Temperature Management Global Market Report 2024

Description

Temperature management involves controlling and regulating specific body temperatures externally through warming or cooling techniques for designated periods. Devices for temperature management find applications in operating theaters during surgeries, ICUs, blood warming, and various chronic conditions like cardiac ailments, neurological disorders, and cancer treatments.

The market for temperature management devices, as discussed in this report, is segmented by product into patient warming devices and patient cooling devices. Patient warming devices are utilized to regulate body temperature externally. The segmentation by application includes surgery, cardiology, pediatrics, neurology, orthopedic surgery, among others. Additionally, it is segmented by end-use, covering the operating room, neonatal ICU, emergency room, ICUs, and other healthcare settings.

The temperature management market research report is one of a series of new reports from The Business Research Company that provides temperature management market statistics, including temperature management industry global market size, regional shares, competitors with a temperature management market share, detailed temperature management market segments, market trends and opportunities, and any further data you may need to thrive in the temperature management industry. This temperature management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The temperature management market size has grown steadily in recent years. It will grow from $2.84 billion in 2023 to $2.93 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth observed in the historic period can be attributed to several factors, including the escalating demand for temperature-sensitive products, the expanding globalization of trade, increased awareness regarding the significance of temperature management, a growing need for cold chain solutions, advancements in the pharmaceutical sector, the growth of the electronics industry, an aging population, and an increase in chronic diseases.

The temperature management market size is expected to see steadily grown in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. Anticipated growth in the forecast period is expected to stem from the expansion of healthcare services, the impact of climate change and extreme weather events, the continued growth of e-commerce, the transition towards green energy, advancements in IoT (Internet of Things) and automation, the continual development of healthcare infrastructure, and an increase in overall awareness.

The temperature management market is anticipated to witness substantial growth due to the increasing prevalence of chronic diseases worldwide. Chronic ailments, persisting for extended durations and often requiring consistent medical attention, highlight the pivotal role of temperature management. Particularly in neurological conditions post-cardiac arrest, temperature management interventions aim to reduce mortality and enhance neurological outcomes in unresponsive patients after achieving Return of Spontaneous Circulation (ROSC). Statistics from the World Health Organization in September 2022 revealed that 74% of the 41 million global annual deaths were attributed to non-communicable diseases (NCDs) or chronic diseases. These included significant fatalities from cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes. The rising incidence of chronic diseases is a key driver fueling the growth of the temperature management market.

The surge in the number of surgical procedures is poised to drive the expansion of the temperature management market. Surgical interventions, involving tissue alterations through incisions or destruction, necessitate meticulous temperature control to maintain a patient's core body temperature within a specific range. This regulation is crucial to prevent temperature imbalances and sustain normothermia during surgeries. Notably, data from the Aesthetic Society in April 2022 unveiled a remarkable 54% surge in surgical procedures in 2021 compared to 2020. Notably, body procedures, particularly abdominoplasties and liposuction, exhibited significant growth rates, underscoring the increasing demand for temperature management solutions in surgical settings.

Innovative wearables represent an emerging trend in the temperature management system market. These devices, such as the Embr Wave bracelet from Embr Labs, aim to address issues of circuit malfunctions and low-temperature burns resulting from heat generated by power consumption. These wearables function as personal thermostats, providing users with control over their body temperature preferences through patches or wearable devices.

Moreover, major players in the temperature management market are proactively engaging in strategic partnerships to bolster their product portfolios. In July 2023, Collaborations like the one between ZOLL Medical Corporation and BrainCool focus on exclusive distribution deals to expand market reach. This partnership aims to bring advanced temperature management solutions like the IQool System Pads and BrainCool System to markets in the United States, major European regions, and potential expansion into select Asian markets. This strategic alliance aims to enhance market presence and cater to diverse geographical segments.

Major companies operating in the temperature management market include 3M Company, Becton Dickinson and Company, Draegerwerk AG & Co. KGaA, Smiths Medical, Stryker Corporation, The 37company (The Surgical Company), Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation), C. R. Bard, Mennen Medical, Medtronic PLC, The 37Company, Belmont Instruments, EMBRlabs, Enthermics Medical Systems, Fisher & Paykel Healthcare Limited, Gaymar Industries Inc., Getinge AB, Halyard Health Inc., Inditherm Medical, KARL STORZ SE & Co. KG, Masimo Corporation, Mennen Medical Ltd., Merit Medical Systems Inc., MicroTherapeutics Inc., Philips Healthcare, Smith & Nephew PLC, Teleflex Incorporated, Terumo Corporation, ZOLL Medical Corporation

North America was the largest region in the temperature management market in 2023. Western Europe was the second-largest region in the temperature management market report. The regions covered in the temperature management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the temperature management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The temperature management market consists of revenues earned by entities by real-time environmental and temperature monitoring and ensure patient safety. The market value includes the value of related goods sold by the service provider or included within the service offering. The temperature management market also includes sales of warming devices and cooling devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Temperature Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on temperature management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for temperature management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The temperature management market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Patient Warming Devices; Patient Cooling Devices
2) By Application: Surgery; Cardiology; Pediatrics; Neurology; Orthopedic Surgery; Other Applications
3) By End-Use: Operating Room; Neonatal ICU; Emergency Room; ICUs; Other End-Uses
Companies Mentioned: 3M Company; Becton Dickinson and Company; Draegerwerk AG & Co. KGaA; Smiths Medical; Stryker Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r13282

1. Executive Summary

2. Temperature Management Market Characteristics

3. Temperature Management Market Trends And Strategies

4. Temperature Management Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Temperature Management Market Size and Growth

5.1. Global Temperature Management Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Temperature Management Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Temperature Management Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Temperature Management Market Segmentation

6.1. Global Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Patient Warming Devices
Patient Cooling Devices
6.2. Global Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Surgery
Cardiology
Pediatrics
Neurology
Orthopedic Surgery
Other Applications
6.3. Global Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Operating Room
Neonatal ICU (Intensive Care Unit)
Emergency Room
ICUs (Intensive Care Units)
Other End-Uses

7. Temperature Management Market Regional And Country Analysis

7.1. Global Temperature Management Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Temperature Management Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Temperature Management Market

8.1. Asia-Pacific Temperature Management Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Temperature Management Market

9.1. China Temperature Management Market Overview
9.2. China Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Temperature Management Market

10.1. India Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Temperature Management Market

11.1. Japan Temperature Management Market Overview
11.2. Japan Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Temperature Management Market

12.1. Australia Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Temperature Management Market

13.1. Indonesia Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Temperature Management Market

14.1. South Korea Temperature Management Market Overview
14.2. South Korea Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Temperature Management Market

15.1. Western Europe Temperature Management Market Overview
15.2. Western Europe Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Temperature Management Market

16.1. UK Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Temperature Management Market

17.1. Germany Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Temperature Management Market

18.1. France Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Temperature Management Market

19.1. Italy Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Temperature Management Market

20.1. Spain Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Temperature Management Market

21.1. Eastern Europe Temperature Management Market Overview
21.2. Eastern Europe Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Temperature Management Market

22.1. Russia Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Temperature Management Market

23.1. North America Temperature Management Market Overview
23.2. North America Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Temperature Management Market

24.1. USA Temperature Management Market Overview
24.2. USA Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Temperature Management Market

25.1. Canada Temperature Management Market Overview
25.2. Canada Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Temperature Management Market

26.1. South America Temperature Management Market Overview
26.2. South America Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Temperature Management Market

27.1. Brazil Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Temperature Management Market

28.1. Middle East Temperature Management Market Overview
28.2. Middle East Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Temperature Management Market

29.1. Africa Temperature Management Market Overview
29.2. Africa Temperature Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Temperature Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Temperature Management Market, Segmentation By End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Temperature Management Market Competitive Landscape And Company Profiles

30.1. Temperature Management Market Competitive Landscape
30.2. Temperature Management Market Company Profiles
- 30.2.1. 3M Company
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Becton Dickinson and Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Draegerwerk AG & Co. KGaA
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Smiths Medical
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Stryker Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Temperature Management Market Competitive Benchmarking

32. Global Temperature Management Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Temperature Management Market

34. Temperature Management Market Future Outlook and Potential Analysis

34.1 Temperature Management Market In 2028 - Countries Offering Most New Opportunities
34.2 Temperature Management Market In 2028 - Segments Offering Most New Opportunities
34.3 Temperature Management Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer