Asia-Pacific Temperature Management Systems Market Developments and Forecast by 2028

The temperature management systems market in APAC is expected to grow from US$ 549.40 million in 2021 to US$ 822.14 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.

Japan, China, India, South Korea, and Australia are economies in APAC. Industry players are conducting a vast number of research & development activities to develop advanced temperature monitoring systems. These technology partnerships are likely to offer significant opportunities for the new product launches and introduction of a wide variety of products during the forecast period. For instance, in June 2021, ZOLL and Global Healthcare SG signed an exclusive agreement to distribute a portable targeted temperature management system. Further, in 2017, Stryker announced the launch of Altrix, a next-generation precision temperature management system used in all clinical settings. In addition, Smiths Medical, a leading global medical device manufacturer, launched the Level 1 convective warmer. This next-generation high-flow convective warmer gives health care providers a peaceful, simple, and safe thermal care solution to help patients maintain average body temperature through every stage of surgery. Further, consolidation of research and development activities leads to product innovations that are likely to offer significant opportunities for product adoption. Likewise, a robust focus on research activities can offer expanded growth opportunity for the temperature management systems market during the forecast period.

Countries in the Asia Pacific are facing increasing incidences of COVID-19. The 2019 novel coronavirus (2019-nCoV), officially named COVID-19 by the WHO, has spread to more than 170 countries, including China prompting the WHO to declare the disease as a global pandemic. Accompanying the catastrophic loss of life that the virus has caused is the impact on the global economy, which has reeled from the effects of the pandemic. The COVID-19 pandemic has critically impacted the region, but it has also provided an opportunity for stakeholders to realign their future path based on strategic intent and focus.

However, with the reduction in number of cases since October 2020, medical device companies re-initiated manufacturing of the thermal management systems as the demand for surgical procedures increased. This led to a partial recovery of losses occurred during the pandemic lockdowns. In addition, increasing government support and reimbursement policies for medical devices are expected to support the temperature management systems market. Overall, the COVID-19 pandemic slowed down the rate of growth, however did not completely have a negative impact on market growth.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the temperature management systems market. The APAC temperature management systems market is expected to grow at a good CAGR during the forecast period.

APAC Temperature Management Systems Market Segmentation   
     

APAC Temperature Management Systems Market – By Product

• Patient Warming Systems
  • Surface Warming Systems
  • Intravascular Warming Systems
  • Warming Accessories
• Patient Cooling Systems
  • Surface Cooling Systems
  • Intravascular Cooling Systems
  • Cooling Accessories

APAC Temperature Management Systems Market – By Application

• Perioperative Care
• Acute Care
• Newborn Care
• Others

APAC Temperature Management Systems Market – By Medical Indication

• General Surgery
• Cardiology
• Neurology
• Pediatrics
• Thoracic Surgery
• Orthopedic Surgery
• Others

APAC Temperature Management Systems Market- By Country

• Japan
• China
• India
• South Korea
• Australia
• Rest of APAC

APAC Temperature Management Systems Market-Companies Mentioned

• 3M
• BD
• Dragerwerk AG & Co. KGaA
• Ecolab
• GENTHERM
• Inspiration Healthcare Group plc
• Smiths Medical
• Stryker Corporation
• ZOLL MEDICAL CORPORATION

Asia-Pacific Temperature Management Systems Report Scope