Albany, NY -- (SBWIRE) -- 12/07/2015 -- According to a new market report published by Transparency Market Research "Patient Warming Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2015 - 2023" the global patient warming devices market was valued at US$1.63 bn in 2014 and is expected to grow at a high CAGR of 5.2% from 2015 to 2023, to reach an estimated value of US$2.59 bn in 2023.

Browse the full Patient Warming Devices Market: (Products: Surface Warming Systems, Intravascular Warming Systems, Patient Warming Accessories; Applications: Acute Care, Perioperative Care, New Born Care, Others): Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/patient-warming-devices-market.html

The report on global patient warming devices market has been classified on the basis of three categories products, applications and geography (regions & countries). Major products are included in three segments: surface warming systems, intravascular warming systems and patient accessories. Major patient warming device applications comprise of four segments: acute care, perioperative care, new born care and others. The market for these segments and sub-segments has been extensively analyzed based on their utility, effectiveness, sales, and geographic presence.

The increase in the number of surgical procedures, rise in the prevalence of cardiovascular and oncology conditions, increasing number of geriatric individuals and various other factors are likely to fuel the growth of this market further in the future. These factors would propel the market to rise at a high CAGR of 5.2% during the forecast period from 2015 to 2023. The report offers a detailed description behind this high growth and outlines a possible growth trajectory at global as well as regional level in terms of value and the market share for each patient warming device segment. The report is thus, compiled with the prime intent of updating the stakeholders with the incumbent market dynamics through a graphical illustration and in-depth analysis of each segment considered within the study scope.

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Surface warming systems held the largest share in the major product categories accounting for more than 75% share in the global patient warming devices market in 2014. Whereas intravascular warming system will be the fastest growing product segment during the forecast period from 2015 to 2023. Key factors attributed to the high growth of this product segment are increasing number of surgical procedures driven by high prevalence and increasing incidence of severe illnesses/disorders especially due to cardiovascular and oncological disorders globally.

Among major application segments for patient warming devices, acute care applications are gaining intense popularity and there have been increasing demand from acute care centers located world over. The perioperative care segment held the largest share in the global patient warming devices market in 2014. The segment held more than 40% share of the global market in 2014 and is also expected to dominate the market during the forecast period. Increasing prevalence of severe illnesses and disorders that lead to the requirement of surgical intervention is often accompanied by hypothermia. Therefore, perioperative care segment would increasingly contribute towards the global patient warming devices market during the forecast period.

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Major players operating in the global market include 3M Health Care, ZOLL Medical Corporation, C. R. Bard, Inc., Smiths Medical, Stryker Corporation, Covidien plc, GE Healthcare, Inspiration Healthcare (INDITHERM), and Philips Healthcare among others. The key market players are actively involved in constant innovations and developments related to technology and application to cater the multi-dimensional needs of the end-users for maintaining their position in the global market.

The global patient warming devices market is segmented as follows:

Global Patient Warming Devices Market, by Product Type
Surface Warming System
Intravascular Warming System
Patient Warming Accessories
Global Patient Warming Devices Market, by Applications
Acute Care
Perioperative Care
New Born Care
Others
Global Patient Warming Devices Market, by Geography
North America
U.S.
Canada
Europe
U.K.
Germany
Rest of the Europe
Asia Pacific (APAC)
China
Japan
Rest of the APAC
Latin America (LATAM)
Brazil
Rest of the LATAM
Middle East and Africa

About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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