Therapeutic Hypothermia Systems Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

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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

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Therapeutic Hypothermia Systems Market Industry (2024-2030):

According to the latest report, 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. The report demonstrates the prominent factors propelling the exponential growth of the Global Therapeutic Hypothermia Systems Market.

Key Takeaways: Beneficial for Stakeholders and Clients

  • Historic Period: 2019-2022
  • Base year: 2023
  • Forecast Years: 2024-2030
  • CAGR (2024-30): 7.5%
  • Market Value (2023): 276 Million

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What are the major Driver the Global Therapeutic Hypothermia Systems industry?

Surge in Cardiac Arrest Cases Driving Demand for Therapeutic Hypothermia Systems – There has been a rise in cases of cardiac arrest globally attributed to genetics, lifestyle choices, and certain medical conditions. Further, the presence of a large number of patients with cardiovascular diseases (CVDs) such as coronary artery disease, arrhythmia, etc., has positively impacted the therapeutic hypothermia systems market. According to the British Heart Foundation, globally, about 200 million patients, including 110 million men and 80 million women, are living with coronary heart disease. Further, in 2021, around 620 million people were living with heart and circulatory diseases across the world. This included 340 million in Asia & Australia, 100 million in Europe, 98 million in Africa & Middle East, and 48 million both in North and Latin America.

The risk of cardiac arrest increases tremendously when a person suffers from any cardiovascular problems. Hence, considering the large patient population pool with cardiovascular diseases across the world, the cases of cardiac arrest have also increased and have accelerated the demand for Therapeutic Hypothermia Systems that play a vital role in improving outcomes for patients following cardiac arrest. With that, the Therapeutic Hypothermia Systems Market is witnessing growth & development.  

Global Therapeutic Hypothermia Systems Market Segmentation

The Global Therapeutic Hypothermia Systems Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

  • 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

As per the regional aspect, the Global Therapeutic Hypothermia Systems Market is expected to be dominated by the North America by capturing the potential market share. 

Explore further details about this research report- https://www.marknteladvisors.com/research-library/therapeutic-hypothermia-systems-market.html

Top Companies in the Global Therapeutic Hypothermia Systems Market

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

Global Therapeutic Hypothermia Systems Industry Recent Development:

  • 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.

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