Global patient warming devices market likely to grow at CAGR of 5.2% over 2015-2023
According to a report published by Transparency Market Research, the global patient warming devices market is estimated to reach a value of USD 2.6 billion by the end of 2023. The market is projected to register a 5.20% CAGR over the forecast period. The market accounted for USD 1.6 billion in 2015. In 2014, North America held the largest share in the overall market due to increasing number of surgeries, technological advancements, high cognizance levels, and well-established healthcare amenities in the region. North America is followed by Europe and Asia Pacific. By product type, surface warming systems dominated the market, accounting for a 75% share in the overall patient warming devices market in 2014. By application type, preoperative care segment dominated the overall market, accounting for a 40% share in the global market in 2014. The major global players of this market include ZOLL Medical Corporation, Covidien, Smiths Medical, C.R. Bard, Philips Healthcare, Stryker Corporation, Inspiration Healthcare, 3M Health Care, and GE Healthcare.