgical procedures are
required to be performed for the treatment of age-related disorders. Also large
volumes of surgical procedures are being carried out in the country.
The increasing prevalence of chronic disorders such as heart
diseases and brain strokes in the US will continue to boost the growth of the
patient temperature management market during the forecast period.
View the Report “Global Patient Temperature Management Market – Strategic Assessment
and Forecast Till 2021”.
Patient
Temperature Management Market in Canada
The patient temperature management market in Canada is
likely to increase due to high incidence and prevalence of strokes in Canada
during the forecast period.
It is estimated that more than 50,000 strokes (one stroke in
every 10 minutes) occur in Canada every year. In 2012, approx. 6% (nearly
14,000) of deaths in Canada resulted due to strokes (Source: Statistics
Canada). Also, the risk of strokes doubles every 10 years after an individual
reaches 55 years of its age (Source: Heart and Stroke Foundation of Nova
Scotia, Canada).
In addition, growing number of surgeries is further
accelerating the growth of the market. According to the Canadian Institute for Health
Information (CIHI), almost 500,000 Canadians underwent priority surgical
procedures and specialized treatments in 2012, which was an increase as compared
to 2011. Also, initiatives by the government to increase the number of highly
qualified and skilled surgeons in Canada is also supporting the growth of the
market. For instance, the Royal College of Physicians and Surgeons of Canada in
2012 initiated the Future of General Surgery Project with an aim to ensure that
all graduates undergoing Canada’s General Surgery residency programs were well
prepared to deliver surgical care in various practice settings across the
country.
According to the
report after North America, Asia-Pacific region is expected to grow. Europe is
expected to grow at a slow pace amongst all the geographies. The report provides a detailed analysis of the
market size and growth aspect of the major regions. It includes a detailed analysis
of the strategies used by major vendors in the market along with the emerging
vendors analysis.
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