General Surgery Segment to Dominate APAC Temperature Management Systems Market during 2021-2028
According to a new market research study on “APAC Temperature Management Systems Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Product, Application, and Medical Indication” is expected to reach US$ 822.14 million by 2028 from US$ 549.40 million in 2021. The market is estimated to grow at a CAGR of 5.9% from 2021 to 2028. The report provides trends prevailing in the APAC temperature management systems market along with the drivers and restraints pertaining to the market growth. Expansion in research & development activities and product launches is the major factor driving the growth of the APAC temperature management systems market. However, issues associated with the high expenditure of products hinder the growth of APAC temperature management systems market.
The market for APAC temperature management systems market is segmented into product, application, medical indication, and country. Based on product, the market is segmented into patient warming systems and patient cooling systems. The patient warming systems segment dominated the market in 2020 and patient cooling systems segment is expected to be the fastest growing during the forecast period. Further patient warming systems has been bifurcated into surface warming systems, intravascular warming systems, and warming accessories. Similarly patient cooling systems is bifurcated into surface cooling systems, intravascular cooling systems, and cooling accessories. Based on application the market is segmented into perioperative care, acute care, newborn care, and others. The perioperative care segment dominated the market in 2020 and acute care segment is expected to be the fastest growing during the forecast period. Based on medical indication the market is segmented into general surgery, cardiology, neurology, pediatrics, thoracic surgery, orthopedic surgery, and others. The general surgery segment dominated the market in 2020 and cardiology segment is expected to be the fastest growing during the forecast period.
Countries in the Asia Pacific are facing increasing incidences of COVID-19. The 2019 novel coronavirus (2019-nCoV), officially named COVID-19 by the WHO, has spread to more than 170 countries, including China prompting the WHO to declare the disease as a global pandemic. Accompanying the catastrophic loss of life that the virus has caused is the impact on the global economy, which has reeled from the effects of the pandemic. The COVID-19 pandemic has critically impacted the region, but it has also provided an opportunity for stakeholders to realign their future path based on strategic intent and focus. However, with the reduction in number of cases since October 2020, medical device companies re-initiated manufacturing of the thermal management systems as the demand for surgical procedures increased. This led to a partial recovery of losses occurred during the pandemic lockdowns. In addition, increasing government support and reimbursement policies for medical devices are expected to support the temperature management systems market. Overall, the COVID-19 pandemic slowed down the rate of growth, however did not completely have a negative impact on market growth.
3M, BD, Dragerwerk AG & Co. KGaA, Ecolab, GENTHERM, Inspiration Healthcare Group plc, Smiths Medical, Stryker Corporation, and ZOLL MEDICAL CORPORATION are among the leading companies in the APAC temperature management systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for APAC temperature management systems market is segmented into product, application, medical indication, and country. Based on product, the market is segmented into patient warming systems and patient cooling systems. The patient warming systems segment dominated the market in 2020 and patient cooling systems segment is expected to be the fastest growing during the forecast period. Further patient warming systems has been bifurcated into surface warming systems, intravascular warming systems, and warming accessories. Similarly patient cooling systems is bifurcated into surface cooling systems, intravascular cooling systems, and cooling accessories. Based on application the market is segmented into perioperative care, acute care, newborn care, and others. The perioperative care segment dominated the market in 2020 and acute care segment is expected to be the fastest growing during the forecast period. Based on medical indication the market is segmented into general surgery, cardiology, neurology, pediatrics, thoracic surgery, orthopedic surgery, and others. The general surgery segment dominated the market in 2020 and cardiology segment is expected to be the fastest growing during the forecast period.
Countries in the Asia Pacific are facing increasing incidences of COVID-19. The 2019 novel coronavirus (2019-nCoV), officially named COVID-19 by the WHO, has spread to more than 170 countries, including China prompting the WHO to declare the disease as a global pandemic. Accompanying the catastrophic loss of life that the virus has caused is the impact on the global economy, which has reeled from the effects of the pandemic. The COVID-19 pandemic has critically impacted the region, but it has also provided an opportunity for stakeholders to realign their future path based on strategic intent and focus. However, with the reduction in number of cases since October 2020, medical device companies re-initiated manufacturing of the thermal management systems as the demand for surgical procedures increased. This led to a partial recovery of losses occurred during the pandemic lockdowns. In addition, increasing government support and reimbursement policies for medical devices are expected to support the temperature management systems market. Overall, the COVID-19 pandemic slowed down the rate of growth, however did not completely have a negative impact on market growth.
3M, BD, Dragerwerk AG & Co. KGaA, Ecolab, GENTHERM, Inspiration Healthcare Group plc, Smiths Medical, Stryker Corporation, and ZOLL MEDICAL CORPORATION are among the leading companies in the APAC temperature management systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the APAC Temperature Management Systems market as follows:
APAC Temperature Management Systems Market - By Product
- Patient Warming Systems
- Surface Warming Systems
- Intravascular Warming Systems
- Warming Accessories
- Patient Cooling Systems
- Surface Cooling Systems
- Intravascular Cooling Systems
- Cooling Accessories
APAC Temperature Management Systems Market - By Application
- Perioperative Care
- Acute Care
- Newborn Care
- Others
APAC Temperature Management Systems Market - By Medical Indication
- General Surgery
- Cardiology
- Neurology
- Pediatrics
- Thoracic Surgery
- Orthopedic Surgery
- Others
APAC Temperature Management Systems Market - By Country
- Japan
- China
- India
- South Korea
- Australia
- Rest of APAC
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Temperature Management Systems market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC Temperature Management Systems market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the Temperature Management Systems market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Frequently Asked Questions about the Asian Pacific Temperature Management Systems Market
What is the estimated value of the Asian Pacific Temperature Management Systems Market?
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| Report Attribute | Details |
|---|---|
| No. of Pages | 170 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 549.4 Million |
| Forecasted Market Value ( USD | $ 822.14 Million |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Asia Pacific |
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Temperature Management Systems Market - Market Landscape
5. APAC Temperature Management Systems Market - Key Market Dynamics
6. Temperature Management Systems Market - APAC Analysis
7. APAC Temperature Management Systems Market Analysis - By Product
8. APAC Temperature Management Systems Market - By Application
9. APAC Temperature Management Systems Market - By Medical Indication
10. APAC Temperature Management Systems Market - Country Analysis
11. Impact of COVID-19 Pandemic on APAC Temperature Management Systems Market
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3M
- BD
- Dragerwerk AG & Co. KGaA
- Ecolab
- GENTHERM
- Inspiration Healthcare Group plc
- Smiths Medical
- Stryker Corporation
- ZOLL MEDICAL CORPORATION
