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Temperature Management Market 2023: Boosted Growth, Share, Insights, and Key Players - 3M Company, Becton, Dickinson and Company, Draegerwerk AG & Co. KGaA
Temperature Management Market
The Business Research Company's Temperature Management Global Market Report 2023 identifies the rise in the prevalence of chronic diseases is the major driver for the temperature management market's growth in the forecast period. For instance, in 2020, Cancer was the leading cause of death accounting for nearly 10 million deaths worldwide. A decrease in temperature increases the inflammation or multiplying of cancer cells in patients. It also acts as a predictor of death for critically ill cancer patients. Hyperthermia, a type of treatment that uses a high temperature, is therefore used for treating cancer patients. Therefore, maintaining temperature for patients with chronic diseases helps in decreasing the infection and saving lives which in turn drives the temperature management market.
The global temperature management market grew from $2.75 billion in 2022 to $2.84 billion in 2023 at a compound annual growth rate (CAGR) of 3.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global temperature management is expected to grow from $3.17 billion in 2027 at a CAGR of 2.8%.
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Major competitors in the temperature management market are 3M Company, Becton, Dickinson and Company, Draegerwerk AG & Co. KGaA, Smiths Medical, Stryker Corporation, The 37company (The Surgical Company),.
A key trend in the temperature management market includes adopting wearables are evolving at a rapid pace. Heat due to power consumption causes both circuit malfunctions and low-temperature burns to users. Therefore, researchers are proposing thermal management methods using wearable devices with higher performance. A wearable device is a patch that controls the temperature of the patient's body as per the wearer's preference.
Read More On The Global Temperature Management Market Report Here: https://www.thebusinessresearchcompany.com/report/temperature-management-global-market-report
The Temperature Management market is segmented -
1) By Product: Patient Warming Devices, Patient Cooling Devices
2) By Application: Surgery, Cardiology, Pediatrics, Neurology, Orthopedic Surgery, Other Applications
3) By End-Use: Operating Room, Neonatal ICU, Emergency Room, ICUs, Other End-Uses
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the temperature management market.
The Business Research Company's "Global Temperature Management Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Temperature Management Market Include:
1. Executive Summary
2. Temperature Management Market Characteristic
3. Temperature Management Market Trends And Strategies
4. Temperature Management Market - Macro Economic Scenario
5. Temperature Management Market Size And Growth
……………
27. Temperature Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Temperature Management Market
29. Temperature Management Market Future Outlook And Potential Analysis
30. Appendix
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