Focus on Manufacturing Portable Devices Triggering Growth Prospects in the Global Patient Temperature Management Market: Technavio Report

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  • The key vendors in the Global Patient Temperature Management Market 2015-2019 are 3M Healthcare, C. R. Bard Inc., Smiths Medical, Stryker Corp. and ZOLL Medical Corp.

London, 17 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Patient Temperature Management Market 2015-2019.   One key trend upcoming in this market is the rise in mergers and acquisitions. M&A is expected to lead to an increase in the global presence of the vendors and help them achieve high economies of scale. These acquisitions result in wide product portfolios and, thus, have a positive effect on the growth of the market. The Global Patient Temperature Management market is expected to grow at a CAGR of 7.47 percent during the period 2014-2019.

“Key market players are developing product lines that are portable, space-saving, and lightweight. Such compact and portable devices can be moved with the patient, from room to room if needed, throughout the entire surgical process,” says Faisal Ghaus, Vice President of TechNavio Research.

“Vendors offer not only clinically effective devices but also cost-effective ones that fit within the budgetary constraints of even small-sized hospitals.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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