Asia-Pacific Temperature Management Systems Market to Grow at a CAGR of 5.9% to reach US$ 822.14 Mn Million from 2021 to 2028

Asia-Pacific Temperature Management Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Patient Warming Systems, and Patient Cooling Systems), Application (Perioperative Care, Acute Care, Newborn Care, and Others), and Medical Indication (General Surgery, Cardiology, Neurology, Pediatrics, Thoracic Surgery, Orthopedic Surgery, and Others)

  • Report Code : TIPRE00023755
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 170
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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

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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
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Product, Application, and Medical Indication

Regional Scope
Regional Scope

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

Country Scope
Country Scope

Australia, China, Japan, South Korea

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Temperature Management Systems Market – By Product

1.3.2 APAC Temperature Management Systems Market – By Application

1.3.3 APAC Temperature Management Systems Market – By Medical Indication

1.3.4 APAC Temperature Management Systems Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Temperature Management Systems Market – Market Landscape

4.1 Overview

4.2 APAC PEST Analysis

4.3 Expert Opinions

5. APAC Temperature Management Systems Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Augmenting Prevalence of Chronic Disease and Cardiovascular Diseases

5.1.2 Surge in Number of Surgical Procedures

5.2 Market Restraints

5.2.1 High Expenditure of Products

5.3 Market Opportunities

5.3.1 Expansion in Research & Development Activities and Product Launches

5.4 Future Trends

5.4.1 Tracking Wearable Diagnostic and Therapeutic Device for Hyperthermic and Hypothermic Patients

5.5 Impact Analysis

6. Temperature Management Systems Market – APAC Analysis

6.1 APAC Temperature Management Systems Market Revenue Forecast and Analysis

7. APAC Temperature Management Systems Market Analysis – By Product

7.1 Overview

7.2 APAC Temperature Management Systems Market Revenue Share, by Product 2020 and 2028)

7.3 Patient Warming Systems

7.3.1 Overview

7.3.2 Patient Warming Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

7.3.3 Surface Warming Systems

7.3.3.1 Overview

7.3.3.2 Surface Warming Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

7.3.4 Intravascular Warming Systems

7.3.4.1 Overview

7.3.4.2 Intravascular Warming Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

7.3.5 Warming Accessories

7.3.5.1 Overview

7.3.5.2 Warming Accessories: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Patient Cooling Systems

7.4.1 Overview

7.4.2 Patient Cooling Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

7.4.3 Surface Cooling Systems

7.4.3.1 Overview

7.4.3.2 Surface Cooling Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

7.4.4 Intravascular Cooling Systems

7.4.4.1 Overview

7.4.4.2 Intravascular Cooling Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

7.4.5 Cooling Accessories

7.4.5.1 Overview

7.4.5.2 Cooling Accessories: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

8. APAC Temperature Management Systems Market – By Application

8.1 Overview

8.2 APAC Temperature Management Systems Market, by Application, 2020 and 2028 (%)

8.3 Perioperative Care

8.3.1 Overview

8.3.2 Perioperative Care: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Acute Care

8.4.1 Overview

8.4.2 Acute Care: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Newborn Care

8.5.1 Overview

8.5.2 Newborn Care: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Temperature Management Systems Market – By Medical Indication

9.1 Overview

9.2 APAC Temperature Management Systems Market, by Medical Indication, 2020 and 2028 (%)

9.3 General Surgery

9.3.1 Overview

9.3.2 General Surgery: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Cardiology

9.4.1 Overview

9.4.2 Cardiology: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Neurology

9.5.1 Overview

9.5.2 Neurology: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Pediatrics

9.6.1 Overview

9.6.2 Paediatrics: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Thoracic Surgery

9.7.1 Overview

9.7.2 Thoracic Surgery: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Orthopedic Surgery

9.8.1 Overview

9.8.2 Orthopedic Surgery: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.9 Others

9.9.1 Overview

9.9.2 Others: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

10. APAC Temperature Management Systems Market – Country Analysis

10.1 Asia Pacific: Temperature Management Systems Market

10.1.1 Overview

10.1.2 Asia Pacific: Temperature Management Systems Market - Revenue and Forecast to 2028 (USD Million)

10.1.3 Asia Pacific Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.4 Asia Pacific Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.5 Asia Pacific Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.6 Asia Pacific Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

10.1.7 Asia Pacific Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

10.1.8 Asia Pacific: Temperature Management Systems Market, by Country, 2020 & 2028 (%)

10.1.9 China: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.9.1 China: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.9.2 China Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.9.2.1 China Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.9.2.2 China Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.9.3 China Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

10.1.9.3.1 China Hormonal Applications Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.9.4 China Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

10.1.10 Japan: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.10.1 Japan: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.10.2 Japan Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.10.2.1 Japan Patient Warming Systems Market, by Patient Warming Systems – Revenue and Forecast to 2028 (USD Million)

10.1.10.2.2 Japan Patient Cooling Systems Market, by Type– Revenue and Forecast to 2028 (USD Million)

10.1.10.3 Japan Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

10.1.10.4 Japan Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

10.1.11 India: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.11.1 India: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.11.2 India Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.11.2.1 India Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.11.2.2 India Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.11.3 India Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

10.1.11.4 India Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

10.1.12 South Korea: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.12.1 South Korea: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.12.2 South Korea Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.12.2.1 South Korea Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.12.2.2 South Korea Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.12.3 South Korea Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

10.1.12.4 South Korea Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

10.1.13 Australia: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.13.1 Australia: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.13.2 Australia Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.13.2.1 Australia Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.13.2.2 Australia Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.13.3 Australia Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

10.1.13.4 Australia Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

10.1.14 Rest of Asia Pacific: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.14.1 Rest of Asia Pacific: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

10.1.14.2 Rest of Asia Pacific Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.14.2.1 Rest of Asia Pacific Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.14.2.2 Rest of Asia Pacific Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

10.1.14.3 Rest of Asia Pacific Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

10.1.14.4 Rest of Asia Pacific Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

11. Impact of COVID-19 Pandemic on APAC Temperature Management Systems Market

11.1 Overview

12. Company Profiles

12.1 3M

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 ZOLL MEDICAL CORPORATION

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 BD

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Smiths Medical

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Dragerwerk AG & Co. KGaA

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Ecolab

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 GENTHERM

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Inspiration Healthcare Group plc

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Stryker Corporation

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. APAC Temperature Management Systems Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. Asia Pacific Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 3. Asia Pacific Patient Warming Systems Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 4. Asia Pacific Patient Cooling Systems Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 5. Asia Pacific Temperature Management Systems Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 6. Asia Pacific Temperature Management Systems Market, by Medical Indication– Revenue and Forecast to 2028 (USD Million)

Table 7. China Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 8. China Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 9. China Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 10. China Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 11. China Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

Table 12. Japan Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 13. Japan Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 14. Japan Patient Cooling Systems Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 15. Japan Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 16. Japan Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

Table 17. India Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 18. India Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 19. India Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 20. India Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 21. India Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

Table 22. South Korea Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 23. South Korea Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 24. South Korea Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 25. South Korea Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 26. South Korea Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

Table 27. Australia Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 28. Australia Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 29. Australia Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 30. Australia Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 31. Australia Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

Table 32. Rest of Asia Pacific Temperature Management Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 33. Rest of Asia Pacific Patient Warming Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 34. Rest of Asia Pacific Patient Cooling Systems Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 35. Rest of Asia Pacific Temperature Management Systems Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 36. Rest of Asia Pacific Temperature Management Systems Market, by Medical Indication – Revenue and Forecast to 2028 (USD Million)

Table 37. Glossary of Terms, APAC Temperature Management Systems Market

LIST OF FIGURES

Figure 1. APAC Temperature Management Systems Market Segmentation

Figure 2. APAC Temperature Management Systems Market Segmentation, By Country

Figure 3. APAC Temperature Management Systems Market Overview

Figure 4. Patient Warming Systems Segment Held Largest Share of APAC Temperature Management Systems Market

Figure 5. China to Show Significant Growth During Forecast Period

Figure 6. APAC PEST Analysis

Figure 7. APAC Temperature Management Systems Market Impact Analysis of Drivers and Restraints

Figure 8. APAC Temperature Management Systems Market – Revenue Forecast And Analysis

Figure 9. APAC Temperature Management Systems Market Revenue Share, by Product (2020 and 2028)

Figure 10. APAC Patient Warming Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

Figure 11. APAC Surface Warming Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

Figure 12. APAC Intravascular Warming Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

Figure 13. APAC Warming Accessories: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

Figure 14. APAC Patient Cooling Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

Figure 15. APAC Surface Cooling Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

Figure 16. APAC Intravascular Cooling Systems: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

Figure 17. APAC Cooling Accessories: Temperature Management Systems Market– Revenue and Forecast to 2028 (US$ Million)

Figure 18. APAC Temperature Management Systems Market, by Application, 2020 and 2028 (%)

Figure 19. APAC Perioperative Care: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. APAC Acute Care: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. APAC Newborn Care: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. APAC Others: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. APAC Temperature Management Systems Market, by Medical Indication, 2020 and 2028 (%)

Figure 24. APAC General Surgery: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. APAC Cardiology: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. APAC Neurology: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. APAC Pediatrics: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. APAC Thoracic Surgery: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. APAC Orthopedic Surgery: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. APAC Others: Temperature Management Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Asia Pacific: Temperature Management Systems Market, by Key Country – Revenue (2020) (USD Million)

Figure 32. Asia Pacific Temperature Management Systems Market Revenue and Forecast to 2028 (USD Million)

Figure 33. Asia Pacific: Temperature Management Systems Market, by Country, 2020 & 2028 (%)

Figure 34. China: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

Figure 35. Japan: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

Figure 36. India: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

Figure 37. South Korea: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

Figure 38. Australia: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

Figure 39. Rest of Asia Pacific: Temperature Management Systems Market – Revenue and Forecast to 2028 (USD Million)

Figure 40. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

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