Temperature Management Systems Market Size | Report By 2028

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

Publication Month : Jun 2021

  • Report Code : TIPRE00022587
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 212
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[Research Report] The temperature management systems 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.

Temperature management systems, called as thermal management systems, utilizes heat transfer and thermodynamics to manage the temperature of a system. Temperature management systems aid in regulating and maintaining the normal body temperature of patients in intensive care, resting rooms, OT's, and other regions of hospitals. These systems are captious for patients in every setting. Temperature management is a type of active treatment for a specific period during recovery when the blood flow to the brain is poor. The factors such as the increasing prevalence of chronic disease and cardiovascular diseases and rising number of surgical procedure drive the growth of the temperature management systems market. However, high cost of these products is expected to restrict the market growth to a certain extent during the forecast period.

Lucrative Regions for Temperature Management Systems Market



Lucrative Regions for Temperature Management Systems Market
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Market Insights

Increasing Prevalence of Chronic Disease and Cardiovascular Diseases

Healthcare system across the world is observing massive growth in the prevalence of infectious diseases. Additionally, the prevalence of chronic conditions such as cancer, diabetes, and cardiovascular disorders is witnessing a rise across the world. This increase in prevalence of infectious and chronic conditions is projected to drive the adoption of temperature management systems, which will eventually accelerate the market growth. For instance, according to the Centers for Disease Control and Prevention (CDC), almost 6 in 10 people in the US suffered from at least one chronic disease, and 4 in 10 people had two or more chronic conditions in 2019. Globally, there has been an increase in 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. In addition, 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. 

Cardiovascular diseases (CVDs) are the number one cause of death globally, taking an estimated 17.9 million lives each year. One person dies every 36 seconds in the US due to cardiovascular disease. About 655,000 Americans die from heart disease each year, i.e., one in every four deaths. For example, during open-heart surgery, the lowering of the patient’s body heat is essential. This is achieved through blood cooling, which helps reduce the complications before and after the surgery. On the other hand, patient warming systems are used to treat cancer patients who are undergoing chemotherapy or radiation therapy for effective results. Such staggering prevalence of chronic conditions generates demand for temperature management systems during the forecast period.

Product-Based Insights

Based on product, the temperature management systems market is categorized into patient warming systems and patient cooling systems. The patient warming systems segment held a larger 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.

Global Temperature Management Systems Market, by Product– 2020 and 2028



Global Temperature Management Systems Market, by Product– 2020 and 2028
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Application -Based Insights

Based on application, the temperature management systems market has been segmented into perioperative care, acute care, newborn care, and others. The perioperative care segment held the largest share of the market in 2020, whereas the acute care segment is estimated to register the highest CAGR in the market during the forecast period.

Medical Indication-Based Insights

Based on medical indication, the temperature management systems market has been segmented into general surgery, cardiology, neurology, pediatrics, orthopedic surgery, thoracic surgery, and others. The general surgery segment held the largest share of the market in 2020, whereas the cardiology segment is estimated to register the highest CAGR in the market during the forecast period.

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Temperature Management Systems Market: Strategic Insights

temperature-management-systems-market
Market Size Value inUS$ 2,332.93 Million in 2021
Market Size Value byUS$ 3,343.41 Million by 2028
Growth rateCAGR of 5.3% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Various companies operating in the temperature management systems market adopt strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions to expand their footprint worldwide, maintain brand name, and meet the growing demand from end users.

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

Temperature Management Systems Market – by Application

  • Perioperative Care
  • Acute Care
  • Newborn Care
  • Others

Temperature Management Systems Market – by Medical Indication

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

Temperature Management Systems Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

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

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product ; Application ; Medical Indication , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is temperature management systems?

Temperature management systems, called as thermal management systems, utilizes heat transfer and thermodynamics to manage the temperature of a system. Temperature management systems aid in regulating and maintaining the normal body temperature of patients in intensive care, resting rooms, OT's, and other regions of hospitals. These systems are captious for patients in every setting. Temperature management is a type of active treatment for a specific period during recovery when the blood flow to the brain is poor.

What are the driving factors for the temperature management systems market across the globe?

Key factors that are driving the growth of this market include increasing prevalence of chronic disease and cardiovascular diseases and rising number of surgical procedures drive the growth of the temperature management systems market.

What is the regional market scenario of temperature management systems?

Global temperature management systems market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, the U.S. is the largest market for temperature management systems. The growth of this region is attributed to increase in demand for advanced facilities. In addition, growing prevalence of chronic diseases and cardiovascular conditions leading to cardiac arrest is a prominent factor for growth of the market in the country. Additionally, increasing focus on technology partnerships and distribution collaborations are also projected to drive the growth of temperature management systems market in North America.

The Asia Pacific region is expected to account for the fastest growth in the temperature management systems market. Rapid development of healthcare infrastructure along with use of advanced instrumentation for delivering high-quality surgical and perioperative care is expected to impact the growth of the market in the region.

The List of Companies - Temperature Management Systems Market

  1. 3M
  2. ZOLL MEDICAL CORPORATION
  3. BD
  4. Smiths Medical
  5. Dragerwerk AG & Co. KGaA
  6. Ecolab
  7. GENTHERM
  8. Geratherm Medical AG
  9. Inspiration Healthcare Group plc
  10. Stryker Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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