Press release
Temperature Modulation Devices Industry Outlook 2025-2029: Market Set to Cross $4.85 Billion Milestone
Temperature Modulation Devices Market
How Large Will the Temperature Modulation Devices Market Size By 2025?
In the past few years, the market size for temperature modulation devices has significantly expanded. It's anticipated to escalate from $3.19 billion in 2024 to $3.48 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. The growth witnessed in the historical period is connected to a surge in industrialization, the escalating demands of healthcare, the expansion in agricultural requirements, increased scientific research initiatives, and heightened environmental awareness.
How Big Is the Temperature Modulation Devices Market Size Expected to Grow by 2029?
Predicted robust growth is foreseen in the temperature modulation devices market, as it is projected to reach a market value of $4.85 billion by 2029, with an impressive compound annual growth rate (CAGR) of 8.6%. This growth through the forecast period is predicted to be driven by factors such as burgeoning urbanization, the escalating effects of climate change, the increasing necessity for energy efficiency, advancements in digitalization and integration of IoT, and innovative strides in the healthcare and pharmaceutical sectors. Key trends to watch for in this time frame will be intelligent and interconnected systems, the incorporation of renewable energy, precise temperature control, flexibility and scalability in design, and anticipatory maintenance solutions.
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Which Key Market Drivers Powering Temperature Modulation Devices Market Expansion and Growth?
The rise in the number of surgical interventions is set to fuel the advancement of the temperature modulation devices market. Surgical interventions encompass medical procedures that include cuts or manipulation of body tissue for diagnosis, treatment, or management of health conditions. The growth in surgical operations can be credited to better healthcare access, advancements in healthcare systems, broader healthcare funding, and new healthcare facility establishment, enabling more patients to receive necessary surgical care. Temperature modulation devices are employed during these operations to maintain ideal body temperature, avoiding hyperthermia or hypothermia, thereby ensuring patient safety and comfort. For example, the British Association of Aesthetic Plastic Surgeons, a UK-based organization, reported a substantial surge in the number of cosmetic surgeries performed in March 2023. The total reached 31,057 in 2022, marking a significant 102% rise compared to 2021 figures. Consequently, the surge in surgical operations is stimulating the growth of the temperature modulation devices market.
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Which Emerging Trends Are Transforming the Temperature Modulation Devices Market in 2025?
A significant focus within the temperature modulation devices industry is being placed on the development of cutting-edge technologies by leading companies. These advancements aim to deliver unique features like waveform digitization functions to improve the precision and effectiveness of temperature control in clinical environments, thereby enhancing patient outcomes and operational efficiency. The transformation of continuous analog signals into discrete digital signals is encapsulated in the concept of waveform digitization functions. It offers precise measurement and control of temperature modulation in various industries. For instance, in March 2024, Japan-based electrical equipment manufacturing company, Omron Corporation introduced the OMRON NX-HTC. This temperature controller boosts advanced machine status analysis by augmenting monitoring and regulation capabilities. The distinctive waveform digitization function of the NX-HTC empowers users to capture and analyse temperature patterns with accuracy. Outfitted with sophisticated analytics capabilities, it allows real-time examination and monitoring of machine status. This feature enables predictive maintenance, augments efficiency, and minimizes downtime. Stable automatic control against anticipated temperature fluctuations, such as those induced by outside air when doors are operated, is offered by the NX-HTC. This device aids in enhancing quality and elevating production capacity by lessening the delay to temperature stabilization. The device supports temperature measurements ranging from -50 to 500°C and -50 to 1,000°C types.
What Are the Emerging Segments in the Temperature Modulation Devices Market?
The temperature modulation devices market covered in this report is segmented -
1) By Product: Portable Blood Or IV Fluid Warmers, Conductive Patient Warming Systems, Convective Patient Warming Systems, Conductive Patient Cooling Systems, Other Products
2) By Application: Perioperative Care, Acute Care, Coronary Care, Newborn Care, Other Applications
3) By End Use: Hospitals, Diagnostic Laboratories, Ambulatory Surgical Centers, Other End User
Subsegments:
1) By Portable Blood Or Iv Fluid Warmers: Battery-Powered Warmers, Rechargeable Warmers
2) By Conductive Patient Warming Systems: Warming Blankets, Warming Pads
3) By Convective Patient Warming Systems: Forced Air Warming Systems, Convection Warming Blankets
4) By Conductive Patient Cooling Systems: Cooling Pads, Cooling Blankets
5) By Other Products: Temperature Monitoring Devices, Intravenous (Iv) Fluid Cooling Systems
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Who Are the Global Leaders in the Temperature Modulation Devices Market?
Major companies operating in the temperature modulation devices market are Thermo Fisher Scientific Inc., Medtronic plc, ABB Group, FUJIFILM Holdings Corporation, Kimberly-Clark Corporation, Becton Dickinson and Company, Stryker Corporation, Baxter Laboratories Inc., Analog Devices Inc., Shimadzu Corporation, Smiths Group, Drägerwerk AG & Co KGaA, ICU Medical Inc., Masimo Corporation, ZOLL Medical Corporation, Gentherm Medical LLC, Cincinnati Sub-Zero (CSZ) Products LLC, Soma Technology Inc., Belmont Medical Technologies, The Surgical Company, BrainCool AB, Minnesota Mining and Manufacturing Company, Hirtz & Co. KG, EMIT Corporation, Keewell Medical Technology Co Ltd
Which are the Top Profitable Regional Markets for the Temperature Modulation Devices Industry?
North America was the largest region in the temperature modulation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the temperature modulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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