USD 3.2 Billion
Patient Temperature Management Market Size, Share, Growth Analysis, By Product(Patient Warming Systems, Conventional Warming Systems, Surface Warming Systems, Intravascular Warming Systems), By Application(Surgery, Cardiology, Pediatrics, Neurology), By End Use(Operating Room, Neonatal ICU, Emergency Room, ICUs), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2275 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
100
|Figures:
76
Patient Temperature Management Market Insights
Patient Temperature Management Market size was valued at USD 3.48 Billion in 2022 and is poised to grow from 3.79 billion in 2023 to 7.44 billion by 2031, growing at an CAGR of 8.8% during the forecast period (2024-2031).
The growth in surgical operations is one of the key factors driving the patient temperature control market's expansion. There are quite a lot of surgeries performed globally. According to statistics provided by the Texas Heart Institute, more than 500,000 cardiac bypass procedures are carried out each year. Before any sort of operation, individuals that undergo local or general anesthesia experience a reduction in body temperature. Warming systems are essential in these situations to avoid any more intraoperative hypothermia. Utilizing this technology lessens pre- and postoperative issues as well as patient suffering.
The growing demand for temperature systems has been fueled by the rising incidence of cancer and cardiovascular disorders. In instances of cancer, the patient's body begins to multiply cancer cells as a result of a drop in body temperature. Patient warming devices are used in conjunction with chemotherapy and radiation therapy to combat this issue. Additionally, rising stroke and heart attack rates are believed to have a substantial impact on the market's expansion. The body has to be considerably cooler in these situations in order to boost survival rates and enable regular brain function.
The development of novel temperature control technologies, such as surface pads, pillows, & headwear, is another technological development that is expected to boost market demand. A wide variety of surface heating and cooling systems have been introduced as a result of the increased need for contemporary temperature control systems, and this has further driven market expansion. As an illustration, one of the major market participants, 3M, has created the Bair Hugger product line, which includes a wide variety of blankets, including specialty, underbody, full body, and others.
US Patient Temperature Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Surgery
Fastest Growth
Surgery
Growth Rate
8.8% CAGR
Global Patient Temperature Management Market ($ Bn)
Country Share for North America Region (%)
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Patient Temperature Management Market Segmental Analysis
The global patient temperature management market is categorized into product, application and region. Based on product, the market is segmented into Patient Warming Systems, Conventional Warming Systems, Surface Warming Systems, Intravascular Warming Systems, Patient Cooling Systems, Conventional Cooling Systems, Surface Cooling Systems, Intravascular Cooling Systems. Based on Application, the market is segmented into Surgery, Cardiology, Pediatrics, Neurology, Orthopedic Surgery, Others. Based on End Use the market is segmented into Operating Room, Neonatal ICU, Emergency Room, ICUs, Others. Based on region the global Patient Temperature Management Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Patient Temperature Management Market Analysis by Product
Patient warming systems had a 72.0% market share due to their widespread use during procedures, especially those requiring the administration of general anesthetic. Owing to the general anesthetic administered before the procedure, the temperature of the patient's body has decreased. As a result, prewarming the patient's body prior to surgery is important to reduce the risk of postoperative hyperthermia. The 3M Company, for instance, introduced the 3M Bair Paw Warm Gown and unit.
Patient cooling system sales should increase profitably throughout the course of the projection period. This is due to the increase in heart surgeries as well as the requirement for low temperatures to minimize adverse neurologic outcomes and related brain trauma injuries. Additionally, freezing temperatures are necessary for patients with brain injuries in order to reduce the likelihood of negative neurologic outcomes and increase survival rates.
Patient Temperature Management Market Analysis by Application
Surgery dominated the application segment with a market share of about 31.0%. The majority of this expansion is being driven by an increase in cardiac and gynecological operations. Also widely utilized in pre-, post-, & perioperative surgical procedures are temperature management systems. These tools also assist in addressing issues related to the surgical site.
Due to the rising frequency of cardiovascular disorders, the cardiology segment is anticipated to have considerable growth throughout the forecast period. The Heart Foundation estimates that over 720,000 Americans experience a heart attack each year. Heart attacks and strokes require a chilly environment to reduce the risk of traumatic brain damage, which leads to a strong demand for cooling equipment nationwide.
Global Patient Temperature Management Market By End-use
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Patient Temperature Management Market Regional Insights
North America held a 40.0% share of the global market, mostly as a result of increased heart surgery rates and rising healthcare costs in the U.S. Additionally, patients who need temperature control equipment have access to favorable payment policies in this nation. As a result, products for managing patient temperature are widely used in this area.
Asia Pacific is expected to have lucrative growth during the projected period due to the region's significant growth potential to satisfy the unmet needs of the target population. Additionally, the International Heart Federation predicts a 50.0% boost in the incidence of cardiovascular illnesses such ischemic coronary artery disease and stroke in China between 2022 and 2030. As a result, an increase in surgeries and traffic accidents in India along with other Asian countries is also contributing to the APAC market's growth.
Global Clinical Laboratory Tests Market By Geography
- Largest
- Fastest
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Patient Temperature Management Market Dynamics
Patient Temperature Management Market Drivers
Increasing Focus on Patient Safety
- Patient temperature management plays a crucial role in maintaining patient safety during various medical procedures, including surgeries, critical care, and post-operative recovery. The growing emphasis on patient safety drives the demand for temperature management solutions.
Rising Awareness of Hypothermia and Hyperthermia Risks
- Healthcare providers are becoming more aware of the risks associated with both hypothermia (low body temperature) and hyperthermia (high body temperature) in patients. This awareness drives the adoption of temperature management devices and techniques to prevent and manage these conditions.
Patient Temperature Management Market Restraints
High Cost of Advanced Temperature Management Devices
- Advanced temperature management devices and systems can be expensive, making them less accessible for certain healthcare settings, especially in developing regions. The high cost can act as a restraint on the adoption of these technologies.
Lack of Awareness and Training
- Limited awareness among healthcare professionals about the importance of temperature management and the available techniques and devices can hinder their adoption. Insufficient training and education on proper temperature management practices may result in suboptimal utilization of available solutions.
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Patient Temperature Management Market Competitive Landscape
To meet the growing demands of the patients, the main corporations are implementing strategies including mergers and acquisitions, the creation of new products, and global expansions. For instance, ZOLL Medical Corporation declared in March 2016 that its Japanese a subsidiary, Asahi Kasei ZOLL Medical Corp., had been given permission by the PMDA (Japan's Pharmaceuticals and Medical Devices Agency) to economically begin its Thermogard XP (TGXP) Temperature Management System, a system that facilitates treatment during sudden cardiac arrest.
Patient Temperature Management Market Top Player’s Company Profiles
- Smiths Medical
- C.R. Bard, Inc. (now part of Becton, Dickinson and Company)
- Geratherm Medical AG
- ZOLL Medical Corporation (a subsidiary of Asahi Kasei Corporation)
- Cincinnati Sub-Zero Products, LLC (CSZ)
- The 37Company
- Inspiration Healthcare Group plc
- Gentherm Incorporated
- Biegler GmbH
- Enthermics Medical Systems
- Stihler Electronic GmbH
- Ecolab Inc.
- Cheetah Medical (a subsidiary of Baxter International Inc.)
- Belmont Instrument Corporation (a subsidiary of Hill Rom)
- Welkins LLC
- Augustine Temperature Management LLC
- ThermaBright Inc.
Patient Temperature Management Market Recent Developments
- In September 2022, Optical genome mapping (OGM) information services from Bionano Genomics Inc. will be combined with clinical testing services formerly provided by Lineagen at the new company, Bionano Laboratories, that was launched. The first OGM-based laboratory-designed test (LDT), created by Bionano Laboratories, was also introduced.
- In March 2022, For small-to-midsize labs that use both complete blood count (CBC) & the erythrocyte sedimentation rate (ESR) assays, Mindray recently introduced its newest BC-700 Series hematology analyzers.
Patient Temperature Management Key Market Trends
- Increasing Adoption of Non-Invasive Techniques: There is a growing preference for non-invasive temperature management techniques that minimize patient discomfort and reduce the risk of complications. Non-invasive methods, such as surface cooling and warming devices, are gaining popularity over invasive methods like intravascular catheters.
- Integration of Advanced Monitoring and Connectivity: Temperature management systems are increasingly incorporating advanced monitoring capabilities and connectivity features. This includes real-time temperature monitoring, data collection, and integration with electronic medical records (EMRs) to enhance patient safety, improve documentation, and streamline workflow.
- Focus on Targeted Temperature Management (TTM): Targeted temperature management, also known as therapeutic hypothermia or controlled normothermia, is being widely adopted for specific conditions like cardiac arrest, traumatic brain injury, and stroke. TTM involves precise temperature control within a narrow therapeutic range to optimize patient outcomes.
- Technological Advancements: The patient temperature management market is witnessing technological advancements in device design, temperature monitoring, and control algorithms. This includes the development of wearable and wireless devices, smart temperature sensors, and automated temperature regulation systems for improved accuracy and ease of use.
- Rise in Ambulatory Surgical Procedures: The increasing trend of ambulatory surgical procedures, performed outside traditional hospital settings, is driving the demand for portable and lightweight temperature management devices. These devices enable effective temperature regulation during surgeries performed in ambulatory surgical centers and clinics.
- Growing Awareness of Hypothermia and Hyperthermia Risks: Healthcare providers are increasingly recognizing the risks associated with hypothermia and hyperthermia in patients. This awareness is driving the implementation of temperature management protocols and the use of specialized devices to prevent and manage these conditions.
Patient Temperature Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global patient temperature management market analysis, the growth in surgical operations is one of the key factors driving the patient temperature control market's expansion. There are quite a lot of surgeries performed globally. According to statistics provided by the Texas Heart Institute, more than 500,000 cardiac bypass procedures are carried out each year. Before any sort of operation, individuals that undergo local or general anesthesia experience a reduction in body temperature. Warming systems are essential in these situations to avoid any more intraoperative hypothermia. Utilizing this technology lessens pre- and postoperative issues as well as patient suffering. However, Asia Pacific is expected to have lucrative growth during the projected period due to the region's significant growth potential to satisfy the unmet needs of the target population. Additionally, the International Heart Federation predicts a 50.0% boost in the incidence of cardiovascular illnesses such ischemic coronary artery disease and stroke in China between 2022 and 2030. As a result, an increase in surgeries and traffic accidents in India along with other Asian countries is also contributing to the APAC market's growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.2 Billion |
| Market size value in 2031 | 3.2 Billion |
| Growth Rate | 8.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Patient Temperature Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Patient Temperature Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Patient Temperature Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Patient Temperature Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Patient Temperature Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Patient Temperature Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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