Global Temperature Management Systems Market Report
Global Temperature Management Systems Market, By Product Type (Patient Warming Systems and Patient Cooling Systems), By Application (Cardiology, Orthopedics, Neurology, and Others), By End-User (Operating Rooms, Intensive Care Units, Emergency Rooms, and Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: July 2021
- Report ID: bwc21408
- Available Format: PDF
- Page: 154
Report Overview
Global Temperature Management Systems Market- Industry
Trends & Forecast Report 2027
The global temperature management systems market was worth USD 3.5 billion in 2020 and is further projected to reach USD 5.2 billion by the year 2027, growing at a CAGR of 6.4% in the forecast period (2021-2027). The anticipated growth in revenue can be attributed to rising cases of chronic diseases, along with the expanding demand for surgical procedures across the globe. Furthermore, with new market participants offering a diverse range of products, the global temperature management systems market is likely to grow further during the forecast period.
Source:
BlueWeave Consulting
Global Temperature Management Systems Market- Overview
Temperature management
devices are instruments or tools which are used to manage and regulate human
body temperature. A person's body temperature is a reliable indicator of his or
her physical well-being. Temperature monitoring is important in healthcare
settings as it affects various physiological parameters in patients. Thus,
temperature monitoring devices are mainly used inside recovery rooms, operation
theaters, and other critical spaces in healthcare facilities. After surgery or
operation, the human body is in an extremely vulnerable stage of recovery,
where it is unable to maintain body temperature on its own. As a result,
artificial devices are used to regulate the temperature.
Global Temperature Management Systems Market Forecast and
Trends
Growth Drivers
Growing Number of Medical
Procedures Worldwide
The number of surgeries and other medical
procedures like biopsy, endoscopy, reconstructive surgeries, etc. all around
the world is rising rapidly. Giving anesthesia to patients before surgery is a
critical step in minimizing pain. Anesthesia, on the other hand, drastically lowers body
temperature, exposing patients to the risk of hypothermia. Therefore, hospitals
install temperature management systems to minimize the risk and avoid pre-or post-surgical
complications. This is pulling a significant demand for temperature management
systems.
Rising Prevalence of
Cardiovascular and Other Chronic Conditions
The increasing prevalence of
cardiovascular diseases and cancer are contributing significantly to the demand
for temperature management systems. According to the National Institutes of
Health, adults over the age of 65 are considerably more likely to have a heart
attack, develop coronary heart disease, or suffer from heart failure. Heart
disease is also a major cause of disability, limiting activities and lowering
the quality of life for millions of elderly people. Low body temperature
increases the risk of heart attacks and strokes. A drop in the body temperature
also increases the risk of multiplication of cancer cells too. Therefore, radiation
therapy and chemotherapy are frequently combined with controlling body
temperature as a treatment.
Restraints
Expensive Temperature
Management Systems will hinder the Market Growth
Temperature management systems are highly
effective in maintaining body temperature during surgeries and other medical
procedures. However, such devices are very expensive, and not every hospital
can afford to install these. These systems are also costlier than the other
noninvasive systems available in the market. Therefore, healthcare facilities often
opt for the latter option due to a shortage of sufficient funds. This is
especially crucial for the emerging economies as they are still on their way to
development and prefer choosing cheaper options.
Impact of Covid-19 on Global Temperature Management
Systems Market
The global temperature management systems
market was devastated by the Covid-19 outbreak. Temperature management systems
are essentially used in healthcare facilities. However, in the light of
coronavirus, all the elective and non-emergency services were postponed to
prevent the transmission of the virus and decrease the number of people
visiting hospitals. This move was also made to ensure that all healthcare
experts and resources are focused on treating people infected by Covid-19.
Because a large number of surgeries were canceled, the market for temperature
management systems plummeted significantly.
Global Temperature Management Systems Market - By Type
Based on type, the global
temperature management systems market is segmented into patient warming systems
and patient cooling systems. Patients warming systems accounted for the largest
market share in the year 2020 and is likely to maintain its dominance even
during the forecast period. The segment is thriving because of its high usage
in maintaining body temperature during surgeries. Surgeries involve the use of
anesthesia, which significantly drops the body temperature. Therefore,
maintaining body temperature during and post-surgery is very crucial to avoid
any chances of perioperative hypothermia. On the other hand, patient cooling
systems are expected to have a surge in their market demand in the forecast
period.
Global Temperature Management Systems Market - By
Application
Based on application, the global
temperature management systems market is categorized into cardiology, orthopedics, neurology,
and others. The Cardiology segment dominated the temperature management systems
market due to the rising prevalence of cardiovascular disease and increasing
geriatric population all around the world. The prevalence of cardiovascular
diseases is rising at an alarming rate, even in the younger population. As a
result, more and more patients are approaching hospitals for cardiac surgeries,
due to which the demand for temperature management systems is proliferating.
Global Temperature Management Systems Market - By End-User
Based on end-user, the
market is segmented into operating rooms,
intensive care units, emergency rooms, and others. The operating room segment
held the largest market share and is further expected to flourish during the
forecast period. Because surgeries necessitate a specified body temperature to
avoid complications, particularly during the pre- and post-period, this segment
is gaining traction in the market. On the other hand, intensive care units
(ICU) have also witnessed a considerable surge in the demand for temperature
management systems.
Global Temperature Management Systems Market - Regional
Insights
Geographically, the global temperature management system is divided into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America accounted for the largest market share in the year 2020. Its rapid expansion can be attributed to an increase in the number of surgeries performed, rising cardiovascular disease rates across all demographics, and the rising health expenditure by the general populace. Furthermore, the favorable reimbursement policies are motivating people into getting more surgeries which are driving the growth of the temperature management systems.
Competitive Landscape
The leading market players
of the temperature management systems market are Vyaire Medical, Adroit Medical
Systems, Gentherm Incorporated, Augustine Surgical, Inc., Inspiration
Healthcare Group PLC, 3M Company, Becton, Dickinson And Company, Smiths
Medical, Ecolab, Zoll Medical Corporation, Stryker Corporation, Attune Medical,
Adroit Medical Systems, Biegler GMBH, Encompass Group, LLC, and other
prominent players. The adoption of competitive
strategies like mergers, acquisitions, partnerships, product development, and
launches is also very prominent in this market. Additionally, the companies are
majorly focusing on geographical expansion to establish themselves as key
market players.
Recent Developments
l In June 2021, Vivalink, a connected healthcare solutions
provider best recognized for its medical wearable sensor data
solutions, released an innovative temperature and cardiac ECG
(electrocardiogram) monitor. The sensors are
specifically developed for usage in remote and ambulatory circumstances, such
as remote patient monitoring, decentralized clinical trials, virtual hospitals.
It has been adopted by over 100 healthcare application partners and customers
in 25 countries.
l In December 2020, Attune Medical, a US-based medical
device company published their first major peer reviewed clinical journal which
evaluates the use of ensoETM in cardiac ablation procedure for decreasing
collateral thermal injury. EnsoETm is the product of Attune Medical which
focuses temperature management using esophagus.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027 |
Facts Covered |
Revenue in USD Million |
Market Coverage |
North America, Europe, the Asia-Pacific, Latin America,
and the Middle East and Africa |
Product Service/Segmentation |
By Product-Type, By Application, By End-User, By Region |
Key Players |
Life
Recovery Systems, The 37Company, Medtronic PLC, Geratherm Medical AG, Vyaire
Medical, Adroit Medical Systems, Gentherm Incorporated, Augustine Surgical,
Inc., Inspiration Healthcare Group PLC, 3M Company, Becton, Dickinson And
Company, Smiths Medical, Ecolab, Zoll Medical Corporation, Stryker
Corporation, Attune Medical, Adroit Medical Systems, Biegler GMBH, Encompass
Group, LLC, and Other
Prominent Players |
By Product
Type
Ø Patient
Warming Systems
Surface Warming Systems
Conventional
Warming Systems
Intravascular Warming Systems
Ø Patient
Cooling Systems
Conventional
Cooling Systems
Intravascular Cooling Systems
Surface Cooling Systems
By Application
Ø Cardiology
Ø Orthopedics
Ø Neurology
Ø Others
By End-User
Ø Operating
Rooms
Ø Intensive
Care Units
Ø Emergency
Rooms
Ø Others
By Region
Ø North America
Ø Europe
Ø Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø
Middle-East
& Africa (MEA)
FAQs:
1. What is the current size of the global temperature
management systems market?
Answer: The
global temperature management systems market reached USD 3.5 billion in 2020.
2. What are the major factors driving the growth of the
global temperature management systems market?
Answer: The
major factors driving the growth of the global temperature management systems
market are the growing number of medical
procedures worldwide and the rising
prevalence of cardiovascular and other chronic conditions.
3. Who are the key players in the global temperature
management systems market?
Answer: The
key players in the global temperature management systems market are Vyaire Medical, Adroit Medical Systems, Gentherm
Incorporated, Augustine Surgical, Inc., Inspiration Healthcare Group PLC, 3M
Company, Becton, Dickinson And Company, Smiths Medical, Ecolab, Zoll Medical
Corporation, Stryker Corporation, Attune Medical, Adroit Medical Systems,
Biegler GMBH, Encompass Group, LLC, and other prominent players.
4. Which end-user segment accounted for the largest share
in the global temperature management systems market?
Answer: The
operating room segment accounted for the
largest share in the global temperature management systems market.
5. Which region is at the highest growth
rate in the global temperature
management systems market?
Answer: North America has the largest share in the
global temperature management systems market.
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2.
Research Methodology
2.1. Qualitative Research
2.1.1.
Primary and
Secondary Sources
2.2. Quantitative Research
2.2.1.
Primary and
Secondary Sources
2.3. Breakdown of Primary Research Respondents
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown of Primary Research Respondents, By
Industry Participants
2.5. Key Questionnaire asked during Primary Interviews
2.6. Key Primary Responses
2.7. Market Size Estimation
2.8. Assumption for the Study
2.9. Market Breakdown & Data Triangulation
3.
Executive Summary
4.
Global Temperature Management Systems Market –
Industry Insights
4.1. DROC Analysis
4.1.1.
Growth Drivers
4.1.2.
Restraints
4.1.3.
Opportunity
4.1.4.
Challenges
4.2. Recent Developments / Technical Landscape
4.3. Regulatory Framework
4.4. Porter’s Five Forces Analysis
4.5. Value Chain Analysis
4.6. Strategic Outlook
5.
Global Temperature Management Systems Market
Overview
5.1. Market
Estimates & Forecast by Value, 2017-2027
5.1.1.
By Value (USD
Million)
5.2. Market
Share & Forecast
5.2.1.1.
Patient Warming Systems
5.2.1.1.1.
Surface Warming Systems
5.2.1.1.2.
Conventional
Warming Systems
5.2.1.1.3.
Intravascular Warming Systems
5.2.1.2.
Patient Cooling Systems
5.2.1.2.1.
Conventional
Cooling Systems
5.2.1.2.2.
Intravascular Cooling Systems
5.2.1.2.3.
Surface Cooling Systems
5.2.2.
By
Application
5.2.2.1.
Cardiology
5.2.2.2.
Orthopedics
5.2.2.3.
Neurology
5.2.2.4.
Others
5.2.3.
By End-User
5.2.3.1.
Operating Rooms
5.2.3.2.
Intensive Care Units
5.2.3.3.
Emergency Rooms
5.2.3.4.
Others
5.2.4.
By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia-Pacific (APAC)
5.2.4.4. Latin America (LATAM)
5.2.4.5. Middle-East & Africa (MEA)
6. North
America Temperature Management Systems Market Overview
6.1. Market Size
and Forecast
6.1.1.
By Value (USD
Million), 2017-2027
6.2. Market
Share and Forecast
6.2.1.
By Product Type
6.2.2.
By Application
6.2.3.
By End-User
6.2.4.
By Country
6.2.4.1. U.S.
6.2.4.2. Canada
7. Europe
Temperature Management Systems Market Overview
7.1.
Market Size and Forecast
7.1.1.
By Value (USD
Million), 2017-2027
7.2.
Market Share and Forecast
7.2.1.
By Product Type
7.2.2.
By Application
7.2.3.
By End-User
7.2.4.
By Country
7.2.4.1.
Germany
7.2.4.2.
U.K.
7.2.4.3.
France
7.2.4.4.
Italy
7.2.4.5.
Spain
7.2.4.6.
Russia
7.2.4.7.
Netherlands
7.2.4.8.
Rest of Europe
8. APAC
Temperature Management Systems Market Overview
8.1.
Market Size and Forecast
8.1.1.
By Value (USD
Million), 2017-2027
8.2.
Market Share and Forecast
8.2.1.
By Product Type
8.2.2.
By Application
8.2.3.
By End-User
8.2.4.
By Country
8.2.4.1.
China
8.2.4.2.
India
8.2.4.3.
Japan
8.2.4.4.
South Korea
8.2.4.5.
Rest of APAC
9. LATAM
Temperature Management Systems Market Overview
9.1.
Market Size and Forecast
9.1.1.
By Value (USD
Million), 2017-2027
9.2.
Market Share and Forecast
9.2.1.
By Product Type
9.2.2.
By Application
9.2.3.
By End-User
9.2.4.
By Country
9.2.4.1.
Mexico
9.2.4.2.
Brazil
9.2.4.3.
Rest of LATAM
10.MEA
Temperature Management Systems Market Overview
10.1.
Market Size and Forecast
10.1.1.
By Value (USD
Million), 2017-2027
10.2.
Market Share and Forecast
10.2.1.
By Product Type
10.2.2.
By Application
10.2.3.
By End-User
10.2.4.
By Country
10.2.4.1.
Saudi Arabia
10.2.4.2.
UAE
10.2.4.3.
South Africa
10.2.4.4.
Turkey
10.2.4.5.
Rest of Europe
11.Competitive Landscape
11.1.1.
List of Key
Players and Their Offerings
11.1.2.
Market Share /
Ranking Analysis (2020)
11.1.3.
Competitive
Benchmarking, By Operating Parameters
12.COVID-19 Impact
12.1.
Future Impact
12.2.
Key Developments
during COVID-19
12.3.
Impact on Market
12.3.1.
Different Scenario
12.3.2.
Impact on
Companies
12.4.
Regional Impact
13.Company Profiles (Company Overview, Financial
Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address,
and Strategic Outlook) *
13.1.
Life Recovery Systems
13.2.
The 37Company
13.3.
Medtronic PLC
13.4.
Geratherm Medical AG
13.5.
Vyaire Medical
13.6.
Adroit Medical Systems
13.7.
Gentherm Incorporated
13.8.
Augustine Surgical, Inc.
13.9.
Inspiration Healthcare Group PLC
13.10.
3M Company
13.11.
Becton, Dickinson And Company
13.12.
Smiths Medical
13.13.
Ecolab
13.14.
Zoll Medical Corporation
13.15.
Stryker Corporation
13.16.
Attune Medical
13.17.
Adroit Medical Systems
13.18.
Biegler GMBH
13.19.
Encompass Group, LLC
13.20.
Other Prominent
Players
14.Key
Strategic Recommendations
* Financial information of
non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications
based on in-depth study during the final deliverable.
List of Figures
Fig: Global
Temperature Management Systems Segmentation
Fig: Global
Temperature Management Systems Market Value Chain Analysis,
Fig: Company Market
Share Analysis, 2020
Fig: Global
Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: Global
Temperature Management Systems Market Share (%), By Product Type, By Value,
2017-2027
Fig: Global
Temperature Management Systems Market Share (%), By Application, By Value,
2017-2027
Fig: Global
Temperature Management Systems Market Share (%), By End-User, By Value,
2017-2027
Fig: Global
Temperature Management Systems Market Share (%), By Country, By Value,
2017-2027
Fig: North America
Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: North America
Temperature Management Systems Market Share (%), By Product Type, By Value,
2017-2027
Fig: North America
Temperature Management Systems Market Share (%), By Application, By Value,
2017-2027
Fig: North America
Temperature Management Systems Market Share (%), By End-User, By Value,
2017-2027
Fig: North America
Temperature Management Systems Market Share (%), By Country, By Value,
2017-2027
Fig: Europe Temperature
Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: Europe
Temperature Management Systems Market Share (%), By Product Type, By Value,
2017-2027
Fig: Europe
Temperature Management Systems Market Share (%), By Application, By Value,
2017-2027
Fig: Europe
Temperature Management Systems Market Share (%), By End-User, By Value,
2017-2027
Fig: Europe
Temperature Management Systems Market Share (%), By Country, By Value,
2017-2027
Fig: the Asia-Pacific
Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: the Asia-Pacific
Temperature Management Systems Market Share (%), By Product Type, By Value,
2017-2027
Fig: the Asia-Pacific
Temperature Management Systems Market Share (%), By Application, By Value, 2017-2027
Fig: the Asia-Pacific
Temperature Management Systems Market Share (%), By End-User, By Value,
2017-2027
Fig: the Asia-Pacific
Temperature Management Systems Market Share (%), By Country, By Value,
2017-2027
Fig: Latin America
Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: Latin America
Temperature Management Systems Market Share (%), By Product Type, By Value,
2017-2027
Fig: Latin America
Temperature Management Systems Market Share (%), By Application, By Value,
2017-2027
Fig: Latin America
Temperature Management Systems Market Share (%), By End-User, By Value,
2017-2027
Fig: Latin America
Temperature Management Systems Market Share (%), By Country, By Value,
2017-2027
Fig: Middle East &
Africa Temperature Management Systems Market Size, By Value (USD Million),
2017-2027
Fig: Middle East &
Africa Temperature Management Systems Market Share (%), By Product Type, By
Value, 2017-2027
Fig: Middle East &
Africa Temperature Management Systems Market Share (%), By Application, By
Value, 2017-2027
Fig: Middle East &
Africa Temperature Management Systems Market Share (%), By End-User, By Value,
2017-2027
Fig: Middle East &
Africa Temperature Management Systems Market Share (%), By Region, By Value,
2017-2027
List of Tables
Table: Global
Temperature Management Systems Market Size, By Product Type, By Value,
2017-2027
Table: Global
Temperature Management Systems Market Size, By Application, By Value (USD Million),
2017-2027
Table: Global
Temperature Management Systems Market Size, By End-User, By Value (USD
Million), 2017-2027
Table: Global
Temperature Management Systems Market Size, By Region, By Value (USD Million),
2017-2027
Table: North America
Temperature Management Systems Market Size, By Product Type, By Value (USD
Million), 2017-2027
Table: North America
Temperature Management Systems Market Size, By Application, By Value (USD
Million), 2017-2027
Table: North America
Temperature Management Systems Market Size, By End-User, By Value (USD
Million), 2017-2027
Table: North America
Temperature Management Systems Market Size, By Country, By Value (USD Million),
2017-2027
Table: Europe
Temperature Management Systems Market Size, By Product Type, By Value (USD
Million), 2017-2027
Table: Europe
Temperature Management Systems Market Size, By Application, By Value (USD
Million), 2017-2027
Table: Europe
Temperature Management Systems Market Size, By End-User, By Value (USD
Million), 2017-2027
Table: Europe
Temperature Management Systems Market Size, By Country, By Value (USD Million),
2017-2027
Table: the
Asia-Pacific Temperature Management Systems Market Size, By Product Type, By
Value (USD Million), 2017-2027
Table: the
Asia-Pacific Temperature Management Systems Market Size, By Application, By
Value (USD Million), 2017-2027
Table: the
Asia-Pacific Temperature Management Systems Market Size, By End-User, By Value
(USD Million), 2017-2027
Table: the
Asia-Pacific Temperature Management Systems Market Size, By Country, By Value
(USD Million), 2017-2027
Table: Latin America
Temperature Management Systems Market Size, By Product Type, By Value (USD
Million), 2017-2027
Table: Latin America
Temperature Management Systems Market Size, By Application, By Value (USD
Million), 2017-2027
Table: Latin America
Temperature Management Systems Market Size, By End-User, By Value (USD
Million), 2017-2027
Table: Latin America
Temperature Management Systems Market Size, By Country, By Value (USD Million),
2017-2027
Table: The Middle-East
& Africa Temperature Management Systems Market Size, By Product Type, By
Value (USD Million), 2017-2027
Table: The Middle-East
& Africa Temperature Management Systems Market Size, By Application, By
Value (USD Million), 2017-2027
Table: The Middle-East
& Africa Temperature Management Systems Market Size, By End-User, By Value
(USD Million), 2017-2027
Table: The Middle-East
& Africa Temperature Management Systems Market Size, By Country, By Value
(USD Million), 2017-2027
Table: Life Recovery Systems Financial
Analysis
Table: Life Recovery Systems Business
Overview
Table: The 37Company Financial Analysis
Table: The 37Company Business Overview
Table: Medtronic PLC Financial Analysis
Table: Medtronic PLC Business Overview
Table: Geratherm Medical AG Limited Financial Analysis
Table: Geratherm Medical AG Limited Business Overview
Table: Vyaire Medical Financial Analysis
Table: Vyaire Medical Business Overview
Table: Adroit Medical Systems Financial
Analysis
Table: Adroit Medical Systems Business
Overview
Table: Gentherm Incorporated Financial
Analysis
Table: Gentherm Incorporated Business
Overview
Table: Augustine Surgical, Inc. Financial Analysis
Table: Augustine Surgical, Inc. Business Overview
Table: Inspiration Healthcare Group PLC Financial Analysis
Table: Inspiration Healthcare Group PLC Business Overview
Table: 3M Company Financial Analysis
Table: 3M Company Business Overview
Table: Becton, Dickinson And Company Financial Analysis
Table: Becton, Dickinson And Company Business Overview
Table: Smiths Medical Financial Analysis
Table: Smiths Medical Business Overview
Table: Ecolab Financial Analysis
Table: Ecolab Business Overview
Table: Zoll Medical Corporation Financial Analysis
Table: Zoll Medical Corporation Business Overview
Table: Stryker Corporation Financial
Analysis
Table: Stryker Corporation Business
Overview
Table: Attune Medical Financial Analysis
Table: Attune Medical Business Overview
Table: Adroit Medical Systems Financial
Analysis
Table: Adroit Medical Systems Business
Overview
Table: Biegler GMBH Financial Analysis
Table: Biegler GMBH Business Overview
Table: Encompass Group, LLC Financial Analysis
Table: Encompass Group, LLC Business
Overview
Market Segmentation
By Product
Type
Ø Patient
Warming Systems
Surface Warming Systems
Conventional
Warming Systems
Intravascular Warming Systems
Ø Patient
Cooling Systems
Conventional
Cooling Systems
Intravascular Cooling Systems
Surface Cooling Systems
By Application
Ø Cardiology
Ø Orthopedics
Ø Neurology
Ø Others
By End-User
Ø Operating
Rooms
Ø Intensive
Care Units
Ø Emergency
Rooms
Ø Others
By Region
Ø North America
Ø Europe
Ø Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø
Middle-East
& Africa (MEA)
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