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2022

Patient Temperature Management Market

Patient Temperature Management Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Patient Warming Systems, Patient Cooling Systems, Accessories), by Application (Infants and Pediatric, Intensive Care, Operations, Others), by Distribution (Operating Room, Neonatal Intensive Care unit, Emergency Room, Intensive care units, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Prathmesh Santosh Bhasme | Roshan Deshmukh
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Patient Temperature Management Market Research, 2031

The global patient temperature management market was valued at $2.9 billion in 2021 and is projected to reach $6 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031. Temperature management remains a significant component of hospital care for all adult, neonatal and geriatric patients. Measuring and monitoring body temperature is significant in detecting the onset of many diseases, assessing their progression, making diagnoses, and deciding the type of treatment. Normal body temperatures vary depending on many factors, including a person’s age and activity levels. The patient temperature management systems enable the nursing staff to manage the core body temperature of critically ill and surgical patients easily.

Patient Temperature Management Market

Historical overview

The market was analyzed qualitatively and quantitatively from 2021-2031. The patient temperature management market grew at a CAGR of around 7.7% during 2022-2031. Most of the growth during this period was derived from the Asia-Pacific owing to the increasing prevalence of clinical cases and surgeries, as well as the well-established presence of domestic companies in the region.   

Market dynamics

Growth & innovations in the medical devices and supplies Patient Temperature Management Industry for the manufacturing of patient temperature management devices owing to massive pool of chronic disease incidences that creates an opportunity for the Patient Temperature Management Market Size. Rise in launch of new devices made up of advanced technology by various key players across the globe is set to affect the Patient Temperature Management Market Growth positively. For instance, in March 2019, Smiths Medical, announced the launched the Level 1 convective warmer. This next-generation high-flow convective warmer gives health care providers a quiet, simple and safe thermal care solution to help patients maintain normal body temperature through every stage of surgery. The growth of the Patient Temperature Management Market Size is expected to be driven by increase in number of surgical procedures as the administration of local or general anesthetics to the patients before any surgical results in the decreased body temperature, rise in the prevalence of cardiovascular diseases and cancer, increase in demand for warming and cooling devices in the hospitals and increase in the technological advancements of the thermoregulatory devices such as surface pads, blankets, and head caps to increase the adoption of the devices. Furthermore, surge in geriatric population and increase in the growth of medical tourism sector in developed and developing countries, growing awareness about healthcare, rising healthcare expenditure and increase in the number of hospitals, ambulatory care centers, and emergency care centers also helps in the growth of the market. However, increase in the concerns about the usage of patient temperature management products due to their ineffectiveness, and increase in costs of the devices are expected to hinder the growth of this market. Conversely, the high growth potential in untapped emerging economies is expected to create lucrative opportunities for the market. The demand for patient temperature management is not only limited to developed countries but is also being witnessed in the developing countries, such as China, Brazil, and India, which fuel the growth of the market. Factors such as rise in adoption of respiratory testing kits, and increase in awareness towards thermoregulation during the surgical procedures, further drive the growth of the market. Furthermore, rise in consumer awareness related to protective healthcare and ease of accessibility of the products boost the adoption of patient temperature management. Moreover, increase in promotional activities by manufacturers and growth in awareness for respiratory testing kits devices among the general population are expected to fuel their adoption in the near future.

Though the use of advanced technology in the temperature management in the medical devices has propelled a changeover trend among the healthcare professionals from using pharmaceutical solutions to medical devices, there is still a long way for this paradigm shift to take total effect as the high cost of medical devices are creating an enormous downfall in the market growth. All it leads to is one major drawback for importers and distributors. Moreover, the unfavorable regulatory scenarios of the products used for testing is anticipated to hamper the growth of the market.

The COVID-19 pandemic affected the patient temperature management market industry in a negative way, like various other medical device industries were affected. COVID-19 severely impacted the overall patient temperature management market, with different segments of the industry experiencing wide-ranging effects. The medical device manufacturers were subjected to challenging social and economic conditions created as a result of the novel strain of coronavirus, SARS-CoV-2, or COVID-19. These conditions continued to create various financial impacts to the manufacturing operations by necessitating precautions for personnel to operate safely both in person as well as remotely. Moreover, the costs incurred include items like incremental payroll costs, consulting support, IT infrastructure, and facilities-related costs. The market players also have experienced moderate disruptions in global distribution operations. Furthermore, the market players experienced constrained supply or curtailed customer demand due to customer loss of private health insurance coverage for the products, which could materially adversely impact the business, results of operation,s and overall financial performance of the companies.   

The patient temperature management market is segmented into Product, Application and Distribution.

The global patient temperature management market is segmented based on product, application and distribution. On the basis of product, the market is bifurcated into patient warming systems, patient cooling systems and accessories. On the basis of application, the market is classified into infants and pediatric, intensive care, operations and others. On the basis of distribution, the market is classified into operating room, neonatal ICU, emergency room, intensive care units, others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Patient Temperature Management Market by Product

By product: Based on product, the market is classified into patient warming systems, patient cooling systems and accessories. The patient warming systems segment dominated the global market in 2021, and is expected to remain dominant throughout the Patient Temperature Management Market Forecast period, owing to increase in the prevalence of chronic disease like cardiovascular diseases, increase in the adoption of patient temperature management devices for controlling the thermoregulation and availability of patient temperature management in the market by various key players.

Patient Temperature Management Market by Application

By application: Based on application, patient temperature management market is segregated into infants and pediatric, intensive care, operations and others. The operations segment dominated the global market in 2021, and is anticipated to continue this trend during the forecast period. This is attributed to increase in number of adoption of patient temperature management devices for surgical procedures of various diseases and increase in technological advancements.  

Patient Temperature Management Market by Distribution

By Distribution: Based on distribution, the market is classified into operating room, neonatal ICU, emergency room, intensive care units, others. The operating room segment held the largest Patient Temperature Management Market Share in 2021, and is expected to remain dominant throughout the forecast period, owing to hospitals and diagnostic centers are the oldest and most conventional medium for using patient temperature management devices to manage the temperature of the patients in the acute critical care or surgical care, and easy of the availability of these products at retail stores.

Patient Temperature Management Market by Region

By region: The patient temperature management market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  In 2021, North America was the dominant region and is expected to remain dominant throughout the forecast period, owing to high prevalence rate of neurological and cardiac diseases, an increase in the number market players and surge in the awareness procedures about the temperature management devices in the region. However, Asia-Pacific expected to grow at the highest rate during the forecast period. The market growth in this region is attributable to presence of medical device companies in the region as well as growth in the purchasing power of populated countries, such as China and India. Moreover, rise in personalized healthcare expenditure and adoption of high-tech devices to improve the treatment procedure, drive the growth of the market. Furthermore, the Asia-Pacific region exhibits the largest product supply and the largest medical devices industry with availability of raw material in abundance, which can be easily accessed by manufacturers of temperature management devices. This, in turn, drives the growth of the market. Asia-Pacific offers profitable opportunities for key players operating in the patient temperature management market, thereby registering the fastest growth rate during the forecast period, owing to the growing infrastructure of industries, rising disposable incomes, as well as well-established presence of domestic companies in the region. In addition, rise in contract manufacturing organizations within the region provides great Patient Temperature Management Market Opportunity for new entrants in this region.  

COMPETITION ANALYSIS

Competitive analysis and profiles of the major players in the patient temperature management, such as 3M Company, Asahi Kasei Corporation, Atom Medical Corporation, Becton, Dickinson and Company, Geratherm Medical AG, ICU Medical Inc., Inspiration Healthcare Group plc, Medtronic, Inc., Stryker Corporation, The Surgical Company are provided in this report. There are some important players in the market such as Weiss Technik North America, Inc., Drägerwerk AG & Co. KGaA and Halyard Worldwide, Inc. Major players have adopted product launch, and acquisition as key developmental strategies to improve the product portfolio of the patient temperature management market.  

Some examples of product launches in the market

In April 2021, Danish medtech company, MEQU, has announced the launch of an in-hospital solution, °M Station, for its blood and IV fluid warming device, °M Warmer System.

In October 2020, Gentherm announced that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) and has launched the ASTOPADTM Patient Warming System in the United States.

In March 2019, Smiths Medical, announced the launch of the Level 1 convective warmer.

Acquisitions in the market

In January 2022, ICU Medical Inc. announced that it has completed its acquisition of Smiths Medical from Smiths Group plc. The Smiths Medical business includes syringe and ambulatory infusion devices, vascular access, and vital care products.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the patient temperature management market analysis from 2021 to 2031 to identify the prevailing patient temperature management market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the patient temperature management market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global patient temperature management market trends, key players, market segments, application areas, and market growth strategies.

Patient Temperature Management Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 6 billion

Growth Rate
Growth Rate

CAGR of 7.7%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

241

Patient Temperature Management Market By Product
By Product
  • Patient Warming Systems
  • Patient Cooling Systems
  • Accessories
Patient Temperature Management Market By Application
By Application
  • Infants and Pediatric
  • Intensive Care
  • Operations
  • Others
Patient Temperature Management Market By Distribution
By Distribution
  • Operating Room
  • Neonatal Intensive Care unit
  • Emergency Room
  • Intensive care units
  • Others
Patient Temperature Management Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

Atom Medical Corporation, Medtronic plc, Geratherm Medical AG, Becton, Dickinson and Company, ICU Medical Inc., Inspiration Healthcare Group plc, The Surgical Company, Stryker Corporation, ASAHI KASEI CORP, 3M Company

Analyst Review

In accordance to several interviews conducted, the temperature management has a significant component of hospital care for all neonatal and adult patients. The body temperatures outside normal ranges may be indicative of various disease processes or clinical deterioration, and should be identified within a timely manner. The temperature management products help in regulation and maintenance of patients’ normal body temperature inside recovery rooms, operations theaters, intensive care units and other hospital areas. The growth in the demand from hospitals and other healthcare facilities for the temperature management products are gaining significant rise worldwide owing to the benefits offered by the devices in the maintaining the thermoregulation during the patient care in the healthcare organization. 

Asia-Pacific is expected to witness the highest CAGR during the analysis period, owing to the increases in the adoption of temperature management devices in the Asian countries like Japan and China. In addition, increase in awareness about thermoregulation of the patient undergoing the surgical procedures and increase in government expenditure on healthcare helps boost the growth of the market. 

Author Name(s) : Prathmesh Santosh Bhasme | Roshan Deshmukh
Frequently Asked Questions?

The total market value of the patient temperature management market is $2871.4 million in 2021.

The forecast period in the report is from 2022 to 2031.

North America is the largest regional market for Patient Temperature Management

The market value of the patient temperature management market in 2022 was $3075.27 million.

The top companies that hold the market share in the patient temperature management market are 3M Company, Asahi Kasei Corporation, Atom Medical Corporation, Becton, Dickinson and Company, Geratherm Medical AG, ICU Medical Inc., Inspiration Healthcare Group plc, Medtronic, Inc., Stryker Corporation, and The Surgical Company.

The base year for the report is 2021.

Yes, patient temperature management companies are profiled in the report

The key trends in the patient temperature management market are an increase in the number of surgeries and a rise in R&D in patient temperature management products.

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Patient Temperature Management Market

Global Opportunity Analysis and Industry Forecast, 2021-2031