Press release
Temperature Management Systems Market is anticipated to grow at a CAGR of 4.4% during the forecast period 2023-2032 | Ecolab, GE Healthcare, Gentherm, Geratherm Medical
Temperature Management Systems Market
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.
Market Restraints and Challenges
High cost of intravascular temperature management systems may hampers the industry growth. Intravascular temperature management systems provide rapid, safe, and effective management of the core body temperature of patients. However, the cost of these systems and accessories is significantly higher than that of noninvasive systems and accessories. This may restrain the temperature management systems industry expansion.
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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), among others
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Reasons to buy Temperature Management Systems Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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