The global patient temperature management market is expected to
grow by USD 1.09 billion as per Technavio. This marks a significant
market growth compared to the 2019 growth estimates due to the
impact of the COVID-19 pandemic in the first half of 2020. However,
steady growth is expected to continue throughout the forecast
period, and the market is expected to grow at a CAGR of almost
7%.
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Technavio has announced its latest market
research report titled Global Patient Temperature Management Market
2020-2024 (Graphic: Business Wire)
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Read the 120-page report with TOC on "Patient Temperature
Management Market Analysis Report by Product (Patient warming
devices and Patient cooling devices), Geography (North America,
Europe, Asia, and ROW), and the Segment Forecasts,
2020-2024".
https://www.technavio.com/report/patient-temperature-management-market-industry-analysis
The market is driven by the rising number of surgical
procedures. In addition, technological advances in patient
temperature management products are anticipated to boost the growth
of the patient temperature management market.
Factors such as sedentary lifestyles, environmental pollution,
stress, excessive consumption of alcohol, and unhealthy dietary
habits have increased the prevalence of various chronic conditions.
This has increased the number of hospital visits and surgical
procedures across the world. For instance, in 2017, around 28.6
million people visited hospitals and ASCs, and 53% of all surgical
procedures were performed in hospitals and 47% were performed in
ASCs in the US alone. Surgeries related to CVDs, orthopedics, and
cancer are some of the most commonly performed procedures. In the
treatment of cancer, hyperthermia is used to make some cancer cells
more sensitive to radiation and kill cancer cells that cannot be
destroyed by radiation therapy. In such conditions, patient
temperature monitoring systems are used. With the growing number of
surgical procedures, the demand for patient temperature monitoring
systems is expected to increase during the forecast period.
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Major Five Patient Temperature Management Companies:
3M Co.
3M Co. operates its business through segments such as
Industrial, Health Care, Electronics and Energy, Electronics and
Energy, and Consumer. The company offers a wide range of patient
temperature management systems. Some of its key offerings include
3M Bair Hugger Normothermia System, 3M Bair Paws System, and 3M
Ranger Blood & Fluid Warming System.
Asahi Kasei Group
Asahi Kasei Group operates its business through segments such as
Material, Homes, Health Care, and Others. The company offers a wide
range of patient temperature management systems. Some of its key
offerings include Thermogard XP Temperature Management System, STx+
Surface Pad System, and Catheter Family.
Becton, Dickinson and Co.
Becton, Dickinson and Co. operates its business through segments
such as BD Medical, BD Life Sciences, and BD Interventional. enFlow
IV fluid and Blood Warming System is the key offering of the
company.
Geratherm Medical AG
Geratherm Medical AG operates its business through segments such
as Healthcare Diagnostic, Respiratory, Medical Warming Systems, and
Cardio/Stroke. The company offers a wide range of patient
temperature monitoring systems under the brands, UniqueTemp, Unique
Resc, and LMT.
Medtronic Plc
Medtronic Plc operates its business through segments such as
Cardiac and Vascular Group, Minimally Invasive Therapies Group,
Restorative Therapies Group, and Diabetes Group. The company offers
a wide range of patient temperature monitoring systems. Some of its
key offerings include WarmTouch Full-Body/MultiAccess Blanket,
WarmTouch Lower Body Blanket, WarmTouch Pediatric Blanket, and
WarmTouch Cardiac Blanket.
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Patient Temperature Management Market Product Outlook (Revenue,
USD Billion, 2020-2024)
- Patient warming devices
- Patient cooling devices
Patient Temperature Management Market Geography Outlook
(Revenue, USD Billion, 2020-2024)
- North America
- Europe
- Asia
- ROW
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Related Reports on Healthcare Include:
Global Infrared Thermometers
Market – Global infrared thermometers market by type
(non-contact infrared thermometers and contact infrared
thermometers) and geography (APAC, Europe, MEA, North America, and
South America).
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version on businesswire.com: https://www.businesswire.com/news/home/20200703005236/en/
Technavio Research Jesse Maida Media & Marketing Executive
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