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Intravascular Cooling Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

 

Intravascular Cooling Market
1. Introduction
Intravascular cooling is a process of cooling the blood vessels from outside the body. This process is used in various medical procedures such as cardiac surgery, neurosurgery, and organ transplantation. Intravascular cooling helps to reduce the risk of organ damage during these procedures.

The global intravascular cooling market is expected to grow at a CAGR of 6.3% from 2018 to 2025. The market is driven by the rising incidence of cardiovascular diseases, the growing number of organ transplantations, and the increasing number of surgical procedures.

However, the market growth is hindered by the lack of trained personnel and the high cost of the procedures.

The intravascular cooling market is segmented by product, procedure, end user, and geography.

By product, the market is classified into catheters, cooling systems, and accessories. The catheters segment is further divided into single-lumen catheters, double-lumen catheters, and triple-lumen catheters. The cooling systems segment is further classified into stand-alone cooling systems and integrated cooling systems. The accessories segment is further divided into temperature sensors and cooling pads.

By procedure, the market is classified into neurosurgery, cardiac surgery, organ transplantation, and other surgeries.

By end user, the market is segmented into hospitals, ambulatory surgical centers, and other end users.

Geographically, the intravascular cooling market is classified into North America, Europe, Asia-Pacific, and the Rest of the World.

The key players in the market are Medtronic plc, Smiths Medical, Zoll Medical Corporation, 3M Company, and The Bard Company.

2. Market Overview
Intravascular Cooling Market: An Overview

The global intravascular cooling market is growing at a significant pace and is expected to reach USD 1,183.0 million by 2025 from USD 749.0 million in 2020, at a CAGR of 9.2% during the forecast period. The rising number of surgical procedures, technological advancements, and increasing awareness about the benefits of intravascular cooling are the major factors driving the growth of this market.

The intravascular cooling market is broadly segmented by product, procedure, and end user.

On the basis of product, the intravascular cooling market is categorized into catheters, systems, and accessories. The catheter segment is further classified into single-lumen and multilumen catheters. The system segment is further classified into stand-alone and integrated systems. The accessories segment is further segmented into temperature management pads, cooling blankets, and others.

On the basis of procedure, the intravascular cooling market is segmented into cardiac surgery, neurosurgery, and others.

On the basis of end user, the intravascular cooling market is segmented into hospitals, ambulatory surgical centers, and others.

Some of the key players operating in the intravascular cooling market are Bard Biomedical (US), Medtronic plc (Ireland), Johnson & Johnson (US), ZOLL Medical Corporation (US), Smiths Medical (UK), The Spectranetics Corporation (US), CoolSystems, Inc. (US), Edge Systems LLC (US), and Cool-Cap Systems, Inc. (US).

The intravascular cooling market is witnessing significant growth due to the rising number of surgical procedures, technological advancements, and increasing awareness about the benefits of intravascular cooling.

The number of surgical procedures is rising due to the increasing prevalence of chronic diseases and the aging population. According to the World Health Organization (WHO), the number of people aged 60 years or over is projected to grow from 901 million in 2015 to nearly 2 billion in 2050. Furthermore, the number of people aged 80 years or over is projected to triple, from 143 million in 2015

3. Market Drivers
The intravascular cooling market is driven by three main factors: the increasing prevalence of cardiovascular diseases, the rising number of surgical procedures, and the growing demand for minimally invasive procedures.

The prevalence of cardiovascular diseases is increasing globally, owing to the sedentary lifestyle and the rising incidence of obesity and diabetes. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death worldwide, accounting for 17.9 million deaths in 2019. The WHO also predicts that the number of deaths due to cardiovascular diseases will increase to 23.6 million by 2030. This increase in the prevalence of cardiovascular diseases is expected to drive the growth of the intravascular cooling market.

The number of surgical procedures is also increasing globally. According to Statista, the number of surgical procedures performed globally was 45.3 million in 2017 and is expected to reach 50.4 million by 2025. The increasing number of surgical procedures is another driver of the intravascular cooling market.

The third driver of the intravascular cooling market is the growing demand for minimally invasive procedures. Minimally invasive procedures are associated with several benefits, such as shorter hospital stays, lower risk of infection, and reduced scarring. The growing demand for minimally invasive procedures is expected to drive the growth of the intravascular cooling market.

4. Market Challenges
There are a number of market challenges that need to be considered when it comes to intravascular cooling. First and foremost, this is still a relatively new technology and as such, there is a lack of awareness among potential customers. This lack of awareness can be a barrier to entry for new companies looking to enter the market. Additionally, the cost of intravascular cooling systems can be prohibitive for some customers, particularly those who are unfamiliar with the technology.

Another challenge facing the intravascular cooling market is the need for trained personnel to operate the systems. This can be a challenge for smaller hospitals or medical facilities who may not have the staff or resources to dedicate to training. Finally, there is the potential for regulatory hurdles, as this is a new technology and there are not yet established regulations governing its use.

5. Market Trends
The intravascular cooling market is growing rapidly and is expected to continue doing so in the coming years. This is due to the increasing awareness of the benefits of intravascular cooling and the growing number of clinical applications for which it can be used.

There are a number of market trends that are driving the growth of the intravascular cooling market. These include the following:

1. Increasing awareness of the benefits of intravascular cooling

There is a growing awareness of the benefits of intravascular cooling, both among clinicians and the general public. This is resulting in more patients seeking out this treatment and more hospitals offering it.

2. Growing number of clinical applications

The number of clinical applications for intravascular cooling is increasing. This is due to the growing body of evidence demonstrating the efficacy of intravascular cooling for a variety of conditions.

3. Increasing number of intravascular cooling products

The number of intravascular cooling products on the market is increasing. This is due to the growing demand for these products and the development of new and improved technologies.

4. Growing number of intravascular cooling procedures

The number of intravascular cooling procedures being performed is increasing. This is due to the growing number of indications for intravascular cooling and the increasing awareness of its benefits.

5. Increasing use of intravascular cooling in combination with other therapies

Intravascular cooling is increasingly being used in combination with other therapies, such as surgery, radiation therapy, and chemotherapy. This is due to the growing body of evidence demonstrating the efficacy of this approach.

6. Competitive Landscape
The intravascular cooling market is expected to grow at a CAGR of around 15.4% from 2020 to 2027 and reach around US$ 1,917.9 Mn by 2027.

The intravascular cooling market is driven by the increasing number of trauma cases, the rising number of surgical procedures, and the increasing number of trauma centers and hospitals. However, the high cost of intravascular cooling devices and the lack of awareness among healthcare professionals are the major factors restraining the growth of the intravascular cooling market.

The intravascular cooling market is segmented by product, application, end user, and geography.

By product, the intravascular cooling market is classified into intravascular cooling catheters, intravascular cooling systems, and intravascular cooling accessories. The intravascular cooling catheters segment is expected to grow at the highest CAGR during the forecast period.

By application, the intravascular cooling market is classified into neurosurgery, cardiothoracic surgery, trauma & resuscitation, and others. The neurosurgery segment is expected to grow at the highest CAGR during the forecast period.

By end user, the intravascular cooling market is classified into hospitals, trauma centers, and others. The hospitals segment is expected to grow at the highest CAGR during the forecast period.

Geographically, the intravascular cooling market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to grow at the highest CAGR during the forecast period.

Some of the key players operating in the intravascular cooling market are Medtronic, ZOLL Medical Corporation, Smiths Medical, The Bard Group, Inc., 3M, InspireMD, Inc., Stryker, Boston Scientific Corporation, and Teleflex Incorporated.

The intravascular cooling market is expected to grow at a CAGR of around 15.4% from 2020 to 2027 and reach around US$ 1,917.9 Mn by 2027.

The intravascular cooling market is driven

7. Company Profiles
Intravascular Cooling is a process of delivering cold temperatures to the body through the use of a catheter. The catheter is inserted through a vein in the arm and threaded through the body to the area that needs to be cooled. Intravascular Cooling is used to treat a variety of conditions, including heat stroke, brain injury, and heart attack.

Some of the leading companies in the Intravascular Cooling market are:

1. Zoll Medical Corporation

Zoll Medical Corporation is a leading manufacturer of Intravascular Cooling products. The company’s products are used in hospitals and emergency medical settings around the world. Zoll’s products are designed to cool the body quickly and safely, and are backed by clinical research.

2. The Bard Group

The Bard Group is a leading provider of Intravascular Cooling products and services. The company offers a full range of products, from catheters to cooling blankets, and provides training and support to hospitals and medical professionals. Bard’s products are backed by clinical research and are used in hospitals around the world.

3. Medtronic

Medtronic is a leading manufacturer of Intravascular Cooling products. The company offers a full range of products, from catheters to cooling blankets, and provides training and support to hospitals and medical professionals. Medtronic’s products are backed by clinical research and are used in hospitals around the world.

4. Philips Healthcare

Philips Healthcare is a leading provider of Intravascular Cooling products and services. The company offers a full range of products, from catheters to cooling blankets, and provides training and support to hospitals and medical professionals. Philips’ products are backed by clinical research and are used in hospitals around the world.

5. Stryker

Stryker is a leading manufacturer of Intravascular Cooling products. The company’s products are used in hospitals and emergency medical settings around the world. Stryker’s products are designed to cool the body quickly and safely, and are backed by clinical research.

6. Smiths Medical

8. Future Outlook
The global intravascular cooling market is expected to grow at a CAGR of over 6% during the period 2019–2025.

The intravascular cooling market is driven by the growing prevalence of cardiovascular diseases, the rising number of surgical procedures, and the increasing number of trauma cases. In addition, the growing awareness of the benefits of intravascular cooling and the development of new cooling devices are expected to boost the growth of the market. However, the lack of awareness about intravascular cooling and the high cost of cooling devices are expected to restraint the market growth.

The intravascular cooling market is segmented by product, by disease, by end user, and by geography.

By product, the intravascular cooling market is segmented into intravascular cooling catheters, intravascular cooling systems, and intravascular cooling accessories.

By disease, the intravascular cooling market is segmented into acute myocardial infarction (AMI), arrhythmia, and others.

By end user, the intravascular cooling market is segmented into hospitals, ambulatory surgical centers, and others.

Geographically, the intravascular cooling market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The key players operating in the global intravascular cooling market are Medtronic plc, Koninklijke Philips N.V., Smiths Group plc,3M Company, ZOLL Medical Corporation, The 37 Company, Inc., Bard Biomedical Ltd., and Angle, Inc.

9. Disclaimer
Intravascular cooling is a life-saving medical technology that is used to cool and stabilize patients who have suffered from a cardiac arrest or other life-threatening event. This life-saving therapy is used in hospitals and emergency medical services (EMS) across the globe.

Despite its life-saving potential, there are a few potential risks and side effects associated with intravascular cooling. It is important to be aware of these potential risks and side effects before undergoing intravascular cooling therapy.

The following is a list of 9 potential risks and side effects associated with intravascular cooling:

1. Cardiac arrhythmias: Intravascular cooling can cause cardiac arrhythmias, which are abnormal heart rhythms. These arrhythmias can be dangerous and potentially life-threatening.

2. Hypothermia: Intravascular cooling can cause hypothermia, which is a condition in which the body’s core temperature drops below 95 degrees Fahrenheit. Hypothermia can be dangerous and potentially life-threatening.

3. Infection: There is a risk of infection associated with intravascular cooling. This risk is typically low, but it is important to be aware of the potential for infection.

4. Bleeding: Intravascular cooling can cause bleeding. This risk is typically low, but it is important to be aware of the potential for bleeding.

5. Thrombosis: Intravascular cooling can cause thrombosis, which is the formation of a blood clot. This risk is typically low, but it is important to be aware of the potential for thrombosis.

6. Kidney injury: Intravascular cooling can cause kidney injury. This risk is typically low, but it is important to be aware of the potential for kidney injury.

7. Liver injury: Intravascular cooling can cause liver injury. This risk is typically low, but it is important to be aware of the potential for liver injury.

8. Anaphylaxis: Intravascular cooling can cause anaphylaxis, which is a potentially life-threatening allergic reaction. This risk is typically low, but it is important to be

Key Players Covered:

 

ZOLL Medical Corporation, Belmont Instrument LLC., BD, and other players.

Segmentation

 

 ATTRIBUTE

 

 DETAILS
 

By Application

 

 

    • Pre-operative care units
    • Operative care units
    • Post-operative care units

 

 

 

By End-user

 

 

    • Hospitals & Ambulatory surgery centers
    • Speciality clinics
    • Others

 

 

 

By Geography

 

 

    • North America (USA and Canada)
    • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
    • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
    • Latin America (Brazil, Mexico and Rest of Latin America)
    • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

 

 

 

 

By Application

 

 

    • Pre-operative care units
    • Operative care units
    • Post-operative care units

 

 

 

By End-user

 

 

    • Hospitals & Ambulatory surgery centers
    • Speciality clinics
    • Others

 

 

ZOLL Medical Corporation, Belmont Instrument LLC., BD, and other players.

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