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3. 3M Company (US) and GE Healthcare (US) are Leading Players in the Temperature Management Systems Market

The temperature management systems market is projected to reach USD 3.3 billion by 2026 from USD 2.7 billion in 2021, at a CAGR of 3.6% during the forecast period. Temperature management is the process of regulating a patient’s body temperature during a specific medical/surgical condition. There are two main types of temperature management systems— warming and cooling—that are used to maintain and regulate a patient’s normal body temperature. The growth in this market is driven by the increasing global incidence of chronic conditions and the subsequent increase in the number of surgical procedures.

The major players operating in this market are 3M Company (US), Medtronic (Ireland), Smiths Medical (US), Stryker (US), ZOLL Medical (a subsidiary of Asahi Kasei) (Japan), Gentherm (US), Becton, Dickinson and Company (US), Drägerwerk (Germany), Ecolab (US), GE Healthcare (US), Geratherm Medical (Germany).

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3M (US)

3M Company holds one of the top positions in the temperature management market. The company provides an extensive range of temperature management products, such as warming blankets, warming systems, warming gowns, and non-invasive temperature management systems. For more than 20 years, 3M’s patient warming systems have been effectively used by more than 200 million patients. 3M’s patient warming systems have been researched extensively, and its clinical benefits, efficacy, and safety are documented in more than 170 studies and more than 60 randomized controlled clinical trials.

GE Healthcare (US)

GE Healthcare (US) held the second position in the global temperature management systems market, with a share of around 12.3% in 2020. The company operates in the temperature management market through its Healthcare Systems division. Its temperature management products mainly comprise incubators and infant warmers.

Dragerwerk AG & Co. KGAA (Germany)

Dragerwerk AG & Co. KGAA (Germany) held the third position in the temperature management systems market, with a share of 10.5% in 2020. The company has a strong product portfolio in the temperature management systems market, especially for patients monitoring systems, infant warming system. In addition, it has a strong geographic presence across the globe and invests a significant amount of its revenue on R&D. In FY 2020, Drägerwerk invested about USD 8.5% of its total revenue

ZOLL Medical (Japan)

ZOLL Medical holds one of the top positions in the temperature management market. The company operates in the fastest-growing segment of the market—intravascular temperature management. ZOLL’s intravascular Thermogard XP Temperature Management System controls the temperature of the saline circulating through the catheter balloons via remote sensing of the patient’s temperature. It offers superior clinical efficiency in maintaining target temperature with a reduction of nursing workload by 74%. Currently, ZOLL Medical is focusing on the advanced clinical development of the Thermogard System intravascular temperature management system in the area of acute myocardial infarction.

Related Reports:

Temperature Management Systems Market by Product (Warming Systems (Surface Warming), Cooling Systems), Application(Perioperative Care, Acute Care, Newborn Care), Medical Speciality(Cardiology, Neurology, Paediatrics, Orthopaedic) - Global Forecast to 2026

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