Temperature Management Market by Product (Surface & Intravascular System - Warming & Cooling), Application (Perioperative (Preoperative Care, Operating Room), Acute Care, Newborn Care), Medical Specialties (Pediatric, Orthopedic) - Global Forecast to 2024
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Request NowThe global temperature management market is projected to reach USD 3.0 billion in 2024 from 2.6 billion in 2019, at CAGR of 3.2% during the forecast period. Some of the major factors driving the growth of this market include the increasing incidence of chronic conditions and increasing number of surgical procedures. However, the high cost of intravascular temperature management systems is restraining the growth of this market.
By product, the patient cooling systems segment is expected to witness above-average growth in the temperature management market during the forecast period.
Based on products, the market is segmented into patient warming systems and patient cooling systems. Patient cooling systems are expected to register the highest growth in the forecast period. This growth can be attributed to factors such as the growing demand for these systems in diverse hospital settings and the increasing adoption of invasive warming in surgical procedures such as orthopedic surgeries, gynecological & obstetric procedures, gastrointestinal procedures, and general surgeries.
By medical specialty, the orthopedic surgery segment is expected to grow at the highest CAGR during the forecast period.
The growing number of knee and hip replacement procedures, rising prevalence of arthritis, sedentary lifestyles, increasing prevalence of musculoskeletal disorders, and the increasing number of sports injury cases are the key factors driving the growth of the orthopedic surgery segment. The increasing number of orthopedic surgical procedures will increase the demand for temperature management systems which will contribute to the groth of the segment.
By application, the acute care segment is expected to grow at the highest CAGR during the forecast period.
Based on applications, the market is segmented into perioperative care, acute care, newborn care, and other applications. The acute care segment is expected to grow at the highest CAGR during the forecast period. Acute care encompasses specialized care and the support given to patients during emergencies or after undergoing surgeries in hospitals including intensive care units (ICUs), emergency rooms, coronary care units (CCUs), neurological care units, burn centers, and cath labs. The increase in the number of surgical procedures, growth in geriatric population, and increasing number of product launches are driving the growth of the acute care segment.
In 2018, North America accounted for the largest share of the temperature management market.
In 2018, North America accounted for the largest share of this market, followed by Europe. The large share of this regional segment is mainly due to the large volume of surgical procedures performed in North American countries. On the other hand, the market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Factors such as the growing demand for aesthetic and medical surgeries, rising incidence of cardiac arrests and CNS disorders, government efforts to increase access to elective surgeries, and improving healthcare infrastructures are the major factors supporting the growth of the Asia Pacific market.
Market Dynamics
Driver: Increasing number of surgical procedures
The number of surgical procedures performed has increased over the years due to the increasing prevalence of various diseases and growth in the geriatric population. Based on the data published by the WHO, the volume of surgical procedures performed worldwide is projected to reach 400 million by 2020 from 300 million in 2012. According to the United Nations, the population of individuals aged 60 and over is expected to grow by 56%from 901 million in 2015 to 1.4 billion by 2030; by 2050, this population group is projected to double in size, reaching nearly 2.1 billion. The geriatric population is at a higher risk of chronic diseases as well as orthopedic disorders. Thus, growth in this population segment and the subsequent increase in the number of surgical procedures performed is expected to drive the demand for temperature management systems.
Restraint: High cost of intravascular temperature management systems
Intravascular temperature management systems provide rapid, safe, and effective management of the core body temperature of patients. However, the cost of these systems and accessories is significantly higher than that of noninvasive systems and accessories.
The high cost of disposables (such as catheters and tubing sets) results in the increased cost of care in intravenous patient cooling. The cost per patient for invasive cooling ranges between USD 900 and 1,400, depending on the type of single-use components used, as opposed to USD 510 in surface cooling methods. approval processes may deter research investments in this market and delay new product launches.
Opportunity: Growing number of contracts and agreements between market players
Over the years, the number of companies offering temperature management systems has increased globally. Major market players are focusing on strengthening their product offerings, distribution networks, and geographic presence by entering into contracts and agreements with other established and emerging players in the market. This provides growth opportunities for emerging companies in the market. For instance,
- In February 2017, Advanced Cooling Therapy (Formally known as Attune Medical) (US) received an innovative technology contract from Vizient, Inc. (US) for its esophageal cooling device.
- In June 2016, ZOLL Medical Corporation (US) (Subsidiary of Asahi Kasei) received a contract from Pentagon to provide the US Army and Air Force with monitors to check vital signs.
- In October 2016, 3M Company (US) entered into an agreement with VitaHEAT Medical (US) for the exclusive distribution of the VitaHEAT UB3 patient warming system in the US.
- In June 2016, The 37Company (Netherlands) and Medibrokers (Colombia) entered into a partnership agreement. Under the terms of this agreement, Medibrokers is the licensed distributor of the 37Companys temperature management products in Colombia.
Similarly, companies such as Gentherm (US), The 37Company (Netherlands), Inspiration Healthcare Group plc (UK), and ZOLL Medical Corporation (US), a part of Asahi Kasei have expanded their business operations in various geographies over the past five years. Such strategies help firms to expand their customer base and extend their presence in the untapped, emerging markets.
Challenge: Sustainability of players in the highly competitive market
The global temperature management market is dominated by few players such as 3M Company (US), Medtronic (Ireland), Stryker (US), and Smiths Medical (US), with a combined market share of ~80%. This makes it difficult for mid-tier firms and start-ups to gain market visibility and share. Owing to regulatory hurdles and the increasing cost and time associated with clinical trials, these companies experience difficulties in coping with the industry pace and struggle for survival. Many of these companies either drop their development programs due to financial crisis or are acquired by bigger players. For instance, in April 2016, Gentherm (US) acquired Cincinnati Sub-Zero Products (CSZ, US), a manufacturer of high-quality patient temperature systems.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20172024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
Million (USD) |
|
Segments covered |
Product, Application, Medical Specialty, and Region |
|
Geographies covered |
North America (US and Canada), Europe (UK, Germany, France, and RoE), APAC, and the RoW |
|
Companies covered |
3M Company (US), Becton, Dickinson and Company (US), Drδger AG & Co. KGaA (Germany), Ecolab (US), GE Healthcare (US), Gentherm Incorporated (US), Inspiration Healthcare (UK), Medtronic plc (Ireland), Smiths Medical (US), Stryker Corporation (US), The 37Company (Netherlands), and Zoll Medical Corporation (US) |
Key Market Players
3M Company (US), Becton, Dickinson and Company (US), Drδger AG & Co. KGaA (Germany), Ecolab (US), GE Healthcare (US), Gentherm Incorporated (US), Inspiration Healthcare (UK), Medtronic plc (Ireland), Smiths Medical (US), Stryker Corporation (US), The 37Company (Netherlands), and Zoll Medical Corporation (US)
Recent Developments
- In 2019, Smiths Medical launched its Level 1 convective warmer in the market.
- In 2017, Stryker Corporation launched the Altrix Precision Temperature Management System.
- In 2017, Drδger launched its Incu Warmer Babyleo TN500.
- In 2017, The 37Company partnered with Medival (Italy) to distribute 37Companys temperature management products in Italy.
- In 2016, Gentherm acquired Cincinnati Sub-Zero Products, LLC (CSZ), one of the leading providers of temperature management equipment for USD 65 million.
Critical questions the report answers:
- Who are the major market players in the market?
- What are the regional growth trends and the largest revenue-generating regions for market?
- What are the major drivers and challenges in the market?
- What are the major product segments in the market?
- Who are the major end users of temperature management products?
Frequently Asked Questions (FAQ):
What type of temperature management products are expected to witness the highest growth?
Which is the leading application segment for temperature management products?
Which are the leading type of surgeries that use temperature management products?
Who are the key players operating in the temperature management market?
Which geographical region is expected to grow at the fastest rate in the temperature management market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 20)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Covered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 23)
2.1 Research Data
2.1.1 Secondary Sources
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 34)
4.1 Temperature Management Market Overview
4.2 Market, By Product
4.3 North America: Market, By Country & Product (2018)
4.4 Market, By Country
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in the Incidence of Chronic Conditions
5.2.1.2 Increasing Number of Surgical Procedures
5.2.2 Restraints
5.2.2.1 High Cost of Intravascular Temperature Management Systems
5.2.3 Opportunities
5.2.3.1 Growing Number of Contracts and Agreements Between Market Players
5.2.4 Challenges
5.2.4.1 Sustainability of Players in the Highly Competitive Market
6 Temperature Management Market, By Product (Page No. - 41)
6.1 Introduction
6.2 Patient Warming Systems
6.2.1 Surface Warming Systems
6.2.1.1 Convective Warming Systems
6.2.1.1.1 Rising Adoption of Convective Warming Systems Among Hospitals to Drive Market Growth
6.2.1.2 Conductive Warming Systems
6.2.1.2.1 Conductive Warming is A Safe, Inexpensive, and Effective Method for Warming Patients During Perioperative Procedures
6.2.2 Intravascular Warming Systems
6.2.2.1 Technological Advancements are Driving the Growth of the Intravascular Warming Devices Market
6.2.3 Warming Accessories
6.3 Patient Cooling Systems
6.3.1 Surface Cooling Systems
6.3.1.1 Risk of Overshoot and Skin Lesion & Burns are Limiting the Use of These Systems
6.3.2 Intravascular Cooling Systems
6.3.2.1 Increased Precision of Operating in Smaller Temperature Range is Driving the Adoption of These Systems
6.3.3 Cooling Accessories
7 Temperature Management Market, By Application (Page No. - 63)
7.1 Introduction
7.2 Perioperative Care
7.2.1 Operating Rooms
7.2.1.1 Operating Rooms Dominate the Market for Perioperative Care
7.2.2 Postoperative Care Units
7.2.2.1 Need to Monitor Hypothermia in Surgical Patients Drives Demand for Temperature Management in Postoperative Care
7.2.3 Preoperative Care Units
7.3 Acute Care
7.3.1 Intensive Care Units
7.3.1.1 Increasing Admissions and Growing Prevalence of Life-Threatening Diseases are Driving Market Growth
7.3.2 Emergency Rooms
7.3.2.1 Rising Number of ER Visits is Driving the Growth of This Segment
7.3.3 Coronary Care Units
7.3.3.1 Risks Associated With the Use of Intravascular Temperature Management have Affected Its Adoption in Coronary Care
7.3.4 Burn Centers
7.3.4.1 Severe Effects of Hypothermia on Burn Victims Necessitate Temperature Management Measures
7.3.5 Neurological Care Units
7.3.5.1 Growing Prevalence of Alzheimers, Stroke, and Other Neurological Diseases has Supported Market Growth
7.3.6 Cath Labs
7.3.6.1 High Incidence of Cardiac Arrests Supports Demand for Temperature Management in Cath Labs
7.4 Newborn Care
7.4.1 Delivery Suites
7.4.1.1 High Birth Rate in Developing Regions is A Key Growth Driver in This Segment
7.4.2 Neonatal Intensive Care Units
7.4.2.1 High Neonatal Death Rate has Bolstered Demand for Temperature Management
7.4.3 Postnatal Wards
7.4.3.1 Recommendations for Postnatal Care have Contributed to Market Growth
7.5 Other Applications
8 Temperature Management Market, By Medical Specialty (Page No. - 92)
8.1 Introduction
8.2 General Surgery
8.2.1 Increasing Incidence of Breast, Lung, and Colorectal Cancers and the Large Number of General Surgeries Performed to Drive Market Growth
8.3 Cardiology
8.3.1 High Incidence of Cardiac Arrests is A Major Factor Driving Market Growth
8.4 Neurology
8.4.1 Increasing Incidence of Traumatic Brain Injuries, Stroke, and Tumors to Support Market Growth
8.5 Pediatrics
8.5.1 Increasing Focus on Reducing Infant Mortality is Supporting the Growth of This Market Segment
8.6 Thoracic Surgery
8.6.1 Increasing Prevalence of Lung Diseases to Drive the Adoption of Temperature Management Systems
8.7 Orthopedic Surgery
8.7.1 Orthopedic Surgery Segment to Register the Highest Growth During the Forecast Period
8.8 Other Medical Specialties
9 Temperature Management Market, By Region (Page No. - 106)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US Dominates the North American Market
9.2.2 Canada
9.2.2.1 Increasing Incidence of Various Chronic Diseases Will Drive Market Growth in Canada
9.3 Europe
9.3.1 UK
9.3.1.1 Large Number of Inpatient Surgical Procedures in the UK Driving the Market Growth
9.3.2 Germany
9.3.2.1 Demand for Patient Warming Devices is Increasing in Perioperative Care in Germany
9.3.3 France
9.3.3.1 Strong Healthcare System in France Will Create Growth Opportunities
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 Growing Medical Tourism and Availability of Low-Cost Treatment has Contributed to Market Growth in APAC
9.5 Rest of the World
10 Competitive Landscape (Page No. - 153)
10.1 Overview
10.2 Market Share Analysis
10.3 Competitive Leadership Mapping (2018)
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Situation and Trends
10.4.1 Product Launches
10.4.2 Agreements and Partnerships
10.4.3 Acquisitions
10.4.4 Other Developments
11 Company Profiles (Page No. - 158)
(Overview, Products Offered, Recent Developments, MnM View)*
11.1 3M Company
11.2 Becton, Dickinson and Company
11.3 Drδgerwerk AG & Co. KGaA
11.4 Ecolab
11.5 GE Healthcare
11.6 Gentherm Incorporated
11.7 Geratherm Medical AG
11.8 Inspiration Healthcare Group PLC
11.9 Medtronic PLC
11.10 Smiths Medical
11.11 Stryker Corporation
11.12 The 37company (The Surgical Company)
11.13 Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation)
*Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 184)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (211 Tables)
Table 1 Incidence of Chronic Medical Conditions, 20152020 (Million)
Table 2 Number of Surgical Procedures, 20152020 (Million)
Table 3 Cost Consideration While Using Invasive Cooling
Table 4 Temperature Management Market, By Product, 20172024 (USD Million)
Table 5 Patient Warming Systems Market, By Type , 20172024 (USD Million)
Table 6 Patient Warming Systems Market, By Region, 20172024 (USD Million)
Table 7 North America: Patient Warming Systems Market, By Country, 20172024 (USD Million)
Table 8 Europe: Patient Warming Systems Market, By Country, 20172024 (USD Million)
Table 9 Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 10 Surface Warming Systems Market, By Region, 20172024 (USD Million)
Table 11 North America: Surface Warming Systems Market, By Country, 20172024 (USD Million)
Table 12 Europe: Surface Warming Systems Market, By Country, 20172024 (USD Million)
Table 13 Convective Warming Systems Market, By Region, 20172024 (USD Million)
Table 14 North America: Convective Warming Systems Market, By Country, 20172024 (USD Million)
Table 15 Europe: Convective Warming Systems Market, By Country, 20172024 (USD Million)
Table 16 Conductive Warming Systems Market, By Region, 20172024 (USD Million)
Table 17 North America: Conductive Warming Systems Market, By Country, 20172024 (USD Million)
Table 18 Europe: Conductive Warming Systems Market, By Country/Region, 20172024 (USD Million)
Table 19 Intravascular Warming Systems Market, By Region, 20172024 (USD Million)
Table 20 North America: Intravascular Warming Systems Market, By Country, 20172024 (USD Million)
Table 21 Europe: Intravascular Warming Systems Market, By Country/Region, 20172024 (USD Million)
Table 22 Global Intravascular Patient Warming Procedures, By Region, 20172024 (Number of Procedures in Thousand)
Table 23 Warming Accessories Market, By Region, 20172024 (USD Million)
Table 24 North America: Warming Accessories Market, By Country, 20172024 (USD Million)
Table 25 Europe: Warming Accessories Market, By Country/Region, 20172024 (USD Million)
Table 26 Patient Cooling Systems Market, By Region, 20172024 (USD Million)
Table 27 North America: Patient Cooling Systems Market, By Country, 20172024 (USD Million)
Table 28 Europe: Patient Cooling Systems Market, By Country/Region, 20172024 (USD Million)
Table 29 Patient Cooling Systems Market, By Type , 20172024 (USD Million)
Table 30 Surface Cooling Systems Market, By Region, 20172024 (USD Million)
Table 31 North America: Surface Cooling Systems Market, By Country, 20172024 (USD Million)
Table 32 Europe: Surface Cooling Systems Market, By Country, 20172024 (USD Million)
Table 33 Intravascular Cooling Systems Market, By Region, 20172024 (USD Million)
Table 34 North America: Intravascular Cooling Systems Market, By Country, 20172024 (USD Million)
Table 35 Europe: Intravascular Cooling Systems Market, By Country/Region, 20172024 (USD Million)
Table 36 Global Intravascular Patient Cooling Procedures, By Region, 20172024 (Number of Procedures in Thousand)
Table 37 Intravascular Patient Cooling Procedures Market, By Medical Condition, 20172024 (Number of Procedures in Thousand)
Table 38 Intravascular Patient Cooling Procedures Market, By Application, 20172024 (Number of Procedures in Thousand)
Table 39 Invasive Cooling Procedures for Acute Care Units, By Facility, 20172024 (Number of Procedures in Thousand)
Table 40 Cooling Accessories Market, By Country/Region, 20172024 (USD Million)
Table 41 North America: Cooling Accessories Market, By Country, 20172024 (USD Million)
Table 42 Europe: Cooling Accessories Market, By Country/Region, 20172024 (USD Million)
Table 43 Temperature Management Market, By Application, 20172024 (USD Million)
Table 44 Market for Perioperative Care, By Region, 20172024 (USD Million)
Table 45 North America: Market for Perioperative Care, By Country, 20172024 (USD Million)
Table 46 Europe: Market for Perioperative Care, By Country, 20172024 (USD Million)
Table 47 Market, By Application, 20172024 (USD Million)
Table 48 Market for Operating Rooms, By Region, 20172024 (USD Million)
Table 49 North America: Market for Operating Rooms, By Country, 20172024 (USD Million)
Table 50 Europe: Market for Operating Rooms, By Country, 20172024 (USD Million)
Table 51 Temperature Management Market for Postoperative Care Units, By Region, 20172024 (USD Million)
Table 52 North America: Market for Postoperative Care Units, By Country, 20172024 (USD Million)
Table 53 Europe: Market for Postoperative Care Units, By Country, 20172024 (USD Million)
Table 54 Market for Preoperative Care Units, By Region, 20172024 (USD Million)
Table 55 North America: Market for Preoperative Care Units, By Country, 20172024 (USD Million)
Table 56 Europe: Market for Preoperative Care Units, By Country, 20172024 (USD Million)
Table 57 Market for Acute Care, By Region, 20172024 (USD Million)
Table 58 North America: Market for Acute Care, By Country, 20172024 (USD Million)
Table 59 Europe: Market for Acute Care, By Country, 20172024 (USD Million)
Table 60 Market for Acute Care, By Facility, 20172024 (USD Million)
Table 61 Temperature Management Market for Intensive Care Units, By Region, 20172024 (USD Million)
Table 62 North America: Market for Intensive Care, By Country, 20172024 (USD Million)
Table 63 Europe: Market Intensive Care Units, By Country, 20172024 (USD Million)
Table 64 Market for Emergency Rooms, By Region, 20172024 (USD Million)
Table 65 North America: Market for Emergency Rooms, By Country, 20172024 (USD Million)
Table 66 Europe: Market for Emergency Rooms, By Country, 20172024 (USD Million)
Table 67 Market for Coronary Care Units, By Region, 20172024 (USD Million)
Table 68 North America: Market for Coronary Care Units, By Country, 20172024 (USD Million)
Table 69 Europe: Market for Coronary Care Units, By Country, 20172024 (USD Million)
Table 70 Market for Burn Centers, By Region, 20172024 (USD Million)
Table 71 North America: Temperature Management Market for Burn Centers, By Country, 20172024 (USD Million)
Table 72 Europe: Market for Burn Centers, By Country, 20172024 (USD Million)
Table 73 Market for Neurological Care Units, By Region, 20172024 (USD Million)
Table 74 Market for Cath Labs, By Region, 20172024 (USD Million)
Table 75 North America: Market for Cath Labs, By Country, 20172024 (USD Million)
Table 76 Europe: Market for Cath Labs, By Country, 20172024 (USD Million)
Table 77 Market for Newborn Care, By Region, 20172024 (USD Million)
Table 78 North America: Temperature Management Market for Newborn Care, By Country, 20172024 (USD Million)
Table 79 Europe: Market for Newborn Care, By Country, 20172024 (USD Million)
Table 80 Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 81 Market for Delivery Suites, By Region, 20172024 (USD Million)
Table 82 North America: Market for Delivery Suites, By Country, 20172024 (USD Million)
Table 83 Europe: Market for Delivery Suites, By Country, 20172024 (USD Million)
Table 84 Temperature Management Market for Neonatal Intensive Care Units, By Region, 20172024 (USD Million)
Table 85 North America: Market for Neonatal Intensive Care Units, By Country, 20172024 (USD Million)
Table 86 Europe: Market for Neonatal Intensive Care Units, By Country, 20172024 (USD Million)
Table 87 Market for Postnatal Wards, By Region, 20172024 (USD Million)
Table 88 North America: Market for Postnatal Wards, By Country, 20172024 (USD Million)
Table 89 Europe: Temperature Management Market for Postnatal Wards, By Country, 20172024 (USD Million)
Table 90 Market for Other Applications, By Region, 20172024 (USD Million)
Table 91 North America: Market for Other Applications, By Country, 20172024 (USD Million)
Table 92 Europe: Temperature Management Market for Other Applications, By Country, 20172024 (USD Million)
Table 93 Market, By Medical Specialty, 20172024 (USD Million)
Table 94 Market for General Surgery, By Region, 20172024 (USD Million)
Table 95 North America: Market for General Surgery, By Country, 20172024 (USD Million)
Table 96 Europe: Temperature Management Market for General Surgery, By Country, 20172024 (USD Million)
Table 97 Market for Cardiology, By Region, 20172024 (USD Million)
Table 98 North America: Market for Cardiology, By Country, 20172024 (USD Million)
Table 99 Europe: Market for Cardiology, By Country, 20172024 (USD Million)
Table 100 Market for Neurology, By Region, 20172024 (USD Million)
Table 101 North America: Temperature Management Market for Neurology, By Country, 20172024 (USD Million)
Table 102 Europe: Market for Neurology, By Country, 20172024 (USD Million)
Table 103 Market for Pediatrics, By Region, 20172024 (USD Million)
Table 104 North America: Market for Pediatrics, By Country, 20172024 (USD Million)
Table 105 Europe: Market for Pediatrics, By Country, 20172024 (USD Million)
Table 106 Market for Thoracic Surgery, By Region, 20172024 (USD Million)
Table 107 North America: Temperature Management Market for Thoracic Surgery, By Country, 20172024 (USD Million)
Table 108 Europe: Market for Thoracic Surgery, By Country, 20172024 (USD Million)
Table 109 Temperature Management Market for Orthopedic Surgery, By Region, 20172024 (USD Million)
Table 110 North America: Market for Orthopedic Surgery, By Country, 20172024 (USD Million)
Table 111 Europe: Market for Orthopedic Surgery, By Country, 20172024 (USD Million)
Table 112 Market for Other Medical Specialties, By Region, 20172024 (USD Million)
Table 113 North America: Market for Other Medical Specialties, By Country, 20172024 (USD Million)
Table 114 Europe: Temperature Management Market for Other Medical Specialties, By Country, 20172024 (USD Million)
Table 115 Market, By Region, 20172024 (USD Million)
Table 116 North America: Market, By Country, 20172024 (USD Million)
Table 117 North America: Market, By Product, 20172024 (USD Million)
Table 118 North America: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 119 North America: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 120 North America: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 121 North America: Market, By Application, 20172024 (USD Million)
Table 122 North America: Temperature Management Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 123 North America: Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 124 North America: Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 125 North America: Market, By Medical Specialty, 20172024 (USD Million)
Table 126 US: Temperature Management Market, By Product, 20172024 (USD Million)
Table 127 US: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 128 US: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 129 US: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 130 US: Market, By Application, 20172024 (USD Million)
Table 131 US: Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 132 US: Temperature Management Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 133 US: Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 134 US: Temperature Management Market, By Medical Specialty, 20172024 (USD Million)
Table 135 Canada: Market, By Product, 20172024 (USD Million)
Table 136 Canada: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 137 Canada: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 138 Canada: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 139 Canada: Temperature Management Market, By Application, 20172024 (USD Million)
Table 140 Canada: Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 141 Canada: Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 142 Canada: Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 143 Canada: Temperature Management Market, By Medical Specialty, 20172024 (USD Million)
Table 144 Europe: Market, By Country/Region, 20172024 (USD Million)
Table 145 Europe: Market, By Product, 20172024 (USD Million)
Table 146 Europe: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 147 Europe: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 148 Europe: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 149 Europe: Temperature Management Market, By Application, 20172024 (USD Million)
Table 150 Europe: Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 151 Europe: Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 152 Europe: Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 153 Europe: Market, By Medical Specialty, 20172024 (USD Million)
Table 154 UK: Temperature Management Market, By Product, 20172024 (USD Million)
Table 155 UK: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 156 UK: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 157 UK: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 158 UK: Temperature Management Market, By Application, 20172024 (USD Million)
Table 159 UK: Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 160 UK: Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 161 UK: Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 162 UK: Market, By Medical Specialty, 20172024 (USD Million)
Table 163 Germany: Temperature Management Market, By Product, 20172024 (USD Million)
Table 164 Germany: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 165 Germany: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 166 Germany: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 167 Germany: Market, By Application, 20172024 (USD Million)
Table 168 Germany: Temperature Management Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 169 Germany: Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 170 Germany: Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 171 Germany: Temperature Management Market, By Medical Specialty, 20172024 (USD Million)
Table 172 France: Market, By Product, 20172024 (USD Million)
Table 173 France: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 174 France: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 175 France: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 176 France: Temperature Management Market, By Application, 20172024 (USD Million)
Table 177 France: Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 178 France: Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 179 France: Temperature Management Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 180 France: Market, By Medical Specialty, 20172024 (USD Million)
Table 181 RoE: Market, By Product, 20172024 (USD Million)
Table 182 RoE: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 183 RoE: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 184 RoE: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 185 RoE: Temperature Management Market, By Application, 20172024 (USD Million)
Table 186 RoE: Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 187 RoE: Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 188 RoE: Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 189 RoE: Market, By Medical Specialty, 20172024 (USD Million)
Table 190 Asia Pacific: Temperature Management Market, By Product, 20172024 (USD Million)
Table 191 Asia Pacific: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 192 Asia Pacific: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 193 Asia Pacific: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 194 Asia Pacific: Temperature Management Market, By Application, 20172024 (USD Million)
Table 195 Asia Pacific: Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 196 Asia Pacific: Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 197 Asia Pacific: Temperature Management Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 198 Asia Pacific: Market, By Medical Specialty, 20172024 (USD Million)
Table 199 RoW: Temperature Management Market, By Product, 20172024 (USD Million)
Table 200 RoW: Patient Warming Systems Market, By Type, 20172024 (USD Million)
Table 201 RoW: Surface Warming Systems Market, By Type, 20172024 (USD Million)
Table 202 RoW: Patient Cooling Systems Market, By Type, 20172024 (USD Million)
Table 203 RoW: Market, By Application, 20172024 (USD Million)
Table 204 RoW: Market for Perioperative Care, By Facility, 20172024 (USD Million)
Table 205 RoW: Temperature Management Market for Acute Care/Critical Care, By Facility, 20172024 (USD Million)
Table 206 RoW: Market for Newborn Care, By Facility, 20172024 (USD Million)
Table 207 RoW: Temperature Management Market, By Medical Specialty, 20172024 (USD Million)
Table 208 Product Launches, 20162019
Table 209 Agreements and Partnerships, 20162019
Table 210 Acquisitions, 20162019
Table 211 Other Developments, 20162019
List of Figures (33 Figures)
Figure 1 Research Design
Figure 2 Primary Sources
Figure 3 Research Methodology: Bottom-Up Approach & Top-Down Approach
Figure 4 Research MethodologyIntravascular Temperature Management Market (Number of Procedures)
Figure 5 Data Triangulation Methodology
Figure 6 Temperature Management Market Share, By Product, 2018
Figure 7 Market, By Application, 2018
Figure 8 Market, By Medical Specialty, 20192024
Figure 9 Geographical Snapshot of the Temperature Management Market
Figure 10 Increasing Global Incidence of Chronic Conditions and the Subsequent Increase in the Number of Surgical Procedures to Drive the Growth of This Market
Figure 11 Surface Warming Systems Dominated the Temperature Management Products Market in 2018
Figure 12 The US Dominated the North American Temperature Management Products Market in 2018
Figure 13 France to Register the Highest Growth Rate During the Forecast Period
Figure 14 Temperature Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Technological Advancements in Intravascular Warming Devices
Figure 16 Chronology of Invasive Cooling Systems Evolution
Figure 17 Market: Geographic Growth Opportunities
Figure 18 North America: Temperature Management Market Snapshot
Figure 19 Asia Pacific: agement Market Snapshot
Figure 20 Market: Market Players Ranking (2018)
Figure 21 Temperature Management Market (Global), Competitive Leadership Mapping, 2018
Figure 22 3M Company: Company Snapshot (2018)
Figure 23 Becton, Dickinson and Company: Company Snapshot (2018)
Figure 24 Drδgerwerk AG & Co. KGaA: Company Snapshot (2018)
Figure 25 Ecolab: Company Snapshot (2018)
Figure 26 GE Healthcare: Company Snapshot (2018)
Figure 27 Gentherm Incorporated: Company Snapshot (2018)
Figure 28 Geratherm Medical AG: Company Snapshot (2018)
Figure 29 Inspiration Healthcare Group PLC: Company Snapshot (2018)
Figure 30 Medtronic PLC: Company Snapshot (2018)
Figure 31 Smiths Medical: Company Snapshot (2018)
Figure 32 Stryker Corporation: Company Snapshot (2018)
Figure 33 Asahi Kasei Corporation: Company Snapshot (2018)
The study involved four major activities in estimating the current market size for the temperature management market. Exhaustive research was conducted to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various sources such as D&B Hoovers, Bloomberg Businessweek, and Forbes were referred to identify and collect information useful for the technical, market-oriented, and commercial study of the temperature management market. These secondary sources include the World Health Organization (WHO), Organisation for Economic Co-operation and Development (OECD), Centers for Disease Control and Prevention (CDC), Food and Drug Administration (FDA), European Medicines Agency (EMA), National Health Service (NHS), American Nurses Association (ANA), American Society of Anesthesiologists (ASA), American Society for Aesthetic Plastic Surgery (ASAPS), Association of Plastic and Reconstructive Surgeons of Southern Africa (APRSSA), German Society for Thoracic and Cardiovascular Surgery (GSTCVS), International Society of Aesthetic Plastic Surgery (ISAPS), annual reports, press releases, and investor presentations of companies, to obtain vital information about the industrys supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The market comprises several stakeholders, such as raw material suppliers, manufacturers of various temperature management equipment, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the temperature management market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the profile breakup of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the temperature management market and to estimate the size of various other dependent submarkets in the overall market. The multiple approaches considered to estimate the global market size of the market have been mentioned below.
- Approach 1: Company Share Analysis
- The key players in the market were identified. The temperature management product portfolios were studied for each player. Temperature management products were mapped and categorized based on different product segments.
- Segmental revenues were extracted for each key player from sources such as annual reports, investor presentations, SEC filings, and company websites.
- The value of the market was identified by combining the segmental revenue of key players. Based on the primary insights, the combined market share of the top 5 companies was assumed in the overall temperature management market in 2018. This data was extrapolated to arrive at the total market.
- Approach 2: MNM KNOW
- MnM KNOW stands for MarketsandMarkets 'Knowledge Asset Management' framework. In this context, it stands for the existing market research knowledge repository that acts as an independent source that helps us validate information gathered from primary and secondary sources.
- In this report, the reference was taken from the Market Forecast to 2022 and Intravascular Temperature Management Market - Global Forecasts to 2022.
- The global and regional market value of the temperature management and dependent submarkets has been extracted from the MNM repository and validated through secondary and primary research.
- Approach 3: Product Segment Analysis
- The market size of one of the product segments in the market was derived through secondary research.
- Based on primary insights, the market share of that product segment in the global market was evaluated and added up to reach the global market value.
- This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives.
- The final global market size was triangulated through the average of all approaches and validated through primary interviews with industry experts.
The bottom-up approach has been applied to different regions and other segments of the temperature management market. All percentage shares, splits, and breakdowns have been determined by using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes explained abovethe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of the market.
Report Objectives
- To define, describe, segment, and forecast the temperature management market, by product, application, medical specialty, and region
- To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of market segments in Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW)
- To profile key players and comprehensively analyze their core competencies in terms of key developments, product portfolios, and financials
- To track and analyze competitive developments such as acquisitions, partnerships, collaborations, product launches & product upgrades, and expansions in the market
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Temperature Management Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Temperature Management Market