Temperature Management Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Temperature Management Market by Product Type (Patient Warming Systems and Patient Cooling Systems), By Application (General Surgery, Cardiology, Neurology, Pediatrics, Thoracic Surgery and Orthopedic Surgery), By End User (Operating Rooms, Intensive Care Units, Emergency Rooms and Others) and Geography

 

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Report

Description

Temperature Management Market size valued USD 2,393.8 million in 2020 and poised to grow at significant CAGR of 7.3% over 2021-2016, to reach USD 3,398.7 million by 2026. An increase in the incidence of chronic conditions, rising number of surgical procedures, increasing prevalence of cancer and cardiovascular diseases, technologically advanced intravascular systems, governments initiatives to modernize healthcare infrastructure, and awareness about temperature management systems are some key factors fueling the market growth. However, high costs and product recalls & failures are hindering the market growth. In addition, Product Approvals and new product launches provide huge growth opportunities for the market. The temperature management market is a treatment carried out to maintain the specific body temperature of a patient for an exact duration. It progresses health conditions and reduces the risks of tissue injuries occurring due to lack of blood flow. The deterrence of brain injuries and development in brain function following a cardiac arrest is possible using temperature management techniques. It also prevents secondary neurological injuries after central nervous systems trauma in animals.

Temperature Management Market

MARKET SUMMARY
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7.3%
  • Study Period– 2021 – 2026
  • Base Year– 2020
  • CAGR– 7.3%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Temperature Management Market

  • The report on the global temperature management market gives historical, current, and future market sizes (US$ Mn) on the basis of Product Type,  Application, By End User, and Regional Type
  • The global temperature management market gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.
Key Players
  • 3M
  • Smiths Medical
  • Drägerwerk
  • Ecolab
  • ZOLL Medical
Temperature Management Market

Dynamics

Temperature Management Market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players such as acquisitions, mergers, expansions and new product launches may enhance the company’s growth. For instance, In 2021, ZOLL Medical Corporation (Japan) made an agreement with Global Healthcare SG for distribution of portable targeted temperature management system in Asia Pacific.


North-America got significant share

Temperature Management Market

The temperature management market in North America is expected to hold the highest share by 2026 and it is expected to grow with a significant rate in the coming years due to government initiatives to modernize healthcare infrastructure, large volume of surgical procedures, availability of technologically advanced products, high adoption of new technologies and well-developed healthcare infrastructure. In addition, Asia Pacific held highest CAGR during the forecast period owing to increasing medical tourism in developing countries, expansion in research & development activities and government efforts to increase access to possible surgeries.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about market size, regional market share, historic market (2016-2020) and forecast (2021-2026).
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market.
  • The report provides plethora of information about market entry strategies
Temperature Management Market Segmentation


Location

GEOGRAPHY


Report

Company Profile

  • 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)

Description

Temperature Management Market size valued USD 2,393.8 million in 2020 and poised to grow at significant CAGR of 7.3% over 2021-2016, to reach USD 3,398.7 million by 2026. An increase in the incidence of chronic conditions, rising number of surgical procedures, increasing prevalence of cancer and cardiovascular diseases, technologically advanced intravascular systems, governments initiatives to modernize healthcare infrastructure, and awareness about temperature management systems are some key factors fueling the market growth. However, high costs and product recalls & failures are hindering the market growth. In addition, Product Approvals and new product launches provide huge growth opportunities for the market. The temperature management market is a treatment carried out to maintain the specific body temperature of a patient for an exact duration. It progresses health conditions and reduces the risks of tissue injuries occurring due to lack of blood flow. The deterrence of brain injuries and development in brain function following a cardiac arrest is possible using temperature management techniques. It also prevents secondary neurological injuries after central nervous systems trauma in animals.

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