Abstract
Summary
Global Temperature Management Systems Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Temperature management systems are medical devices designed to control and regulate a patient's body temperature. These systems play a crucial role in various medical applications, especially in critical care and surgical settings. The key factors driving the market growth are the rising prevalence of chronic and infectious diseases, the growing number of surgical procedures, and the increasing number of hypothermia cases that are anticipated to support the market growth during the forecast period 2023-2030.
Additionally, the rising prevalence of chronic diseases has significantly contributed to the growth of the Temperature Management Systems Market. Patients with chronic diseases often require surgical interventions. Temperature management systems play a crucial role in the postoperative care of these individuals, helping to manage their body temperature and optimize recovery outcomes. Thus, the rising prevalence of chronic diseases is anticipated to support market growth. According to WHO, in 2020 the number of new pancreas cancer cases in Australia was 3.99 thousand and it is anticipated to reach 4.54 thousand by 2025. Moreover, the increasing development of healthcare infrastructure, and the growing number of contracts and agreements between market players are anticipated to create lucrative opportunities for the market over forecast period. However, the high cost of intravascular temperature management systems stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Temperature Management Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing incidence of various chronic diseases, rising healthcare expenditure, increasing incidence of chronic diseases, and rising number of surgical procedures, including complex surgeries, which can drive the demand for temperature management systems in operating rooms to ensure patient safety. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the growing aging population, increasing healthcare investments, and expansion of the pharmaceutical industry.
Major market player included in this report are:
3M Company
GE Healthcare
Drägerwerk AG & CO. KGAA
Ecolab
Asahi Kasei Corporation
Becton, Dickinson and Company
ICU Medical, Inc.
Gentherm Incorporated
Inspiration Healthcare Group Plc
Medtronic Plc
Recent Developments in the Market:
In July 2022, Gentherm completed the acquisition of Jiangmen Dacheng Medical Equipment Co., Ltd, a leading producer specializing in medical materials and equipment. This includes innovative solutions for patient temperature management.
Global Temperature Management Systems Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Product, Application, Medical Specialty, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Patient Warming Systems
Surface Warming Systems
Connective Warming Systems
Conductive warming systems
Intravascular Warming Systems
Patient Cooling Systems
Surface Cooling Systems
Intravascular Cooling Systems
Accessories for Patient Warming & Cooling Systems
By Application:
Perioperative Care
Operating Rooms
Postoperative Care Units
Preoperative Care Units
Acute Care
Intensive Care Units
Emergency Rooms
Coronary Care Units
Others
By Medical Specialty:
General Surgery
Cardiology
Neurology
Pediatrics
Thoracic Surgery
Orthopedic Surgery
Other Medical Specialties
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Table of Contents
1 Executive Summary
1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1 Temperature Management Systems Market, by Region, 2020-2030 (USD Billion)
1.2.2 Temperature Management Systems Market, by Product, 2020-2030 (USD Billion)
1.2.3 Temperature Management Systems Market, by Application, 2020-2030 (USD Billion)
1.2.4 Temperature Management Systems Market, by Medical Specialty, 2020-2030 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption
2 Global Temperature Management Systems Market Definition and Scope
2.1 Objective of the Study
2.2 Market Definition & Scope
2.2.1 Industry Evolution
2.2.2 Scope of the Study
2.3 Years Considered for the Study
2.4 Currency Conversion Rates
3 Global Temperature Management Systems Market Dynamics
3.1 Temperature Management Systems Market Impact Analysis (2020-2030)
3.1.1 Market Drivers
- 3.1.1.1 Rising prevalence of chronic and infectious diseases
- 3.1.1.2 Growing number of surgical procedures
- 3.1.1.3 Increasing number of hypothermia cases
3.1.2 Market Challenges
- 3.1.2.1 High cost of intravascular temperature management systems
3.1.3 Market Opportunities
- 3.1.3.1 Increasing development of healthcare infrastructure
- 3.1.3.2 Growing number of contracts and agreements between market players
4 Global Temperature Management Systems Market Industry Analysis
4.1 Porter’s 5 Force Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
4.2 Porter’s 5 Force Impact Analysis
4.3 PEST Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.3.5 Environmental
4.3.6 Legal
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 COVID-19 Impact Analysis
4.7 Disruptive Trends
4.8 Industry Expert Perspective
4.9 Analyst Recommendation & Conclusion
5 Global Temperature Management Systems Market, by Product
5.1 Market Snapshot
5.2 Global Temperature Management Systems Market by Product, Performance - Potential Analysis
5.3 Global Temperature Management Systems Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4 Temperature Management Systems Market, Sub Segment Analysis
5.4.1 Patient Warming Systems
5.4.2 Surface Warming Systems
5.4.3 Connective Warming Systems
5.4.4 Conductive warming systems
5.4.5 Intravascular Warming Systems
5.4.6 Patient Cooling Systems
5.4.7 Surface Cooling Systems
5.4.8 Intravascular Cooling Systems
5.4.9 Accessories for Patient Warming & Cooling Systems
6 Global Temperature Management Systems Market, by Application
6.1 Market Snapshot
6.2 Global Temperature Management Systems Market by Application, Performance - Potential Analysis
6.3 Global Temperature Management Systems Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4 Temperature Management Systems Market, Sub Segment Analysis
6.4.1 Perioperative Care
6.4.2 Operating Rooms
6.4.3 Postoperative Care Units
6.4.4 Preoperative Care Units
6.4.5 Acute Care
6.4.6 Intensive Care Units
6.4.7 Emergency Rooms
6.4.8 Coronary Care Units
6.4.9 Others
7 Global Temperature Management Systems Market, by Medical Specialty
7.1 Market Snapshot
7.2 Global Temperature Management Systems Market by Medical Specialty, Performance - Potential Analysis
7.3 Global Temperature Management Systems Market Estimates & Forecasts by Medical Specialty 2020-2030 (USD Billion)
7.4 Temperature Management Systems Market, Sub Segment Analysis
7.4.1 General Surgery
7.4.2 Cardiology
7.4.3 Neurology
7.4.4 Pediatrics
7.4.5 Thoracic Surgery
7.4.6 Orthopedic Surgery
7.4.7 Other Medical Specialties
8 Global Temperature Management Systems Market, Regional Analysis
8.1 Top Leading Countries
8.2 Top Emerging Countries
8.3 Temperature Management Systems Market, Regional Market Snapshot
8.4 North America Temperature Management Systems Market
8.4.1 U.S. Temperature Management Systems Market
- 8.4.1.1 Product breakdown estimates & forecasts, 2020-2030
- 8.4.1.2 Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.3 Medical Specialty breakdown estimates & forecasts, 2020-2030
8.4.2 Canada Temperature Management Systems Market
8.5 Europe Temperature Management Systems Market Snapshot
8.5.1 U.K. Temperature Management Systems Market
8.5.2 Germany Temperature Management Systems Market
8.5.3 France Temperature Management Systems Market
8.5.4 Spain Temperature Management Systems Market
8.5.5 Italy Temperature Management Systems Market
8.5.6 Rest of Europe Temperature Management Systems Market
8.6 Asia-Pacific Temperature Management Systems Market Snapshot
8.6.1 China Temperature Management Systems Market
8.6.2 India Temperature Management Systems Market
8.6.3 Japan Temperature Management Systems Market
8.6.4 Australia Temperature Management Systems Market
8.6.5 South Korea Temperature Management Systems Market
8.6.6 Rest of Asia Pacific Temperature Management Systems Market
8.7 Latin America Temperature Management Systems Market Snapshot
8.7.1 Brazil Temperature Management Systems Market
8.7.2 Mexico Temperature Management Systems Market
8.8 Middle East & Africa Temperature Management Systems Market
8.8.1 Saudi Arabia Temperature Management Systems Market
8.8.2 South Africa Temperature Management Systems Market
8.8.3 Rest of Middle East & Africa Temperature Management Systems Market
9 Competitive Intelligence
9.1 Key Company SWOT Analysis
9.1.1 Company 1
9.1.2 Company 2
9.1.3 Company 3
9.2 Top Market Strategies
9.3 Company Profiles
9.3.1 3M Company
- 9.3.1.1 Key Information
- 9.3.1.2 Overview
- 9.3.1.3 Financial (Subject to Data Availability)
- 9.3.1.4 Product Summary
- 9.3.1.5 Recent Developments
9.3.2 GE Healthcare
9.3.3 Drägerwerk AG & CO. KGAA
9.3.4 Ecolab
9.3.5 Asahi Kasei Corporation
9.3.6 Becton, Dickinson and Company
9.3.7 ICU Medical, Inc
9.3.8 Gentherm Incorporated
9.3.9 Inspiration Healthcare Group Plc
9.3.10 Medtronic Plc
10 Research Process
10.1 Research Process
10.1.1 Data Mining
10.1.2 Analysis
10.1.3 Market Estimation
10.1.4 Validation
10.1.5 Publishing
10.2 Research Attributes
10.3 Research Assumption