General Surgery Segment generates 32.10% of Global Patient Temperature Management Market Revenue

 Temperature is one of the vital signs that indicate a person's health. According to the medical organization, it is monitored and managed as part of standard care therapy for patients undergoing surgery due to severe disease. All use patient temperature control systems, preoperative warming, operating and surgery rooms, postoperative warming, critical care and intensive care units, chemotherapy, and emergency medical services. Increased product approvals and market participant strategies are significant factors driving market expansion.

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Data Bridge Market Research analyses that the patient temperature management market is expected to grow at a CAGR of 10.2% in the forecast period of 2022 to 2029 and is expected to reach USD 6,046.97 million by 2029. The growing demand for patient temperature management market has been fueled by the rising prevalence of cardiovascular diseases and cancer. During the forecast period, the increasing number of contracts and agreements between market players is likely to provide a diverse variety of growth prospects for market players.

Rising number of surgical procedures is expected to drive the market's growth rate during the forecast period

Surgical procedures are conducted in large numbers all throughout the world. According to the Texas Heart Institute, about 500,000 coronary bypass surgeries are conducted annually. When patients receive local or general anesthetic before any surgical treatment, their body temperature drops. Warming systems are required in these settings to prevent worsening intraoperative hypothermia. Adoption of these systems also helps to reduce pre and post-surgical problems and the related discomfort for the patient. Hence, an increasing number of surgical procedures is estimated to enhance the market's growth rate.

Report Scope and Market Segmentation

Segment Analysis:

The Patient temperature management market is segmented on the basis of product, components, application, medical speciality and end user.

• On the basis of product type, the global patient temperature management market is segmented into patient warming system and patient cooling system. In 2022, the patient warming system segment is expected to dominate the global patient temperature management market with 73.5% market share due to the multiple benefits, including its low cost, effectiveness, and safety.

In 2022, the patient warming system segment of product type segment is anticipated to dominate the patient temperature management market

In 2022, this market's patient warming system segment will dominate the patient temperature management market due to the multiple benefits, including its low cost, effectiveness, and safety. The patient warming system segment is expected reach the highest CAGR of 9.8% in the forecast period of 2022-2029.

• On the basis of components, the global patient temperature management market is segmented into warming and cooling. In 2022, the warming segment in the global patient temperature management market is expected to dominate the global patient temperature management market with 77.4% market share due to increasing surgical procedures in the geriatric population and the incidence of chronic diseases.

In 2022, the warming segment is projected to hold the largest share of components segment in the patient temperature management market

In 2022, the warming segment is anticipated to hold the largest share of the global patient temperature management market due to increasing surgical procedures in the geriatric population and chronic diseases. The warming segment is growing with a CAGR of 9.8% in the forecast period of 2022 to 2029.

• On the basis of application, the global patient temperature management market is segmented into operating room, preoperative care, postoperative care, acute care, intensive care unit, emergency rooms, neonatal intensive care units and other applications. In 2022, operating room segment is expected to dominate the global patient temperature management market with 21.5% market share due to the multiple benefits, including its low cost, effectiveness and safety.
• On the basis of medical specialty, the global patient temperature management market, is segmented into general surgery, cardiology, neurology, pediatrics, thoracic surgery, orthopedic surgery and other medical specialties. In 2022, the general surgery segment is expected to dominate the global patient temperature management market with 32.1% market share due to growing prevalence of life-threatening diseases and increasing surgical procedures in geriatric population.
• On the basis of end user, the global patient temperature management market is segmented into ambulatory surgical centers, hospitals, specialized clinics and others. In 2022, ambulatory surgical centers are expected to dominate the global patient temperature management market with 57.7% market share. They have modern facilities and less waiting time for treatment with the upsurge in the patient population globally.

Major Players

Data Bridge Market Research recognizes the following companies as the major Patient temperature management market players in Patient temperature management market are Stryker (U.S.), Medtronic (Ireland), 3M (U.S.), BD (U.S.), ICU Medical, Inc. (U.S.), Ecolab (U.S.), ZOLL Medical Corporation (U.S.), Terumo Corporation (Japan), Belmont Medical Technologies (U.S.),GENTHERM (U.S.),VYAIRE MEDICAL, INC. (U.S.), The Surgical Company PTM (Netherlands).

Market Development  

• In June 2021, ZOLL and Global Healthcare SG announced the collaboration of their exclusive distribution agreement for the distribution of portable targeted temperature management system in Asia-Pacific. ZOLL has exclusive rights to distribute the CarbonCool Full Body Suit and Comfort Suit in Asia-Pacific nations as part of the deal. The CarbonCool Full Body Suit is made up of neoprene and thermoplastic polyurethane outer garment that is secured with Velcro tape. MPad cooling pads are loaded with HypoCarbon, a proprietary and patented graphite solution that transfers heat 15 times faster than ice.
• In October 2020, Gentherm Medical announced the launch of ASTOPAD Patient Warming System. Since 1989, hospitals in countries other than the United States have used the ASTOPAD Patient Warming System. A silent electronic controller and various specialized warming blankets make up the system. The controller features two cable connectors, allowing it to manage two blankets at once. The temperature settings of the controller range from 32°C to 39°C, and can be set separately in precise 0.5°C increments. A warming blanket can be placed over and/or under the patient.

Regional Analysis

Geographically, the countries covered in the Patient temperature management market report are U.S., Canada, Mexico, U.K., Germany, Italy, France, Spain, Russia, Netherland, Switzerland, Turkey, Belgium, Rest of Europe, China, India, Japan, Australia, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in Patient temperature management market during the forecast period 2022 - 2029

North America will continue to dominate the Patient temperature management market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period due to the presence of key market players and rising prevalence of chronic diseases will propel the market's growth rate in this region. U.S. dominates the North American region due to the increase in technological advancement in developing areas.

Asia-Pacific is estimated to be the fastest-growing region in Patient temperature management market the forecast period 2022 - 2029

Asia-Pacific region is anticipated to grow at the highest rate during the forecast period of 2022-2029 due to the surging medical tourism and presence of high growth opportunities for the unmet needs of the target population in the region. China dominates the Asia-Pacific region due increasing developments in the healthcare sector.

COVID-19 Impact Analysis

The COVID-19 has caused major disruption to worldwide commercial and economic activity, and it is projected to have short-term consequences for the temperature management product industry. As governments and authorities endeavor to assure the availability of resources for COVID-19 patients, temperature management solutions for perioperative care are projected to be impacted to some extent due to the postponement of elective procedures caused by COVID-19. Various governments have issued rules on elective procedures in an effort to relieve load on the healthcare system, reduce disease transmission, and conserve personal protective equipment (PPE).

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