According to our latest research study on “Temperature Management Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, Medical Indication,” the market is projected to reach US$ 3,343.41 million by 2028 from US$ 2,332.93 million in 2021; it is expected to grow at a CAGR of 5.3% from 2021 to 2028. The report highlights trends prevailing in the market and the factors driving and restraining the market growth.
Top Key Players Synopsis as Below- 3M, ZOLL MEDICAL CORPORATION, BD, Smiths Medical, Dragerwerk AG & Co. KGaA, Ecolab, GENTHERM, Geratherm Medical AG, Inspiration Healthcare Group plc, Stryker Corporation and many more.
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Temperature management systems, called as thermal management systems, utilizes heat transfer and thermodynamics to manage the temperature of a system. Temperature management systems aid in regulating and maintaining the normal body temperature of patients in intensive care, resting rooms, OT’s, and other regions of hospitals. These systems are captious for patients in every setting. Temperature management is a type of active treatment for a specific period during recovery when the blood flow to the brain is poor. The factors such as the increasing prevalence of chronic disease and cardiovascular diseases and rising number of surgical procedure drive the growth of the temperature management systems market.
Based on application, the temperature management systems market is segmented into perioperative care, acute care, newborn care, and others. The perioperative care segment held the largest share of the market in 2020, whereas the acute care segment is estimated to register the highest CAGR in the market during the forecast period.
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Cardiovascular diseases (CVDs) are the number one cause of death globally, taking an estimated 17.9 million lives each year. One person dies every 36 seconds in the US due to cardiovascular disease. About 655,000 Americans die from heart disease each year, i.e., one in every four deaths. For example, during open-heart surgery, the lowering of the patient’s body heat is essential. This is achieved through blood cooling, which helps reduce the complications before and after the surgery. On the other hand, patient warming systems are used to treat cancer patients who are undergoing chemotherapy or radiation therapy for effective results. Such staggering prevalence of chronic conditions generates demand for temperature management systems during the forecast period.
By Product
- Patient Warming Systems
- Surface Warming Systems
- Intravascular Warming Systems
- Warming Accessories
- Patient Cooling Systems
- Surface Cooling Systems
- Intravascular Cooling Systems
- Cooling Accessories
By Application
- Perioperative Care
- Acute Care
- Newborn Care
- Others
By Medical Indication
- General Surgery
- Cardiology
- Neurology
- Pediatrics
- Thoracic Surgery
- Orthopedic Surgery
- Others
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