With a CAGR of 5.8% Temperature Management Systems Market to Reach USD 3.61 billion by 2028|Medtronic (Ireland), Dickinson and Company (US), Becton (US)

Market Overview
The Global Temperature Management Systems market was valued at USD 2.43 billion in 2021 and is expected to reach USD 3.61 billion by the year 2028, at a CAGR of 5.8%.

All neonatal and paediatric patients' hospital care continues to include careful temperature management. Treatments used to keep a patient's body temperature stable for a predetermined amount of time are referred to as temperature management. It helps to improve health conditions and lowers the danger of tissue injury brought on by a lack of blood flow. In medicine, the body temperature is crucial. As one of the vital signs that indicates a person's health, temperature is measured and managed as part of routine medical care.

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Market Overview
Driver
Devices for controlling patient temperature are becoming more and more important in the medical field as a result of their widespread use in many different types of procedures and growing public knowledge of their advantages for patient health. The incidence of chronic diseases has significantly increased around the world, and in the years to come, this is expected to have a significant positive impact on the sales of patient temperature control systems.

Opportunities
Globally, there are now more businesses offering temperature management systems than ever before. By signing contracts and agreements with other established and up-and-coming market companies, the major players are concentrating on enhancing their product offers, distribution networks, and geographic presence. This gives growing businesses in the market expansion chances. For instance, Vizient Inc. (US) awarded an innovative technology contract to Advanced Cooling Therapy (Formerly known as Attune Medical) (US) in February 2017 for its oesophageal cooling device. Growth number of contracts and agreements between market players is major opportunities for the Temperature Management Systems Market.

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Market Segmentation
Segmentation Analysis of Global Temperature Management Systems Market:
Based on Product Type, Patient Warming Systems segments are expected to dominate position owing to growing adoption in surgeries. These systems are utilized to manage hypothermia or drop in body temperature following administration of specific anesthesia. Expansion in the Patient Cooling System segment is attributed to the rising number of cardiac surgeries.

Based on Application, the perioperative care segment was recorded for the maximum share of the temperature management market. Perioperative care refers to the care given to patients before and after a particular surgery. The rising number of surgical procedures performed globally is the major factor turning the growth of this application segment.

Based on Medical Indication, general surgery is expected to dominate the market during the forecast period. The maximum share of this segment can primarily be attributed to the large number of general surgery procedures performed globally. Electronic thermometers use thermistors and thermocouples. They are sufficiently authentic (±0.5°C), inexpensive, and most dependable modality.

By Product Type
• Patient Warming System
• Patient Cooling System

By Technology
• Digital Temperature Monitoring System
• Analog Temperature Monitoring System

By Medical Conditions
• Neurology
• Cardiology
• Orthopaedics
• Other

By End Users
• Operating Rooms
• Coronary Care Units
• Neonatal Intensive Care Units
• Intensive Care Units
• Others

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Regional Analysis of Global Temperature Management Systems Market:
The North American region is expected to dominate the temperature management system market during the forecast period. Factors such as the large volume of surgical procedures, increase in the geriatric population, growing incidence of cardiac arrests and neurological disorders, availability of technologically advanced products, and the presence of key players in the US are turning the growth of the temperature management market in North America.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Temperature Management Systems Market are:
• Medtronic (Ireland)
• Attune Medical (US)
• Smiths Medical (US)
• MedCare Visions GmbH (Germany)
• Becton (US)
• Dickinson and Company (US)
• Drägerwerk (Germany)
• Ecolab (US)
• Belmont Medical Technologies (US)
• GE Healthcare (US)
• Gentherm (US)
• Augustine Surgical (US)
• Geratherm Medical (Germany)
• Inspiration Healthcare (UK)
• 3M Company (US)
• The Surgical Company (Netherlands)
• Adroit Medical Systems (US)
• Vyaire Medical Inc. (the US)
• Biegler GmbH (Germany)

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Key Industry Developments In Global Temperature Management Systems Market
• In March 2021, ZOLL® Medical Corporation, an Asahi Kasei company that produces medical devices and related software solutions, and Global Healthcare SG, a manufacturer of portable body cooling solutions, on this day declared their exclusive distribution agreement. As part of the agreement, ZOLL has exclusive rights to allocate the CarbonCool® Full Body Suit and Comfort Suit in Asia-Pacific countries.
• In 2021, The Surgical company declared an agreement with Next Level Development TSC-PTM to develop, manufacture, and globally distribute specialist medical equipment for the precaution of hypothermia and the warming of patients undergoing surgery.

Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures And Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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