Targeted Temperature Management Market Share & Trends Analysis Report, By Region And Segment Forecasts 2024-2031 | Smiths Medical, Inc, Medtronic Plc, Stryker Corporation.

DataM Intelligence has released a new research report on the Targeted Temperature Management market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

Targeted Temperature management (Therapeutic Hypothermia) Market size was valued at USD 2,834.60 million in 2023 and is estimated to reach at a compound annual growth rate (CAGR) of 6.50% over the forecast period 2024-2031.

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The targeted temperature management orthosis and prosthetics market focuses on devices designed to regulate and maintain specific temperature levels for patients undergoing treatment for various medical conditions. These products are especially significant for managing temperature in individuals with neurological injuries, stroke, or post-surgery recovery. The increasing incidence of chronic illnesses and the growing demand for personalized healthcare solutions are driving the market's expansion.

List of the Key Players in the Targeted Temperature Management Market:

Smiths Medical, Inc, Medtronic Plc, Stryker Corporation, 3M Health Care, Qool Therapeutics, Seiratherm GmbH, ZOLL Medical Corporation, Gentherm (Cincinnati Sub-Zero Products), Becton, Dickinson and Company, Drägerwerk AG & Co. KGaA, EMCOOLS Medical Cooling Systems GmbH, Attune Medical, BrainCool AB, Belmont Medical Technologies.

Market Dynamics:

The rising number of surgical procedures is a significant factor driving the temperature management market.

As our population ages, more surgical interventions are becoming necessary. According to the World Health Organization, the number of surgical procedures performed worldwide is expected to surge from 300 million in 2012 to around 400 million by 2020. The United Nations projects that the population aged 60 and over will increase by 56%, growing from 901 million in 2015 to 1.4 billion by 2030. By 2050, this demographic is anticipated to double, reaching nearly 2.1 billion individuals.

In Europe, for example, a large number of surgeries, including cataract surgeries and colonoscopies, are being performed. Data from Eurostat in 2017 indicated that there were about 35,860 thousand surgical procedures in Europe, including hip implants, major peritoneal surgeries, thoracic surgeries, ENT surgeries, and surgeries related to the central nervous system. This figure is projected to rise to 41,818 thousand procedures by 2023.

Research Process:

Both primary and secondary data sources have been used in the global Targeted Temperature Management Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Targeted Temperature Management Market:

By Technique Type: Non-invasive, Invasive.

By Device Type: Patient Warming Systems, Patient Cooling Systems.

By Application: Neurology, Cardiology, Neonatal care, Orthopedics, Others.

By End-User: Hospitals, Emergency units, Ambulatory surgical centers, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Targeted Temperature Management market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Targeted Temperature Management Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Targeted Temperature Management market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Targeted Temperature Management Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Targeted Temperature Management market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Targeted Temperature Management market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Targeted Temperature Management market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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