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Global Patient Warming Systems Market Expected to Reach $2.9 Billion
February 12, 2018 | PRNewswireEstimated reading time: 1 minute
The global patient warming market was valued at $1,826.9 million in 2016, and is expected to reach $2,917.6 million by 2025, expanding at a CAGR of 8.5% from 2017 to 2025.
Growth in the number of surgical interventions, increasing prevalence of cardiovascular diseases and escalating geriatric population are the key factors facilitating the growth of global patient warming systems market. Technological innovation and growing awareness among both patients and care givers will further boost the market growth.
Among the considered device types, surface warming systems currently dominate the global patient warming systems market and it is expected that the segment will continue to retain its dominance through the forecast period. Additionally, due to growing interventions for treating cardiovascular diseases, and neurological trauma, the growth of intravascular warming systems is anticipated to be the highest.
Based on application areas the global patient warming systems market is segmented into acute care, perioperative care, new-born and pediatric care and others. Among these, use of patient warming systems is the highest in perioperative care settings. Furthermore, the demand for these devices is observed to be the highest in acute care majorly due to growing incidence of chronic illnesses that demand surgical procedures accompanied by hypothermia.
Hospitals are the largest usage area for patient warming devices. Highest admissions and surgical interventions being performed in hospitals and widest use of patient warming systems in inpatient and operation setting are the key factors that support the dominance of hospitals in this market.
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