Abstract
Summary
The global temperature management systems market is projected to reach USD 3.9 Billion by 2028 from USD 3.0 Billion in 2023, at a CAGR of 4.9% during the forecast period. Growth of patient warming systems and patient cooling systems is mainly driven by the, the rising number of surgical procedures, and the increasing number of hypothermia cases. The increased use of surgical procedure is expected to drive the adoption patient warming systems and patient cooling systems by the more number of hospitals.
“The Perioperative Care segment accounted for the highest market share in the application segment market, by application, during the forecast period.”
Based on the application of the segment, the temperature management systems market is categorized as Perioperative care, acute care, newborn care, and other applications. Perioperative care is expected to have the highest growth in the market, which is attributed to the rising prevalence of various chronic diseases like cancer where temperature management systems are used to maintain hypothermia during the operative treatment and. Increasing growth opportunities in emerging economies will drive the Perioperative care.
“The North America segment accounted for the highest market share in temperature management systems market, by region, during the forecast period.”
Based on the region, the global temperature management systems market is categorized into North America, Europe, Asia Pacific, and Rest of the world. North America is expected to witness a high market share during the forecast period due to growth development and awareness of the use of patient warming and cooling systems order to maintain the temperature the patient while any operative or surgical procedure. For instance, In 2022, over 1.87 million surgical procedures were performed in the US. Hypothermia is a common condition observed in surgical procedures due to the usage of anesthesia. Mild hypothermia is extremely common during anesthesia and surgery. Mild, treatable cases of hypothermia are more common, especially among groups of people who are at risk. In the United States, between 700 and 1,500 people die every year from hypothermia. This necessitates the use of surface and intravascular warming devices; as a result, the increasing volume of surgical procedures is expected to impact the temperature management systems market in the North America region.
Breakdown of supply-side primary interviews by company type, designation, and region:
• By Company Type: Tier 1 (30%), Tier 2 (44%), and Tier 3 (26%)
• By Designation: C-level (30%), Director-level (33%), and Others (37%)
• By Region: North America (40%), Europe (28%), Asia-Pacific (18%), RoW- (14%),
Prominent companies include 3M Company (US), GE Healthcare (US), Dragerwerk AG & Co. KGAA (Germany), Ecolab (US), Asahi-Kasei Corporation (Japan), Becton, Dickinson and Company (US), ICU Medical (US), Gentherm Incorporated (US), Inspiration Healthcare Group PLC (UK), Medtronic PLC (Ireland), Stryker Corporation (US), The Surgical Company (Netherlands), Adroit Medical Systems (US), Attune Medical (US), Augustine Surgical, Inc (US), Belmont Medical Technologies (US), Biegler GMBH (Austria), Encompass Group, llc (US), Enthermics, INC (US), Hirtz & Co. KG (Germany), Istanbul Medikal ltd. (Istanbul), Life Recovery Systems (US), Medcare Visions (Germany), TahatAksi (Belarus) and Beijing Eternal Medical Technology Co., Ltd (China).
Research Coverage
This research report categorizes the temperature management systems market which is segmented into product used for temperature management and the applications of those products along with the medical speciality segment use in the hospital. The product used for the temperature management is divided into three types Patient Warming Systems i.e. Surface Warming Systems and Intravascular Warming Systems, Patient Cooling Systems i.e. Surface Cooling Systems and Intravascular Cooling Systems and Accessories and Patient warming/cooling systems. The Application segment the classised as the Perioperative Care, Acute Care, Newborn Care and Other applications. Medical specialty segment is classified as General Surgery, Cardiology, Neurology, Pediatrics, Thoracic Surgery, Orthopedic Surgery and Other Medical Specialities, and regional segment is divided as the North America, Europe, Asia Pacific and Rest of world. The scope of the report covers detailed information regarding the major factors like market dynamics such as drivers, restraints, challenges, and opportunities which is influencing the growth of the temperature management systems market. A detailed analysis of the key industry players has been also the companies new launches, developments, mergers and acquisitions associated with the temperature management systems market has been covered. Competitive analysis of upcoming startups in the temperature management systems market ecosystem is covered in this report.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall temperature management systems market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Increasing prevalence of chronic and infectious diseases, rising number of surgical procedures and Increasing number of hypothermia cases), restraints (High cost of intravascular temperature management systems, Lack of awareness regarding temperature management systems in developing countries and Lack of proper supply chain management) opportunities (Increasing growth opportunities in emerging markets, Growing number of contracts and agreements between market players and Developing healthcare infrastructure) and Challenges (Product recalls and Lack of skilled healthcare professionals) are influencing the growth of the temperature management systems market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the temperature management systems market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the temperature management systems market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the temperature management systems market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, among others, in the temperature management systems market strategies.
Table of Contents
1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.2.1 INCLUSIONS AND EXCLUSIONS OF STUDY 33
1.3 MARKET SCOPE 34
1.3.1 MARKETS COVERED 34
1.3.2 YEARS CONSIDERED 35
1.4 CURRENCY 35
1.5 STAKEHOLDERS 35
1.6 LIMITATIONS 36
1.7 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
2.1.1 SECONDARY DATA 38
- 2.1.1.1 Secondary sources 38
2.1.2 PRIMARY DATA 39
- 2.1.2.1 Key data from primary sources 40
- 2.1.2.2 Key industry insights 41
- 2.1.2.3 Breakdown of primary interviews 42
2.2 MARKET SIZE ESTIMATION 42
2.2.1 APPROACH 1: COMPANY REVENUE ESTIMATION APPROACH 42
2.2.2 APPROACH 2: NUMBER OF TEMPERATURE MANAGEMENT SYSTEMS 43
2.2.3 APPROACH 3: PRESENTATIONS OF COMPANIES AND PRIMARY INTERVIEWS 44
2.2.4 APPROACH 4: PRIMARY INTERVIEWS 44
2.3 GROWTH FORECAST 44
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 46
2.5 MARKET SHARE ANALYSIS 47
2.6 MARKET ASSUMPTIONS 47
2.7 RISK ASSESSMENT 47
2.8 RECESSION IMPACT ON TEMPERATURE MANAGEMENT SYSTEMS MARKET 48
3 EXECUTIVE SUMMARY 49
4 PREMIUM INSIGHTS 52
4.1 TEMPERATURE MANAGEMENT SYSTEMS MARKET OVERVIEW 52
4.2 NORTH AMERICA: TEMPERATURE MANAGEMENT SYSTEMS MARKET, BY PRODUCT AND COUNTRY, 2022 53
4.3 TEMPERATURE MANAGEMENT SYSTEMS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 56
5.2.1 DRIVERS 56
- 5.2.1.1 Increasing prevalence of chronic and infectious diseases 56
- 5.2.1.2 Rising number of surgical procedures 57
- 5.2.1.3 Increasing number of hypothermia cases 57
5.2.2 RESTRAINTS 58
- 5.2.2.1 High cost of intravascular temperature management systems 58
- 5.2.2.2 Lack of awareness regarding temperature management systems in developing countries 59
- 5.2.2.3 Lack of proper supply chain management 59
5.2.3 OPPORTUNITIES 59
- 5.2.3.1 Increasing growth opportunities in emerging economies 59
- 5.2.3.2 Growing number of contracts and agreements between market players 60
- 5.2.3.3 Developing healthcare infrastructure 61
5.2.4 CHALLENGES 61
- 5.2.4.1 Product recalls 61
- 5.2.4.2 Lack of skilled healthcare professionals 62
5.3 VALUE CHAIN ANALYSIS 62
5.4 SUPPLY CHAIN ANALYSIS 64
5.5 PORTER’S FIVE FORCES ANALYSIS 65
5.5.1 INTENSITY OF COMPETITIVE RIVALRY 65
5.5.2 BARGAINING POWER OF SUPPLIERS 65
5.5.3 BARGAINING POWER OF BUYERS 65
5.5.4 THREAT OF SUBSTITUTES 65
5.5.5 THREAT OF NEW ENTRANTS 66
5.6 REGULATORY ANALYSIS 66
5.6.1 NORTH AMERICA 67
- 5.6.1.1 US 67
- 5.6.1.2 Canada 68
5.6.2 EUROPE 68
5.6.3 ASIA PACIFIC 69
- 5.6.3.1 Japan 69
- 5.6.3.2 China 70
- 5.6.3.3 India 71
5.7 TRADE ANALYSIS 71
5.7.1 TRADE ANALYSIS FOR TEMPERATURE MANAGEMENT SYSTEMS 71
5.8 TECHNOLOGY ANALYSIS 72
5.9 ECOSYSTEM ANALYSIS 73
5.9.1 ROLE IN ECOSYSTEM 74
5.10 PATENT ANALYSIS 75
5.11 KEY CONFERENCES AND EVENTS IN 2023-2024 76
5.12 PRICING ANALYSIS 77
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 78
5.13.1 REVENUE SHIFT & REVENUE POCKETS FOR TEMPERATURE MANAGEMENT SYSTEM MANUFACTURERS 78
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 79
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
5.14.2 BUYING CRITERIA 80
6 TEMPERATURE MANAGEMENT SYSTEMS MARKET, BY PRODUCT 81
6.1 INTRODUCTION 82
6.2 PATIENT WARMING SYSTEMS 82
6.2.1 SURFACE WARMING SYSTEMS 83
- 6.2.1.1 Convective warming systems 84
- 6.2.1.1.1 Rising adoption among hospitals to drive market 84
- 6.2.1.2 Conductive warming systems 85
- 6.2.1.2.1 Safe, inexpensive, and effective method for warming patients during perioperative procedures 85
- 6.2.1.1 Convective warming systems 84
6.2.2 INTRAVASCULAR WARMING SYSTEMS 85
- 6.2.2.1 Technological advancements to aid market growth 85
6.3 PATIENT COOLING SYSTEMS 86
6.3.1 SURFACE COOLING SYSTEMS 87
- 6.3.1.1 Risk of skin lesions and burns to limit market growth 87
6.3.2 INTRAVASCULAR COOLING SYSTEMS 88
- 6.3.2.1 Increased precision in smaller temperature ranges to drive adoption 88
6.4 ACCESSORIES AND PATIENT WARMING & COOLING SYSTEMS 89
6.4.1 INCREASING DEMAND FOR ACCESSORIES FOR PATIENT WARMING & COOLING SYSTEMS TO DRIVE GROWTH 89
7 TEMPERATURE MANAGEMENT SYSTEMS MARKET, BY APPLICATION 90
7.1 INTRODUCTION 91
7.2 PERIOPERATIVE CARE 91
7.2.1 OPERATING ROOMS 92
- 7.2.1.1 Increasing number of surgical procedures to drive demand 92
7.2.2 POSTOPERATIVE CARE UNITS 93
- 7.2.2.1 Need to monitor hypothermia in surgical patients to support market growth 93
7.2.3 PREOPERATIVE CARE UNITS 94
- 7.2.3.1 Prewarming in preoperative care fails to eliminate initial fall in body temperature 94
7.3 ACUTE CARE 95
7.3.1 INTENSIVE CARE UNITS 96
- 7.3.1.1 Growing prevalence of life-threatening diseases to drive market 96
7.3.2 EMERGENCY ROOMS 96
- 7.3.2.1 Rising number of ER visits to drive growth 96
7.3.3 CORONARY CARE UNITS 97
- 7.3.3.1 Risks associated with use of intravascular temperature management to hamper market growth 97
7.3.4 BURN CENTERS 98
- 7.3.4.1 Severe effects of hypothermia on burn victims necessitate temperature management measures 98
7.3.5 NEUROLOGICAL CARE UNITS 99
- 7.3.5.1 Growing prevalence of Alzheimer’s, stroke, and other neurological diseases to drive market 99
7.3.6 CATH LABS 99
- 7.3.6.1 High incidence of cardiac arrests to support demand for temperature management 99
7.4 NEWBORN CARE 100
7.4.1 DELIVERY SUITES 101
- 7.4.1.1 High birth rate in developing regions to support market growth 101
7.4.2 NEONATAL INTENSIVE CARE UNITS 102
- 7.4.2.1 High neonatal death rates increased demand for temperature management systems 102
7.4.3 POSTNATAL WARDS 103
- 7.4.3.1 Increasing recommendations for postnatal care to support market growth 103
7.5 OTHER APPLICATIONS 103
8 TEMPERATURE MANAGEMENT SYSTEMS MARKET, BY MEDICAL SPECIALTY 104
8.1 INTRODUCTION 105
8.2 GENERAL SURGERY 105
8.2.1 LARGE NUMBER OF GENERAL SURGERIES PERFORMED TO DRIVE MARKET 105
8.3 CARDIOLOGY 106
8.3.1 HIGH INCIDENCE OF CARDIAC ARRESTS TO PROPEL MARKET 106
8.4 NEUROLOGY 107
8.4.1 INCREASING INCIDENCE OF TRAUMATIC BRAIN INJURY, STROKE, AND TUMOR TO SUPPORT MARKET GROWTH 107
8.5 PEDIATRICS 108
8.5.1 INCREASING FOCUS ON REDUCING INFANT MORTALITY TO SUPPORT MARKET GROWTH 108
8.6 THORACIC SURGERY 109
8.6.1 INCREASING PREVALENCE OF LUNG DISEASES TO DRIVE ADOPTION 109
8.7 ORTHOPEDIC SURGERY 110
8.7.1 GROWING NUMBER OF KNEE AND HIP REPLACEMENT PROCEDURES TO PROPEL MARKET 110
8.8 OTHER MEDICAL SPECIALTIES 111
9 TEMPERATURE MANAGEMENT SYSTEMS MARKET, BY REGION 112
9.1 INTRODUCTION 113
9.2 NORTH AMERICA 113
9.2.1 US 118
- 9.2.1.1 Large volume of surgical procedures to support market growth 118
9.2.2 CANADA 123
- 9.2.2.1 Increasing incidence of various chronic diseases to drive market 123
9.3 EUROPE 127
9.3.1 GERMANY 131
- 9.3.1.1 High demand for patient warming devices for perioperative care to drive market 131
9.3.2 UK 135
- 9.3.2.1 Large number of inpatient surgical procedures to drive market 135
9.3.3 FRANCE 139
- 9.3.3.1 Strong healthcare system to support market growth 139
9.3.4 REST OF EUROPE 143
9.4 ASIA PACIFIC 147
9.4.1 CHINA 152
- 9.4.1.1 Increasing disposable income of middle-class population to support market growth 152
9.4.2 JAPAN 156
- 9.4.2.1 Rapidly increasing geriatric population to drive market 156
9.4.3 INDIA 160
- 9.4.3.1 Growing target patient population to support market growth 160
9.4.4 REST OF ASIA PACIFIC 164
9.5 REST OF THE WORLD 168
10 COMPETITIVE LANDSCAPE 173
10.1 OVERVIEW 173
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 173
10.3 REVENUE SHARE ANALYSIS 175
10.4 MARKET SHARE ANALYSIS 176
10.5 COMPANY EVALUATION MATRIX 177
10.5.1 STARS 178
10.5.2 EMERGING LEADERS 178
10.5.3 PERVASIVE PLAYERS 178
10.5.4 PARTICIPANTS 178
10.6 SME/STARTUP EVALUATION MATRIX 179
10.6.1 PROGRESSIVE COMPANIES 179
10.6.2 RESPONSIVE COMPANIES 180
10.6.3 DYNAMIC COMPANIES 180
10.6.4 STARTING BLOCKS 180
10.7 COMPETITIVE BENCHMARKING 181
10.8 COMPANY FOOTPRINT 182
10.9 COMPETITIVE SCENARIO 185
10.9.1 PRODUCT LAUNCHES 185
10.9.2 DEALS 185
10.9.3 OTHER DEVELOPMENTS 187
11 COMPANY PROFILES 188
11.1 KEY PLAYERS 188
11.1.1 3M COMPANY 188
11.1.2 GE HEALTHCARE 193
11.1.3 DRÄGERWERK AG & CO. KGAA 196
11.1.4 ECOLAB 199
11.1.5 ASAHI KASEI CORPORATION (ZOLL MEDICAL CORPORATION) 202
11.1.6 BECTON, DICKINSON AND COMPANY 205
11.1.7 ICU MEDICAL, INC 207
11.1.8 GENTHERM INCORPORATED 210
11.1.9 INSPIRATION HEALTHCARE GROUP PLC 213
11.1.10 MEDTRONIC PLC 216
11.1.11 STRYKER CORPORATION 218
11.1.12 THE SURGICAL COMPANY 220
11.2 OTHER PLAYERS 222
11.2.1 ADROIT MEDICAL SYSTEMS 222
11.2.2 ATTUNE MEDICAL 223
11.2.3 AUGUSTINE SURGICAL, INC 224
11.2.4 BELMONT MEDICAL TECHNOLOGIES 225
11.2.5 BIEGLER GMBH 226
11.2.6 ENCOMPASS GROUP, LLC 226
11.2.7 ENTHERMICS, INC 227
11.2.8 HIRTZ & CO. KG 227
11.2.9 ISTANBUL MEDIKAL LTD 228
11.2.10 LIFE RECOVERY SYSTEMS 229
11.2.11 MEDCARE VISIONS GMBH 230
11.2.12 TAHATAKSI ALC 231
11.2.13 BEIJING ETERNAL MEDICAL TECHNOLOGY CO., LTD 232
12 APPENDIX 233
12.1 DISCUSSION GUIDE 233
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 238
12.3 CUSTOMIZATION OPTIONS 240
12.4 RELATED REPORTS 240
12.5 AUTHOR DETAILS 241