Report : Temperature Management Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Patient Warming Systems, and Patient Cooling Systems); Application (Perioperative Care, Acute Care, Newborn Care, and Others); Medical Indication (General Surgery, Cardiology, Neurology, Pediatrics, Thoracic Surgery, Orthopedic Surgery, and Others), and Geography
Patient Cooling Systems Segment to Register Highest CAGR During 2021–2028
According to our latest research study on “Temperature Management Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, Medical Indication,” the market is projected to reach US$ 3,343.41 million by 2028 from US$ 2,332.93 million in 2021; it is expected to grow at a CAGR of 5.3% from 2021 to 2028. The report highlights trends prevailing in the market and the factors driving and restraining the market growth.
Based on product, the global temperature management systems market is segmented into patient warming systems and patient cooling systems. The patient warming systems segment held the largest share of the market in 2020, whereas the patient cooling systems is anticipated to register the highest CAGR in the market during the forecast period.
The growth of the market is attributed to key driving factors such as increasing prevalence of chronic disease and cardiovascular diseases and rising number of surgical procedures. However, high cost of these products is expected to restrict the market growth to a certain extent during the forecast period. 3M, ZOLL MEDICAL CORPORATION, BD, Smiths Medical, Dragerwerk AG & Co. KGaA, Ecolab, GENTHERM, Geratherm Medical AG, Inspiration Healthcare Group plc, and Stryker Corporation are among the major companies operating in the market.
The report segments global temperature management systems market as follows:
By Medical Indication