Patient temperature management market is expected to display a steady growth by 2027|CAGR: 7%| UnivDatos Market Insights

According to a new report published by UnivDatos Markets Insights, the patient temperature management market is expected to grow at a CAGR of around 7% from 2021-2027. The analysis has been segmented into the product (patient warming system and patient cooling system); application (surgery, neurology, cardiology, pediatrics, orthopedic surgery, and others); end-users (operating room, neonatal ICU, emergency room, ICUs, and others); region/country.

The patient temperature management market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the market. The patient temperature management market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the patient temperature management market at the global and regional levels.

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Market Overview
The increasing volume of surgical procedures is one of the key factors impacting the growth of the patient temperature management market. A large number of surgical procedures are being performed globally. Estimates from the Texas Heart Institute indicate over 500,000 coronary bypass procedures are performed each year. Administration of local or general anesthesia to patients before any surgical procedure results in decreased body temperature. Under these circumstances, warming systems are essential to avoid any further intraoperative hypothermia. Adoption of these systems further assists in minimizing the pre- and post-surgical complications and associated discomfort to the patient. Therefore, there is a growing need for modern temperature management systems along with rising demand for conventional warming and cooling devices.

COVID-19 Impact
COVID-19 has disrupted the supply chain of the material required to manufacture patient temperature management systems in many countries. Furthermore, patient temperature management is also declining as medical device manufacturers have slowed down their production because of the pandemic. Therefore, the pandemic had a significant impact on the patient temperature management market.

The global Patient temperature management market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

• Based on the product, the market has been distributed into, patient warming system and patient cooling system. In which patient warming systems owe a significant share in the market in 2021. The frequent usage during surgeries during the use of general anesthesia. General anesthesia provided before surgery lowers the patient's body temperature. Hence, pre-warming of the patient's body before surgery is required, thereby, reducing the risk of perioperative hypothermia. For instance, 3M Company introduced the 3M Bair Paws Warming Unit with 3M Bair Paws Warming Gown.
Based on end-users, the segment is separated into the operating room, neonatal ICU, emergency room, ICUs, and others, Among these, the operating room segment dominated the market and accounted for a significant share in 2021. Throughout pre-, post-, and perioperative surgeries, the patients need specific temperatures in the operating room in order to eliminate surgical complications. For instance, patients provided with anesthesia before surgery require warming therapies whereas during cardiac surgeries cooling therapies are required in operating rooms. Thus, with the rise in the number of surgeries, the demand for these products is expected to remain high.

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Patient temperature management Market Geographical Segmentation Includes:
• North America (the United States, Canada, and Rest of North America)
• Europe (Germany, the United Kingdom, France, Italy, Spain, and the Rest of Europe)
• Asia-Pacific (China, India, South Korea, Japan, and the Rest of Asia-Pacific)
• Rest of the World

The North American patient temperature management market captured a prominent position in the market and is projected to showcase substantial growth over the forecast period. This can be attributed to the rising geriatric population, increasing awareness regarding healthier lifestyles, and the increasing disposable income of consumers in the region. The presence of a prominent number of market competitors and the increase in cancer incidence rate are also crucial factors driving the regional market growth. According to the National Cancer Institute, ~1,806,590 new cancer cases were diagnosed in the U.S. in 2020. Furthermore, 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 growth of the temperature management market in North America.

The major players targeting the market include
• Stryker Corporation
• Medtronic Plc
• ZOLL Medical Corporation
• Bard Medical, Inc.
• Cincinnati Sub-Zero Products, LLC
• 3M Company
• Smiths Medical, Inc.
• Geratherm Medical AG
• The Surgical Company
• Atom Medical Corporation

Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Patient temperature management market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the patient temperature management market?
• Which factors are influencing the patient temperature management market over the forecast period?
• What are the global challenges, threats, and risks in the patient temperature management market?
• Which factors are propelling and restraining the patient temperature management market?
• What are the demanding global regions of the patient temperature management market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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