The report on global temperature management market provides qualitative and quantitative analysis for the period of 2017 to 2023. According to report the global temperature management market is expected to grow at a CAGR between 2.5% and 3.0 % over the forecast period of 2017 - 2023. The global market size of temperature management market was USD 2.29 billion in 2015 and is expected to reach USD 2.80 billion by 2023.
Figure 1: Global Temperature Management Market by Value 2015 - 2023
The report identified that global temperature management is driven by factors such as number of awareness campaigns and conferences for physicians are increased, technological advancements, growing incidence of chronic conditions and growth in research funding. While the restraining factors include high cost of temperature management systems and product recalls. Further, the report identifies the opportunities in the world market as emerging markets offer profitable growth opportunities.
The report on global temperature management market covers the segments based on medical specialty, product, application and end user. The medical specialty of temperature management includes pediatrics, general surgery, neurology, cardiology, thoracic surgery, orthopedics, and other medical specialties. The product segment includes patient cooling systems and patient warming systems. On the basis of application the global temperature management market is segmented as military applications, acute care, newborn care, medical/surgical units, chemotherapy, physiotherapy, patient transport and other applications. On the basis of end user nursing staff, paramedical staff, surgeons and anesthesiologists.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography are provided over the period of 2017 – 2023.
Figure 2: Global Temperature Management Market by Region
Globally, North America market dominated the world temperature management market followed by Europe. Furthermore, Asia Pacific market is expected to grow at the highest CAGR over the forecast period 2017-2023. Due to the increasing patient population, government efforts to increase access to elective surgeries, and improving healthcare facilities.
The report provides profiles of the companies in the global temperature management market such as, Stryker Corporation, 3M Company, Medtronic PLC, C. R. Bard, Inc., Becton, Dickinson and Company, Cincinnati Sub-Zero Products, LLC, The 37company (The Surgical Company), Smiths Medical, Geratherm Medical AG, GE Healthcare, Inspiration Healthcare Group PLC, Zoll Medical Corporation, and others.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global temperature management market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of temperature management market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the temperature management market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market.
This report will help manufacturers, suppliers and distributors of the temperature management market to understand the present and future trends in this market and formulate their strategies accordingly.