Patient Cooling Device Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.4% from 2024 to 2030.
The global patient cooling device market was valued at approximately USD 2.4 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030. The growing prevalence of cardiovascular diseases, stroke, and traumatic brain injuries has driven the demand for effective therapeutic cooling solutions in critical care settings. The increasing use of these devices to improve patient outcomes, especially in surgical procedures and intensive care units (ICUs), is expected to fuel market growth. Advancements in technology and product innovations are further anticipated to contribute to the expansion of the patient cooling device market over the forecast period.Emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities due to increasing healthcare investments, rising awareness of hypothermia treatment, and expanding healthcare infrastructure. The aging population, coupled with the rising incidence of chronic diseases, creates a favorable environment for the adoption of patient cooling devices. Furthermore, growing R&D initiatives aimed at developing portable and energy-efficient cooling devices offer new market entry opportunities for companies. North America remains the dominant region, but the untapped potential in developing regions is projected to play a crucial role in market growth during the forecast period.
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Geratherm Medical AG
GE Healthcare
Medtronic
Cincinnati Sub-Zero Products
Becton
Dickinson and Company
Smiths Medical
Ecolab
ZOLL Medical Corporation
Inspiration Healthcare Group
Stryker Corporation
The 37Company
3M Company
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Patient Cooling Device Market
Perioperative Care
Acute Care
Newborn Care
Others
Based on Types the Market is categorized into Below types that held the largest Patient Cooling Device market share In 2023.
Surface Cooling Systems
Intravascular Cooling Systems
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Patient Cooling Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Patient Cooling Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Patient Cooling Device Market, By Type
6. Global Patient Cooling Device Market, By Application
7. Global Patient Cooling Device Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Patient Cooling Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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