The Global Therapeutic Hypothermia Systems Market size was valued at around USD 276 million in 2023 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.
Global Therapeutic Hypothermia Systems Market Driver:
Surge in Cardiac Arrest Cases Driving Demand for Therapeutic Hypothermia Systems – There has been a rise in cases of cardiac arrest globally attributed to genetics, lifestyle choices, and certain medical conditions. Further, the presence of a large number of patients with cardiovascular diseases (CVDs) such as coronary artery disease, arrhythmia, etc., has positively impacted the therapeutic hypothermia systems market. According to the British Heart Foundation, globally, about 200 million patients, including 110 million men and 80 million women, are living with coronary heart disease. Further, in 2021, around 620 million people were living with heart and circulatory diseases across the world. This included 340 million in Asia & Australia, 100 million in Europe, 98 million in Africa & Middle East, and 48 million both in North and Latin America.
The risk of cardiac arrest increases tremendously when a person suffers from any cardiovascular problems. Hence, considering the large patient population pool with cardiovascular diseases across the world, the cases of cardiac arrest have also increased and have accelerated the demand for Therapeutic Hypothermia Systems that play a vital role in improving outcomes for patients following cardiac arrest. With that, the Therapeutic Hypothermia Systems Market is witnessing growth & development.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Therapeutic Hypothermia Systems Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Product
- Cooling Devices- Market Size & Forecast 2019-2030, (Usd Million)
- Cooling Catheters- Market Size & Forecast 2019-2030, (USD Million)
- Cool Caps- Market Size & Forecast 2019-2030, (USD Million)
- By Application
- Neurology- Market Size & Forecast 2019-2030, (USD Million)
- Cardiology- Market Size & Forecast 2019-2030, (USD Million)
- Neonatal Care- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Asahi Kasei Corporation (Zoll Medical Corporation), Becton, Dickinson and Company, Gentherm Incorporated, Stryker Corporation, Belmont Medical Technologies, International Biomedical Ltd., Em-Med, Phoenix Medical Systems, Life Recovery Systems, Shenzhen Comen Medical Instruments Co., Ltd., Miracradle (Pluss Advanced Technologies Pvt. Ltd.), and others
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