Intravascular Cooling Market Size, Share, Growth Analysis, By Type(Warming, Cooling), By Application(Pre-operative, Post-operative, Acute Care), By Region - Industry Forecast 2024-2031

Intravascular Cooling Market size was valued at USD 278.8 million in 2019 and is poised to grow from USD 292.9 million in 2023 to USD 350.76 million by 2031, growing at a CAGR of 2.5% in the forecast period (2024-2031).

As a catheter is introduced into the venous system and the device it is coupled to control the blood's temperature, intravascular temperature management is the technique of chilling or warming the temperature as per the patient's needs from the inside out. The administration of this technique is swift and effective since it quickly raises the required body temperature compared to other methods of managing surface temperature.

One of the key factors accelerating the growth and demand of the intravascular temperature management market is the increased adoption rate of technologically improved devices. Throughout the forecast period (2024-2031), an increase in the number of surgical centers being established in some regions is also a factor in the growth of the global market. The market is expanding as a result of the increasing efficacy of intravascular temperature management devices in treating chronic heart diseases. Additionally, the increasing public awareness of the role of intravascular temperature management in reducing the morbidity and mortality of hospitalized patients, as well as the growing acceptance of intravascular temperature management for patient warming and cooling systems in the healthcare sector globally, are all driving the market growth during the aforementioned forecast period. The market for intravascular temperature control will continue to grow quickly thanks to recent advances in technology and R&D. From 2021 to 2028, the industry is expected to see considerable prospects for expansion.

The market for intravascular temperature management will, however, experience a decline due to the high cost of certain of these devices, and the market could face difficulties due to the rigid regulatory clearance procedures.

US Intravascular Cooling Market  is poised to grow at a sustainable CAGR for the next forecast year.