Global patient temperature management market was valued at USD 2.64 Billion in 2018. It is forecast to grow at an attractive 8.5% CAGR over the forecast period. The growth is being positively influenced by the increasing number of surgical procedures.
Globally, there are many surgical procedures. According to the Texas Heart Institute, more than 500,000 coronary bypass procedures occur each year. Low body temperatures can be caused by anesthesia being administered to patients prior to any surgery. To avoid further hypothermia, warming systems should be used in these situations. These systems can be used to minimize discomfort and pre- and/or post-surgical complications.
The rising incidence of cancer and cardiovascular disease has led to a high demand for cooling and heating devices. A drop in body temperature can lead to the multiplication of cancer cells. To counter this problem, patient warming systems are combined with chemotherapy and radiation therapy. The increasing number of strokes and heart attacks is another important growth driver. To increase survival rates and allow normal brain function, the body must be kept relatively cool during such situations. New temperature management systems such as head caps, blankets, and surface pads are expected to increase the demand.
The increasing demand for temperature management systems has led the development of many surface cooling and warming systems. This has further accelerated the growth of the patient temperature management market. 3M is a major market player and has created the Bair Hugger product portfolio, which includes a variety of blankets such as full-body, specialty, and underbody.
Due to their widespread use during general anesthesia surgeries, patient warming systems dominated the market in 2018. The patient's body temperature is lower when general anesthesia is administered before surgery. Prewarming the body is necessary before surgery to reduce the chance of hypothermia. 3M Company, for example, introduced 3M Bair Paws Warming Unit and 3M Bair Paws Warming Gown.
Due to increasing cardiac surgery and the need for low temperatures to eliminate adverse neurologic outcomes and brain trauma injuries, patient cooling systems will experience significant growth. To reduce the chance of adverse outcomes in patients with traumatic brain injuries and increase survival rates, cold temperatures are also required.
In 2018, surgery held the largest market share. This growth is due to the increasing number of gynecology and cardiac surgeries. Pre-, post-, and perioperative surgery procedures are all dominated by temperature management systems. These devices can also be used to address complications at the surgical site.
Due to an increasing number of cardiovascular diseases, the cardiology segment will see significant growth in the future. According to The Heart Foundation in the United States, around 720,000 people are affected by a heart attack each year. For cardiac diseases such as stroke or heart attack, cold temperatures are necessary to eliminate any risk of trauma brain injuries. This is why there is a high demand for cooling devices.
The operating room segment was the most profitable in 2018, and it is expected to continue its lucrative growth. To prevent surgical complications, the operating room must be kept at a certain temperature during pre-, post and perioperative procedures. Patients who have received anesthesia prior to surgery will need warming treatments, while patients who have had cardiac surgery will require cooling therapies. These products will continue to be in demand due to the increase in surgeries.
The neonatal ICU held a significant revenue share in 2018, which was largely due to the growing number of premature births and childbirths. This required a lot of support with temperature management devices in neonatal ICUs. Premature infants are at risk of hypothermia because they are exposed to cold temperatures in neonatal ICUs. They are kept warm by neonatal ICU patient warming systems.
Due to the rising number of heart surgeries and the increasing healthcare spending in the U.S., North America was the leader in 2018. It also enjoys a favorable reimbursement system, which is driving penetration of temperature management systems.
Asia Pacific will see lucrative growth in the future due to high growth opportunities to meet the unmet needs. According to the National Health Mission there was a 10-fold increase in surgeries in India between 2009-10 and 2014-15.
According to the World Heart Federation, cardiovascular diseases such as stroke and heart disease are expected to increase by 50% in China between 2010- 2030. The growth of regional markets is also expected to be driven by the increasing number of surgeries and road accidents in India.
Stryker Corporation, Medtronic, ZOLL Medical Corporation, Bard Medical, Inc., Cincinnati Sub-Zero Products, LLC, 3M Company, Smiths Medical, Inc., Geratherm Medical AG, Inditherm Plc, and Atom Medical Corporation are some of the top companies in this market.
To meet the growing needs of patients, major companies are embracing initiatives like mergers and acquisitions, product development and geographic expansions. ZOLL Medical Corporation, for example, announced in March 2016 that Asahi Kasei ZOLL Medical Corp. had been approved by Japan's Pharmaceuticals and Medical Devices Agency to commercially market its Thermogard XP Temperature Management System (TGXP), which aids in treatment during sudden cardiac arrest.
This report forecasts revenue growth at the global, regional and country level. It also provides analysis of industry trends and potential opportunities in each sub-segment from 2015 to 2026. Grand View Research has divided the global market for patient temperature management on the basis product, application, end use, and region.
Product Outlook (Revenue USD Million 2015 - 2026)
Patient Warming Systems
Conventional Heating Systems
Surface Heating Systems
Intravascular Warming Systems
Patient Cooling Systems
Conventional Cooling Systems
Surface Cooling Systems
Intravascular Cooling Systems
Application Outlook (Revenue USD Million, 2015-2026)
Surgery
Cardiology
Pediatrics
Neurology
Orthopedic Surgery
Other
End-Use Outlook, Revenue, USD Million, 2015-2026
Operating Room
Neonatal ICU
An emergency room
ICUs
Other
Regional Outlook (Revenue USD Million, 2015-2026)
North America
The U.S.
Canada
Europe
Germany
The U.K.
Spain
France
Italy
Russia
Asia Pacific
China
Japan
India
South Korea
Singapore
Australia
Latin America
Brazil
Mexico
Argentina
MEA
South Africa
Saudi Arabia
UAE
b. Global Patient Temperature Management market was valued at USD 2.8 Billion in 2019, and is forecast to grow to USD 3 Billion by 2020.
How is patient temperature management market growth measured?b. Global Patient Temperature Management is forecast to grow at an annual compound growth rate of 8.5% between 2019 and 2026, reaching USD 4.9 billion in 2026.
Which market segment had the largest share of patient temperature management?b. With a 40% share in 2019, North America was the dominant market for Patient Temperature Management. This is due to the rising number of cardiac surgeries and favorable reimbursement. It also reflects an increase in healthcare spending in U.S.
What are the major players in the patient temperature management marketb. Stryker Corporation, Medtronic, ZOLL Medical Corporation, Bard Medical, Inc., Cincinnati Sub-Zero Products, LLC, 3M Company, Smiths Medical, Inc., Geratherm Medical AG, Inditherm Plc, and Atom Medical Corporation are some of the key players in the Patient Temperature Management Market.
What are the driving factors for the market in patient temperature management?b. Market growth is driven by the following key factors: increasing number of surgeries, increase in road accidents & other traumas, and presence of extreme environmental conditions at remote locations.
Up Market Research published a new report titled “Patient Temperature Management Market research report which is segmented by Product (Patient Cooling Systems, Patient Warming Systems), By Players/Companies Inc; Cincinnati Sub-Zero Products, Inc; Geratherm Medical AG; The 37Company; Inditherm Plc; and Atom Medical Corporation, LLC; 3M Company; Smiths Medical, Stryker Corporation; Medtronic; ZOLL Medical Corporation; Bard Medical”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Patient Temperature Management Market Research Report |
By Product | Patient Cooling Systems, Patient Warming Systems |
By Companies | Inc; Cincinnati Sub-Zero Products, Inc; Geratherm Medical AG; The 37Company; Inditherm Plc; and Atom Medical Corporation, LLC; 3M Company; Smiths Medical, Stryker Corporation; Medtronic; ZOLL Medical Corporation; Bard Medical |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 250 |
Number of Tables & Figures | 175 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Patient Cooling Systems, Patient Warming Systems).
Patient Temperature Management Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Patient Temperature Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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