Temperature Management Systems Market to grow up to USD 3.8 Billion by 2031, at a CAGR of 4.4% during the forecast period

New York, The Global Temperature Management Systems Market was valued at USD 2.5 Billion in 2021 and it is anticipated to grow up to USD 3.8 Billion by 2031, at a CAGR of 4.4% during the forecast period.

Global Temperature Management Systems Market report from Global Insight Services is the single authoritative source of intelligence on Temperature Management Systems Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Temperature management is a treatment carried out to maintain specific body temperature of a patient for specific duration. It improves health conditions and reduces risks of tissue injuries occurring due to lack of blood flow. The prevention of brain injuries and improvement in brain function following a cardiac arrest is possible using temperature management techniques. It also prevents secondary neurological injuries after central nervous systems trauma in animals.

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Market Trends and Drivers
Increase in the incidence of chronic disorders will boost the overall market growth. Globally, there has been an increase in the incidence of chronic conditions, such as strokes, cardiac arrests, and neurological diseases such as traumatic brain injury. Several research studies indicate that survivors of cardiac arrests can suffer from devastating neurological impairments. Temperature management devices are widely used in the prevention of neurological damage after cardiac arrests. The use of mild therapeutic hypothermia is considered to improve neurological outcomes after cardiopulmonary resuscitation. Thus, the increasing incidence of chronic diseases is expected to drive the demand for temperature management systems.

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Global Temperature Management Systems Market Segmental Overview
The report analyses the global temperature management system market based on product, application, end-use, and region.

Global Temperature Management Systems Market by Product

Based on product, it is segmented into patient warming systems and patient cooling systems. Patient warming system further sub-segmented into conventional warming system, surface warming system, and intravascular warming system. Whereas patient cooling systems sub-segmented into conventional cooling system, intravascular cooling system, and surface cooling system. Among these patient warming system segment is likely to account for the significant market share during the forecast period. In temperature management procedures, the number of surface warming procedures are more as compared to invasive cooling procedures due to the increasing adoption rate of surface warming systems in surgical procedures such as orthopaedic surgeries, gynaecology and obstetrics procedures, gastrointestinal procedures, and general surgeries.

Global Temperature Management Systems Market by Application

Based on application, it is segmented into cardiology, orthopedics, neurology and others. Out of these the cardiology segment is likely to dominate the market during the forecast period owing to globally cardiovascular along with musculoskeletal operations are done majorly in most of the regions. This raises the demand for temperature management devices usage in hospital rooms, intensive care units (ICUs), and other areas. Other factors such as rising prevalence of cardiovascular diseases along with development of technologically advanced intravascular systems for disease management will spur the segmental growth during the forecast period.

Global Temperature Management Systems Market by End-use

Based on end-use, it is segmented into operating rooms, intensive care units, emergency rooms. The intensive care unit (ICU) segment is likely to dominate the market during the forecast period. This growth is attributed to the large number of ICU admissions. The increase in the severity of illnesses among hospital patients is contributing to the increase in ICU admissions; consequently. Such factors driving the demand for temperature management systems used in these settings is anticipated to boost the segmental as well as market growth.

Geographical Analysis of Global Temperature Management Systems Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is accounted for the majority of market share during the forecast period. The large volume of surgical procedures performed in North American countries is a major factor driving market growth in this region. Growth in the geriatric population, the rising incidence of cardiac arrests and neurological disorders, and the availability of technologically advanced products such as standalone and battery-powered devices are the other factors supporting the North America temperature management market growth.

Major Players in the Global Temperature Management Systems Market
The key players in the market are 3M Company (US), Smiths Medical (US), ZOLL Medical (US), Becton, Dickinson and Company (US), Drägerwerk (Germany), Ecolab (US), GE Healthcare (US), Gentherm (US), Geratherm Medical (Germany), Inspiration Healthcare (UK), Medtronic (Ireland), and Stryker Corporation (US), among others

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