Temperature Management Market: By Product Type, By Application, By End User, and Region Forecast 2019-2030  

Temperature Management Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Patient Warming Systems, and Patient Cooling Systems), By Application (Cardiology, Orthopedics, Neurology, and Other), By End User (Operating Rooms, Intensive Care Units, Emergency Rooms, and Others), and Region Forecast 2019-2030  

Temperature Management Market size was valued at US$ 2,639.5 million in 2022 growing at a significant CAGR of 4.1% over 2023-2029. The temperature management market includes sales of items or equipment used to control and maintain a specified body temperature for a set period by external warming or cooling. Temperature-controlling devices are utilised in operating rooms, ICUs, blood warming, and other chronic illnesses like cardiac disease, neurological disorders, and cancer. The temperature management market is likely to be driven by an increase in the prevalence of chronic diseases.

The market is driven by the fact that maintaining temperature for patients with chronic conditions reduces infection and saves lives. Factors include a growth in the global prevalence of chronic diseases and the resulting number of surgical procedures. The expanding number of contractual arrangements between market players is projected to create a broad range of growth chances for market players during the projection period. Because of the increased demand for these systems in hospital settings, the patient cooling systems segment of the market examined is likely to contribute positively to market growth. In the projection term, the number of agreements and contracts between significant participants (manufacturers and distributors) will give growth potential. The temperature management market is also fueled by the rising frequency of cardiovascular disease and the growing elderly population.

Key Developments:

  • In Sep 2021, ZOLL Medical Corporation, an Asahi Kasei company that manufactures medical devices and related software solutions, and Itamarâ„¢ Medical Ltd. a medical device and digital health company focused on the integration of sleep apnea diagnosis into the cardiac patient care pathway, announced that the two companies signed a definitive agreement under which ZOLL Medical will acquire all outstanding ordinary shares of Itamar Medical for a total value of approximately $538 million.
  • In Jan 2022 ,Stryker announced a definitive merger agreement to acquire all of the issued and outstanding shares of common stock of Vocera Communications, Inc. for $79.25 per share, or a total equity value of approximately $2.97 billion and a total enterprise value of approximately $3.09 billion (including convertible notes). Vocera, which was founded in 2000, has emerged as a leading platform in the digital care coordination and communication category. The importance of this growing segment has continued to expand throughout the pandemic as it aims to reduce cognitive overload for caregivers and enables them to deliver the best patient care possible.

Temperature Management Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.1%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

Temperature Management Market Dynamics

The global temperature management market is being driven by an increase in the incidence of chronic illnesses. The incidence of chronic disorders such as strokes, cardiac arrests, and neurological diseases such as traumatic brain injury has increased globally. After a cardiac arrest, temperature management devices are commonly employed to prevent neurological damage. Consequently, the rising prevalence of chronic diseases is likely to fuel the demand for temperature control systems. The risk connected with the use of invasive temperature management devices is expected to put a stop to their use.

Temperature Management Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2022

US$ 2,639.5 million

Market CAGR

4.1%

By Product Type

  • Patient Warming Systems
    • Conventional Warming System
    • Surface Warming System
    • Intravascular Warming System
  • Patient Cooling Systems
    • Conventional Cooling System
    • Intravascular Cooling System
    • Surface Cooling System

By Application

  • Cardiology
  • Orthopedics
  • Neurology
  • Other

By End user

  • Operating Rooms
  • Intensive Care Units
  • Emergency Rooms
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The temperature management market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The temperature management market size was valued at US$ 2,639.5 million in 2022

Adroit Medical Systems, Drägerwerk, Geratherm Medical, Inspiration Healthcare, Stryker Corporation.

Asia-Pacific is the fastest-growing region for temperature management market

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Temperature Management Market Introduction
2.1. Global Temperature Management Market - Taxonomy
2.2. Global Temperature Management Market -Definitions
2.2.1. By Product
2.2.2. By Application
2.2.3. By End User
2.2.4. By Region
3. Global Temperature Management Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Temperature Management Market Dynamic Factors - Impact Analysis
3.6. Global Temperature Management Market - Competition Landscape
4. Global Temperature Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Temperature Management Market, By Product, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Patient Warming Systems
5.1.1. Conventional Warming Systems
5.1.2. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.3. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4. Market Opportunity Analysis
5.1.5. Surface Warming Systems
5.1.6. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.7. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.8. Market Opportunity Analysis
5.1.9. Intravascular Warming Systems
5.1.10. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.11. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.12. Market Opportunity Analysis
5.2. Patient Cooling Systems
5.2.1. Conventional Cooling Systems
5.2.2. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.3. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.4. Market Opportunity Analysis
5.2.5. Intravascular Cooling Systems
5.2.6. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.7. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.8. Market Opportunity Analysis
5.2.9. Surface Cooling Systems
5.2.10. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.11. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.12. Market Opportunity Analysis
6. Global Temperature Management Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1. Cardiology
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Orthopedics
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Neurology
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Temperature Management Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1. Operating Rooms
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Intensive Care Units
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Emergency Rooms
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Temperature Management Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Temperature Management Market - Opportunity Analysis Index, By Temperature Management, By End User and Region, 2024 - 2030
9. North America Temperature Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Patient Warming Systems
9.1.1.1. Conventional Warming System
9.1.1.2. Surface Warming System
9.1.1.3. Intravascular Warming System
9.1.2. Patient Cooling Systems
9.1.2.1. Conventional Warming System
9.1.2.2. Surface Warming System
9.1.2.3. Intravascular Warming System
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Cardiology
9.2.2. Orthopedics
9.2.3. Neurology
9.2.4. Other
9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Operating Rooms
9.3.2. Intensive Care Units
9.3.3. Emergency Rooms
9.3.4. Others
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. U.S.
9.4.2. Canada
9.5. North America Temperature Management Market - Opportunity Analysis Index, By Temperature Management, End User And Country, 2024 - 2030
9.6. North America Temperature Management Market Dynamics - Trends
10. Europe Temperature Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Patient Warming Systems
10.1.1.1. Conventional Warming System
10.1.1.2. Surface Warming System
10.1.1.3. Intravascular Warming System
10.1.2. Patient Cooling Systems
10.1.2.1. Conventional Warming System
10.1.2.2. Surface Warming System
10.1.2.3. Intravascular Warming System
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Cardiology
10.2.2. Orthopedics
10.2.3. Neurology
10.2.4. Other
10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Operating Rooms
10.3.2. Intensive Care Units
10.3.3. Emergency Rooms
10.3.4. Others
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Temperature Management Market - Opportunity Analysis Index, By Temperature Management, End User And Country, 2024 - 2030
10.6. Europe Temperature Management Market Dynamics - Trends
11. Asia-Pacific Temperature Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Patient Warming Systems
11.1.1.1. Conventional Warming System
11.1.1.2. Surface Warming System
11.1.1.3. Intravascular Warming System
11.1.2. Patient Cooling Systems
11.1.2.1. Conventional Warming System
11.1.2.2. Surface Warming System
11.1.2.3. Intravascular Warming System
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Cardiology
11.2.2. Orthopedics
11.2.3. Neurology
11.2.4. Other
11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Operating Rooms
11.3.2. Intensive Care Units
11.3.3. Emergency Rooms
11.3.4. Others
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Temperature Management Market - Opportunity Analysis Index, By Temperature Management, End User And Country, 2024 - 2030
11.6. Asia-Pacific Temperature Management Market Dynamics - Trends
12. Latin America Temperature Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
12.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Patient Warming Systems
12.1.1.1. Conventional Warming System
12.1.1.2. Surface Warming System
12.1.1.3. Intravascular Warming System
12.1.2. Patient Cooling Systems
12.1.2.1. Conventional Warming System
12.1.2.2. Surface Warming System
12.1.2.3. Intravascular Warming System
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Cardiology
12.2.2. Orthopedics
12.2.3. Neurology
12.2.4. Other
12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Operating Rooms
12.3.2. Intensive Care Units
12.3.3. Emergency Rooms
12.3.4. Others
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Temperature Management Market - Opportunity Analysis Index, By Temperature Management, End User And Country, 2024 - 2030
12.6. Latin America Temperature Management Market Dynamics - Trends
13. Middle East and Africa Temperature Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Patient Warming Systems
13.1.1.1. Conventional Warming System
13.1.1.2. Surface Warming System
13.1.1.3. Intravascular Warming System
13.1.2. Patient Cooling Systems
13.1.2.1. Conventional Warming System
13.1.2.2. Surface Warming System
13.1.2.3. Intravascular Warming System
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Cardiology
13.2.2. Orthopedics
13.2.3. Neurology
13.2.4. Other
13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.3.1. Operating Rooms
13.3.2. Intensive Care Units
13.3.3. Emergency Rooms
13.3.4. Others
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Temperature Management Market - Opportunity Analysis Index, By Temperature Management, End User And Country, 2024 - 2030
13.6. MEA Temperature Management Market Dynamics - Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.1.1. Company Profiles (Introduction, Financial Analysis, Key Developments, Strategies, and SWOT Analysis)
14.1.2. 3M (US)
14.1.3. Smiths Medical (US)
14.1.4. ZOLL Medical (US)
14.1.5. Becton, Dickinson and Company (US)
14.1.6. Drägerwerk (Germany)
14.1.7. Ecolab (US)
14.1.8. GE Healthcare (US)
14.1.9. Gentherm (US)
14.1.10. Geratherm Medical (Germany)
14.1.11. Inspiration Healthcare (UK)
14.1.12. Medtronic (Ireland)
14.1.13. Stryker Corporation (US)
14.1.14. The 37Company (Netherlands)
14.1.15. Adroit Medical Systems (US)
14.1.16. Attune Medical (US)
14.1.17. Augustine Surgical (US)
14.1.18. Belmont Medical Technologies (US)
14.1.19. Biegler  GmbH (Germany)
14.1.20. Encompass Group (US)
14.1.21. Enthermics (US)
14.1.22. Hirtz & Co. KG (Germany)
14.1.23. Istanbul Medikal Ltd (Istanbul)
14.1.24. Life Recovery Systems (US)
14.1.25. MedCare Visions GmbH (Germany)
14.1.26. Vyaire Medical, Inc. (US)
14.1.27. Other Companies
15. Research Methodology
16. Key Assumptions and Acronyms

Key Market Players

  • 3M (US)
  • Smiths Medical (US)
  • Becton, Dickinson and Company (US)
  • Drägerwerk (Germany)
  • Ecolab (US)
  • ZOLL Medical (US)
  • GE Healthcare (US)
  • Gentherm (US)
  • Geratherm Medical (Germany)
  • Inspiration Healthcare (UK)
  • Medtronic (Ireland)
  • Stryker Corporation (US)
  • The 37Company (Netherlands)
  • Adroit Medical Systems (US)
  • Attune Medical (US)
  • Augustine Surgical (US)
  • Belmont Medical Technologies (US)
  • Biegler GmbH (Germany)
  • Encompass Group (US)
  • Encompass Group (US)

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