By the year 2023, Global Temperature Management market is expected to reach USD 2.82 Billion at CAGR of 2.8%. – Major companies are 3M Company ,Smiths Medical ,Medtronic plc, C.R. Bard Inc., Cincinnati Sub-Zero Products, Inc., Geratherm Medical AG , Ins

Market Overview:

In the year 2018, Global Temperature Management Market was valued at USD 2.45 Billion. By the year 2023, it is predicted to reach USD 2.82 Billion with pace of 2.8% CAGR. Human body temperature is considered to be a crucial factor in surgeries such as open heart surgery and other major treatments. Temperature management devices are used widely for maintaining and monitoring patient’s temperature. These are works by cooling blood which results in reductions of postoperative and preoperative surgical complications.

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Increasing technological developments, researches and increase in surgeries.

Factors affecting market growth:

Technological development in the field of intravascular systems. (+)
Increased managements of seminars to make awareness about these devices among physicians. (+)
Increased financial support for related researches and developments. (+)
Increasing cases of severe surgeries and chronic diseases. (+)
Product recalls of Temperature management devices. (-)
High Manufacturing costs and prices of IVTM systems. (-)
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North America holds the major share of Global Temperature Management market.

Market Segmentation

The Global Temperature Management market is geographically segmented into

North America.

Asia Pacific.
Latin America.
Middle East and Africa.
North America region holds the major share of Global Temperature Management market at present. Europe is trailing right behind North America in the list. In addition, Asia Pacific region market is moving market rapidly with highest CAGR of 3%. Asia pacific stands at 3RD place in terms of market share. Latin America and Middle East and Africa regions are also showing significant growth in global market. 

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Key players:

Key players competing in the Global Temperature Management market include Ecolab (U.S.), DRÄGERWERK AG & CO. KGAA (Germany),  Dickinson and Company (U.S.), Becton, GE Healthcare (U.S.) , ZOLL Medical Corporation (U.S.), The 37Company (Netherlands),  Stryker Corporation (U.S.), Inspiration Healthcare Group plc, (U.K.), Geratherm Medical AG (Germany), Cincinnati Sub-Zero Products, Inc. (U.S.), C.R. Bard Inc. (U.S.), Medtronic plc (Ireland), Smiths Medical (U.K.), and 3M Company (U.S.).

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