Temperature Management Systems Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: LS240617 | Research Suite: Report (PDF) & Market Data (Excel)
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 |