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Temperature Management Market Worth $3.0 Billion by 2024 - Exclusive Report by MarketsandMarkets™
[August 06, 2019]

Temperature Management Market Worth $3.0 Billion by 2024 - Exclusive Report by MarketsandMarkets™


CHICAGO, Aug. 6, 2019 /PRNewswire/ -- According to the new market research report "Temperature Management Market by Product (Surface & Intravascular System - Warming & Cooling), Application (Perioperative (Preoperative Care, Operating Room), Acute Care, Newborn Care), Medical Specialties (Pediatric, Orthopedic) - Global Forecast to 2024", published by MarketsandMarkets™, the Temperature Management Market is expected to grow from USD 2.6 billion in 2019 to USD 3.0 billion by 2024, at a CAGR of 3.2% during the forecast period.

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The increase in the incidence of chronic conditions and the subsequent increase in the number of surgical procedures are the key factors driving market growth. 

Patient warming systems to account for the largest share of the global Temperature Management Market in 2019

Based on product, the patient warming systems segment is expected to account for the largest share of the Temperature Management Market in 2019. Factors such as the rising demand for these systems in diverse hospital settings and the increasing adoption rate of invasive warming in surgical procedures such as orthopedic surgeries, gynecology and obstetrics procedures, gastrointestinal procedures, and general surgeries driving the growth of this segment.

Browse in-depth TOC on "Temperature Management Market"

211 – Tables

33 – Figures  

190 – Pages

The perioperative care segment to be the largest application segment of the market in 2019

Based on applications, the Temperature Management Market is segmented into perioperative care, acute care, newborn care, and other applications. The perioperative segment is expected to dominate the market in 2019. The increasing number of surgical procedures performed worldwide is the major factor driving the growth of this application segment. In addition, technological advancements, the increasing number of product launches for the perioperative care segment, and a growing number of partnerships between key market players and hositals are also supporting market growth.




General surgery to account for the largest share of the market, by medical specialty, in 2019


Based on medical specialty, the Temperature Management Market is segmented into general surgery, cardiology, neurology, thoracic surgery, orthopedics, pediatrics, and other medical specialties. The general surgery segment is expected to dominate the market in 2019. The rising incidence of cancers such as breast cancer, colorectal cancer, liver cancer, GI disorders, and endocrine disorders, globally, and the increasing number of general surgical procedures are the major factors driving the growth of this segment.

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North America to dominate the market in 2019

North America is estimated to grow at the highest CAGR during the forecast period. Factors such as the large volume of surgical procedures performed in the North American region, growth in the geriatric population, the rising incidence of cardiac arrests and neurological disorders, and the availability of technologically advanced products are the key factors supporting the growth of the Temperature Management Market in North America.

The major companies in the global Temperature Management Market include 3M Company (US), Medtronic (Ireland), Smiths Medical (US), Stryker (US), and ZOLL Medical (Subsidiary of Asahi Kasei) (Japan).

Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

Browse Related Reports:

Intravascular Temperature Management Market by Type (Warming, Cooling), Application (Perioperative, Post-operative, Acute Care), Medical Condition (Stroke, Cardiac Arrest, Traumatic Brain Injury (TBI), Myocardial Infarction) - Global Forecasts to 2022

Blood Warmer Devices/Sample Warmer Market by Sample (Blood, Embryo, Ovum, Semen), End User (Hospital, Blood Bank, Transfusion Center, Tissue Bank), Region (North America, Europe, Asia Pacific) - Global Forecast to 2022

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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