Report on Temperature Management Market to 2023 - Global Major Manufacturers Production and Sales Market Comparison

The report analyzes the temperature management market by product, application, medical specialty, end user, and region. On the basis of product, the patient warming systems accounted for the largest share in 2017, due to rising demand for these systems in diverse hospital settings.

The global temperature management market projected to be valued at USD 2.40 Billion in 2017 & is expected to grow at a CAGR of 2.5% during forecast period to reach to USD 2.72 Billion by 2022. Base year considered for report is 2016. Some of key factors driving growth of this market include increase in incidence of chronic conditions, development of technologically advanced intravascular systems, large number of awareness campaigns/conferences for physicians, and growth in research funding.

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The temperature management market is segmented into patient warming systems and cooling systems. The patient cooling systems segment is expected to witness the highest growth during the forecast period. The growth of this segment is mainly due to their benefits in out-of-hospital settings.

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

Temperature management market further classified into general surgery, cardiology, neurology, thoracic surgery, orthopedics, pediatrics, and other medical specialties. Orthopedics segment expected to grow at the highest CAGR during forecast period. This growth can be attributed to growing number of knee and hip replacement procedures, rising prevalence of arthritis and musculoskeletal disorders, and increasing number of sports injury cases.

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North America held the largest share of the global temperature management market in 2017, while Asia-Pacific is expected to witness the highest growth during 2017 to 2022. Growing demand for cosmetic surgeries, rising incidence of cardiac arrests and CNS disorders, government efforts to increase access to elective surgeries, and improving healthcare infrastructure are driving the growth of the temperature management market.

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The number of companies offering temperature management devices is increasing, globally. Major market players are focusing on strengthening their product offerings, distribution networks, and geographic presence by entering into contracts and agreements with other established players in the market. For instance, in October 2016, 3M Company (U.S.) entered into an agreement with VitaHEAT Medical (U.S.) for the exclusive distribution of the VitaHEAT UB3 patient warming system in the U.S.

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