Temperature Management Market | Ongoing Trends and Recent Developments | Major Key Players like 3M Company (US), Medtronic (Ireland), Smiths Medical (US)

Some of the key factors driving the growth of Temperature Management Market include the increase in the incidence of chronic conditions, development of technologically advanced intravascular systems, a large number of awareness campaigns/conferences for physicians, and growth in research funding.

What The Market Looks Like?

The temperature management market is expected to reach $2.72 Billion by 2022, at a CAGR of 2.5%. North America accounted for the largest share of this market, followed by Europe.

On the basis of product, the temperature management market is broadly segmented into patient warming systems and patient cooling systems. In 2017, patient warming systems segment is expected to account for the largest share of this market. The rising demand for these systems in diverse hospital settings is the major factor driving market growth.

Based on medical specialty, the temperature management market is categorized into general surgery, cardiology, neurology, thoracic surgery, orthopedics, pediatrics, and other medical specialties. In 2017, the general surgery segment is expected to account for the largest share of the temperature management market. The rising incidence of colorectal cancer, GI disorders, and endocrine disorders are the major factors driving the growth of this market.

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What Drives The Market?

The growth of the global market for temperature management is primarily influenced by the following factors:

- Increase in the Incidence of Chronic Conditions

- Increasing Number of Surgical Procedures

- Growing Number of Contracts and Agreements Between Market Players

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Geographical Analysis Of Global Temperature Management Market:

North America is expected to account for the largest share of the temperature management market in 2017, followed by Europe. Growth in the geriatric population, rising incidence of cardiac arrests and neurological disorders, and the availability of technologically advanced products are some of the factors supporting the growth of the temperature management market in North America.

Key Market Players and Strategies Adopted by Them:

The key players in the global temperature management market are 3M Company (U.S.), Smiths Medical (U.K.), Medtronic plc (Ireland), 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.)

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