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(MoneyNewsWire.Net, November 30, 2017 ) Demand for Temperature management products is expected to be affected by the growing number of surgical procedures. For example, open heart surgeries require careful monitoring and maintenance of patients' temperature through blood cooling which in turn reduces the risk for perioperative and postoperative surgical complications. The Global Temperature Management market size was around USD 2.35 billion in 2016. It is expected to grow at a CAGR of 2.5 % to reach USD 2.66 billion by 2021.
Reduction in the loss of blood during surgeries, reduced risks of neurological disorders post cardiac arrests, rapid post-surgery recovery and decreasing risks of SSIs are few of the benefits offered by temperature management devices. These benefits further reduce the stay at hospitals thereby, reducing the healthcare costs by augmenting the healthcare infrastructure with the usage of patient temperature management devices.
More and more technologically advanced intravascular systems, increasing number of conferences for physicians to spread awareness, greater research funding and rising cases of chronic diseases are the primary factors driving the growth of this market. Secondary factors include increasing number of healthcare organizations adopting the temperature management system in multiple clinical applications, prevalence of Nervous System and Cardiovascular Disorders, advancements in the development of mobile devices, rising cases of cancer. In addition, growing birth rates has also given rise to additional demand for temperature management devices for controlling temperature in neonatal care.
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The Global Temperature Management Market Segmentation by product, by application, by medical specialty, by end user and Region
1. Product
Surface & Intravascular Systems - Warming & Cooling
2. Application
Acute and Perioperative Care
3. Medical specialty
Paediatric
Orthopaedic
Neurology
4. End User
Surgeon
Anaesthesiologis
5. Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Major companies in the Temperature Management market are 3M Company (U.S.), Smiths Medical (U.K.), Medtronic plc (Ireland), C.R. Bard Inc. (U.S.), Cincinnati Sub-Zero Products, Inc. (U.S.), Geratherm Medical AG (Germany), Inspiration Healthcare Group plc, (U.K.), Stryker Corporation (U.S.), The 37Company (Netherlands), ZOLL Medical Corporation (U.S.), GE Healthcare (U.S.), Becton, Dickinson and Company (U.S.), DRΔGERWERK AG & CO. KGAA (Germany), and Ecolab (U.S.)
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