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Temperature Management Systems Market worth $3.3 billion by 2026 - Leading Key Players are 3M (US), Ecolab (US), GE Healthcare (US)

10-14-2021 12:21 PM CET | Health & Medicine

Press release from: MarketsandMarkets™ INC.

Temperature Management Systems Market

Temperature Management Systems Market

According to the new market research report "Temperature Management Systems Market by Product (Warming Systems (Surface Warming), Cooling Systems), Application (Perioperative Care, Acute Care, Newborn Care), Medical Speciality (Cardiology, Neurology, Paediatrics, Orthopaedic) – Global Forecast to 2026", published by MarketsandMarkets™, is projected to reach USD 3.3 billion by 2026 from USD 2.7 billion in 2021, at a CAGR of 3.6% during the forecast period.

Browse in-depth TOC on "Temperature Management Systems Market"

334 – Tables
55 – Figures
298 – Pages

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The Market growth is largely driven by factors increasing the global incidence of chronic conditions and the subsequent increase in the number of surgical procedures. The growing number of contracts and agreements between market players is also expected to offer a wide range of growth opportunities for market players during the forecast period.

Perioperative care commanded the largest share of the temperature management systems market in 2020

By applications, the temperature management market is segmented into perioperative care, acute care, newborn care, and other applications. Among these, the perioperative care segment accounted for the largest share of the market in 2020. The increasing number of surgical procedures performed worldwide is the major factor driving the growth of this application segment. In addition, technological advancements, product development and launches, and growing partnership between key market players and hospitals are also supporting market growth.

General Surgery segment dominated the temperature management systems market in 2020

Based on medical specialty, the temperature management market is segmented into general surgery, cardiology, neurology, thoracic surgery, orthopedic surgery, pediatrics, and other medical specialties (such as ophthalmic, bariatric, and cosmetic surgeries). The general surgery segment accounted for the largest share of the market in 2020. The large share of this segment can primarily be attributed to the large number of general surgery procedures performed worldwide.

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Asia Pacific to grow at the highest CAGR of the temperature management systems market in 2020.

The temperature management system market is divided into four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2020, North America accounted for the largest share of this market, followed by Europe. The market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. This is primarily attributed to factors such as the growing demand for aesthetic and medical surgeries, rising incidence of cardiac arrests and CNS disorders, government efforts to increase access to elective surgeries, and improving healthcare infrastructures.

The major players operating in this market are 3M Company (US), Medtronic (Ireland), Smiths Medical (US), Stryker (US), ZOLL Medical (a subsidiary of Asahi Kasei) (Japan), BD Company (US), Drägerwerk (Germany), Baxter (US), Ecolab (US), GE Healthcare (US), Inspiration Healthcare Group plc (UK), and Encompass Group (UK).

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Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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