Patient Temperature Management Market is Forecasted to Reach CAGR of 10.2% by 2029

PRESS RELEASE
Published August 21, 2023

Patient Temperature Management Market

Global Patient Temperature Management Market report highlights diverse segments of the market analysis that today’s business ask for. According to this industry analysis report, HELATH industry is expected to witness growth during the forecast period due to growing demand at the end user level. The use of well-established tools such as SWOT analysis and Porter’s Five Forces analysis are very useful in creating such superior market report. Being a third-party report, this report is more unbiased and hence provides a better picture of what is really happening in the market. Easy to understand research method and employment of excellent tools and techniques make Global Patient Temperature Management Market research report exceptional.

Temperature is one of the vital signs that indicate a person’s health. According to the medical organization, it is monitored and managed as part of standard care therapy for patients undergoing surgery due to severe disease. All use patient temperature control systems, preoperative warming, operating and surgery rooms, postoperative warming, critical care and intensive care units, chemotherapy, and emergency medical services. Increased product approvals and market participant strategies are significant factors driving market expansion.

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Market Analysis and Insights

The global patient temperature management market is driven by the factors such as an increase in the prevalence of chronic diseases such as diabetes & gastrointestinal disorders, a growing number of the up-coming players and the innovation in care services, which enhance its demand, as well as increasing investment in research and development, leads to the market growth. Currently, various research studies are taking place, which is expected to create a competitive advantage for manufacturers to develop new and innovative patient temperature management systems, which is expected to provide various other opportunities in the patient temperature management market. However, the strict government regulations on approval and device recalls due to errors during treatment are expected to hamper the growth.

The global patient temperature management market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that global patient temperature management market will grow at a CAGR of 10.2% during the forecast period of 2022 to 2029.

Drivers

  • Rise in surgical procedures in geriatric population

Geriatric patients are less able to control their body temperature, due to which they have a higher risk of intraoperative and postoperative hypothermia. The frequency of surgery involving the senior population has increased rapidly due to the aging population and better medical care.

With the increasing age comes a reciprocal increase in the elderly patients admitted to the hospitals. The rising number of surgical procedures is due to the rise in the number of the aged population undergoing. These increasing rates of the surgeries are directly proportional to the growth of temperature management products, as they are used to reduce complications before and after the surgery.

  • Increase in incidence of chronic diseases

The encumbrance of chronic disease is briskly increasing across the globe. According to the WHO (world health organization), during 2001, the contribution of chronic disease was about 60%, which is accounted for the number of deaths. Cardiac complications or other Ischemia develop due to decreased blood flow and causes cellular damage.

The high prevalence of chronic diseases due to the rapidly increasing population of people can be seen globally. The primary reason for using a temperature management system is to aid in cancer treatment for patients undergoing chemotherapy or radiation therapy for more effective results. Chronic diseases include cardiovascular diseases, stroke, cancer, chronic respiratory diseases, and diabetes, wherein cardiovascular disease is the primary cause of death globally.

Fundamental Aim of this Market Report

  • Factors influencing This Market Size and growth rate.
  • Major alterations to this market in the near future.
  • Notable Market rivals around the world.
  • Future Scope and Product Outlook
  • Future-promising emerging markets.
  • The Market Presents Difficult Challenges and Threats.

Major Players

Data Bridge Market Research recognizes the following companies as the major Patient temperature management market players in Patient temperature management market are Stryker (U.S.), Medtronic (Ireland), 3M (U.S.), BD (U.S.), ICU Medical, Inc. (U.S.), Ecolab (U.S.), ZOLL Medical Corporation (U.S.), Terumo Corporation (Japan), Belmont Medical Technologies (U.S.),GENTHERM (U.S.),VYAIRE MEDICAL, INC. (U.S.), The Surgical Company PTM (Netherlands).

To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@  https://www.databridgemarketresearch.com/reports/global-patient-temperature-management-market?Shri

Recent Developments

  • In January 2020, Gentherm announced that the company had received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for Astopad Patient Warming System can be utilized in all surgical procedures to prevent and treat hypothermia in patients throughout the perioperative journey. This results in expanding the product portfolio of the company in the U.S. market
  • In January 2019, Smiths Medical, a leading global medical device manufacturer announced that the company has launched the Level 1 convective warmer for maintaining normal body temperature through every stage of surgery. It is a next-generation high-flow convective warmer that gives health care providers a quiet, simple, and safe thermal care solution

Key highlights of this Market report:

  • Growth rate
  • Remuneration prediction
  • Consumption graph
  • Market concentration ratio
  • Secondary industry competitors
  • Competitive structure
  • Major restraints
  • Market drivers
  • Regional bifurcation
  • Competitive hierarchy
  • Current market tendencies
  • Market concentration analysis

Patient Temperature Management Market Segmentation:

Product Type

  • Patient Warming System
  • Patient Cooling System

On the basis of product type, the patient temperature management market is segmented into patient warming system and patient cooling system

Component

  • Warming
  • Cooling

On the basis of component, the patient temperature management market is segmented into warming and cooling.

Application

  • Operating Room
  •  Preoperative Care
  •  Postoperative Care
  •  Acute Care
  •  Intensive Care Unit
  •  Emergency Rooms
  •  Neonatal Intensive Care Units
  •  Other Applications

On the basis of application, the global patient temperature management market is segmented into operating room, preoperative care, postoperative care, acute care, intensive care unit, emergency rooms, neonatal intensive care units and other applications.

Medical Speciality

  • General Surgery
  •  Cardiology
  •  Neurology
  •  Pediatrics
  •  Thoracic Surgery
  •  Orthopedic Surgery
  •  Other Medical Specialties

On the basis of medical speciality, the global patient temperature management market is segmented into general surgery, cardiology, neurology, pediatrics, thoracic surgery, orthopedic surgery and other medical specialties.

End User

  • Ambulatory Surgical Centers
  •  Hospitals
  •  Specialized Clinics
  •  Others

On the basis of end users, the global patient temperature management market is segmented into ambulatory surgical centres, hospitals, specialized clinics and others.

What benefits does the DBMR study is going to provide?

  • Latest industry influencing trends and development scenario
  • Open up New Markets
  • To Seize powerful market opportunities
  • Key decision in planning and to further expand market share
  • Identify Key Business Segments, Market proposition & Gap Analysis
  • Assisting in allocating marketing investments

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Market Regulations
  6. Market Overview

Continued…

Browse Detailed Summary of Research Report with TOC:  https://www.databridgemarketresearch.com/toc/?dbmr=global-patient-temperature-management-market&Shri

Key Benefits of the Report:

  • This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
  • The current market is quantitatively analyzed to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.

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