Best Tips For North America Temperature Management Market

North America is dominating the global targeted temperature management market in 2019 and is estimated to hold a significant market size over the forecast period (2022-2029) owing to the product innovations, well-developed healthcare infrastructure, healthcare facilities, and high adoption of new technologies. Favorable government initiatives to modernize healthcare infrastructure coupled with the increasing number of hospitals are also expected to positively impact the temperature management market in this region. The rising incidence of CVD disorder is also driving the demand for temperature management devices in this region. For instance, According to the American Heart Association 2019 statistics, cardiovascular disease (CVD), is an underlying cause of death, accounting for 840,678 deaths in the US in 2016, approximately 1 of every 3 deaths.

In addition, a large volume of surgical procedures performed in North American countries is also boosting the market growth. For instance, the number of outpatient surgical procedures in the US is expected to grow from 130 million procedures in 2018 to 145 million procedures by 2023. The incidence of out-of-hospital sudden cardiac arrest (OHCA) in industrial countries is reported to be between 35.7 and 128.3 cases per 100,000, with a mean of 62 cases per year which is approximately 300,000 people in the United States.

The North American region is also expected to grow at the highest CAGR during the forecast period. Factors such as the increasing number of surgical centers, high incidence of cardiac arrests and neurological disorders, and the high adoption rate of technologically advanced devices in North American countries are driving the growth of the market in the region. There is a large number of surgical procedures are being performed in the North American region. Estimates from the Texas Heart Institute indicate over 500,000 coronary bypass procedures are performed each year. Application of anesthesia to patients before any surgery results in low body temperature. Under these circumstances, warming systems are essential to avoid any further intraoperative hypothermia. Adoption of these systems assists in minimizing pre- and post-surgical complications and associated discomfort to the patient.  Growth in the geriatric population, the rising incidence of cardiac arrests and neurological disorders, and the availability of technologically advanced products such as standalone and battery-powered devices are the other factors supporting the growth of the targeted temperature management market in North America. 

United States

The United States is expected to dominate the region over the forecast period due to the well-developed healthcare infrastructure, healthcare facilities, and high adoption of new technologies. A rise in the prevalence of chronic diseases is expected to drive the targeted temperature management market in the country. For instance, in 2019, 1,762,450 new cancer cases and 606,880 cancer deaths in the US. In 2018, there were nearly 18.1 million new cases of cancer worldwide. Patient warming systems are used along with radiation therapy and chemotherapy to counter this problem. Several research studies indicate that survivors of cardiac arrests can suffer from devastating neurological impairments. Temperature management devices are widely used in the prevention of neurological damage after cardiac arrests. The use of mild therapeutic hypothermia is considered to improve neurological outcomes after cardiopulmonary resuscitation. According to The Heart Foundation, in the U.S., every year around 720,000 people suffer from a heart attack. Cardiac diseases, such as stroke and heart attack need cold temperatures for eliminating any risk of traumatic brain injuries, thereby, generating high demand for cooling devices in the country. Since 2011, county-wide protocols mandate transport of all out‐of‐hospital cardiac arrest patients of presumed cardiac etiology with the return of spontaneous circulation in the field to a cardiac arrest center with an institutionally approved targeted temperature management protocol and the ability to provide 24/7 emergent coronary angiography and percutaneous coronary intervention (PCI). 

Canada

Only one-half of Canadian emergency physicians report that they have used therapeutic hypothermia in practice. The Canadian targeted temperature management market is driven by affordable treatments and low-cost surgeries which are available in the country. Furthermore, the increasing prevalence of chronic diseases, as well as successive rise in the number of healthcare facilities, will also boost the market growth. In addition to this favorable reimbursement, scenarios may increase the adoption rate of the targeted temperature management market. For instance, 2.9% of Canadians report 2+ chronic diseases, and 3.9% report 3+ chronic diseases. Those reporting 3 or more chronic diseases were more likely to be female, older, living in the lowest income quintile, and to have not completed high school. In the overall population, social deprivation is associated with a 3.7 odds of multimorbidity, but when examined across age groups, the odds of multimorbidity were notably higher in middle age, 7.5 for those aged 35 to 49 years and 5.4 for those aged 50 to 64 years. As the proportion of Canadians living with multiple chronic diseases increases, temperature management devices are widely used in prevention. As per the Heart and Stroke Foundation 2019 report, each year more than 62,000 people get attacked with strokes in Canada, and that number is expected to rise. More than 405,000 people in the country live with the effects of stroke.  As per the Heart & Stroke analysis of Canadian hospitalization data, between 2007-2017, there was a 68% increase in hospitalizations across all age groups for heart disease. Thus, owing to the high prevalence of heart diseases in Canada is expected to drive the targeted temperature management (therapeutic hypothermia) market in the country.

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