Global Temperature Modulation Devices Market, By Product (Portable Blood and IV fluid warmers, Conductive Patient Warming Systems, Convective Patient Warming Systems, Conductive Patient Cooling Systems, Others), Application (Perioperative Care, Acute Care, Coronary Care, Newborn Care, Others) - Industry Trends and Forecast to 2029.
Market Analysis and Size
Hypothermia could lead to brain damage and cardiac arrest, or even death. Hyperthermia leads to fever, CNS disorders and heat stroke. Thermoregulation or temperature modulation, also homeostasis, refers to a process that includes maintaining body’s core internal temperature. Hypothermia and hyperthermia are known as two extreme that conditions can affect body’s ability to function.
- The conventional temperature modulation devices include portable blood/IV warmers and conductive patient warming systems, among others. Data Bridge Market Research analyses that the temperature modulation devices market is expected to grow at a CAGR of 7.27% during the forecast period. Convective patient heating system are the mostly used product.
Temperature Modulation Devices Market Dynamics
Drivers
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Incidence of patient hypothermia
The increase in the incidences of hypothermia across the globe, is one of the major factors driving the market's growth. Hypothermia could lead to serious health conditions and also, might become fatal.
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Surge in number of surgical procedures
The rise in the demand for patient temperature control devices owing to the surge in the number of surgical procedures accelerate the market growth.
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Rise in road accident
The rise in the cases of road accidents throughout the world further influence the market.
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Government Initiatives
The surge in government initiatives to raise awareness regarding temperature management, and prevent hypothermia and hyperthermia will help in the expansion the temperature modulation devices market.
Additionally, advanced healthcare regulatory scenarios, surge in funding on healthcare infrastructure, surge in number of casualties, and high investment in research and development positively affect the temperature modulation devices market.
Opportunities
Furthermore, upsurge in the need and requirement of the outpatient care services extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, mounting pool of individuals suffering from chorionic disease will further expand the negative pressure wound therapy devices market's growth rate in the future.
Restraints/Challenges
On the other hand, some of the salient outcomes, such as the understood power supply dependency of this electricity supported devices are expected to obstruct market growth. Also, expensiveness of intravascular temperature modulation monitoring services are projected to challenge the temperature modulation devices market in the forecast period of 2022-2029.
This temperature modulation devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the temperature modulation devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Temperature Modulation Devices Market
The COVID-19 pandemic had a negative impact on the temperature modulation devices market. The disruption in the supply chain due to the sudden outbreak of the pandemic, and low production rate affected the market. A drastic decrease in the number of accidents and injuries was noticed in the initial part of the year owing to the lockdown that was placed globally reducing the need for wound care.
Recent Development
- Medtronic acquired EPIX Therapeutics in January’2019 to provide temperature-controlled system that enables doctors with improved feedback and control while performing an ablation procedure.
Global Temperature Modulation Devices Market Scope and Market Size
The temperature modulation devices market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Portable Blood and IV Fluid Warmers
- Conductive Patient Warming Systems
- Convective Patient Warming Systems
- Conductive Patient Cooling Systems
- Others
On the basis of product, the temperature modulation devices market is segmented into portable blood and IV fluid warmers, conductive patient warming systems, convective patient warming systems, conductive patient cooling systems, and others.
Application
- Perioperative Care
- Acute Care
- Coronary Care
- Newborn Care
- Others
On the basis of application, the temperature modulation devices market is fragmented into perioperative care, acute care, coronary care, newborn care, and others.
Temperature Modulation Devices Market Regional Analysis/Insights
The temperature modulation devices market is analyzed and market size insights and trends are provided by country, product and application as referenced above.
The countries covered in the temperature modulation devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the temperature modulation devices market because of the healthcare expenditure, and increasing incidence of surgical procedures/hospital visits within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increased awareness and increased medical expenditure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The temperature modulation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for temperature modulation devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the temperature modulation devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Temperature Modulation Devices Market Share Analysis
The temperature modulation devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to temperature modulation devices market.
Some of the major players operating in the temperature modulation devices market are tryker, GENTHERM, Belmont Instrument, LLC, KCWW, 3M, Mennen Medical Ltd., Smiths Group plc, GENERAL ELECTRIC COMPANY, EMIT CORPORATION, Meridian Medical Inc, BD, Keewell Medical Technology Co., and LTD, Barkey, and The 37Company, among others.
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