Patient Temperature Management Systems Market

Patient Temperature Management Systems Market Outlook (2023 to 2033)

The global patient temperature management systems market enjoys a value of US$ 3.1 billion in 2023 and is projected to climb to US$ 4.2 billion by 2033-end. This is because worldwide shipments of patient temperature management systems are anticipated to increase at 3.1% CAGR over the next ten years.

Patient temperature management devices are becoming increasingly essential in the medical industry owing to their high adoption in several types of surgeries and increasing awareness regarding their benefits to patient health. The world has witnessed a substantial increase in the incidence of chronic diseases and this is projected to prominently promulgate the sales of patient temperature management systems over the coming years.

Increasing volumes of surgical procedures being performed, growing rate of hospitalization, rising focus on patient health, implementation of stringent patient safety mandates, advancements in patient temperature management technologies, and growing incidence of cardiovascular disorders are other factors that could bolster patient temperature management system demand across the forecast period.

On the flip side, frequent product recalls by regulatory authorities and high costs of certain patient temperature management systems are anticipated to act as major restraints for overall market development in the future.

A detailed analysis of changing pricing trends, evolving product standards, and progressing global demand has been profiled in this revised patient temperature management systems industry survey by Fact.MR, a market research and competitive intelligence provider.

Report Attributes	Details
Patient Temperature Management Systems Market Size (2023)	US$ 3.1 Billion
Projected Market Value (2033F)	US$ 4.2 Billion
Global Market Growth Rate (2023 to 2033)	3.1% CAGR
North America Market Share (2022)	~40%
Key Companies Profiled	3M Company Smiths Group plc Inspiration Healthcare Group plc Cincinnati Sub-Zero Products LLC ZOLL Medical Corporation Inditherm Plc C. R. Bard Inc. Medtronic plc Stryker Corporation Atom Medical Corporation Gentherm Incorporated Asahi Kasei Corporation

Which Determinants Will Shape Patient Temperature Management Systems Market Growth Trajectory?

“Increasing Volume of Surgical Procedures across the World”

The growing popularity of non-invasive and minimally invasive surgical procedures is projected to prominently influence sales of patient temperature management systems over the coming years. The high prevalence of chronic disorders has resulted in an increased number of surgeries being performed and this subsequently has cultivated a high demand for patient warming devices. Increasing aesthetic awareness among people and the growing popularity of cosmetic surgeries are also anticipated to have a positive impact on shipments of patient temperature management equipment across the forecast period.

“Rising Prevalence of Cardiovascular Disorders & Cancers”

A substantial rise in the number of cardiovascular disorder cases has been recorded in the past few years and the number is continually expected to increase throughout the forecast period. The aforementioned factor has resulted in an increased number of heart surgeries being performed wherein the use of patient cooling devices and patient warming devices is essential to maintain patient health and improve chances of survival.

Similarly, the incidence of cancer has increased rapidly and resulted in increased demand for chemotherapy and radiation therapy procedures. Patient warming equipment is essential in the treatment of cancer as cancer cells tend to multiply in the incidence of body temperature drop in patients. The use of patient temperature management systems also helps in maintaining normal brain functioning during surgical procedures and hence are projected to witness a bright demand outlook in the future.

How Can Start-ups Revolutionize the Marketplace?

“New Entrants Focusing on Development of Innovative Products”

Incoming patient temperature management system manufacturers are focusing on the R&D of novel products with advanced features and technologies to gain an edge over the products provided by established companies in the industry landscape.

• SteadySense, a Styria-based start-up company developing smart sensor wearables has developed ‘SteadyTemp.’ The system consists of a high-tech adhesive patch that uses AT&S sensor electronics to continually monitor body temperature for up to 7 days.

New entrants in the industry can also benefit from supportive government initiatives that will help them expand their business potential much faster and better. More new developments by start-ups and the impact of start-ups on local supply have been discussed extensively in this recently updated patient temperature management systems market research report by Fact.MR.

Which is the Leading Regional Market for Patient Temperature Management Systems?

“Asia Pacific to Offer Remunerative Business Opportunities”

Increasing investments in healthcare infrastructure development are anticipated to primarily boost demand for patient temperature management systems in the Asia Pacific region throughout the forecast period. Growing incidence of cancer and other chronic diseases, increasing hospitalization of patients, and high prevalence of road accidents are other influential factors that are expected to uplift patient temperature management system sales in countries such as India and China.

The APAC regional market is projected to offer a highly opportunistic growth scope for established as well as upcoming patient temperature management system companies.

Country-wise Insights

Will Japan be an Investment-worthy Market for Patient Temperature Management System Manufacturers?

“High Senescent Population to Offer Lucrative Business Scope”

Japan has been struggling with a rapidly aging population for quite a while now and this trend is expected to be a major prospect driving patient temperature management system sales in the future. The geriatric population is more prone to suffering from cardiovascular complications and other health issues, which result in surgeries and subsequently bolster demand for patient temperature management systems in the country.

Rising investments in healthcare infrastructure development, a growing focus on patient safety, and an increasing number of new product launches are other factors that are expected to augment patient temperature management system shipments in Japan over the next ten years.

Which European Countries Should Patient Temperature Management System Vendors Target?

“Germany & United Kingdom to be Prime Markets in Europe”

The European region has witnessed a high prevalence of chronic disorders in recent years which has resulted in an increasing rate of hospitalization due to surgeries. The aforementioned factor is anticipated to predominantly drive patient temperature management equipment demand in most European countries such as the United Kingdom, Germany, and Italy.

Increasing healthcare expenditure, growing per capita disposable income, adoption of patient-centric healthcare practices, and rising investments in healthcare research and development are other prospects that are slated to bolster patient temperature management system shipments over the next ten years in Germany and the United Kingdom along with other European countries.

What Prospects Will Govern Market Growth in the United States?

“Rising Volume of Surgeries and Growing Availability of Advanced Patient Temperature Management Systems”

The high prevalence of obesity and lifestyle-related disorders have resulted in an increased volume of surgeries being performed in the United States, which are expected to prominently influence demand for patient temperature management systems over the coming years.

The high availability of advanced medical equipment, the presence of developed healthcare infrastructure, high healthcare spending potential, and the growing popularity of minimally invasive and non-invasive surgical procedures are other aspects that are anticipated to shape market development in the country over the next years.

The growing senescent population in the country and increasing incidence of different types of cancers are other factors that could potentially alter patient temperature management device demand trends in the United States in the long run. An increasing number of cosmetic surgeries owing to high aesthetic awareness and high disposable income are also expected to open up new avenues of opportunity for patient temperature management system suppliers in the country.

Category-wise Insights

Where Will Patient Temperature Management System Sales Shine Bright?

“Hospitals Projected to Account for Majority of Product Sales”

Based on end user, the market for patient temperature management systems is segmented into hospitals, ambulatory surgical centers, specialized clinics, and neonatal care units.

Hospitals account for a significant market share among all end users in the global landscape at present and are estimated to maintain a similar stance over the next ten years. The increasing rate of hospitalization, rising medical tourism, increasing investments in healthcare infrastructure development, and growing geriatric population are other factors that are anticipated to contribute to patient temperature management system demand in hospitals across the forecast period.

Competitive Landscape

Top patient temperature management system suppliers are launching new products to expand their product portfolio and drive sales potential.

• In April 2021, °MEQU, a Danish medical technology company announced the launch of °M Station for our blood and IV fluid warming device, °M Warmer System, which is an in-hospital solution. The product is suitable for intensive care units, emergency rooms, etc.

Leading patient temperature management system manufacturers are also focusing on exclusive distribution agreements and collaborations to expand their business scope across the world while gaining a competitive edge over other market players.

• In June 2021, ZOLL Medical Corporation, a leading medical device manufacturer, and Global Healthcare SG, a developer of body cooling solutions announced the signing of an exclusive distribution agreement. Through this agreement, ZOLL acquired the rights to exclusively distribute CarbonCool Full Body Suit and Comfort Suit in APAC countries.

Patient Temperature Management Systems Industry Research Segmentation

• By Product Type :

  • Conventional Warming Systems
  • Surface Warming Systems
  • Intravascular Warming Systems
  • Conventional Cooling Systems
  • Surface Cooling Systems
  • Intravascular Cooling Systems

• By Application :

  • Preoperative Care
  • Emergency Care
  • Neonatal Care
  • Acute Care
  • Others

• By End User :

  • Hospitals
  • Ambulatory Surgical Centers
  • Neonatal Care Units
  • Specialized Clinics

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA