Medical Cooling Systems Market Set to Soar Past USD 4.64 Billion by 2030
The global Medical Cooling Systems market size is expected to reach USD 4.64 billion by 2030 and exhibit a CAGR of 7.5% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing prevalence of chronic diseases, growing demand for targeted temperature management, advancements in medical technology, rising number of surgical procedures, expanding geriatric population, and improving healthcare infrastructure are fueling the market’s growth.
Westford USA, Aug. 15, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Medical Cooling Systems market, increasing adoption of non-invasive cooling techniques, development of portable and compact cooling systems, integration of advanced monitoring and control features, rising focus on personalized temperature management, expanding applications in neurology and cardiology, and growing demand for home-based cooling systems are the trends that aid in the market’s growth.
Browse in-depth TOC on “Medical Cooling Systems Market”
- Pages – 157
- Tables – 148
- Figures – 78
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A medical cooling system is a device that is used to reduce the body temperature of a patient. It is used to treat a variety of conditions, including hyperthermia, fever, and heat stroke. Medical cooling systems can be used in hospitals, clinics, and even in the home.
Prominent Players in Medical Cooling Systems Market
- Livanova
- Medtronic
- Caircool
- Arctic Fox
- Iceman
- Arctic Sun Medical
- Control Medical
- ThermoPort
- Medicool
- Oscor
- Smiths Medical
- Zimmer Biomet
- 3M
- Stryker
- Getinge
- Abiomed
- Sotera
- Transmedic
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Cooling Blankets Demand to Grow Substantially in the Forecast Period
Cooling blankets dominated the global market owing to their high versatility. It is also available in different sizes and designs to accommodate different patient needs and medical procedures. This flexibility makes them suitable for various clinical settings and patient populations.
Cardiology is the Leading Application Segment
Cardiology is the leading segment in terms of application due to the increasing prevalence of heart diseases. In addition, targeted temperature management, also known as therapeutic hypothermia, is a medical technique used to control body temperature in patients after cardiac arrest or cardiac surgery. Medical cooling systems are crucial in achieving and maintaining the desired target temperature, vital for patient outcomes and neurological recovery.
North America is the leading Market Due to the Technological Advancements
Region-wise, North America is one of the largest growing markets with a huge emphasis on healthcare infrastructure. North America is known for its technological advancements and innovation in the medical field. The region has a strong presence in research and development activities, leading to the development of advanced medical cooling systems and techniques.
A recent report thoroughly analyzes the major players operating within the Medical Cooling Systems market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Medical Cooling Systems.
Key Developments in Medical Cooling Systems Market
In August 2022, Parker-Hannifin (PH) closed Meggitt Deal and expanded in the UK.
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Key Questions Answered in Medical Cooling Systems Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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