The Top Five Vendors in Global Patient Temperature Management Market

The Temperature Management market which consists of Patient Warming System and Patient Cooling System is going to be a US$ 1.6 billion market till 2021. This huge growth in the market has led the way for a gigantic competition among the existing as well as the emerging vendors. The patient temperature management market is highly competitive with presence of large, medium, and small players. Some of the major players in this market are The 3M Company (US), Smiths Group plc (US), Covidien plc (Ireland), Stryker Corp. (US), and C. R. Bard (US). Other notable players in the market are ZOLL Medical Corp. (US), Geratherm Medical AG (Germany), Inditherm plc (UK), Cincinnati Sub-Zero Medical Division (US), and the 37 Company (the Netherlands). In this highly competitive market, players have adopted various strategies such as partnerships, agreements, collaborations, joint ventures, expansions, new product launches, and mergers and acquisitions to strengthen their foothold in the market.

We have mentioned the merger and acquisition and key strategies of the top five vendors here

The 3M Company

The company which has a strong geographical presence in 70 countries across North America, APAC, Europe, EMEA, and Latin America, mostly focuses on the development of new products to accelerate its organic growth. Moreover, the company focuses on inorganic growth strategies such as strategic acquisitions to strengthen its patient warming business and increase its share in the patient temperature management market.

“The acquisition of Arizant, a manufacturer of patient warming systems,led to the expansion of the company’s portfolio for temperature management."

Smiths Group plc

Smith Medical Foundation , is a group of Smith Group Plc and is operating in more than 30 countries. The company not only has a strong foot hold in the market but also has been a reputed brand in temperature management market. The company majorly focuses on expanding its business in the emerging markets across all geographies.

“in January 2011, the company established its subsidiary in India to cater the emerging markets. Also, the company increased the size of its workforce in Brazil, China, India, South East Asian countries, and the Middle East markets.”

C.R. Bard

The company is one of the oldest player in the medical devices market. The company’s major strength lies in its long-term presence (more than 100 years). It majorly focuses on merger and acquisition along with targeting the clinicians to purchase the medical devices.

“ The company in October 2011 acquired Medivance, a market leader in therapeutic hypothermia, which helped the company to expand its portfolio for temperature management.”

Stryker

Stryker is one of the leader in the medical technology world. Its temperature management sub-segment provides hyper/hypothermia systems, localized therapy systems, blood fluid warming systems, and forced air-warming systems.

“In 2011, the company acquired Gaymar Industries, a US-based manufacturer and supplier of patient temperature management devices. This enabled the company to strengthen its product portfolio and widen its customer base.”

Medtronic plc (Covidien plc)

Medtronic plc has a wide range of temperature management systems and operates through 41 manufacturing facilities in 17 countries and markets its products in more than 150 countries. The company focuses on R&D as its major strategy for growth.

"Medtronic acquired Covidien plc (Ireland). Covidien plc is engaged into development, manufacturing, and sells of healthcare products used in home and clinical settings. With the acquisition of Covidien, Medtronic entered into the temperature management market.”

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