Dallas, TX -- (ReleaseWire) -- 04/21/2014 -- The Global Patient Temperature Management market is witnessing an increase in the number of mergers and acquisitions among the leading vendors in the market. Vendors opt for the mergers and acquisitions strategy to gain more market share, increase their global presence, and to achieve high economies of scale. For instance, GE Healthcare acquired Vital Signs Inc. in 2008; Philips Healthcare acquired InnerCool Therapies Inc., and ZOLL Medical Corp. acquired Alsius Corp. in 2009; Stryker Corp. acquired Gaymar Industries Inc. and 3M Health Care acquired Arizant Inc. in 2010; and C.R. Bard Inc. acquired Medivance Inc. in 2011. These acquisitions by the leading vendors have enabled them to maintain their position in the Global Patient Temperature Management market and develop a variety of offerings, which will boost their revenue during the forecast period.
According to the report, one of the major drivers is the increasing prevalence of cardiac and CNS disorders. The rise in cardiac, brain, and spinal surgery is leading to the growth of the market as hot and cold therapy products are used in these surgeries to provide patient comfort and improve the outcome.
Further, the report states that one of the major challenges faced by the market is the unavailability of adequate scientific support for the systematic and protocol-driven application of these devices.
The report recognizes the following companies as the key players in Global Patient Temperature Management Market: 3M Health Care, Cincinnati Sub-Zero Products Inc., Covidien plc, Smiths Medical, Stryker Corp., Augustine Temperature Management LLC, Belmont Instrument Corp., C. R. Bard Inc., Ecolab Inc., EMIT Corp., Enthermics Medical Systems Inc., GE Healthcare Ltd., Geratherm Medical AG, Philips Healthcare, Pintler Medical LLC, The 37 Co., WElkins LLC, ZOLL Medical Corp.
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Other vendors mentioned in the report are Augustine Temperature Management LLC, Belmont Instrument Corp., C. R. Bard Inc., Ecolab Inc., EMIT Corp., Enthermics Medical Systems Inc., GE Healthcare Ltd., Geratherm Medical AG, Philips Healthcare, Pintler Medical LLC, The 37 Co., WElkins LLC, ZOLL Medical Corp.
Key questions answered in this report:
-What will the market size be in 2018 and what will be the growth rate?
-What are the key market trends?
-What is driving this market?
-What are the challenges to the market's growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by key vendors?
-What are the strengths and weaknesses of each of these key vendors?