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

Patient Temperature Management Market size was valued at USD 3.2 Billion in 2021 and is poised to grow from 3.23 billion in 2022 to 6.9 billion by 2030, growing at an CAGR of 8.8% during the forecast period (2023-2030).

To meet the growing demands of the patients, the main corporations are implementing strategies including mergers and acquisitions, the creation of new products, and 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. '3M Company', 'Medtronic plc', 'Smiths Medical', 'Stryker Corporation', '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 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.

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.

North America held a 40.0% share of the 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.