PUBLISHER: Grand View Research | PRODUCT CODE: 1493327
PUBLISHER: Grand View Research | PRODUCT CODE: 1493327
The U.S. patient temperature management market size is expected to reach USD 2.12 billion by 2030, expanding at a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing volume of surgical procedures is one of the significant factors impacting the market growth. The rising prevalence of cardiovascular diseases and cancer has encouraged high demand for warming and cooling devices. In cancer cases, the drop in body temperature results in the multiplication of cancer cells in the patient's body. According to the Centers for Disease Control and Prevention (CDC), over 100 million people have hypertension in the U.S. Hypertension increases the risk of heart disease. Similarly, the growing number of neurological disorders across the globe is expected to drive market growth. In the U.S., more than 1 million adults are diagnosed annually with chronic brain diseases.
With rising demand for conventional warming and cooling systems, there is a growing need for modern temperature management systems. The introduction of a wide range of surface warming and cooling systems by the major players is expected to lead to a booming market for patient temperature management system. Some leading products in convective patient warming systems are the WarmTouch WT 6000 Warming Unit, Bair Hugger, Mistral-Air Forced Air System, and WarmAir Convective Warming.
Technological advancements are also projected to increase the market demand due to the introduction of new temperature management systems, such as surface pads, blankets, and head caps. Moreover, key strategic initiatives such as collaboration and partnership propel market growth. For instance, in April 2023, Augustina Surgical Inc. partnered with Baxter to launch the Baxter Patient Warning system. The growing need for modern temperature management systems has led to the introduction of a wide range of surface warming and cooling systems, accelerating market growth.