Global Temperature Management Industry By Application (Perioperative Care, Acute Care), By Product Type (Patient Warming Systems, Patient Cooling Systems), By Medical Specialty (General Surgery , Cardiology, Neurology), and By End Use (Surgeons & Anaesthesiologists, Nursing Staff) - Market Forecast and Size Analysis 2019-2025
Global Temperature Management Industry was valued at USD 2.4 Billion in the year 2018. Global Temperature Management Industry is further estimated to grow at a CAGR of 2.4 from 2019 to reach USD 2.99 Billion by the year 2025. The North America region holds the highest Industry share in 2018 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China, and U.S. are projected to grow strongly in the coming years due to increasing density of population.
The Global Temperature Management Industry is segmented as By Product Type, Application, Medical Specialty, End Use and Region. The Product Type is segmented as patient warming systems and patient cooling systems in which the patient warming systems hold the largest share in the Industry due to rising demand for these systems in diverse hospital settings. The Application segment is divided as Perioperative Care, Acute Care, Newborn Care, Medical/Surgical Units, Physiotherapy, Military Applications, Patient Transport, Chemotherapy and other Applications in which the perioperative care holds the highest share in the Industry due to increasing number of surgical procedures done across the globe.
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Major market players in Temperature Management are 3M Company, Medtronic plc, Smiths Medical, C.R. Bard Inc., Cincinnati Sub-Zero Products Inc., Geratherm Medical AG, Inspiration Healthcare Group plc, Stryker Corp., The 37Companym, ZOLL Medical Corp., and brief overview of 9 companies is also provided in the report.
SWOT Analysis of Temperature Management Industry:
Increasing number of awareness campaigns
Growing incidence of chronic conditions
High cost of Invasive Temperature Management Systems
Advancement in technology
Growth in research funding
The Medical Specialty segment is divided as General Surgery Cardiology, Neurology, Thoracic Surgery, Orthopedics, Pediatrics and other Medical Specialties in which the general surgery cardiology segment has the largest share in the Industry due to rising instance of colorectal cancer, endocrine disorders etc. The End-Use segment is divided into Surgeons & Anaesthesiologists, Nursing Staff and Paramedical Staff in which Surgeons & Anaesthesiologists have the highest Industry share. Among all, it is expected that the cardiology segment will be growing at a moderate CAGR of XX % in the assessment period.
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Temperature Management Industry Segmentation:
- Perioperative Care
- Acute Care
- Newborn Care
- Medical/Surgical Units
- Military Applications
- Patient Transport
- Other Applications
By Product Type
- Patient Warming Systems
- Patient Cooling Systems
By End Use
- Surgeons & Anaesthesiologists
- Nursing Staff
- Paramedical Staff
By Medical Specialty
- General Surgery
- Thoracic Surgery
- Other Medical Specialties
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