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Temperature Management Systems - Global Market Trajectory & Analytics

  • ID: 4806170
  • Report
  • February 2022
  • Region: Global
  • 491 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Company
  • Biegler GMBH
  • Encompass group,LLC
  • Geratherm Medical AG
  • Medtronic PLC
  • The 37company

Global Temperature Management Systems Market to Reach $3.3 Billion by 2026


Temperature management systems help in regulating and maintaining patients` body temperature in operation theatres, recovery rooms, intensive care units, and other hospital areas. These systems utilize heat transfer and thermodynamics to manage the temperature of patients in every hospital settings. Growth in the global market is being propelled by rising cases of strokes and cardiac arrest coupled with increasing number of surgical interventions that rely on anesthesia administration, which results in drop in body temperature and requires the use of temperature management solutions to prevent the development of intra-operative hypothermia. The demand for these systems is also propelled by rising incidence of cardiac conditions and strokes along with increasing cases of cancer that result in lower body temperature owing to proliferation of cancer cells. The adoption of temperature management systems is also facilitated by their ability to reduce treatment cost and surgical complications. Another prominent factor that is driving the market growth is increasing number of agreements and contracts among market participants to bolster their regional footprints and product portfolios.

Amid the COVID-19 crisis, the global market for Temperature Management Systems estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$3.3 Billion by 2026, growing at a CAGR of 5.8% over the analysis period. Patient Warming Systems, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$2.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Patient Cooling Systems segment is readjusted to a revised 6.7% CAGR for the next 7-year period. This segment currently accounts for a 30.3% share of the global Temperature Management Systems market. Patient Warming Systems segments commands a dominating position due to rising adoption in surgeries. These systems are used to manage hypothermia or drop in body temperature following administration of specific anesthesia. Growth in the Patient Cooling System segment is attributed to the increasing number of cardiac surgeries. The segment`s growth is also bolstered by increasing need for low temperature to eliminate the risk of adverse neurologic outcome and associated brain injuries.



The U.S. Market is Estimated at $913.4 Million in 2021, While China is Forecast to Reach $404 Million by 2026


The Temperature Management Systems market in the U.S. is estimated at US$913.4 Million in the year 2021. The country currently accounts for a 36.3% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$404 Million in the year 2026 trailing a CAGR of 8.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR while Rest of European market (as defined in the study) will reach US$435.2 Million by the end of the analysis period. The US remains at the forefront of adoption of temperature management systems market, driven by the presence of sophisticated healthcare infrastructure and reimbursement policies favoring new technologies.

The demand for temperature management systems is fueled by increasing number of surgical procedures and availability of advanced products like battery-powered and standalone devices for temperature management. The US market is also augmented by increasing geriatric population along with rising cases of neurological disorders and cardiac arrests in the region. Growth in the Asia-Pacific region is attributed to increasing adoption of advanced medical treatments. The regional market is anticipated to gain from the sheer size of patient population, increasing number of surgical interventions and rising health consciousness.

Select Competitors (Total 49 Featured) -

  • 3M Company
  • Adroit Medical Systems Inc
  • Attune Medical
  • Augustine Surgical, Inc.
  • Becton, Dickinson And Company
  • Belmont Medical Technologies
  • Biegler GMBH
  • Drägerwerk AG & CO. KGAA
  • Ecolab Inc
  • Encompass group,LLC
  • Enthermics Medical Systems
  • GE Healthcare
  • Gentherm Incorporated
  • Geratherm Medical AG
  • Hirtz & CO. KG.
  • Inspiration Healthcare Group PLC
  • Istanbul Medikal Ltd.
  • Life Recovery Systems HD, LLC
  • Medtronic PLC
  • Smiths Medical, Inc
  • Stryker Corporation
  • The 37company
  • Vyaire Medical Inc
  • Zoll Medical Corporation
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Temperature Management Systems

What is the estimated value of the Global Market for Temperature Management Systems?

The Global Market for Temperature Management Systems was estimated to be valued at $2.3 Billion in 2020.

What is the growth rate of the Global Market for Temperature Management Systems?

The growth rate of the Global Market for Temperature Management Systems is 6.2%, with an estimated value of $3.3 Billion by 2026.

What is the forecasted size of the Global Market for Temperature Management Systems?

The Global Market for Temperature Management Systems is estimated to be worth $3.3 Billion by 2026.

Who are the key companies in the Global Market for Temperature Management Systems?

Key companies in the Global Market for Temperature Management Systems include 3M Company, Adroit Medical Systems Inc, Attune Medical, Augustine Surgical, Inc., Becton, Dickinson And Company, Belmont Medical Technologies, Biegler GMBH, Drägerwerk AG & CO. KGAA and Encompass group,LLC.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • Biegler GMBH
  • Encompass group,LLC
  • Geratherm Medical AG
  • Medtronic PLC
  • The 37company

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Temperature Management Systems – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Body Temperature – An Important Indicator of Health and Well-Being
  • Global Temperature Management Devices Market Hampered by COVID-19, to Pick up Pace from 2021
  • Patient Warming Systems Dominate, Cooling Systems to Gather Notable Steam
  • General Surgery Holds a Major Share, Cardiology to Show Impressive Growth
  • The US Holds Commanding Position, Asia-Pacific to Exhibit Fastest Growth
  • Product Innovation and Launches Remain Key Strategy for Players

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in Surgical Procedures Calls for Temperature management systems
  • Growth in the Number of Surgeries in the US (2010-2020) (in %)
  • Rapid Increase in Electrosurgery Procedures Fuels Demand for Temperature Management Systems
  • Global Surgical Procedure Volume by Procedure Type (2018)
  • Number of Surgical Procedures (per 100,000 People) in Select Countries
  • Increasing Prevalence of Chronic Disorders Fuels Market Growth
  • Fatalities by Heart Conditions - Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Rising Diabetes Prevalence Presents Opportunity for Cell Surface Markers: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2017 and 2045
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Aging Population: Key Demographic Fueling Demand
  • Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
  • Global Population Statistics for the 65+ Age Group by Select Countries: 2019
  • Life Expectancy at Birth for Select Countries in Number of Years
  • High Incidence of Preterm Births Drives Demand in Neonatal Intensive Care Units
  • Countries with High Rate of Preterm Births Worldwide Country Total Preterm Births
  • Total Preterm Births (in Percentage) in the US: 2010-2018E
  • Increasing Number of Deals among Players Present Growth Avenues
  • Researchers Investigate Optimal Time for Body Cooling to Improve Survival Rate and Outcome in Cardiac Arrest Patients
  • Therapeutic Hypothermia Holds Potential to Ameliorate Seizures in Drug-Resistant Epilepsies
  • Temperature Management Systems Present Effective Approach for Hyperthermia
  • Technological Advancements and Launches
  • Smiths Medical Unveils Level 1® High-Flow Convective Warmer for Temperature Control during Surgeries to Improve Outcomes
  • Wearable Air-Conditioning On-Skin Device to Prevent Exhaustion and Heat Stroke
  • Minco Introduces Self-Limiting Technology Based Thin-Film Heaters
  • Triad Magnetics Introduces Customized Transformers to Use across Fluid Warmers

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Temperature Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 49
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M Company
  • Adroit Medical Systems Inc
  • Attune Medical
  • Augustine Surgical, Inc.
  • Becton, Dickinson And Company
  • Belmont Medical Technologies
  • Biegler GMBH
  • Drägerwerk AG & CO. KGAA
  • Ecolab Inc
  • Encompass group,LLC
  • Enthermics Medical Systems
  • GE Healthcare
  • Gentherm Incorporated
  • Geratherm Medical AG
  • Hirtz & CO. KG.
  • Inspiration Healthcare Group PLC
  • Istanbul Medikal Ltd.
  • Life Recovery Systems HD, LLC
  • Medtronic PLC
  • Smiths Medical, Inc
  • Stryker Corporation
  • The 37company
  • Vyaire Medical Inc
  • Zoll Medical Corporation
Note: Product cover images may vary from those shown