Intravascular Warming Systems Market

The global intravascular warming systems market accounted for USD 0.616 billion in 2023 and is expected to reach at USD 1.78 billion by 2034 with a CAGR of 10.16% during the forecast period 2024-2034. The market will expand due to factors such as the rising demand for surgical procedures, technological advancements, greater awareness of the management of hypothermia, a focus on patient safety and comfort, and an increase in strategic alliances and collaborations.

The increasing number of surgical procedures performed globally is one of the main factors. This includes intricate surgeries that require careful patient temperature management, such as abdomen, brain, and cardiovascular procedures. The use of intravascular warming systems is essential in avoiding unintentional perioperative hypothermia (IPH), which can result in problems such as increased bleeding, infections, and slowed healing. For instance, in October 2022, BD Becton Dickinson acquired C.R. Bard, Inc., potentially expanding their temperature management product line.

By product type, the insulated intravenous tubing segment accounted for the highest revenue-grossing segment in the global intravascular warming systems market in 2023 owing to the increased adoption in critical care settings, where precise temperature control is essential for patient safety and improved clinical outcomes. For instance, in July 2022, ZOLL Medical Corporation and Medtronic collaborated to integrate intravascular warming with other medical devices. Additionally, the connective warming tubing segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising demand for efficient heat transfer mechanisms and technological advancements driving the development of innovative warming systems.

By application, the perioperative care segment accounted for the highest revenue-grossing segment in the global intravascular warming systems market in 2023 owing to the increased volume of surgical procedures globally and growing awareness of the importance of maintaining normothermia for perioperative patient safety and outcomes. For instance, ZOLL Medical Corporation added the IQool System, a premium surface alternative created by BrainCool, to its temperature management line in July 2023. Additionally, the acute care segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising demand for intravascular warming systems in emergency departments, trauma centers, and intensive care units, driven by the need for rapid temperature management in critically ill patients.

By end-user, the operating rooms segment accounted for the highest revenue-grossing segment in the global intravascular warming systems market in 2023 owing to the increasing number of surgical procedures and the critical role of maintaining normothermia during surgeries for improved patient outcomes. For instance, Thermo Fisher Scientific purchased EMKA Technologies, a top producer of single-use parts for medical equipment, such as intravascular warming systems, in February 2024. Additionally, the ICUs segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing demand for precise temperature management in critically ill patients and the increasing adoption of intravascular warming systems to prevent hypothermia and improve patient outcomes in intensive care settings.

North American region is anticipated to have the highest revenue share during the forecast period owing to the high prevalence of chronic diseases, advanced healthcare infrastructure, and stringent regulatory standards driving the adoption of intravascular warming systems for perioperative and critical care applications. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the increasing surgical volumes, rising healthcare expenditure, and expanding healthcare infrastructure in emerging economies driving the adoption of intravascular warming systems for perioperative care and critical care applications. For instance, India's public healthcare spending in 2021-2022 accounted for 2.1% of GDP, according to the Economic Survey of 2023. Additionally, the need for intravascular warming systems is explained by the rising incidence of cardiovascular diseases (CVD) in this area.

This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.

Report Scope:

• Base Year: 2023
• Forecast Period: 2024-2034
• Study Coverage
• Market Forecast by Product Type, Application, and End-User
• Market Forecast for 5 Regions and 17+ Countries
• North America (U.S. and Canada)
• Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
• Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
• MEA (South Africa, GCC, Rest of MEA)
• Exhaustive Company Profiles of the Top 10+ Major Market Players

Segmentation: Intravascular Warming Systems Market Report 2023 - 2034

Intravascular Warming Systems Market Analysis & Forecast by Product Type 2023 - 2034 (Revenue USD Bn)

• Insulated Intravenous Tubing
• Connective Warming Tubing
• Water Bath Warming System
• Heat Block Warming System
• Others

Intravascular Warming Systems Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)

• Acute Care
• Perioperative Care
• Neonatal Care

Intravascular Warming Systems Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)

• Operating Rooms
• ICUs
• Emergency Rooms
• Others

Intravascular Warming Systems Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of LATAM
• Middle East & Africa
• South Africa
• GCC
• Rest of MEA