According to a new report published by Introspective Market Research, titled, “Temperature Management Systems Market by Product Type (Patient Warming System, Patient Cooling System), Technology (Digital Temperature Monitoring System, Analog Temperature Monitoring System), Medical Conditions (Neurology, Cardiology, Orthopaedics, Other), End-User (Operating Rooms, Coronary Care Units, Neonatal Intensive Care Units, Intensive Care Units, Others), and Region: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the global Temperature Management Systems Market size was valued at $ 2.72 billion in 2023, and is projected to reach $ 4.56 billion by 2032, registering a CAGR of 5.9% from 2023 to 2032. In emergency units, operating rooms, recovery rooms, and other hospital spaces, temperature management systems help regulate and maintain patients' body temperatures. These devices use thermodynamics and heat transfer to regulate patient temperature in any healthcare environment. Growing rates of cardiac arrest and strokes, along with an increase in surgical procedures requiring the administration of anaesthesiass, are driving up demand for temperature management products worldwide. These factors cause a drop-in body temperature and necessitate their use to prevent the development of intraoperative hypothermia.
The increasing number of heart attacks and strokes, as well as the rise in cancer cases that cause body temperature to drop because of the growth of cancer cells, all contribute to the need for these systems. The potential of temperature management systems to save medical expenses and surgical problems further facilitates their adoption. The increasing number of partnerships and agreements among market participants to increase their regional footprints and product portfolios is another significant factor driving the expansion of the market.
It is predicted that wearables will become the new trend in temperature management system sales, as they are rapidly evolving. The heat from power consumption results in low-temperature burns for consumers as well as circuit failures. Researchers are putting forth strategies for managing heat that make use of wearable technology with improved performance. A wearable device is a patch that allows a patient's body temperature to be adjusted according to their preferences. Consequently, it is projected that the market for temperature management systems will rise due to the rising incidence of cardiovascular and chronic illnesses.
Long-term diseases including heart attacks and strokes and neurological disorders like traumatic brain damage have become more common. Numerous studies show that those who suffer cardiac arrests may experience severe neurological deficits. Devices for controlling temperature are widely used to avoid brain damage during cardiac arrests. It is thought that applying modest therapeutic hypothermia will improve neurological outcomes following cardiopulmonary resuscitation. The market for temperature management systems is therefore expected to be driven by the rising prevalence of chronic illnesses.
The temperature management systems market now has plenty of chances because of the growing number of major players collaborating and joining forces. The number of businesses offering temperature control systems has increased over time. The primary companies in the market aim to broaden their product portfolios, distribution channels, and geographical reach through strategic partnerships with both established and emerging players.
Global Temperature Management Systems Market, Segmentation
The Temperature Management Systems Market is segmented based on by Product Type, Technology, Medical Conditions, End-User, and Region
Product Type:
The increased installation of Patient Warming Systems in surgeries will move them to a dominant position. These are used to treat hypothermia, which is a decrease in body temperature that occurs after a certain type of anesthetics is administered. The increase in cardiac procedures is the reason for the segment's expansion in the patient cooling system market. The increasing need for low temperatures to reduce the risk of negative neurologic outcomes and related brain traumas further sustains the expansion of this market.
Medical Conditions:
It is anticipated that throughout the projection period, general surgery would lead the market. Because so many general surgical procedures are conducted worldwide, this segment has the largest share. Digital thermometers make use of thermocouples and thermistors. They are the least expensive, most reliable method, and authentic to a degree of ±0.5°C. While they can detect heat from radiation and take temperature readings from the skin on the forehead and tympanic membrane, infrared monitors are not quite as accurate.
Region:
The temperature management system market is anticipated to be dominated by North America for the duration of the forecast period. The number of surgical procedures, the aging population, the rising rate of cardiac arrests and neurological disorders, the accessibility of novel products, and the presence of major players in the US are all contributing to the growth of the temperature management market in North America.
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
Some of The Leading/Active Market Players Are-
- GE Healthcare (US)
- Attune Medical (US)
- Smith’s Medical (US)
- MedCare Visions GmbH (Germany)
- Becton (US)
- Dickinson and Company (US)
- Drägerwerk (Germany)
- Ecolab (US)
- Belmont Medical Technologies (US)
- Medtronic (Ireland)and Other Active Players
Key Industry Developments
- In July 2023, ZOLL Medical Corporation (US) (a subsidiary of Asahi Kasei) entered into an agreement with BrainCool, a medical device company specializing in temperature management solutions. This agreement was aimed at the exclusive distribution of the BrainCool System/IQool System and the IQool System Pads in the US and key markets in Europe. The companies are working toward expanding distribution to select markets in Asia.
- In July 2022, Gentherm acquired Jiangmen Dacheng Medical Equipment Co., Ltd, a manufacturer of medical materials and medical equipment, including patient temperature management solutions.
Key Findings of the Study
- The rising incidence of cardiac arrest, strokes, and anesthesia-induced surgeries are the main factors driving the demand for temperature control systems. These operations can lower body temperature and require the use of these devices to prevent intraoperative hypothermia.
- To be able to control and maintain patients' body temperatures, temperature management systems are used in a variety of healthcare settings, such as operating rooms, recovery rooms, and other hospital areas.
