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Global Temperature Management Systems Market to reach USD XX billion by the end of 2030.

Global Temperature Management Systems Market Size study & Forecast, by Product (Patient Warming Systems, Surface Warming Systems, Connective Warming Systems, Others), by Application (Perioperative Care, Operating Rooms, Postoperative Care Units, Others), by Medical Specialty (General Surgery, Cardiology, Neurology, Other Medical Specialties) and Regional Analysis, 2023-2030

Product Code: OIRIME-25636647
Publish Date: 10-01-2024
Page: 200

Global Temperature Management Systems Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Temperature management systems are medical devices designed to control and regulate a patient’s body temperature. These systems play a crucial role in various medical applications, especially in critical care and surgical settings. The key factors driving the market growth are the rising prevalence of chronic and infectious diseases, the growing number of surgical procedures, and the increasing number of hypothermia cases that are anticipated to support the market growth during the forecast period 2023-2030.

Additionally, the rising prevalence of chronic diseases has significantly contributed to the growth of the Temperature Management Systems Market. Patients with chronic diseases often require surgical interventions. Temperature management systems play a crucial role in the postoperative care of these individuals, helping to manage their body temperature and optimize recovery outcomes. Thus, the rising prevalence of chronic diseases is anticipated to support market growth. According to WHO, in 2020 the number of new pancreas cancer cases in Australia was 3.99 thousand and it is anticipated to reach 4.54 thousand by 2025. Moreover, the increasing development of healthcare infrastructure, and the growing number of contracts and agreements between market players are anticipated to create lucrative opportunities for the market over forecast period. However, the high cost of intravascular temperature management systems stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Temperature Management Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing incidence of various chronic diseases, rising healthcare expenditure, increasing incidence of chronic diseases, and rising number of surgical procedures, including complex surgeries, which can drive the demand for temperature management systems in operating rooms to ensure patient safety. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the growing aging population, increasing healthcare investments, and expansion of the pharmaceutical industry.

Major market player included in this report are:
3M Company
GE Healthcare
Drägerwerk AG & CO. KGAA
Ecolab
Asahi Kasei Corporation
Becton, Dickinson and Company
ICU Medical, Inc.
Gentherm Incorporated
Inspiration Healthcare Group Plc
Medtronic Plc

Recent Developments in the Market:
Ø In July 2022, Gentherm completed the acquisition of Jiangmen Dacheng Medical Equipment Co., Ltd, a leading producer specializing in medical materials and equipment. This includes innovative solutions for patient temperature management.

Global Temperature Management Systems Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, Medical Specialty, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Patient Warming Systems
Surface Warming Systems
Connective Warming Systems
Conductive warming systems
Intravascular Warming Systems
Patient Cooling Systems
Surface Cooling Systems
Intravascular Cooling Systems
Accessories for Patient Warming & Cooling Systems

By Application:
Perioperative Care
Operating Rooms
Postoperative Care Units
Preoperative Care Units
Acute Care
Intensive Care Units
Emergency Rooms
Coronary Care Units
Others

By Medical Specialty:
General Surgery
Cardiology
Neurology
Pediatrics
Thoracic Surgery
Orthopedic Surgery
Other Medical Specialties

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Temperature Management Systems Market, by Region, 2020-2030 (USD Billion)
1.2.2. Temperature Management Systems Market, by Product, 2020-2030 (USD Billion)
1.2.3. Temperature Management Systems Market, by Application, 2020-2030 (USD Billion)
1.2.4. Temperature Management Systems Market, by Medical Specialty, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Temperature Management Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Temperature Management Systems Market Dynamics
3.1. Temperature Management Systems Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising prevalence of chronic and infectious diseases
3.1.1.2. Growing number of surgical procedures
3.1.1.3. Increasing number of hypothermia cases
3.1.2. Market Challenges
3.1.2.1. High cost of intravascular temperature management systems
3.1.3. Market Opportunities
3.1.3.1. Increasing development of healthcare infrastructure
3.1.3.2. Growing number of contracts and agreements between market players
Chapter 4. Global Temperature Management Systems Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Temperature Management Systems Market, by Product
5.1. Market Snapshot
5.2. Global Temperature Management Systems Market by Product, Performance – Potential Analysis
5.3. Global Temperature Management Systems Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Temperature Management Systems Market, Sub Segment Analysis
5.4.1. Patient Warming Systems
5.4.2. Surface Warming Systems
5.4.3. Connective Warming Systems
5.4.4. Conductive warming systems
5.4.5. Intravascular Warming Systems
5.4.6. Patient Cooling Systems
5.4.7. Surface Cooling Systems
5.4.8. Intravascular Cooling Systems
5.4.9. Accessories for Patient Warming & Cooling Systems
Chapter 6. Global Temperature Management Systems Market, by Application
6.1. Market Snapshot
6.2. Global Temperature Management Systems Market by Application, Performance – Potential Analysis
6.3. Global Temperature Management Systems Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Temperature Management Systems Market, Sub Segment Analysis
6.4.1. Perioperative Care
6.4.2. Operating Rooms
6.4.3. Postoperative Care Units
6.4.4. Preoperative Care Units
6.4.5. Acute Care
6.4.6. Intensive Care Units
6.4.7. Emergency Rooms
6.4.8. Coronary Care Units
6.4.9. Others
Chapter 7. Global Temperature Management Systems Market, by Medical Specialty
7.1. Market Snapshot
7.2. Global Temperature Management Systems Market by Medical Specialty, Performance – Potential Analysis
7.3. Global Temperature Management Systems Market Estimates & Forecasts by Medical Specialty 2020-2030 (USD Billion)
7.4. Temperature Management Systems Market, Sub Segment Analysis
7.4.1. General Surgery
7.4.2. Cardiology
7.4.3. Neurology
7.4.4. Pediatrics
7.4.5. Thoracic Surgery
7.4.6. Orthopedic Surgery
7.4.7. Other Medical Specialties
Chapter 8. Global Temperature Management Systems Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Temperature Management Systems Market, Regional Market Snapshot
8.4. North America Temperature Management Systems Market
8.4.1. U.S. Temperature Management Systems Market
8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
8.4.1.3. Medical Specialty breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Temperature Management Systems Market
8.5. Europe Temperature Management Systems Market Snapshot
8.5.1. U.K. Temperature Management Systems Market
8.5.2. Germany Temperature Management Systems Market
8.5.3. France Temperature Management Systems Market
8.5.4. Spain Temperature Management Systems Market
8.5.5. Italy Temperature Management Systems Market
8.5.6. Rest of Europe Temperature Management Systems Market
8.6. Asia-Pacific Temperature Management Systems Market Snapshot
8.6.1. China Temperature Management Systems Market
8.6.2. India Temperature Management Systems Market
8.6.3. Japan Temperature Management Systems Market
8.6.4. Australia Temperature Management Systems Market
8.6.5. South Korea Temperature Management Systems Market
8.6.6. Rest of Asia Pacific Temperature Management Systems Market
8.7. Latin America Temperature Management Systems Market Snapshot
8.7.1. Brazil Temperature Management Systems Market
8.7.2. Mexico Temperature Management Systems Market
8.8. Middle East & Africa Temperature Management Systems Market
8.8.1. Saudi Arabia Temperature Management Systems Market
8.8.2. South Africa Temperature Management Systems Market
8.8.3. Rest of Middle East & Africa Temperature Management Systems Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. 3M Company
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. GE Healthcare
9.3.3. Drägerwerk AG & CO. KGAA
9.3.4. Ecolab
9.3.5. Asahi Kasei Corporation
9.3.6. Becton, Dickinson and Company
9.3.7. ICU Medical, Inc.
9.3.8. Gentherm Incorporated
9.3.9. Inspiration Healthcare Group Plc
9.3.10. Medtronic Plc
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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