Temperature Management Market Forecasts to 2030 – Global Analysis By Product (Patient Warming System, Patient Cooling System and Other Products), Medical specialty (General Surgery, Cardiology, Neurology, Pediatrics and Other Medical Specialities), Applic

Temperature Management Market Forecasts to 2030 – Global Analysis By Product (Patient Warming System, Patient Cooling System and Other Products), Medical specialty (General Surgery, Cardiology, Neurology, Pediatrics and Other Medical Specialities), Application, End User and By Geography

According to Stratistics MRC, the Global Temperature Management Market is accounted for $3.21 billion in 2023 and is expected to reach $4.89 billion by 2030 growing at a CAGR of 6.2% during the forecast period. A treatment called temperature management is used to keep a patient's body temperature stable for a predetermined amount of time. It enhances health and lessens the possibility of tissue injury brought on by inadequate blood flow. Using temperature control techniques, brain damage can be avoided and brain function can be improved after a cardiac arrest and, it shields animals' central nervous systems from additional neurological injuries after trauma.

According to the Epidemiological Surveillance and Disease Control Center and the HIV/AIDS/STI Department at the Health Institute of the State of Mexico (ISEM), as of 2021, more than 6 cases of acquired syphilis, more than 15 cases of genital herpes, more than 1,042 cases of Candidiasis (yeast infection), more than 5,585 cases of vulvovaginitis.

Market Dynamics

Driver

Rise in the prevalence of chronic diseases

The prevalence of chronic ailments including strokes, cardiac arrests, and neurological illnesses like traumatic brain injury has increased globally. According to numerous studies, people who survive cardiac arrests may experience severe neurological deficits. Devices for controlling temperature are frequently employed to stop neurological damage after cardiac arrests. Considered to improve neurological outcomes during cardiac resuscitation is the use of modest therapeutic hypothermia. As a result, it is anticipated that the need for temperature management systems will be driven by the rising incidence of chronic diseases.

Restraint

High Cost of Temperature Management Systems

The cost of temperature management solutions, including advanced technologies and devices, can be substantial, posing challenges for healthcare facilities, providers, and patients. The initial investment required for purchasing temperature control systems, monitoring equipment, and related accessories can strain limited healthcare budgets, especially in resource-constrained settings or regions with inadequate financial resources. Additionally, the costs associated with installation, maintenance, and staff training further adds to the financial burden. High costs may deter healthcare facilities from adopting temperature management solutions, limiting their accessibility and potentially compromising patient care.

Opportunity

Development of technologically advanced healthcare

As healthcare continues to advance, there is an increasing demand for innovative temperature management solutions that can enhance patient care, improve outcomes, and optimize efficiency. Technological advancements such as advanced temperature control systems, precise monitoring devices, and data analytics tools offer the potential to revolutionize temperature management in healthcare settings. These advancements enable more accurate and personalized temperature regulation, real-time monitoring of patient temperature, early detection of temperature fluctuations, and improved control of thermal conditions during medical procedures. Additionally, integration with electronic health records and connectivity with other healthcare systems can enhance workflow efficiency and facilitate seamless temperature management.

Threat

Supply chain disruptions

The industry relies on a complex global supply chain that involves sourcing raw materials, manufacturing components, and assembling finished products. Any disruptions in the supply chain, such as natural disasters, political instability, trade disputes, or pandemics, can lead to delays in production, shortages of critical components, and increased costs. These disruptions can result in supply chain bottlenecks, affecting the availability and timely delivery of temperature management products to customers. Such disruptions can also lead to price fluctuations and impact the profitability of businesses operating in the market.

Covid-19 Impact

The COVID-19 pandemic epidemic had an effect on the temperature control market. Many surgical treatments were postponed or cancelled during the pandemic's early stages, which decreased demand for temperature control systems since it is one of the fundamental needs for recovery after surgery. For instance, a significant number of surgical treatments were abandoned or put off during COVID-19 for an extended period of time, according to a 2021 NCBI research study. Therefore, during the pandemic's early stages, such a possibility had a minor negative effect on the market.

The cardiology segment is expected to be the largest during the forecast period

The cardiology segment held the largest share of the market owing to the increasing demand. Cardiology plays a significant role in the temperature management market, particularly in the context of cardiac procedures, interventions, and critical care. Temperature management is a crucial aspect of cardiology, as maintaining optimal body temperature is essential for patient safety, recovery, and positive outcomes in cardiovascular care. During cardiac surgical procedures, including coronary artery bypass grafting (CABG), valve repair or replacement, and cardiac ablation, maintaining the patient's core body temperature within a specific range is important for reducing the risk of complications, such as perioperative hypothermia or hyperthermia.

The acute care segment is expected to have the highest CAGR during the forecast period

During the projection period, the acute care segment is expected to have the greatest CAGR. The temperature management market in acute care focuses on providing effective and efficient solutions to maintain the desired temperature range for patients. These solutions include a variety of devices, equipment, and technologies designed to regulate body temperature, prevent complications, enhance patient comfort, and improve clinical outcomes. Additionally, Temperature management is crucial in the care of premature or critically ill infants. Specialized incubators, radiant warmers, and skin temperature probes are used to maintain the delicate thermal balance required for neonatal health and development, which is driving segment growth in the market.

Region with largest share

The North America region market is estimated to witness the highest share of the global Temperature Management market during the forecast period. The temperature management market in North America is witnessing advancements in technology. This includes the integration of Internet of Things (IoT) devices for real-time monitoring and control. Additionally, Growth in the geriatric population, the rising incidence of cardiac arrests and neurological disorders, and the availability of technologically advanced products such as standalone and battery-powered devices are the other factors supporting the growth of the temperature management market in North America.

Region with highest CAGR

The Europe region is expected to have the highest growth rate over the forecast period. The healthcare sector in Europe drives the demand for temperature management solutions. Temperature control is essential in surgical procedures, patient cooling and warming, and critical care. Technologies like intravascular temperature management systems, surface cooling systems, and warming blankets are widely used in hospitals and healthcare facilities. Along with this, Europe has stringent regulations and standards related to temperature control and monitoring, such as Good Manufacturing Practices (GMP) and Good Distribution Practices (GDP). Adhering to these regulations drives the adoption of temperature management solutions across various industries.

Key players in the market

Some of the key players in Temperature Management market include 3M, Adroit Medical systems, Atom Medical Corporation, Attune medical, Augustine Surgical, INC., Becton, Dickinson and Company, Belmont Medical technologies, Biegler GMBH, Cincinnati Sub-Zero Products, LLC, Dragerwerk AG & Co. KGaA, Encompass Group, LLC, Enthermics, INC., Geratherm Medical AG, Hirtz & CO. KG., Istanbul Medikal LTD., Life recovery Systems, Medcare Visions, Medtronic PLC, Smith Medical Inc., Stryker Corporation, Vyaire Medical and Zoll Medical Corporation.

Key Developments

In August 2022, Merit Medical Systems announced the launch of its SafeGuard Focus Cool Compression Device, an innovative addition to its SafeGuard platform. The product provides compression over closed surgical sites, assisting hemostasis in patients with pacemakers and Implantable Cardioverter Defibrillator (ICD) pockets

In May 2021, ZOLL and Global Healthcare SG signed an agreement to distribute a portable targeted temperature management system in the Asia Pacific

In April 2021, The Surgical Company announced an agreement with Next Level Development TSC-PTM develops, produces and globally distributes specialist medical equipment for the prevention of hypothermia and the warming of patients undergoing surgery

Products Covered
• Patient Warming System
• Patient Cooling System
• Other Products

Medical specialties Covered
• General Surgery
• Cardiology
• Neurology
• Pediatrics
• Thoracic Surgery
• Orthopedic Surgery
• Other Medical Specialties

Applications Covered
• Perioperative Care
• Acute Care
• Newborn Care
• Other Applications

End Users Covered
• Surgeons and Anesthesiologists
• Paramedical Staff
• Nursing Staff
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances