Temperature Management Systems Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034

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The temperature management system (TMS) are medical devices and technologies that are designed to regulate and maintain a patient's body temperature within a specific range. The systems generally include patient warming system and colling systems that are crucial in various medical settings including surgery, intensive care and post operative recovery. It prevents complications arising from temperature fluctuations like hypothermia or hyperthermia. They employ a variety of methods, including cooling and warming blankets, pads, and sophisticated automated devices to control patient temperature accurately and efficiently. It tries to achieve and maintain a specific body temperature in a person for a specific duration of time in an effort to improve health outcomes.

MARKET OVERVIEW

The market valuation of temperature management systems market was valued at approximately USD 2.9 billion in 2023 and is projected to reach USD 4.5 billion in 2034 exhibiting a CAGR of 4.5% during the forecast period of 2024-2034. Temperature management systems plays a crucial role in enhancing patient outcomes and ensuring over all well-being of the patients. The market is aligned with healthcare sector, which makes it a sustainable and growing market.


GROWTH DRIVERS

The increase prevalence of chronic conditions like cardiovascular diseases cancer and neurological diseases, leads to a higher number of surgeries. The temperature management systems are crucial in very operative settings to maintain normothermia an improved patient outcome. According to WHO, cardiovascular diseases (CVDs) are the leading cause of death globally, responsible for an estimated 17.9 million deaths in 2016 and 20.5 million deaths in 2021. This represents 31% and one-third of all global deaths, respectively. More than four out of five CVD deaths are due to heart attacks and strokes, and one third of these deaths occur in people under 70 years of age.

According to NIH, around 310 million major surgeries are performed each year; around 40 to 50 million in USA and 20 million in Europe. The technological advancements and innovations in temperature management system technology like noninvasive systems, precision temperature control and automated devices. It enhances the effectiveness and ease of use these systems, which is one of the significant drivers for the adoption of the market. For instance, Medtronic’s WarmTouch product line tailored for most surgical procedures, offering even airflow and patient comfort. The soft but strong WarmTouch quilted blankets meet a wide range of needs to offer the optimal solution for easy and effective patient warming. 

The expansion of healthcare infrastructure in emerging economies, creates new opportunities for the deployment of temperature management systems and hospitals. The government initiatives aimed at improving healthcare services, contributes towards the growth of the market. According to KPMG report healthcare leaders are increasingly looking to embed the principles of continuous improvement in their organizations. According to Statista, the projected revenue in the hospitals market worldwide is expected to reach USD 4.2 trillion in 2024.

It is anticipated that the revenue will exhibit an annual growth rate of 4.1% during the forecast of 2024 to 2029, resulting in a market volume of USD 5.9 trillion by 2029. The United States is expected to generate the highest revenue, approximately USD1,501.1 billion in 2024. The growing awareness of the benefits of temperature management systems among healthcare professionals combined with training programs on their use drive the market towards growth. The associations like ASA advocate for the monitoring to temperature and integration of TMS in clinical practice through various education initiatives, contributes towards market growth.

MARKET SEGMENTATION:

·         By Product Type - Patient warming system (Surface Warming Systems, Connective Warming Systems, Conductive Warming Systems, Intravascular Warming Systems), Patient Cooling Systems (Surface Cooling Systems, Intravascular Cooling Systems, Conventional Cooling Systems) and others

·         By Application- Perioperative Care (Operating rooms, Postoperative Care Units, Preoperative Care Units), Acute Care (ICU, Coronary Care units, Neurological Care unit, Burn Centers) Emergency rooms, Cath Lab, Maternal /Neonatal Care (Newborn Care, Delivery Suites, Neonatal ICU, Postnatal Wards) and others

·         By Medical Specialty- General Surgery, Cardiology, Neurology, Pediatrics, Thoracic Surgery, Orthopedic Surgery and others

·         By Region- North America, Europe, Asia Pacific, The Middle East and Africa, South America

Temperature Management Systems Market Segment By Product Type Review:

The temperature management system market is segmented by product type into patient warming systems, patient cooling systems, and other specialized devices, each catering to specific medical applications. Patient warming systems, essential in maintaining normothermia during and after surgical procedures. It includes surface warming systems like forced air and water circulating blankets, convective warming systems using heated air, conductive warming systems with direct contact heating elements.


These systems are widely used in surgical procedures like trauma care, neonatal care, and critical care units driven by increasing surgical procedures and growing awareness of perioperative hypothermia risks. Patient cooling systems are vital for therapeutic hypothermia, particularly post cardiac arrest, and for managing fever in critical care. Surface cooling systems use cooling blankets and pads to reduce body temperature, whereas the intravascular cooling systems circulate cold fluids through catheters for precise temperature control. The conventional cooling methods like ice packs and cooling fans are also used in basic fever management. The growth in this segment is fueled by the rising prevalence of cardiac and neurological conditions. The increasing adoption of therapeutic hypothermia and technological improvements in cooling devices.

Temperature Management Systems Market Segment By Applications Review:

The TMS market is segmented by application into very operative care, acute care, emergency rooms, Cath labs, maternal neonatal care, and other specialized medical settings. In the perioperative care, the systems are used before, during, and after surgeries to maintain normothermia. It prevents the complications like infections and prolonged recovery times. The acute care settings like ICU, CCU, neurological care units and burn centers requires precise control to manage critically inpatients.

It improves the outcomes in conditions including sepsis, cardiac arrest, stroke and severe burns. The emergency rooms utilizes these systems for rapid warming or cooling of trauma patients and those with acute medical conditions to stabilize them quickly. In Cath labs maintaining normothermia during lengthy cardiac procedures helps reduce complications. The maternal/neonatal care emphasis on temperature management, in order to ensure the health of mothers and newborns, especially in NICU’s, where preterm infants are at high risk of hypothermia.

Temperature Management Systems Market Segment By Medical Specialty Review:

The temperature management systems market is segmented by medical specialty, with each segment having specific applications. In general surgery, these systems are essential for maintaining normothermia during and after operations, in order to prevent complications such as increased infection rates and blood loss. Cardiology uses temperature management systems for cardiac surgeries and post cardiac arrest care, where therapeutic hypothermia can significantly improve patient outcomes. Neurology benefits from temperature control in managing stroke and traumatic brain injuries, where cooling can reduce secondary brain damage.

Pediatrics relies on these systems for neonatal care, particularly for treating hypoxic-ischemic encephalopathy (HIE). In thoracic and orthopedic surgeries, the temperature management is crucial to prevent hypothermia, to enhance recovery and reduce postoperative complications. Other specialties, such as gastroenterology, urology, and emergency medicine use temperature management for various procedures, including complex surgeries and trauma care. The market growth is driven by increasing surgical procedures, the rising prevalence of critical conditions, technological advancements, and the adoption of enhanced recovery protocols across all these specialties.

Temperature Management Systems Market Regional Analysis:

North America is the significant market driven by the factors like presence of well-established healthcare systems coupled with high adoption rate of advanced medical technologies in countries like United States, Canada and more. The hospitals and clinics are equipped with the state-of-the-art temperature management systems for enhanced patient care. The region has a high frequency of chronic diseases like cardiovascular condition, cancer and neurological disorders which requires advanced temperature management during surgeries and intensive care. According to the CDC, an estimated 129 million people in the US have at least one major chronic disease, such as heart disease, cancer, diabetes, obesity, or hypertension. This number has been steadily increasing over the past 20 years and is expected to continue.

By 2030, the American Hospital Association estimates that 170 million Americans will have at least one chronic illness. The region has the presence of key global companies in the Temperature management system market like 3M, Medtronic and others, which boosts market growth. The significant improvements in research and development by companies and academic institution drives the innovation of temperature management technologies. The United States and Canada have favorable reimbursement policies for medical procedures which encourages the hospital to adopt advanced temperature management systems, leading to the increase in adoption of the market.

Europe is a valuable market driven by presence of rapidly aging population, which increases the demand for medical interventions that require temperature management like surgeries and critical care. The countries climates like Iceland, Norway and more experiences higher rates of hypothermia requiring efficient temperature management systems in emergency and medical settings. Asia Pacific is the rapidly growing market driven by the expanding healthcare infrastructure and rapid economic growth in countries like China, India and others, leads to significant investments in healthcare infrastructure.

The region as a rise in incidence of chronic diseases like diabetes and cardiovascular conditions, which requires proper temperature management in medical procedures. According to NIH, APAC region is experiencing a rise in chronic diseases (NCDs), which are now the leading cause of death and disease burden in the region. The most common NCDs are cardiovascular diseases CVD, diabetes, cancer, and chronic respiratory diseases. The Middle East and Africa is a promising market driven by the investments in infrastructure development including healthcare in the structure.  South America is a growing market driven by the healthcare infrastructure and rise in incidence of hypothermia and hyperthermia, due to diverse climates.


Key Challenges:

The temperature management systems, especially those with using sophisticated technologies like automated control and monitoring systems, are often expensive. These high costs may limit adoption, particularly in developing regions where healthcare budgets are constrained. The limited resources in developing countries may restrict the adoption of advanced temperature management systems.  According to WHO, poor countries tend to have less access to health services than those in better-off countries, and within countries, the poor have less access to health services. The poor in LMICs (low middle class income countries) are consistently at a disadvantage in each of the dimensions of access. The strict regulatory requirements and lengthy approval processes may delay the introduction of new temperature management systems in the market

Competitive Landscape:

In the highly competitive temperature management systems market, companies are investing heavily in research and development to innovate and improve the product and services. They are also collaborating, forming strategi partnerships, or acquiring other companies to gain access to new market segments, enhance distribution networks, and increase market share. Recent developments includes – Drager AG and Co. KGaA launched FDA approved Babyroo TN300, in June 2023. Ashai-Kasei Corporation collaborated with BrainCool for the distribution of BrainCool System/IQool System and its cooling pads, in July 2023. ICU Medical acquired Smiths Medical at around USD 2.5 billion, in January 2022. Gentherm acquired Jiangdem Dacheng medical Equipment, in July 2022. In August 2022, Merit Medical Systems launched  SafeGuard Focus Cool Compression Device. In May 2021, ZOLL and Global Healthcare SG collaborated to distribute portable targeted management system in APAC region.

Global Key Players:

·         Drager AG and Co. KGaA

·         Becton, Dickson and Company

·         Stryker Corporation

·         Zoll Medical Corporation

·         Medtronic

·         Bard Medical

·         Cincinnati Sub-Zero Products, LLC

·         3M Company

·         The 37company

·         Atom Medical Corporation

·         Geratherm Medical Ag

·         Inditherm Plc

·         Other Players

Attributes

Details

Base Year

2023

Trend Period

2024 – 2034

Forecast Period

2024 – 2034

Pages

215

By Product Type

Patient warming system (Surface Warming Systems, Connective Warming Systems, Conductive Warming Systems, Intravascular Warming Systems), Patient Cooling Systems (Surface Cooling Systems, Intravascular Cooling Systems, Conventional Cooling Systems) and others

By Application

Perioperative Care, Operating rooms, Postoperative Care Units, Preoperative Care Units, Acute Care, ICU, Emergency rooms, Coronary Care units, Burn Centers, Neurological Care unit, Burn Centers, Neurological Care unit, Cath Lab, Newborn Care, Delivery Suites, Neonatal ICU, Postnatal Wards and others

By Medical Specialty

General Surgery, Cardiology, Neurology, Pediatrics, Thoracic Surgery, Orthopedic Surgery and others

By region

North America, Europe, Asia Pacific, the Middle East and Africa, and South America

Company Profiles

Drager AG and Co. KGaA, Becton, Dickson and Company, Stryker Corporation, Zoll Medical Corporation, Medtronic, Bard Medical, Cincinnati Sub-Zero Products, Llc, 3M Company, The 37company, Atom Medical Corporation, Geratherm Medical Ag, Inditherm Plc, Other Players

Edition

1st edition

Publication

June 2024

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