Press release
Temperature Modulation Devices Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Temperature Modulation Devices
The growing number of surgical procedures is expected to drive the temperature modulation devices market. Advances in healthcare access and infrastructure have led to more surgical procedures. Temperature modulation devices are crucial for maintaining the patient's body temperature during surgery, ensuring safety and comfort. The British Association of Aesthetic Plastic Surgeons reported a 102% increase in cosmetic surgeries from 2021 to 2022. This rise in surgical procedures is propelling the temperature modulation devices market.
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What Is the projected market size and growth rate for the temperature modulation devices market?
The temperature modulation devices market has seen strong growth in recent years. It will grow from $3.19 billion in 2024 to $3.51 billion in 2025, at a CAGR of 9.9%. This growth can be attributed to rising industrialization, growing healthcare demands, increased agricultural needs, expanding scientific research, and heightened environmental concerns.
The temperature modulation devices market is projected to reach $5.04 billion by 2029 at a CAGR of 9.5%. This growth is due to urbanization, climate change impacts, demand for energy efficiency, IoT integration, and healthcare and pharmaceutical innovations. Key trends include smart systems, renewable energy integration, precision control, modular designs, and predictive maintenance solutions.
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What new trends are reshaping the temperature modulation devices market and its opportunities?
Companies in the temperature modulation devices market are creating advanced technologies with features like waveform digitization to improve temperature control in clinical settings. Waveform digitization converts analog signals into digital ones to regulate temperature more accurately. For example, in March 2024, Omron Corporation, a Japanese electrical equipment company, launched the OMRON NX-HTC temperature controller. It features a waveform digitization function, advanced analytics, and real-time monitoring to improve operational efficiency and patient care in clinical settings.
What major market segments define the scope and growth of the temperature modulation devices market?
The temperature modulation devices market covered in this report is segmented -
1) By Product: Portable Blood Or IV Fluid Warmers, Conductive Patient Warming Systems, Convective Patient Warming Systems, Conductive Patient Cooling Systems, Other Products
2) By Application: Perioperative Care, Acute Care, Coronary Care, Newborn Care, Other Applications
3) By End Use: Hospitals, Diagnostic Laboratories, Ambulatory Surgical Centers, Other End User
Subsegments:
1) By Portable Blood Or Iv Fluid Warmers: Battery-Powered Warmers, Rechargeable Warmers
2) By Conductive Patient Warming Systems: Warming Blankets, Warming Pads
3) By Convective Patient Warming Systems: Forced Air Warming Systems, Convection Warming Blankets
4) By Conductive Patient Cooling Systems: Cooling Pads, Cooling Blankets
5) By Other Products: Temperature Monitoring Devices, Intravenous (Iv) Fluid Cooling Systems
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Which geographical regions are pioneering growth in the temperature modulation devices market?
North America was the largest region in the temperature modulation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the temperature modulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the temperature modulation devices industry growth?
Major companies operating in the temperature modulation devices market are Thermo Fisher Scientific Inc., Medtronic plc, ABB Group, FUJIFILM Holdings Corporation, Kimberly-Clark Corporation, Becton Dickinson and Company, Stryker Corporation, Baxter Laboratories Inc., Analog Devices Inc., Shimadzu Corporation, Smiths Group, Drägerwerk AG & Co KGaA, ICU Medical Inc., Masimo Corporation, ZOLL Medical Corporation, Gentherm Medical LLC, Cincinnati Sub-Zero (CSZ) Products LLC, Soma Technology Inc., Belmont Medical Technologies, The Surgical Company, BrainCool AB, Minnesota Mining and Manufacturing Company, Hirtz & Co. KG, EMIT Corporation, Keewell Medical Technology Co Ltd
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What Is Covered In The Temperature Modulation Devices Global Market Report?
•Market Size Forecast: Examine the temperature modulation devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the temperature modulation devices market for a structured understanding.
•Key Players Overview: Analyze major players in the temperature modulation devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the temperature modulation devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the temperature modulation devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the temperature modulation devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the temperature modulation devices market.
•Competitive Landscape: Review strategic developments in the temperature modulation devices market, including expansions, agreements, and new product launches.
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