Global Patient Temperature Management Market

Global Patient Temperature Management Market Size, Share, Growth Analysis, By Product(Patient Warming Systems, Conventional Warming Systems), By Application(Surgery, Cardiology), By End Use(Operating Room, Neonatal ICU) - Industry Forecast 2024-2031


Report ID: SQMIG35I2275 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 100 | Figures: 76

Global Patient Temperature Management Market Insights

Patient Temperature Management Market size was valued at USD 3.2 Billion in 2021 and is poised to grow from 3.23 billion in 2022 to 6.9 billion by 2030, growing at an CAGR of 8.8% during the forecast period (2023-2030).

The growth in surgical operations is one of the key factors driving the patient temperature control market's expansion. There are quite a lot of surgeries performed globally. According to statistics provided by the Texas Heart Institute, more than 500,000 cardiac bypass procedures are carried out each year. Before any sort of operation, individuals that undergo local or general anesthesia experience a reduction in body temperature. Warming systems are essential in these situations to avoid any more intraoperative hypothermia. Utilizing this technology lessens pre- and postoperative issues as well as patient suffering.

The growing demand for temperature systems has been fueled by the rising incidence of cancer and cardiovascular disorders. In instances of cancer, the patient's body begins to multiply cancer cells as a result of a drop in body temperature. Patient warming devices are used in conjunction with chemotherapy and radiation therapy to combat this issue. Additionally, rising stroke and heart attack rates are believed to have a substantial impact on the market's expansion. The body has to be considerably cooler in these situations in order to boost survival rates and enable regular brain function.

The development of novel temperature control technologies, such as surface pads, pillows, & headwear, is another technological development that is expected to boost market demand. A wide variety of surface heating and cooling systems have been introduced as a result of the increased need for contemporary temperature control systems, and this has further driven market expansion. As an illustration, one of the major market participants, 3M, has created the Bair Hugger product line, which includes a wide variety of blankets, including specialty, underbody, full body, and others.

US Patient Temperature Management Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Patient Temperature Management Market size was valued at USD 3.2 Billion in 2021 and is poised to grow from 3.23 billion in 2022 to 6.9 billion by 2030, growing at an CAGR of 8.8% during the forecast period (2023-2030).

To meet the growing demands of the patients, the main corporations are implementing strategies including mergers and acquisitions, the creation of new products, and global expansions. For instance, ZOLL Medical Corporation declared in March 2016 that its Japanese a subsidiary, Asahi Kasei ZOLL Medical Corp., had been given permission by the PMDA (Japan's Pharmaceuticals and Medical Devices Agency) to economically begin its Thermogard XP (TGXP) Temperature Management System, a system that facilitates treatment during sudden cardiac arrest. '3M Company', 'Medtronic plc', 'Smiths Medical', 'Stryker Corporation', 'C.R. Bard, Inc. (now part of Becton, Dickinson and Company)', 'Geratherm Medical AG', 'ZOLL Medical Corporation (a subsidiary of Asahi Kasei Corporation)', 'Cincinnati Sub-Zero Products, LLC (CSZ)', 'The 37Company', 'Inspiration Healthcare Group plc', 'Gentherm Incorporated', 'Biegler GmbH', 'Enthermics Medical Systems', 'Stihler Electronic GmbH', 'Ecolab Inc.', 'Cheetah Medical (a subsidiary of Baxter International Inc.)', 'Belmont Instrument Corporation (a subsidiary of Hill Rom)', 'Welkins LLC', 'Augustine Temperature Management LLC', 'ThermaBright Inc.'

Patient temperature management plays a crucial role in maintaining patient safety during various medical procedures, including surgeries, critical care, and post-operative recovery. The growing emphasis on patient safety drives the demand for temperature management solutions.

Increasing Adoption of Non-Invasive Techniques: There is a growing preference for non-invasive temperature management techniques that minimize patient discomfort and reduce the risk of complications. Non-invasive methods, such as surface cooling and warming devices, are gaining popularity over invasive methods like intravascular catheters.

North America held a 40.0% share of the global market, mostly as a result of increased heart surgery rates and rising healthcare costs in the U.S. Additionally, patients who need temperature control equipment have access to favorable payment policies in this nation. As a result, products for managing patient temperature are widely used in this area.

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Global Patient Temperature Management Market

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