The global temperature management market size was estimated to be USD 2.85 billion in 2023 and is expected to reach at USD 4.6 billion by 2033 with a CAGR of 4.37% during the forecast period 2023-2033. Rising number of surgical procedures being performed as healthcare systems continue to advance and the population ages. The rise in surgical procedures is partly a result of improvements in medical technology and methods, as many procedures are now less invasive and more precise. In addition, there is an increasing demand for cosmetic procedures including facelifts, liposuction, and breast augmentation all of which add to the overall rise in surgical procedures. Moreover, rising surgical procedure accessibility has increased the number of people who can pay and access the operation. The overall rise of surgical procedures conducted around the world has been influenced by a number of factors.
The expansion of the market is also being boosted by the growing number of surgical procedures. For instance, the Department of Health & Family Welfare and Ministry of Health & Family Welfare produced a report in 2021-2022 that states that up to September 2021, around 8.29 lakh patients visited OPDs, and approximately 33,830 procedures were carried out at Safdarjung Hospital in India. The same source also stated that during the years 2020-21, India performed approximately 25,101 minor procedures and approximately 9,327 major surgeries.
By product, conductive cooling systems was the highest revenue-grossing segment in the global temperature management market in 2022 owing to rising technological advancements and growing launch of advanced products. For instance, In August 2022, The SafeGuard Focus Cool Compression Device from Merit Medical Systems is a new product in the SafeGuard platform. This innovative product is designed to provide compression for closed surgical sites, aiding hemostasis in patients with pacemakers and Implantable Cardioverter Defibrillator (ICD) pockets. Additionally, Surface warming system is predicted to grow at fastest CAGR during the forecast period owing to the increase in adoption of surface warming systems in surgical procedures such as gynaecology, orthopaedic surgeries, gastrointestinal procedures, and obstetrics procedures.
By medical specialty, general surgery was the highest revenue-grossing segment in the global temperature management market in 2022 owing to rising demand of warming blanket or another warming device, increasing number of cardiac and gynaecology surgeries. Additionally, Cardiology is predicted to grow at fastest CAGR during the forecast period owing to the growing prevalence of cardiovascular diseases and rising initiatives by market players such as mergers & acquisitions. For instance, in January 2022, Medtronic plc has recently made a definitive agreement to acquire Affera, Inc. The company specializes in the development and production of cardiac mapping and navigation systems as well as catheter-based cardiac ablation technologies. Affera's offerings include a unique focal pulsed field ablation solution that is utilized in the treatment of patients experiencing cardiac arrhythmias like atrial fibrillation (AF).
By application, acute care was the highest revenue-grossing segment in the global temperature management market in 2022 owing to surge in number of ICU admissions, rising severity of illness, and increasing surgical procedures. Additionally, Operative Rooms is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of surgeries and growing demand of advanced products, and increasing launch of new products by the key market players. For instance, in April 2021, MEQU, a Danish medtech company, has introduced an in-hospital solution called M Station for its blood and IV fluid warming device known as the M Warmer System. The M Warmer System, which is currently utilized in pre-hospital and military settings, is a portable device designed to warm blood and IV fluids.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising geriatric population, surge in number of surgical procedures, increasing incidence of cardiac arrest & neurological disorders, growing launch of technologically advanced products, and rising innovative product approvals. For instance, in October 2020, Gentherm has obtained 510(k) clearance from the U.S. FDA and has introduced the ASTOPAD Patient Warming System in the United States. The ASTOPAD system is suitable for use in various surgical procedures and effectively prevents and treats hypothermia in patients during the perioperative process. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising demand for aesthetic and medical surgeries, growing incidence of cardiac arrest & CNS disorder, increasing government initiatives, improving healthcare infrastructure, and rising initiatives by key market players. For instance, in 2021, ZOLL Medical Corporation and Global Healthcare SG have entered into an exclusive agreement for the distribution of a portable targeted temperature management system in the Asia Pacific region.
The expansion of the market is also being boosted by the growing number of surgical procedures. For instance, the Department of Health & Family Welfare and Ministry of Health & Family Welfare produced a report in 2021-2022 that states that up to September 2021, around 8.29 lakh patients visited OPDs, and approximately 33,830 procedures were carried out at Safdarjung Hospital in India. The same source also stated that during the years 2020-21, India performed approximately 25,101 minor procedures and approximately 9,327 major surgeries.
By product, conductive cooling systems was the highest revenue-grossing segment in the global temperature management market in 2022 owing to rising technological advancements and growing launch of advanced products. For instance, In August 2022, The SafeGuard Focus Cool Compression Device from Merit Medical Systems is a new product in the SafeGuard platform. This innovative product is designed to provide compression for closed surgical sites, aiding hemostasis in patients with pacemakers and Implantable Cardioverter Defibrillator (ICD) pockets. Additionally, Surface warming system is predicted to grow at fastest CAGR during the forecast period owing to the increase in adoption of surface warming systems in surgical procedures such as gynaecology, orthopaedic surgeries, gastrointestinal procedures, and obstetrics procedures.
By medical specialty, general surgery was the highest revenue-grossing segment in the global temperature management market in 2022 owing to rising demand of warming blanket or another warming device, increasing number of cardiac and gynaecology surgeries. Additionally, Cardiology is predicted to grow at fastest CAGR during the forecast period owing to the growing prevalence of cardiovascular diseases and rising initiatives by market players such as mergers & acquisitions. For instance, in January 2022, Medtronic plc has recently made a definitive agreement to acquire Affera, Inc. The company specializes in the development and production of cardiac mapping and navigation systems as well as catheter-based cardiac ablation technologies. Affera's offerings include a unique focal pulsed field ablation solution that is utilized in the treatment of patients experiencing cardiac arrhythmias like atrial fibrillation (AF).
By application, acute care was the highest revenue-grossing segment in the global temperature management market in 2022 owing to surge in number of ICU admissions, rising severity of illness, and increasing surgical procedures. Additionally, Operative Rooms is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of surgeries and growing demand of advanced products, and increasing launch of new products by the key market players. For instance, in April 2021, MEQU, a Danish medtech company, has introduced an in-hospital solution called M Station for its blood and IV fluid warming device known as the M Warmer System. The M Warmer System, which is currently utilized in pre-hospital and military settings, is a portable device designed to warm blood and IV fluids.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising geriatric population, surge in number of surgical procedures, increasing incidence of cardiac arrest & neurological disorders, growing launch of technologically advanced products, and rising innovative product approvals. For instance, in October 2020, Gentherm has obtained 510(k) clearance from the U.S. FDA and has introduced the ASTOPAD Patient Warming System in the United States. The ASTOPAD system is suitable for use in various surgical procedures and effectively prevents and treats hypothermia in patients during the perioperative process. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising demand for aesthetic and medical surgeries, growing incidence of cardiac arrest & CNS disorder, increasing government initiatives, improving healthcare infrastructure, and rising initiatives by key market players. For instance, in 2021, ZOLL Medical Corporation and Global Healthcare SG have entered into an exclusive agreement for the distribution of a portable targeted temperature management system in the Asia Pacific region.
Segmentation: Temperature Management Market Report 2022-2033
Temperature Management Market Analysis & Forecast By Product 2022-2033 (Revenue USD Bn)
- Surface Warming Systems
- Patient Warming Systems
- Conductive Warming Systems
- Warming Accessories
- Intravascular Warming Systems
- Connective Warming Systems
- Surface Cooling Systems
- Patient Cooling Systems
- Conductive Cooling Systems
- Intravascular Cooling Systems
- Connective Cooling Systems
Temperature Management Market Analysis & Forecast By Medical Specialty 2022-2033 (Revenue USD Bn)
- Cardiology
- General Surgery
- Pediatrics
- Orthopedic Surgery
- Thoracic Surgery
- Neurology
Temperature Management Market Analysis & Forecast By Application 2022-2033 (Revenue USD Bn)
- Operative Rooms
- Perioperative Care
- Acute Care
- Preoperative Care Units
- Postoperative Care Units
- Intensive Care Units
- Coronary Care Units
- Emergency Rooms
- Burn Centres
- Cath Labs
- Delivery Suites
- Postnatal Wards
- Neonatal Intensive Care Units
- Neurological Care Units
- Newborn Care
Temperature Management Market Analysis & Forecast by Region 2022-2033 (Revenue USD Bn)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Method
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Temperature Management Market: Product Estimates & Trend Analysis
8. Temperature Management Market: Medical Specialty Estimates & Trend Analysis
9. Temperature Management Market: Application Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Temperature Management Market
12. Europe Global Temperature Management Market
13. Asia Pacific Global Temperature Management Market
14. Latin America Global Temperature Management Market
15. MEA Global Temperature Management Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Becton
- Dickinson and Company (BD)
- 3M Company
- Inspiration Healthcare Group PLC
- Stryker Corporation
- Gentherm Incorporated
- Geratherm Medical AG
- Smiths Medical
- The Surgical Company
- Medtronic PLC
- Zoll Medical Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | July 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 2.85 Billion |
| Forecasted Market Value ( USD | $ 4.6 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
