Global Temperature Management Systems Market Overview
The global Temperature Management Systems Market size was valued at USD 2.72 billion in 2023 and is projected to reach USD 4.56 billion by 2032, registering a CAGR of 5.9% from 2023 to 2032.
Temperature management systems assist in controlling and maintaining patients` body temperature in intensive care units, operation theatres, recovery rooms, and other hospital areas. These systems usages heat transfer and thermodynamics to control the temperature of patients in every hospital setting. The increase in the global market is being accelerated by growing cases of strokes and cardiac arrest coupled with the rising number of surgical interventions that rely on anesthesia administration, which results in a drop in body temperature and requires the usage of temperature management solutions to defense the development of intraoperative hypothermia. The demand for these systems is also stimulated by the growing incidence of cardiac conditions and strokes along with increasing cases of cancer that result in lower body temperature due to the increase of cancer cells. The adoption of temperature management systems is also enabled by their ability to decrease treatment costs and surgical complications. Another prominent factor that is turning the market growth is the rising number of agreements and contracts among market participants to strengthen their regional footprints and product portfolios.
Market Dynamics For Global Temperature Management Systems Market
Drivers:
Wearables are evolving significantly and are anticipated to be the new trend in the temperature management system market. Heat due to power utilization causes both circuit malfunctions and low-temperature burns to users. Hence, researchers are proposing thermal management methods utilizing wearable devices with higher performance. A wearable device is a patch that controls the temperature of the patient's body as per the wearer's preference. Therefore, the growing prevalence of chronic disease and cardiovascular diseases is anticipated to turn the demand for temperature management systems market.
Worldwide, there has been growth in the incidence of chronic conditions, such as cardiac arrests, strokes, and neurological diseases such as traumatic brain injury. Various research studies determine that survivors of cardiac arrests can suffer from shattering neurological impairments. Temperature management devices are extensively utilized in the prevention of neurological damage after cardiac arrests. The application of mild therapeutic hypothermia is considered to enhance neurological outcomes after cardiopulmonary resuscitation. Therefore, the growing incidence of chronic diseases is anticipated to drive the demand for the temperature management systems market.
Restraints:
The excessive cost of intravascular temperature management systems is the major restraining factor for the temperature management systems market. Intravascular temperature management systems offer rapid, safe, effective management of the core body temperature of patients. Nevertheless, the cost of these systems and accessories is remarkably higher than that of noninvasive systems and accessories. This can hinder the market growth of the temperature management systems market.
Opportunities:
An increasing number of collaboration and accession between key players has created lucrative opportunities for the temperature management systems market. Over the years, the number of companies providing temperature management systems has raised globally. The key players are targeting expanding their product offerings, distribution networks, and geographic presence by entering into agreements with other established and developing players in the market. For example, in February 2017, Advanced Cooling Therapy (Formally known as Attune Medical) (US) accepted an innovative technology contract from Vizient, Inc. (US) for its oesophageal cooling device.
Market Segmentation
Segmentation Analysis of Global Temperature Management Systems Market:
Based on Product Type, Patient Warming Systems segments are expected to dominate position owing to growing adoption in surgeries. These systems are utilized to manage hypothermia or drop in body temperature following administration of specific anesthesia. Expansion in the Patient Cooling System segment is attributed to the rising number of cardiac surgeries. The segment`s growth is also maintained by the rising requirement for the low temperature to eliminate the risk of adverse neurologic outcomes and associated brain injuries.
Based on Application, the perioperative care segment was recorded for the maximum share of the temperature management market. Perioperative care refers to the care given to patients before and after a particular surgery. The rising number of surgical procedures performed globally is the major factor turning the growth of this application segment. In addition, technological developments, product development and introductions, and rising collaborations between key market players and hospitals are also stimulating market growth.
Based on Medical Indication, general surgery is expected to dominate the market during the forecast period. The maximum share of this segment can primarily be attributed to the large number of general surgery procedures performed globally. Electronic thermometers use thermistors and thermocouples. They are sufficiently authentic (±0.5°C), inexpensive, and most dependable modality. Infrared monitors determine heat given off by radiation and can measure temperature from the tympanic membrane and forehead skin but are less reliable.
Regional Analysis of Global Temperature Management Systems Market:
The North American region is expected to dominate the temperature management system market during the forecast period. Factors such as the large volume of surgical procedures, increase in the geriatric population, growing incidence of cardiac arrests and neurological disorders, availability of technologically advanced products, and the presence of key players in the US are turning the growth of the temperature management market in North America. For example, in the United States, the number of cases has been raised to 34,227,237 with 612,701 deaths reported. In addition, Mexico and Canada cases are also rising. Owing to coronavirus spreading, many cities are shutting down causing treatments and doctor's appointment cancellations. Patients with serious health conditions, such as Cardiovascular, Musculoskeletal, OB and GYN, General Surgery, Vascular need physical distancing with others, nevertheless, delays in such chronic disease treatments are damaging. Hence, although there has been an interruption in producing and supply chain models of the manufacturing companies, the growing demand for temperature management systems led to spur in the market growth.
Asia Pacific region is expected to register a significant demand for the temperature management systems market. This is primarily attributed to the rising demand for aesthetic and medical surgeries, growing incidence of cardiac arrests and CNS disorders, government efforts to grow access to elective surgeries, and boosting healthcare infrastructures are the key factors aiding the growth of the Asia Pacific temperature management system market.
In South America, economies such as Brazil, Argentina, Colombia, and others were poorly affected by the COVID-19 pandemic. Even though, the supply chains were revived by the end of 2020 once the COVID cases declined in various parts of the region. These factors, therefore, motivated the growth of the temperature management systems market in the region. Furthermore, growing government support and reimbursement policies for medical devices are anticipated to support the temperature management systems market.
Europe is considered as the significant temperature management systems market growth during the forecast period and is expected to hold lucrative growth opportunities in the upcoming years.
Players Covered in Temperature Management Systems Market are:
- Medtronic (Ireland)
- Attune Medical (US)
- Smiths Medical (US)
- MedCare Visions GmbH (Germany)
- Becton (US)
- Dickinson and Company (US)
- Drägerwerk (Germany)
- Ecolab (US)
- Belmont Medical Technologies (US)
- GE Healthcare (US)
- Gentherm (US)
- Augustine Surgical (US)
- Geratherm Medical (Germany)
- Inspiration Healthcare (UK)
- 3M Company (US)
- The Surgical Company (Netherlands)
- Adroit Medical Systems (US)
- Vyaire Medical Inc. (the US)
- Biegler GmbH (Germany)
- ZOLL Medical (US)
- Encompass Group (US)
- Enthermics (US)
- Hirtz & Co. KG (Germany)
- Istanbul Medikal Ltd (Istanbul)
- Life Recovery Systems (US)
- Stryker Corporation (US) and other Major Players.
Key Industry Developments In Global Temperature Management Systems Market
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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.
Global Temperature Management Systems Market |
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Base Year: |
2023 |
Forecast Period: |
2023-2032 |
Historical Data: |
2016 to 2023 |
Market Size in 2023: |
USD 2.72 Bn. |
Forecast Period 2022-28 CAGR: |
5.9% |
Market Size in 2032: |
USD 4.56 Bn. |
Segments Covered: |
By Product Type |
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By Technology |
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By Medical Conditions |
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By End Users |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product Type
3.2 By Technology
3.3 By Medical Conditions
3.4 By End User
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Temperature Management Systems Market by Product Type
5.1 Temperature Management Systems Market Overview Snapshot and Growth Engine
5.2 Temperature Management Systems Market Overview
5.3 Patient Warming System
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Patient Warming System: Grographic Segmentation
5.4 Patient Cooling System
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Patient Cooling System: Grographic Segmentation
Chapter 6: Temperature Management Systems Market by Technology
6.1 Temperature Management Systems Market Overview Snapshot and Growth Engine
6.2 Temperature Management Systems Market Overview
6.3 Digital Temperature Monitoring System
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Digital Temperature Monitoring System: Grographic Segmentation
6.4 Analog Temperature Monitoring System
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Analog Temperature Monitoring System: Grographic Segmentation
Chapter 7: Temperature Management Systems Market by Medical Conditions
7.1 Temperature Management Systems Market Overview Snapshot and Growth Engine
7.2 Temperature Management Systems Market Overview
7.3 Neurology
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Neurology: Grographic Segmentation
7.4 Cardiology
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Cardiology: Grographic Segmentation
7.5 Orthopaedics
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Orthopaedics: Grographic Segmentation
7.6 Other
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2016-2028F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Other: Grographic Segmentation
Chapter 8: Temperature Management Systems Market by End User
8.1 Temperature Management Systems Market Overview Snapshot and Growth Engine
8.2 Temperature Management Systems Market Overview
8.3 Operating Rooms
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2016-2028F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Operating Rooms: Grographic Segmentation
8.4 Coronary Care Units
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2016-2028F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Coronary Care Units: Grographic Segmentation
8.5 Neonatal Intensive Care Units
8.5.1 Introduction and Market Overview
8.5.2 Historic and Forecasted Market Size (2016-2028F)
8.5.3 Key Market Trends, Growth Factors and Opportunities
8.5.4 Neonatal Intensive Care Units: Grographic Segmentation
8.6 Intensive Care Units
8.6.1 Introduction and Market Overview
8.6.2 Historic and Forecasted Market Size (2016-2028F)
8.6.3 Key Market Trends, Growth Factors and Opportunities
8.6.4 Intensive Care Units: Grographic Segmentation
8.7 Others
8.7.1 Introduction and Market Overview
8.7.2 Historic and Forecasted Market Size (2016-2028F)
8.7.3 Key Market Trends, Growth Factors and Opportunities
8.7.4 Others: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Positioning
9.1.2 Temperature Management Systems Sales and Market Share By Players
9.1.3 Industry BCG Matrix
9.1.4 Ansoff Matrix
9.1.5 Temperature Management Systems Industry Concentration Ratio (CR5 and HHI)
9.1.6 Top 5 Temperature Management Systems Players Market Share
9.1.7 Mergers and Acquisitions
9.1.8 Business Strategies By Top Players
9.2 MEDTRONIC
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Operating Business Segments
9.2.5 Product Portfolio
9.2.6 Business Performance
9.2.7 Key Strategic Moves and Recent Developments
9.2.8 SWOT Analysis
9.3 ATTUNE MEDICAL
9.4 SMITHS MEDICAL
9.5 MEDCARE VISIONS GMBH
9.6 BECTON
9.7 DICKINSON AND COMPANY
9.8 DRÄGERWERK
9.9 ECOLAB
9.10 BELMONT MEDICAL TECHNOLOGIES
9.11 GE HEALTHCARE
9.12 GENTHERM
9.13 AUGUSTINE SURGICAL
9.14 GERATHERM MEDICAL
9.15 INSPIRATION HEALTHCARE
9.16 3M COMPANY
9.17 THE SURGICAL COMPANY
9.18 ADROIT MEDICAL SYSTEMS
9.19 VYAIRE MEDICAL INC.
9.20 BIEGLER GMBH
9.21 ZOLL MEDICAL
9.22 ENCOMPASS GROUP
9.23 ENTHERMICS
9.24 HIRTZ & CO. KG
9.25 ISTANBUL MEDIKAL LTD
9.26 LIFE RECOVERY SYSTEMS
9.27 STRYKER CORPORATION
9.28 OTHER MAJOR PLAYERS
Chapter 10: Global Temperature Management Systems Market Analysis, Insights and Forecast, 2016-2028
10.1 Market Overview
10.2 Historic and Forecasted Market Size By Product Type
10.2.1 Patient Warming System
10.2.2 Patient Cooling System
10.3 Historic and Forecasted Market Size By Technology
10.3.1 Digital Temperature Monitoring System
10.3.2 Analog Temperature Monitoring System
10.4 Historic and Forecasted Market Size By Medical Conditions
10.4.1 Neurology
10.4.2 Cardiology
10.4.3 Orthopaedics
10.4.4 Other
10.5 Historic and Forecasted Market Size By End User
10.5.1 Operating Rooms
10.5.2 Coronary Care Units
10.5.3 Neonatal Intensive Care Units
10.5.4 Intensive Care Units
10.5.5 Others
Chapter 11: North America Temperature Management Systems Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Product Type
11.4.1 Patient Warming System
11.4.2 Patient Cooling System
11.5 Historic and Forecasted Market Size By Technology
11.5.1 Digital Temperature Monitoring System
11.5.2 Analog Temperature Monitoring System
11.6 Historic and Forecasted Market Size By Medical Conditions
11.6.1 Neurology
11.6.2 Cardiology
11.6.3 Orthopaedics
11.6.4 Other
11.7 Historic and Forecasted Market Size By End User
11.7.1 Operating Rooms
11.7.2 Coronary Care Units
11.7.3 Neonatal Intensive Care Units
11.7.4 Intensive Care Units
11.7.5 Others
11.8 Historic and Forecast Market Size by Country
11.8.1 U.S.
11.8.2 Canada
11.8.3 Mexico
Chapter 12: Europe Temperature Management Systems Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Product Type
12.4.1 Patient Warming System
12.4.2 Patient Cooling System
12.5 Historic and Forecasted Market Size By Technology
12.5.1 Digital Temperature Monitoring System
12.5.2 Analog Temperature Monitoring System
12.6 Historic and Forecasted Market Size By Medical Conditions
12.6.1 Neurology
12.6.2 Cardiology
12.6.3 Orthopaedics
12.6.4 Other
12.7 Historic and Forecasted Market Size By End User
12.7.1 Operating Rooms
12.7.2 Coronary Care Units
12.7.3 Neonatal Intensive Care Units
12.7.4 Intensive Care Units
12.7.5 Others
12.8 Historic and Forecast Market Size by Country
12.8.1 Germany
12.8.2 U.K.
12.8.3 France
12.8.4 Italy
12.8.5 Russia
12.8.6 Spain
12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Temperature Management Systems Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Product Type
13.4.1 Patient Warming System
13.4.2 Patient Cooling System
13.5 Historic and Forecasted Market Size By Technology
13.5.1 Digital Temperature Monitoring System
13.5.2 Analog Temperature Monitoring System
13.6 Historic and Forecasted Market Size By Medical Conditions
13.6.1 Neurology
13.6.2 Cardiology
13.6.3 Orthopaedics
13.6.4 Other
13.7 Historic and Forecasted Market Size By End User
13.7.1 Operating Rooms
13.7.2 Coronary Care Units
13.7.3 Neonatal Intensive Care Units
13.7.4 Intensive Care Units
13.7.5 Others
13.8 Historic and Forecast Market Size by Country
13.8.1 China
13.8.2 India
13.8.3 Japan
13.8.4 Singapore
13.8.5 Australia
13.8.6 New Zealand
13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Temperature Management Systems Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Product Type
14.4.1 Patient Warming System
14.4.2 Patient Cooling System
14.5 Historic and Forecasted Market Size By Technology
14.5.1 Digital Temperature Monitoring System
14.5.2 Analog Temperature Monitoring System
14.6 Historic and Forecasted Market Size By Medical Conditions
14.6.1 Neurology
14.6.2 Cardiology
14.6.3 Orthopaedics
14.6.4 Other
14.7 Historic and Forecasted Market Size By End User
14.7.1 Operating Rooms
14.7.2 Coronary Care Units
14.7.3 Neonatal Intensive Care Units
14.7.4 Intensive Care Units
14.7.5 Others
14.8 Historic and Forecast Market Size by Country
14.8.1 Turkey
14.8.2 Saudi Arabia
14.8.3 Iran
14.8.4 UAE
14.8.5 Africa
14.8.6 Rest of MEA
Chapter 15: South America Temperature Management Systems Market Analysis, Insights and Forecast, 2016-2028
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Product Type
15.4.1 Patient Warming System
15.4.2 Patient Cooling System
15.5 Historic and Forecasted Market Size By Technology
15.5.1 Digital Temperature Monitoring System
15.5.2 Analog Temperature Monitoring System
15.6 Historic and Forecasted Market Size By Medical Conditions
15.6.1 Neurology
15.6.2 Cardiology
15.6.3 Orthopaedics
15.6.4 Other
15.7 Historic and Forecasted Market Size By End User
15.7.1 Operating Rooms
15.7.2 Coronary Care Units
15.7.3 Neonatal Intensive Care Units
15.7.4 Intensive Care Units
15.7.5 Others
15.8 Historic and Forecast Market Size by Country
15.8.1 Brazil
15.8.2 Argentina
15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Temperature Management Systems Market |
|||
Base Year: |
2023 |
Forecast Period: |
2023-2032 |
Historical Data: |
2016 to 2023 |
Market Size in 2023: |
USD 2.72 Bn. |
Forecast Period 2022-28 CAGR: |
5.9% |
Market Size in 2032: |
USD 4.56 Bn. |
Segments Covered: |
By Product Type |
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|
By Technology |
|
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By Medical Conditions |
|
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By End Users |
|
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By Region |
|
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Key Market Drivers: |
|
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Key Market Restraints: |
|
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Key Opportunities: |
|
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Temperature Management Systems Market research report is 2024-2032.
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., and other major players.
The Temperature Management Systems Market is segmented into Product Type, Technology, Medical Conditions, End Users, and region. By Product Type, the market is categorized into Patient Warming systems, Patient Cooling Systems. By Technology the market is categorized into Digital Temperature Monitoring systems, Analog Temperature Monitoring systems. By Medical Conditions, the market is categorized into Neurology, Cardiology, Orthopaedics, and Others. By End-User the market is categorized into Operating Rooms, Coronary Care Units, Neonatal Intensive Care Units, Intensive Care Units, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Temperature management systems assist in controlling and maintaining patients` body temperature in intensive care units, operation theatres, recovery rooms, and other hospital areas. These systems use heat transfer and thermodynamics to control the temperature of patients in every hospital setting.
The global Temperature Management Systems Market size was valued at USD 2.72 billion in 2023 and is projected to reach USD 4.56 billion by 2032, registering a CAGR of 5.9% from 2023 to 2032.