Patient temperature management market is expected to rise to an estimated value of USD 6.93 billion by 2026 registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing incidences of adoption of the product from home-care solutions coupled with increasing incidences of cancer.
This patient temperature management report provides an overview of the healthacare industry which is gaining momentum in the last few years. The market report uses a range of steps for collecting, recording, analysing and interpreting market data to make this report all-inclusive. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in this report. Estimates at a global as well as regional level are offered by the analysts. This industry analysis report speaks about the manufacturing process, type and applications. patient temperature management market report recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the market.
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Few of the major competitors currently working in the global patient temperature management market are 3M, BD, Stryker, Cincinnati Sub Zero, Smiths Medical, Inc., Medtronic, Geratherm Medical AG, Inspiration Healthcare Group plc, The 37Company, ZOLL Medical Corporation, Drägerwerk AG & Co. KGaA, Ecolab, Atom Medical Corp., Enthermics, Inc., Moeck & Moeck GmbH, Welkins, LLC, Halyard Worldwide, Inc., Augustine Temperature Management, Belmont Instrument, LLC and Delta Surgical, among others.
Key Developments in the Market:
In March 2019, Smiths Medical, Inc. announced the launch of a new patient temperature management product, a new “Level 1 convective warmer”. The product offers highly effective temperature management solutions while the patient is at a different level in a surgical procedure. The patient can undergo silent, straight-forward, secure temperature management with a variety of accessories coupled with the device.
In June 2018, Belmont Instrument, LLC announced that they had acquired “MTRE Advanced Technologies Ltd.”, the temperature management product division of Mennen Medical. This acquisition will result in extension of the product offerings available with Belmont Instrument, LLC as well as result in advancements in innovations of the technology associated with temperature management.
Global patient temperature management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of patient temperature management market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Growing prevalence of chronic disorders globally is expected to foster growth of the market value
Increasing number of expenditure incurred on research & developments resulting in innovations of technology is expected to drive the growth of the market
Increasing levels of surgical procedures being conducted worldwide; this factor is expected to positively affect the market value
Large costs associated with the devices & solutions restricting the growth of the market
Growing incidences of various products being recalled due to their lack of effectiveness and side-effects; this factor is expected to restrain the growth of the market
Segmentation: Global Patient Temperature Management Market
Patient Warming Systems
Surface Warming Systems
Convective Warming Systems
Conductive Warming Systems
Intravascular Warming Systems
Patient Cooling Systems
Surface Cooling Systems
Intravascular Cooling Systems
By Medical Specialty
Surgeons & Anesthesiologists
Preoperative Care Units
Intensive Care Units (ICU)
Coronary Care Units
Neurological Care Units
Neonatal Intensive Care Units
Middle East and Africa
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