Temperature Management Market

Market Leader - Temperature Management Market

The global temperature management market is projected to reach USD 2.72 Billion by 2022 from USD 2.40 Billion in 2017, at a CAGR of 2.5%. The temperature management market is a consolidated market with a large number of companies offering temperature management devices and accessories. In 2016, 3M Company (U.S.), Smiths Medical (U.K.), and Medtronic plc (Ireland) dominated the temperature management market and accounted for approximately 70% of the temperature management market.

3M Company (U.S.) dominated the global temperature management market in 2016. The company offers a comprehensive range of medical & surgical supplies, skin health & infection prevention products, drug delivery systems, dental & orthodontic products, health information systems, and food safety products under its healthcare segment. It offers temperature management solutions through its infection prevention products segment, and the solutions are designed to prevent hypothermia in surgical settings. The company addresses the needs of adult and childcare in operating rooms, emergency rooms, ICUs, and other hospital areas. It operates in the U.S., Asia-Pacific, Europe, the Middle East & Africa, Latin America, and Canada. The company focuses on strategies such as product launches and agreements. In 2016, 3M entered an agreement with VitaHEAT Medical, LLC (U.S.) according to which 3M became the exclusive distributor of the VitaHEAT UB3 patient warming system in the U.S.

Smiths Medical (U.S.) held the second position in the global temperature management market in 2016. The company offers temperature management solutions through its vital care division. The company’s temperature management systems are used in perioperative and critical care settings, which aid in the monitoring and regulation of patient temperature through rapid infusion, routine blood and fluid warming, irrigation warming, and convective warming. Approximately, 75% of the company’s end users are hospitals, and 25% comprise alternate care & OEM partners. The company has a direct sales presence in over 20 countries and distribution networks in approximately 100 countries. The company focuses on product launches and agreements. In 2015, Smiths Medical (U.S.) launched its convective warming blankets-The Snuggle’ warm poncho blanket, thus increasing its product portfolio.

Some of the other players competing in this market are C.R. Bard Inc. (U.S.), Cincinnati Sub-Zero Products, Inc. (U.S.), Geratherm Medical AG (Germany), Inspiration Healthcare Group plc, (U.K.), Stryker Corporation (U.S.), The 37Company (Netherlands), ZOLL Medical Corporation (U.S.), GE Healthcare (U.S.), Becton, Dickinson and Company (U.S.), DRÄGERWERK AG & CO. KGAA (Germany), and Ecolab (U.S.)

Related Reports:

Temperature Management Market by Product (Surface & Intravascular Systems - Warming & Cooling), Application (Acute & Perioperative Care), End User (Surgeon & Anesthesiologist), Medical Specialties (Pediatric, Orthopedic, Neurology) - Forecast to 2022

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Report Code
MD 2746
Published ON
Jul, 2017
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