Press release
Global Temperature Management Systems Industry Revenues To Grow At Nearly CAGR 4.4% By 2031
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.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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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)
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Global Temperature Management Systems Market Segmentation
Product
Instruments
Patient Warming Systems
Conventional Warming System
Surface Warming System
Intravascular Warming System
Patient Cooling Systems
Conventional Cooling System
Intravascular Cooling System
Surface Cooling System
Process
Cardiology
Orthopedics
Neurology
Others
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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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