Global Patient Temperature Management Market 2015-2019 with 3M Healthcare, C. R. Bard, Smiths Medical, Stryker & ZOLL Medical Dominating

DUBLIN, Mar. 03, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/cxcrvm/global_patient) has announced the addition of the "Global Patient Temperature Management Market 2015-2019" report to their offering.

The Global Patient Temperature Management market to grow at a CAGR of 7.74% over the period 2014-2019

This report covers the present scenario and the growth prospects of the Global Patient Temperature Management market for the period 2015-2019. The market can be segmented into two: Warming Devices and Cooling Devices.

Approximately 16.40% of the world's population is above 65 years. This percentage is expected to increase to 18.70% by 2020. The elderly are more susceptible to traumatic injuries, arthritis, soft tissue inflammation, cardiac problems, obesity-related problems, and other chronic diseases. This, in turn, increases the demand for age-related surgeries. Since patients under anesthesia cannot regulate their body temperature, they are at risk for inadvertent hypothermia-related complications.

According to the report, The launch of a new product from the R&D stage to commercialization is a very expensive process. Vendors make huge investments in R&D to gain market shares. Rapid developments in technology may result in the success or failure of a product during the R&D process. In addition, the long R&D and approval process may result in product obsolescence.

Further, Leading vendors are opting for M&A to strengthen their global position and to increase their commercial capabilities. For instance, to achieve high economies of scale, Covidien and Medtronics entered into a partnership for US$42.90 billion in June 2014, ZOLL Medical acquired Philips InnerCool Temperature Management in November 2014, C.R. Bard acquired Medivance in 2011, Stryker acquired Gaymar Industries, and 3M Healthcare acquired Arizant Healthcare in 2010. These acquisitions result in wide product portfolios and, thus, have a positive effect on the growth of the market.

Market Drivers/Challenge/Trend

• Increase in Number of Surgical Procedures because of Aging Population
• High R&D Expenses
• Increase in M&A

Key Vendors

• 3M Healthcare
• C. R. Bard
• Smiths Medical
• Stryker
• ZOLL Medical

Other Prominent Vendors

• Augustine Temperature Management
• Belmont Instrument
• Charter Kontron
• Cincinnati Sub-Zero (CSZ) Products
• Ecolab
• EMIT
• Enthermics Medical Systems
• GE Healthcare
• Geratherm Medical
• Healthcare 21
• Inditherm
• Medtronic (Medtronic acquired Covidien)
• Mennen Medical Group
• Moeck und Moeck
• Pintler Medical
• The 37Company
• Welkins

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