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Temperature Management Systems Market Is Anticipated To Record A Valuation Of USD 3,343.41 Million By 2028
Temperature Management Systems Market, Temperature Management Systems Market size, Temperature Management Systems Market share, Te
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The temperature management systems market is projected to reach US$ 3,343.41 million by 2028 from US$ 2,332.93 million in 2021; it is expected to grow at a CAGR of 5.3% from 2021 to 2028.
Temperature management systems, called as thermal management systems, utilizes heat transfer and thermodynamics to manage the temperature of a system. Temperature management systems aid in regulating and maintaining the normal body temperature of patients in intensive care, resting rooms, OT's, and other regions of hospitals. These systems are captious for patients in every setting. Temperature management is a type of active treatment for a specific period during recovery when the blood flow to the brain is poor. The factors such as the increasing prevalence of chronic disease and cardiovascular diseases and rising number of surgical procedure drive the growth of the temperature management systems market. However, high cost of these products is expected to restrict the market growth to a certain extent during the forecast period.
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Product-Based Insights
Based on product, the temperature management systems market is categorized into patient warming systems and patient cooling systems. The patient warming systems segment held a larger share of the market in 2020, whereas the patient cooling systems is anticipated to register the highest CAGR in the market during the forecast period.
Application -Based Insights
Based on application, the temperature management systems market has been segmented into perioperative care, acute care, newborn care, and others. The perioperative care segment held the largest share of the market in 2020, whereas the acute care segment is estimated to register the highest CAGR in the market during the forecast period.
Medical Indication-Based Insights
Based on medical indication, the temperature management systems market has been segmented into general surgery, cardiology, neurology, pediatrics, orthopedic surgery, thoracic surgery, and others. The general surgery segment held the largest share of the market in 2020, whereas the cardiology segment is estimated to register the highest CAGR in the market during the forecast period.
The prominent/emerging players in the Temperature Management Systems Market research include:
• 3M
• ZOLL MEDICAL CORPORATION
• BD
• Smiths Medical
• Dragerwerk AG & Co. KGaA
• Ecolab
• GENTHERM
• Geratherm Medical AG
• Inspiration Healthcare Group plc
• Stryker Corporation
Company overview:
Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Financial performance:
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title "financial performance" (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (sbus) and others.
Product benchmarking:
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Strategic initiatives:
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
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The insight partners is a one stop Market research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as semiconductor and electronics, aerospace and defense, automotive and transportation, Temperature Management Systems, healthcare it, manufacturing and construction, medical device, technology, media and telecommunications, chemicals and materials.
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