Temperature Management Systems Market is Anticipated to Grow US$ 5.9 Billion By 2027

SHARE THIS ARTICLE

According to Nova one advisor, the global Temperature Management Systems market value was estimated at US$ 2.0 Billion in 2020 and is projected to reach US$ 5.9 Billion  by 2027, registering a CAGR of 4.5% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

Overview of Temperature Management Systems Market Study

Temperature Management Systems market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.

Get your Customized Research Report@ https://www.novaoneadvisor.com/report/customization/5774

Growth Factors:

Factors such as increasing global incidence of chronic conditions and the subsequent increase in the number of surgical procedures. The growing number of contracts and agreements between market players is also expected to offer a wide range of growth opportunities for market players during the forecast period. However, the high cost of intravascular temperature management systems is restraining the growth of this market.

Global Temperature Management Systems Market Dynamics
DRIVER: Increase in the incidence of chronic conditions

Globally, there has been an increase in the incidence of chronic conditions, such as strokes, cardiac arrests, and neurological diseases such as traumatic brain injury. Several research studies indicate that survivors of cardiac arrests can suffer from devastating neurological impairments. Temperature management devices are widely used in the prevention of neurological damage after cardiac arrests. The use of mild therapeutic hypothermia is considered to improve neurological outcomes after cardiopulmonary resuscitation. Thus, the increasing incidence of chronic diseases is expected to drive the demand for temperature management systems.

RESTRAINT: High cost of intravascular temperature management systems

Intravascular temperature management systems provide rapid, safe, and effective management of the core body temperature of patients. However, the cost of these systems and accessories is significantly higher than that of noninvasive systems and accessories. This can restrain the market growth of temperature management systems market.

OPPORTUNITY: Growth number of contracts and agreements between market players

Over the years, the number of companies offering temperature management systems has increased globally. Major market players are focusing on strengthening their product offerings, distribution networks, and geographic presence by entering into contracts and agreements with other established and emerging players in the market. This provides growth opportunities for emerging companies in the market. For instance, in February 2017, Advanced Cooling Therapy (Formally known as Attune Medical) (US) received an innovative technology contract from Vizient, Inc. (US) for its oesophageal cooling device

Surface patient warming segment accounted for the largest share of the temperature management systems market, by type in 2020

By type, temperature management systems segment is divided into surface warming systems, intravascular warming systems, and warming accessories. The surface warming systems segment accounted for the largest share of the patient warming systems market in 2020. In temperature management procedures, the number of surface warming procedures are more as compared to invasive cooling procedures due to the increasing adoption rate of surface warming systems in surgical procedures such as orthopaedic surgeries, gynaecology and obstetrics procedures, gastrointestinal procedures, and general surgeries

 “Increasing admissions and growing prevalence of life-threatening diseases are driving the market growth in 2020”

Based on the facility, the acute care segment is classified into intensive care units (ICUs), emergency rooms, coronary care units (CCUs), neurological care units, burn centres, and Cath labs. In 2020, the ICUs segment held the largest share of the temperature management systems market for acute care. This is attributed to the large number of ICU admissions. The increase in the severity of illnesses among hospital patients is contributing to the increase in ICU admissions; consequently, this is driving the demand for temperature management systems used in these settings.

Buy Complete Assessment of Temperature Management Systems market Now@ https://www.novaoneadvisor.com/report/checkout/5774

COVID-19 Impact on Temperature Management Systems Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Temperature Management Systems market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Temperature Management Systems market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Temperature Management Systems market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Temperature Management Systems market include:

3M Company, Smiths Medical, ZOLL Medical, Becton, Dickinson and Company), Drägerwerk, Ecolab, GE Healthcare, Gentherm, Geratherm Medical, Inspiration Healthcare, Medtronic, Stryker Corporation, The Surgical company, Adroit Medical Systems, Attune Medical, Augustine Surgical, Belmont Medical Technologies, Biegler  GmbH, Encompass Group, Enthermics (US), Hirtz & Co. KG, Istanbul Medikal Ltd, Life Recovery Systems, MedCare Visions GmbH, Vyaire Medical, Inc..

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Product

  • Patient Warming System
  • Surface Warming Systems
  • Connective Warming Systems
  • Conductive warming systems
  • Intravascular Warming Systems
  • Warming Accessories
  • Patient Cooling System
  • Surface Cooling Systems
  • Connective Cooling Systems
  • Conductive Cooling systems
  • Intravascular Cooling Systems
  • Cooling Accessories

Medical specialty

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

Application

  • Perioperative Care
  • Operating Rooms
  • Postoperative Care Units
  • Preoperative Care Units
  • Acute Care
  • Intensive Care Units
  • Emergency Rooms
  • Coronary Care Units
  • Burn Centers
  • Neurological Care Units
  • Cath Labs
  • Newborn Care
  • Delivery Suites
  • Neonatal Intensive Care Units
  • Postnatal Wards
  • Other Applications

Browse Complete Table of Content@ https://www.novaoneadvisor.com/toc/temperature-management-systems-market

Why Buy this Report?

The purpose of Nova one advisor’s Temperature Management Systems market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

Download This Full Research Report, Click Here@ https://www.novaoneadvisor.com/report/checkout/5774

About Us

Nova One Advisor is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Nova One Advisor has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@novaoneadvisor.com

Web: https://www.novaoneadvisor.com/

James Root

James Root have over 6+ years of experience working in business development, and customer retention. I’ve gained my experience through serving higher education, healthcare, automotive, aerospace, manufacturing, local government and hospitality businesses with technical solutions.

View all posts by James Root →

Leave a Reply

Your email address will not be published.