The growing number of contracts and agreements between market players is also expected to offer a wide range of growth opportunities for market players during the forecast period. However, the high cost of intravascular temperature management systems is restraining the growth of temperature management market.

Expected Revenue Growth:

The temperature management market is projected to reach USD 3.2 billion by 2025 from USD 2.5 billion in 2020, at CAGR of 5.1%.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141546773

Growth in North America Region:

North America, comprising the US and Canada, accounted for the largest share of the temperature management market in 2019. The large volume of surgical procedures performed in North American countries is a major factor driving market growth in this region. Growth in the geriatric population, the rising incidence of cardiac arrests and neurological disorders, and the availability of technologically advanced products such as standalone and battery-powered devices are the other factors supporting the growth of the temperature management systems market in North America.

Growth in Asia Pacific Region:

The market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. A number of factors such as the growing demand for aesthetic and medical surgeries, rising incidence of cardiac arrests and CNS disorders, government efforts to increase access to elective surgeries, and improving healthcare infrastructure are driving the growth of the temperature management market in the Asia Pacific.

Request Sample Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=141546773

Key Players:

The major players operating in the temperature management systems market are 3M (US), Smiths Medical (US), ZOLL Medical (US), Becton, Dickinson and Company (US), Drägerwerk (Germany), Ecolab (US), GE Healthcare (US), Gentherm (US), Geratherm Medical (Germany), Inspiration Healthcare (UK), Medtronic (Ireland), Stryker Corporation (US), The 37Company (Netherlands), Adroit Medical Systems (US), Attune Medical (US), Augustine Surgical (US), Belmont Medical Technologies (US), Biegler  GmbH (Germany).

3M Company was the leading player in the temperature management market. The company provides an extensive range of temperature management products, such as warming blankets, warming systems, warming gowns, and non-invasive temperature management systems. For more than 20 years, 3M’s patient warming systems have been effectively used by more than 200 million patients. 3M’s patient warming systems have been researched extensively, and its clinical benefits, efficacy, and safety are documented in more than 170 studies and more than 60 randomized controlled clinical trials.

Recent Developments:

1. In 2019, Smiths Medical (US) launched Level 1 convective warmer.

2. In 2017, BD and Company (US) and C. R. Bard (US) entered into a definitive agreement under which BD acquired Bard. Through this acquisition, BD entered the temperature management market.

3. In 2017, Drägerwerk (Germany) launched Incu Warmer Babyleo TN500.