Globally, there has been increase in chronic health conditions, such as cardiac arrest, neurological diseases, and stroke. Several studies indicate that survivors of cardiac arrest may suffer from severe neurological impairment.
Patient temperature management devices are used for prevention of neurological damage following cardiac arrest. Use of mild hypothermia is considered effective in improving neurological results after repeated cycles of chest compression and artificial breathing following an incident of cardiac arrest. Hence, the increasing rate of incidence of chronic diseases is expected to drive the demand for patient temperature management devices during the forecast period.
Global Patient Temperature Management Devices Market: Dynamics
Patient temperature management devices are useful to check various ailments such as hyperthermia and hypothermia and hence, they are witnessing high demand. These products are gaining traction with the rising demand for health care facilities, such as hospitals, across the globe. Specialized hospital segments, emergency departments, and surgical suits are expected to emerge as leading consumers of patient temperature management devices in the near future. Boom in the medical tourism sector across developed and developing nations and advancements in technology and devices for temperature management are other factors driving the market. Favorable government initiatives and introduction of different health care regimes are also expected to boost the patient temperature management devices market during the forecast period.
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Temperature management devices provide safe, rapid, and effective management of the body temperature of patients. However, the cost of these devices and accessories is significantly high, which can restrain the market for patient temperature management devices. The number of companies operating in the global market has increased significantly over the last few years. The market is expected to expand significantly during the forecast period.
Regional Outlook of Global Patient Temperature Management Devices Market
North America has been the top contributor to the global patient temperature management devices market. It accounted for the largest market share, in terms of revenue, in 2019. The large number of surgical procedures performed in countries of North America is a significant factor driving the market. With growth of the elderly population, the rate of incidence of cardiac arrest and neurological disorders in the region is rising. Availability of high-end products, such as standalone and battery-powered devices, has driven the market in the North America region.
The market in Asia Pacific is estimated to expand at the highest CAGR during the forecast period. Several factors such as rising demand for aesthetic and medical surgeries, rising incidence of cardiac arrest, government efforts to increase access to elective surgeries, and improving health care infrastructure drive the market in Asia Pacific.
Major Players Operating in Global Patient Temperature Management Devices Market
- 3M Healthcare
- ZOLL Medical
- Stryker Corporation
- Smiths Medical
- Cincinnati Sub-Zero (CSZ)
- The 37 Company
- Mennen Medical
- Healthcare 21
Regional Analysis includes
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Detailed overview of the parent market
- Changing dynamics of the patient temperature management devices market
- Patient temperature management devices market segmentation
- Regional evaluation of the patient temperature management devices market
- Evaluation of the patient temperature management devices market based on the present and past data collected
- Historical, present, and projected patient temperature management devices market, in terms of volume and value
- Recent trends and developments in the market
- Competitive landscape
- Strategies by key players and products offered
- A neutral perspective on the performance of the global patient temperature management devices market
Global Patient Temperature Management Devices Market: Segmentation
This report studies and forecasts the growth of the patient temperature management devices market at the global, regional, and country levels. The report attempts to analyze trends in each segment and sub-segment from 2023 to 2032.
For this study has segmented the patient temperature management devices market based on type, application, and end-user.
By Type (Revenue, USD Million; 2023–2032)
- Patient warming systems
- Convective warming systems
- Intravascular warming systems
- Surface warming systems
By Application (Revenue, USD Million; 2023–2032)
- Perioperative care
- Acute care
- Newborn care
By End-User (Revenue, USD Million; 2023–2032)
- Surgical centers
- Emergency care units
- Ambulatory sites
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