Global Temperature Management Systems Market, By Product Type (Patient Warming Systems and Patient Cooling Systems), By Application (Cardiology, Orthopedics, Neurology, and Others), By End-User (Operating Rooms, Intensive Care Units, Emergency Rooms, and Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: July 2021
- Report ID: BWC21408
- Available Format: PDF
- Page: 154
Report Overview
Global Temperature Management Systems Market- Industry Trends & Forecast Report 2027
The global temperature management systems market was worth USD 3.5 billion in 2020 and is further projected to reach USD 5.2 billion by the year 2027, growing at a CAGR of 6.4% in the forecast period (2021-2027). The anticipated growth in revenue can be attributed to rising cases of chronic diseases, along with the expanding demand for surgical procedures across the globe. Furthermore, with new market participants offering a diverse range of products, the global temperature management systems market is likely to grow further during the forecast period.
Source: BlueWeave Consulting
Global Temperature Management Systems Market- Overview
Temperature management devices are instruments or tools which are used to manage and regulate human body temperature. A person's body temperature is a reliable indicator of his or her physical well-being. Temperature monitoring is important in healthcare settings as it affects various physiological parameters in patients. Thus, temperature monitoring devices are mainly used inside recovery rooms, operation theaters, and other critical spaces in healthcare facilities. After surgery or operation, the human body is in an extremely vulnerable stage of recovery, where it is unable to maintain body temperature on its own. As a result, artificial devices are used to regulate the temperature.
Global Temperature Management Systems Market Forecast and Trends
Growth Drivers
Growing Number of Medical Procedures Worldwide
The number of surgeries and other medical procedures like biopsy, endoscopy, reconstructive surgeries, etc. all around the world is rising rapidly. Giving anesthesia to patients before surgery is a critical step in minimizing pain. Anesthesia, on the other hand, drastically lowers body temperature, exposing patients to the risk of hypothermia. Therefore, hospitals install temperature management systems to minimize the risk and avoid pre-or post-surgical complications. This is pulling a significant demand for temperature management systems.
Rising Prevalence of Cardiovascular and Other Chronic Conditions
The increasing prevalence of cardiovascular diseases and cancer are contributing significantly to the demand for temperature management systems. According to the National Institutes of Health, adults over the age of 65 are considerably more likely to have a heart attack, develop coronary heart disease, or suffer from heart failure. Heart disease is also a major cause of disability, limiting activities and lowering the quality of life for millions of elderly people. Low body temperature increases the risk of heart attacks and strokes. A drop in the body temperature also increases the risk of multiplication of cancer cells too. Therefore, radiation therapy and chemotherapy are frequently combined with controlling body temperature as a treatment.
Restraints
Expensive Temperature Management Systems will hinder the Market Growth
Temperature management systems are highly effective in maintaining body temperature during surgeries and other medical procedures. However, such devices are very expensive, and not every hospital can afford to install these. These systems are also costlier than the other noninvasive systems available in the market. Therefore, healthcare facilities often opt for the latter option due to a shortage of sufficient funds. This is especially crucial for the emerging economies as they are still on their way to development and prefer choosing cheaper options.
Impact of Covid-19 on Global Temperature Management Systems Market
The global temperature management systems market was devastated by the Covid-19 outbreak. Temperature management systems are essentially used in healthcare facilities. However, in the light of coronavirus, all the elective and non-emergency services were postponed to prevent the transmission of the virus and decrease the number of people visiting hospitals. This move was also made to ensure that all healthcare experts and resources are focused on treating people infected by Covid-19. Because a large number of surgeries were canceled, the market for temperature management systems plummeted significantly.
Global Temperature Management Systems Market - By Type
Based on type, the global temperature management systems market is segmented into patient warming systems and patient cooling systems. Patients warming systems accounted for the largest market share in the year 2020 and is likely to maintain its dominance even during the forecast period. The segment is thriving because of its high usage in maintaining body temperature during surgeries. Surgeries involve the use of anesthesia, which significantly drops the body temperature. Therefore, maintaining body temperature during and post-surgery is very crucial to avoid any chances of perioperative hypothermia. On the other hand, patient cooling systems are expected to have a surge in their market demand in the forecast period.
Global Temperature Management Systems Market - By Application
Based on application, the global temperature management systems market is categorized into cardiology, orthopedics, neurology, and others. The Cardiology segment dominated the temperature management systems market due to the rising prevalence of cardiovascular disease and increasing geriatric population all around the world. The prevalence of cardiovascular diseases is rising at an alarming rate, even in the younger population. As a result, more and more patients are approaching hospitals for cardiac surgeries, due to which the demand for temperature management systems is proliferating.
Global Temperature Management Systems Market - By End-User
Based on end-user, the market is segmented into operating rooms, intensive care units, emergency rooms, and others. The operating room segment held the largest market share and is further expected to flourish during the forecast period. Because surgeries necessitate a specified body temperature to avoid complications, particularly during the pre- and post-period, this segment is gaining traction in the market. On the other hand, intensive care units (ICU) have also witnessed a considerable surge in the demand for temperature management systems.
Global Temperature Management Systems Market - Regional Insights
Geographically, the global temperature management system is divided into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America accounted for the largest market share in the year 2020. Its rapid expansion can be attributed to an increase in the number of surgeries performed, rising cardiovascular disease rates across all demographics, and the rising health expenditure by the general populace. Furthermore, the favorable reimbursement policies are motivating people into getting more surgeries which are driving the growth of the temperature management systems.
Competitive Landscape
The leading market players of the temperature management systems market are Vyaire Medical, Adroit Medical Systems, Gentherm Incorporated, Augustine Surgical, Inc., Inspiration Healthcare Group PLC, 3M Company, Becton, Dickinson And Company, Smiths Medical, Ecolab, Zoll Medical Corporation, Stryker Corporation, Attune Medical, Adroit Medical Systems, Biegler GMBH, Encompass Group, LLC, and other prominent players. The adoption of competitive strategies like mergers, acquisitions, partnerships, product development, and launches is also very prominent in this market. Additionally, the companies are majorly focusing on geographical expansion to establish themselves as key market players.
Recent Developments
- In June 2021, Vivalink, a connected healthcare solutions provider best recognized for its medical wearable sensor data solutions, released an innovative temperature and cardiac ECG (electrocardiogram) monitor. The sensors are specifically developed for usage in remote and ambulatory circumstances, such as remote patient monitoring, decentralized clinical trials, virtual hospitals. It has been adopted by over 100 healthcare application partners and customers in 25 countries.
- In December 2020, Attune Medical, a US-based medical device company published their first major peer reviewed clinical journal which evaluates the use of ensoETM in cardiac ablation procedure for decreasing collateral thermal injury. EnsoETm is the product of Attune Medical which focuses temperature management using esophagus.
Scope of the Report
| Attributes | Details |
| Years Considered | Historical data – 2017-2020 |
| Base Year – 2020 | |
| Forecast – 2021 – 2027 | |
| Facts Covered | Revenue in USD Million |
| Market Coverage | North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa |
| Product Service/Segmentation | By Product-Type, By Application, By End-User, By Region |
| Key Players | Life Recovery Systems, The 37Company, Medtronic PLC, Geratherm Medical AG, Vyaire Medical, Adroit Medical Systems, Gentherm Incorporated, Augustine Surgical, Inc., Inspiration Healthcare Group PLC, 3M Company, Becton, Dickinson And Company, Smiths Medical, Ecolab, Zoll Medical Corporation, Stryker Corporation, Attune Medical, Adroit Medical Systems, Biegler GMBH, Encompass Group, LLC, and Other Prominent Players |
By Product Type
- Patient Warming Systems
- Surface Warming Systems
- Conventional Warming Systems
- Intravascular Warming Systems
- Patient Cooling Systems
- Conventional Cooling Systems
- Intravascular Cooling Systems
- Surface Cooling Systems
By Application
- Cardiology
- Orthopedics
- Neurology
- Others
By End-User
- Operating Rooms
- Intensive Care Units
- Emergency Rooms
- Others
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary and Secondary Sources
2.2. Quantitative Research
2.2.1. Primary and Secondary Sources
2.3. Breakdown of Primary Research Respondents
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Key Questionnaire asked during Primary Interviews
2.6. Key Primary Responses
2.7. Market Size Estimation
2.8. Assumption for the Study
2.9. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Temperature Management Systems Market – Industry Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunity
4.1.4. Challenges
4.2. Recent Developments / Technical Landscape
4.3. Regulatory Framework
4.4. Porter’s Five Forces Analysis
4.5. Value Chain Analysis
4.6. Strategic Outlook
5. Global Temperature Management Systems Market Overview
5.1. Market Estimates & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.1.1. Patient Warming Systems
5.2.1.1.1. Surface Warming Systems
5.2.1.1.2. Conventional Warming Systems
5.2.1.1.3. Intravascular Warming Systems
5.2.1.2. Patient Cooling Systems
5.2.1.2.1. Conventional Cooling Systems
5.2.1.2.2. Intravascular Cooling Systems
5.2.1.2.3. Surface Cooling Systems
5.2.2. By Application
5.2.2.1. Cardiology
5.2.2.2. Orthopedics
5.2.2.3. Neurology
5.2.2.4. Others
5.2.3. By End-User
5.2.3.1. Operating Rooms
5.2.3.2. Intensive Care Units
5.2.3.3. Emergency Rooms
5.2.3.4. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia-Pacific (APAC)
5.2.4.4. Latin America (LATAM)
5.2.4.5. Middle-East & Africa (MEA)
6. North America Temperature Management Systems Market Overview
6.1. Market Size and Forecast
6.1.1. By Value (USD Million), 2017-2027
6.2. Market Share and Forecast
6.2.1. By Product Type
6.2.2. By Application
6.2.3. By End-User
6.2.4. By Country
6.2.4.1. U.S.
6.2.4.2. Canada
7. Europe Temperature Management Systems Market Overview
7.1. Market Size and Forecast
7.1.1. By Value (USD Million), 2017-2027
7.2. Market Share and Forecast
7.2.1. By Product Type
7.2.2. By Application
7.2.3. By End-User
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. U.K.
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Spain
7.2.4.6. Russia
7.2.4.7. Netherlands
7.2.4.8. Rest of Europe
8. APAC Temperature Management Systems Market Overview
8.1. Market Size and Forecast
8.1.1. By Value (USD Million), 2017-2027
8.2. Market Share and Forecast
8.2.1. By Product Type
8.2.2. By Application
8.2.3. By End-User
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. South Korea
8.2.4.5. Rest of APAC
9. LATAM Temperature Management Systems Market Overview
9.1. Market Size and Forecast
9.1.1. By Value (USD Million), 2017-2027
9.2. Market Share and Forecast
9.2.1. By Product Type
9.2.2. By Application
9.2.3. By End-User
9.2.4. By Country
9.2.4.1. Mexico
9.2.4.2. Brazil
9.2.4.3. Rest of LATAM
10.MEA Temperature Management Systems Market Overview
10.1. Market Size and Forecast
10.1.1. By Value (USD Million), 2017-2027
10.2. Market Share and Forecast
10.2.1. By Product Type
10.2.2. By Application
10.2.3. By End-User
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Turkey
10.2.4.5. Rest of Europe
11.Competitive Landscape
11.1.1. List of Key Players and Their Offerings
11.1.2. Market Share / Ranking Analysis (2020)
11.1.3. Competitive Benchmarking, By Operating Parameters
12.COVID-19 Impact
12.1. Future Impact
12.2. Key Developments during COVID-19
12.3. Impact on Market
12.3.1. Different Scenario
12.3.2. Impact on Companies
12.4. Regional Impact
13.Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
13.1. Life Recovery Systems
13.2. The 37Company
13.3. Medtronic PLC
13.4. Geratherm Medical AG
13.5. Vyaire Medical
13.6. Adroit Medical Systems
13.7. Gentherm Incorporated
13.8. Augustine Surgical, Inc.
13.9. Inspiration Healthcare Group PLC
13.10. 3M Company
13.11. Becton, Dickinson And Company
13.12. Smiths Medical
13.13. Ecolab
13.14. Zoll Medical Corporation
13.15. Stryker Corporation
13.16. Attune Medical
13.17. Adroit Medical Systems
13.18. Biegler GMBH
13.19. Encompass Group, LLC
13.20. Other Prominent Players
14.Key Strategic Recommendations
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
List of Figures
Fig: Global Temperature Management Systems Segmentation
Fig: Global Temperature Management Systems Market Value Chain Analysis,
Fig: Company Market Share Analysis, 2020
Fig: Global Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: Global Temperature Management Systems Market Share (%), By Product Type, By Value, 2017-2027
Fig: Global Temperature Management Systems Market Share (%), By Application, By Value, 2017-2027
Fig: Global Temperature Management Systems Market Share (%), By End-User, By Value, 2017-2027
Fig: Global Temperature Management Systems Market Share (%), By Country, By Value, 2017-2027
Fig: North America Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: North America Temperature Management Systems Market Share (%), By Product Type, By Value, 2017-2027
Fig: North America Temperature Management Systems Market Share (%), By Application, By Value, 2017-2027
Fig: North America Temperature Management Systems Market Share (%), By End-User, By Value, 2017-2027
Fig: North America Temperature Management Systems Market Share (%), By Country, By Value, 2017-2027
Fig: Europe Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: Europe Temperature Management Systems Market Share (%), By Product Type, By Value, 2017-2027
Fig: Europe Temperature Management Systems Market Share (%), By Application, By Value, 2017-2027
Fig: Europe Temperature Management Systems Market Share (%), By End-User, By Value, 2017-2027
Fig: Europe Temperature Management Systems Market Share (%), By Country, By Value, 2017-2027
Fig: the Asia-Pacific Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: the Asia-Pacific Temperature Management Systems Market Share (%), By Product Type, By Value, 2017-2027
Fig: the Asia-Pacific Temperature Management Systems Market Share (%), By Application, By Value, 2017-2027
Fig: the Asia-Pacific Temperature Management Systems Market Share (%), By End-User, By Value, 2017-2027
Fig: the Asia-Pacific Temperature Management Systems Market Share (%), By Country, By Value, 2017-2027
Fig: Latin America Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: Latin America Temperature Management Systems Market Share (%), By Product Type, By Value, 2017-2027
Fig: Latin America Temperature Management Systems Market Share (%), By Application, By Value, 2017-2027
Fig: Latin America Temperature Management Systems Market Share (%), By End-User, By Value, 2017-2027
Fig: Latin America Temperature Management Systems Market Share (%), By Country, By Value, 2017-2027
Fig: Middle East & Africa Temperature Management Systems Market Size, By Value (USD Million), 2017-2027
Fig: Middle East & Africa Temperature Management Systems Market Share (%), By Product Type, By Value, 2017-2027
Fig: Middle East & Africa Temperature Management Systems Market Share (%), By Application, By Value, 2017-2027
Fig: Middle East & Africa Temperature Management Systems Market Share (%), By End-User, By Value, 2017-2027
Fig: Middle East & Africa Temperature Management Systems Market Share (%), By Region, By Value, 2017-2027
List of Tables
Table: Global Temperature Management Systems Market Size, By Product Type, By Value, 2017-2027
Table: Global Temperature Management Systems Market Size, By Application, By Value (USD Million), 2017-2027
Table: Global Temperature Management Systems Market Size, By End-User, By Value (USD Million), 2017-2027
Table: Global Temperature Management Systems Market Size, By Region, By Value (USD Million), 2017-2027
Table: North America Temperature Management Systems Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: North America Temperature Management Systems Market Size, By Application, By Value (USD Million), 2017-2027
Table: North America Temperature Management Systems Market Size, By End-User, By Value (USD Million), 2017-2027
Table: North America Temperature Management Systems Market Size, By Country, By Value (USD Million), 2017-2027
Table: Europe Temperature Management Systems Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: Europe Temperature Management Systems Market Size, By Application, By Value (USD Million), 2017-2027
Table: Europe Temperature Management Systems Market Size, By End-User, By Value (USD Million), 2017-2027
Table: Europe Temperature Management Systems Market Size, By Country, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Temperature Management Systems Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Temperature Management Systems Market Size, By Application, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Temperature Management Systems Market Size, By End-User, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Temperature Management Systems Market Size, By Country, By Value (USD Million), 2017-2027
Table: Latin America Temperature Management Systems Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: Latin America Temperature Management Systems Market Size, By Application, By Value (USD Million), 2017-2027
Table: Latin America Temperature Management Systems Market Size, By End-User, By Value (USD Million), 2017-2027
Table: Latin America Temperature Management Systems Market Size, By Country, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Temperature Management Systems Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Temperature Management Systems Market Size, By Application, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Temperature Management Systems Market Size, By End-User, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Temperature Management Systems Market Size, By Country, By Value (USD Million), 2017-2027
Table: Life Recovery Systems Financial Analysis
Table: Life Recovery Systems Business Overview
Table: The 37Company Financial Analysis
Table: The 37Company Business Overview
Table: Medtronic PLC Financial Analysis
Table: Medtronic PLC Business Overview
Table: Geratherm Medical AG Limited Financial Analysis
Table: Geratherm Medical AG Limited Business Overview
Table: Vyaire Medical Financial Analysis
Table: Vyaire Medical Business Overview
Table: Adroit Medical Systems Financial Analysis
Table: Adroit Medical Systems Business Overview
Table: Gentherm Incorporated Financial Analysis
Table: Gentherm Incorporated Business Overview
Table: Augustine Surgical, Inc. Financial Analysis
Table: Augustine Surgical, Inc. Business Overview
Table: Inspiration Healthcare Group PLC Financial Analysis
Table: Inspiration Healthcare Group PLC Business Overview
Table: 3M Company Financial Analysis
Table: 3M Company Business Overview
Table: Becton, Dickinson And Company Financial Analysis
Table: Becton, Dickinson And Company Business Overview
Table: Smiths Medical Financial Analysis
Table: Smiths Medical Business Overview
Table: Ecolab Financial Analysis
Table: Ecolab Business Overview
Table: Zoll Medical Corporation Financial Analysis
Table: Zoll Medical Corporation Business Overview
Table: Stryker Corporation Financial Analysis
Table: Stryker Corporation Business Overview
Table: Attune Medical Financial Analysis
Table: Attune Medical Business Overview
Table: Adroit Medical Systems Financial Analysis
Table: Adroit Medical Systems Business Overview
Table: Biegler GMBH Financial Analysis
Table: Biegler GMBH Business Overview
Table: Encompass Group, LLC Financial Analysis
Table: Encompass Group, LLC Business Overview
Market Segmentation
By Product Type
- Patient Warming Systems
- Surface Warming Systems
- Conventional Warming Systems
- Intravascular Warming Systems
- Patient Cooling Systems
- Conventional Cooling Systems
- Intravascular Cooling Systems
- Surface Cooling Systems
By Application
- Cardiology
- Orthopedics
- Neurology
- Others
By End-User
- Operating Rooms
- Intensive Care Units
- Emergency Rooms
- Others
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
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