PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397144
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397144
Patient Temperature Management Market size was valued at USD 3,720.8 Million in 2022, expanding at a CAGR of 8.7% from 2023 to 2030.
Temperature management constitutes a vital aspect of hospital care for patients across all age groups, encompassing adults, neonates, and geriatric individuals. The measurement and continuous monitoring of body temperature play a crucial role in early disease detection, assessing disease progression, making accurate diagnoses, and determining appropriate treatment plans. Normal body temperature varies, influenced by factors like age and activity levels. Patient temperature management systems empower nursing staff to effectively regulate the core body temperature of critically ill and surgical patients.
The growing number of surgical procedures worldwide is a significant driver for the patient temperature management market. There's a substantial global volume of surgical procedures taking place, with over 500,000 coronary bypass procedures conducted annually, as estimated by the Texas Heart Institute. The administration of anesthesia, whether local or general, prior to surgery can lead to a drop in body temperature. Therefore, the use of warming systems becomes crucial to prevent intraoperative hypothermia. These systems not only enhance patient comfort but also reduce pre and post-surgical complications. Moreover, the rising incidence of cardiovascular diseases and cancer has boosted the demand for warming and cooling devices. In cancer cases, lowered body temperature can promote the growth of cancer cells, making patient warming systems essential in combination with radiation therapy and chemotherapy. Additionally, the increasing occurrences of heart attacks and strokes have emphasized the need for precise temperature management to improve survival rates and support normal brain function. Technological advancements have also contributed to increased market demand, introducing new temperature management systems like surface pads, blankets, and head caps. The market's growth has been further accelerated by the expanding array of surface warming and cooling systems. For instance, a prominent player in the market, 3M, has developed its Bair Hugger product range, offering a comprehensive portfolio of blankets, including specialty, under body, full body, and more.
The Global Patient Temperature Management Market is segmented on the basis of Type, Application, End Use, and Region.
The market is divided into two categories based on type: Patient Warming Systems and Patient Cooling Systems. In 2022, patient warming systems took the lead in the market due to their extensive utilization, particularly in surgeries involving the administration of general anesthesia. General anesthesia, often employed before surgery, can lead to a decrease in the patient's body temperature. Consequently, it becomes essential to pre-warm the patient's body before surgery to mitigate the risk of perioperative hypothermia.
The market is divided into six categories based on Application: Surgery, Cardiology, Pediatrics, Neurology, Orthopedic Surgery and Others. For the application segment, surgery emerged as the dominant category in 2022. This is primarily attributed to the increasing number of cardiac and gynecology surgeries. Temperature management systems also find extensive use in various stages of surgical procedures, encompassing pre-surgery, post-surgery, and perioperative phases. Additionally, these devices play a crucial role in addressing complications related to surgical sites.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Companies in the Patient Temperature Management Market are implementing various strategies to stay competitive and meet the growing demand for advanced temperature management solutions. These strategies include continuous product innovation to introduce more efficient and user-friendly devices, expanding their product portfolios to cater to a wider range of medical applications, and seeking regulatory approvals for their products. Many companies also focus on strategic partnerships and collaborations with healthcare facilities to ensure the adoption of their solutions. Moreover, they invest in marketing and awareness campaigns to educate healthcare professionals and patients about the benefits of temperature management. Overall, a patient-centric approach and a commitment to improving healthcare outcomes are central to their strategies.
In June 2023, Dragerwerk AG & Co. KGAA introduced the Babyroo T300, a newly FDA-cleared open warmer designed to provide lung support and maintain stable temperatures from birth until discharge.
In July 2023, Asahi-kasei Corporation of Japan entered into an agreement with BrainCool, a medical device company specializing in temperature management solutions. This agreement grants Asahi-kasei exclusive distribution rights for the BrainCool System/IQool System and the IQool System Pads in the United States and major European markets. Both companies are actively working to expand distribution into selected Asian markets.