Temperature Management Market: Size & Trends Shows a Rapid Growth by 2028

Temperature Management Market

Temperature Management Market study has market attractiveness analysis, wherein each segment is benchmarked based on its market size, growth rate, and general attractiveness. The industry report is based on the market type, organization size, availability on-premises and the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. It divulges the nature of demand for the firm’s product to know if the demand for the product is constant or seasonal. The info covered in Temperature Management Market report lends a hand to businesses know how patents, licensing agreements and other legal restrictions affect the manufacture and sale of the firm’s products.

The top notch Temperature Management Market report gives CAGR value fluctuation during the forecast period of 2021-2028 for the market. Important industry trends, market size, market share estimates are analysed and mentioned in the report. This report helps the firm in exploring new uses and new markets for its existing products and thereby, increasing the demand for its products. The market document provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. Report is comprehensive and opens a door of international market for the products.

Temperature management market is set to witness a steady CAGR of 3.1% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Technological advancement in healthcare industry and rising prevalence of life threatening diseases are the factor for the growth of this market.

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Key Market Competitors:

Few of the major competitors currently working in the global temperature management market are 3M, BD, Drägerwerk AG & Co. KGaA, Ecolab, General Electric Company, GENTHERM., Inspiration Healthcare Group plc, Medtronic, Smiths Medical, Inc., Stryker, The 37Company., ZOLL Medical Corporation, Elitech., Servotech Instrumentation Ltd, VYAIRE, Attune Medical, Cooper-Atkins Corporation., ATS Healthcare., LivaNova PLC, Podimetrics and among others.

Global Temperature Management Market By Product (Patient Warming Systems, Patient Cooling Systems), Application (Perioperative Care, Acute Care, Newborn Care, Other), Medical Specialty (General Surgery, Cardiology, Neurology, Pediatrics, Thoracic Surgery, Orthopedic Surgery, Other), End – User (Operating Rooms, Intensive Care Unit, Emergency Rooms, Other), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Definition: Global Temperature Management Market

Temperature management is a procedure performed on the patient in operating theatres, intensive care units, recovery rooms, and other hospital regions to preserve adequate body temperature for a particular period. Patient warning systems and patient cooling systems are common products which are used in the patient management. This therapy is useful in enhancing patient health circumstances and decreasing the likelihood of tissue injury due to absence of blood flow in the body. This temperature management is widely performed in general surgery, orthopedic surgery, thoracic surgery and others.

Key Developments in the Market:

  • In March 2019, Smith Medical announced the launch of their next-generation high-flow convective warmer Level 1 convective warmer which is specially designed for the healthcare provider so that they can maintain the patient body temperature during the surgery. This new warmer can help the hospitals to increase efficiency and enhance the patient outcomes
  • In January 2017, Almac Group announced the launch of their new temperature management software TempEZ which is a platform which will provide the clients to store temperature data in single database. The TempEZ design allows the customer to use any monitor and logistics provider to manage their product’s transportation to their final destination. This is specially designed to maintain the quality and integrity of the drug products

Competitive Analysis:

Global temperature management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of temperature management market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Market Drivers

  • Rising incidences of chronic diseases will also enhance the market growth
  • Increasing number of surgical procedures acts as a market driver
  • Growing medical tourism will also accelerate the growth of this market
  • Development in advanced intravascular system will also augment the growth of this market

Market Restraints

  • High price of the intravascular temperature management systems will restrain the market growth
  • Products recalls & failures can also hinder the growth of this market

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Reasons to Purchase this Report

  • Current and future of global temperature management market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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