Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Temperature Management Systems market. Market segmentation includes Application - General Surgery, Cardiology, Neurology, Orthopedic Surgery, Pediatrics and Other Applications.
The global market for these systems is propelled by rising cases of strokes and cardiac arrest coupled with increasing number of surgical interventions that rely on anesthesia administration, which results in drop in body temperature and requires the use of temperature management solutions to prevent the development of intra-operative hypothermia. The demand for these systems is also propelled by rising incidence of cardiac conditions and strokes along with increasing cases of cancer that result in lower body temperature owing to proliferation of cancer cells. The adoption of temperature management systems is also facilitated by their ability to reduce treatment cost and surgical complications. Another prominent factor that is driving the market growth is increasing number of agreements and contracts among market participants to bolster their regional footprints and product portfolios. In addition, increasing R&D investments are anticipated to result in launch of new and advanced products, which is bound to push overall uptake of these solutions. On the other hand, the incomplete implementation and underuse of these systems remains a key market barrier. The market expansion is also impeded by expensive nature of intravascular temperature management systems and associated accessories.
The global market for temperature management systems continues to be commanded by patient warming systems, with the segment anticipated to retain its strong position in the coming years due to rising adoption in surgeries. These systems are used to manage hypothermia or drop in body temperature following administration of specific anesthesia. Patient warming systems are commonly used to pre-warm the body of patients before surgery to mitigate the changes of developing perioperative hypothermia. Patients undergoing colorectal surgery hold high risk of surgical site infections due to perioperative hypothermia, which creates the demand for patient warming systems. The patient warming system segment is led by surface patient warming systems that occupied the major revenues share in 2019. Temperature management procedures rely more on surface warming than invasive cooling procedures, which remains the primary driver of these systems for surgical procedures like orthopedic, gynecology & obstetrics, general and gastrointestinal surgeries. On the other side, the patient cooling system segment of the global temperature management system market is estimated to register a lucrative growth rate due to the increasing number of cardiac surgeries. The segment's growth is also bolstered by increasing need for low temperature to eliminate the risk of adverse neurologic outcome and associated brain injuries.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 14932. Among this pool, 1792 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 448 unique participations, a total of 202 validated responses were received as part of this report's primary research outreach program.
Key Competitors Covered in the Report -
ZOLL Medical Corporation
Dragerwerk AG & Co. KGaA
Geratherm Medical AG
BARD, A Becton, Dickinson Company
Inspiration Healthcare Group Plc
Cincinnati Sub-Zero Products, LLC
Segments Covered in the Report -
Product (Patient Warming Systems, Patient Cooling Systems)
Application (General Surgery, Cardiology, Neurology, Orthopedic Surgery, Pediatrics, Other Applications)
End-Use (Operating Rooms, ICUs, Emergency Rooms, Neonatal ICUs, Other End-Uses)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Rest of Middle East
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.