Temperature Management Market Competitor Analysis And Overview 2024-2033

"The new report published by The Business Research Company, titled ""Temperature Management Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the temperature management market size has grown steadily in recent years. It will grow from $2.84 billion in 2023 to $2.93 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The temperature management market size is expected to see steadily grown in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%.

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Rising Prevalence Of Chronic Diseases Drives Growth Of The Temperature Management Market
Rise in the prevalence of chronic diseases is expected to propel the growth of the temperature management market going forward. Chronic diseases refer to ailments that last for a year or longer, impede everyday activities, require continuing medical care, or both. Temperature management can help in chronic diseases, including neurological conditions that result from cardiac arrest. It is a medical intervention that aims to reduce mortality and improve neurological outcomes in unresponsive patients who achieve Return of Spontaneous Circulation (ROSC) after cardiac arrest. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, the increasing incidence of chronic diseases is driving the growth of the temperature management market.

Emerging Trends In The Temperature Management System Market: The Evolution Of Wearable Devices
Wearables are evolving at a rapid pace and are expected to be the new trend in the temperature management system market. 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. For instance, the company Embr Labs has released a watch or bracelet called Embr Wave that makes the person feel warmer or cooler based on his preference, thereby acting as a personal thermostat.

The temperature management market covered in this report 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

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Major companies operating in the temperature management market include 3M Company, Becton Dickinson and Company, Draegerwerk AG & Co. KGaA, Smiths Medical, Stryker Corporation, The 37company (The Surgical Company), Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation), C. R. Bard, Mennen Medical, Medtronic plc, The 37Company, Belmont Instruments, EMBRlabs, Enthermics Medical Systems, Fisher & Paykel Healthcare Limited, Gaymar Industries Inc., Getinge AB, Halyard Health Inc., Inditherm Medical, KARL STORZ SE & Co. KG, Masimo Corporation, Mennen Medical Ltd., Merit Medical Systems Inc., MicroTherapeutics Inc., Philips Healthcare, Smith & Nephew plc, Teleflex Incorporated, Terumo Corporation, ZOLL Medical Corporation

Contents of the report:
1. Executive Summary
2. Temperature Management Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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