Patient Temperature Management Market Key Players: 3M Company, Smiths Medical, Inc., The 37Company, And Inditherm Plc
Patient Temperature Management Industry Overview
The global patient temperature management market size was valued at USD 3.2 billion in 2021 and is expected to expand at compounded annual growth rate (CAGR) of 8.8% from 2022 to 2030. Increasing volume of surgical procedures is one of the significant factors impacting growth of the patient temperature management market.
Large number of surgical procedures is being performed globally. Estimates from the Texas Heart Institute indicate over 500,000 coronary bypass procedures are performed each year. Administration of local or general anaesthesia to patients before any surgical procedure results in decreased body temperature. Under these circumstances, warming systems are essential to avoid any further intraoperative hypothermia. Adoption of these systems further assists in minimizing the pre andpost-surgical complications and associated discomfort to the patient.
Gather more insights about the market drivers, restrains and growth of the Global Patient Temperature Management market
Rising prevalence of cardiovascular diseases and cancer has encouraged the high demand for warming and cooling devices. In cancer cases, the drop in body temperature results in multiplication of cancer cells in the patient’s body. In order to combat this problem, patient warming systems are used along with radiation therapy and chemotherapy. In addition, increasing incidences of heart attack and stroke is also considered as a significant driver impacting the growth of the market. During such instances, the body needs to be relatively cooler in order to increase survival rate and enable normal brain functioning.
Technological advancements are also projected to increase the market demand due to the introduction of new temperature management systems, such as surface pads, blankets, and head caps. The growing need for modern temperature management systems has led to the introduction of a wide range of surface warming and cooling systems, which has further accelerated the market growth. For instance, one of the key market players, 3M, has developed its Bair Hugger product range, which consists of a complete portfolio of blankets, such as specialty, under body, full body, plus others.
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Patient Temperature Management Market Segmentation
Grand View Research has segmented the global patient temperature management market based on the product, application, end use, and region:
Patient Temperature Management Product Outlook (Revenue, USD Million; 2018 - 2030)
- Patient Warming Systems
- Conventional Warming Systems
- Surface Warming Systems
- Intravascular Warming Systems
- Patient Cooling Systems
- Conventional Cooling Systems
- Surface Cooling Systems
- Intravascular Cooling Systems
Patient Temperature Management Application Outlook (Revenue, USD Million; 2018 - 2030)
- Surgery
- Cardiology
- Pediatrics
- Neurology
- Orthopedic Surgery
- Others
Patient Temperature Management End-use Outlook (Revenue, USD Million; 2018 - 2030)
- Operating Room
- Neonatal ICU
- Emergency Room
- ICUs
- Others
Patient Temperature Management Regional Outlook (Revenue, USD Million; 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- March, 2016: ZOLL Medical Corporation announced that its Japanese subsidiary, Asahi Kasei ZOLL Medical Corp.
Key Companies profiled:
Some of the major companies in the global patient temperature management market include:
- Stryker Corporation
- Medtronic
- ZOLL Medical Corporation
- Bard Medical, Inc.
- Cincinnati Sub-Zero Products, LLC
- 3M Company
- Smiths Medical, Inc.
- Geratherm Medical AG
- The 37Company
- Inditherm Plc;
- Atom Medical Corporation
Order a free sample PDF of the Patient Temperature Management Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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