PATIENT WARMING DEVICES MARKET ANALYSIS

Patient Warming Devices MarketSize and Trends

Anesthesia in surgery procedures causes a perioperative temperature drop in patients and is the main cause of inadvertent perioperative hypothermia (IPH), which requires instant management. According to American Society of Anesthesiologists (ASA), successful surgery outcomes can be assured with the help of extensive perioperative temperature management within the normothermic range. Furthermore, ASA states that around 50% of the U.S. surgical patients suffer from IPH, which can be reduced by using patient warming devices, in turn, fueling growth of the patient warming devices market.

Increasing prevalence of chronic diseases, primarily cardiovascular and cancer conditions, require patients to undergo surgeries in critical cases. According to World Health organization (WHO), around 300 million surgeries were performed in 2012, the number for which has exponentially increased over the recent past, in turn, boosting growth of the patient warming devices market.

The global patient warming devices market is segmented on the basis of product type, application, end user, and geography

North America is expected to hold a dominant position in the market over the forecast period due to increasing prevalence of chronic diseases, robust healthcare infrastructure, and growing geriatric population, which is highly susceptible to cardiovascular diseases. According to Agency for Healthcare Research and Quality (AHRQ), 22 million surgeries were performed in 2014, which in turn, has driven growth of the patient warming devices market. Asia Pacific is expected to witness highest growth rate over the forecast period due to factors such as improving healthcare infrastructure, government efforts towards improving healthcare facilities, and increasing medical tourism. For instance, in 2014, Indonesia’s government launched Jaminan Kesehatan Nasional, a programme, which aims to provide basic care to the entire country by 2019.