Therapeutic Hypothermia Systems Market Poised for Robust Growth, forecasted to Expand at 7.5% CAGR from 2024-30
MarkNtel Advisors has released its latest report highlighting strong growth in 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.
Report Coverage
This report offers a comprehensive analysis of the Therapeutic Hypothermia Systems Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-30
- Historical Years: 2019-22
Therapeutic Hypothermia Systems Market Overview
The market growth has been attributed to growing awareness and acceptance of therapeutic hypothermia among healthcare professionals. The rise in road traffic accidents has accelerated the growth of the Therapeutic Hypothermia Systems Market. For instance, the United Nations mentioned in 2023 that, globally, every year, road traffic crashes cause around 20 to 50 million non-fatal injuries. Such road traffic accidents, largely responsible for traumatic brain injuries, have propelled the demand for therapeutic hypothermia systems to preserve brain function and avoid dangerous consequences. As a result, the Global Therapeutic Hypothermia Systems has witnessed tremendous growth & expansion.
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Therapeutic Hypothermia Systems Market Segmentation Outlook
The Therapeutic Hypothermia Systems is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
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
Therapeutic Hypothermia Systems Market Trend
Increasing Adoption of Automated & Integrated Cooling Systems – The adoption of automated and integrated cooling systems has increased, with healthcare providers seeking to optimize therapeutic hypothermia protocols and standardize care practices. In comparison to traditional methods, these systems offer improved precision, ease of use, and efficiency in inducing and maintaining therapeutic hypothermia. The integrated systems allow for real-time adjustment of cooling parameters based on patient responses. Automation reduces the need for manual intervention, enhances reliability, and ensures consistent cooling therapy delivery, leading to improved patient outcomes and increased acceptance, thereby changing the dynamics of the Global Therapeutic Hypothermia Systems Market.
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Top Therapeutic Hypothermia Systems Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies 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 as key players shaping the market landscape.
Therapeutic Hypothermia Systems Market News
- In 2023: BrainCool, a medical device company that offers therapeutic hypothermia systems solutions, signed an exclusive distribution agreement with Asahi Kasei Corporation (Japan) for the BrainCool System/IQool System and IQool System Pads in key markets across Europe as well as the United States.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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