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  • Published On : Jul 2022
  • Code : CMI1875
  • Industry : Medical Devices
  • Pages : 168
  • Formats :

Patient temperature management systems are used to help patients stay normothermic before, during, and after surgery. In the case of patients receiving general or local anesthesia and whose body temperature fluctuates, which could be life-threating, medical professionals use patient temperature management systems to avoid such circumstances. Novel product launches and the increasing number of surgeries are increasing the demand for patient temperature management systems, thus driving the growth of the global patient temperature management systems market.

The global patient temperature management systems market is estimated to be valued at US$ 2,893.5 million in 2022 and is expected to exhibit a CAGR of 2.6% during the forecast period (2022-2030).

Figure 1. Global Patient Temperature Management Systems Market Share (%), by Product Type, 2022

Patient Temperature Management Systems  | Coherent Market Insights

Increasing product launches by market players is expected to drive the growth of the global patient temperature management systems market.

The increasing product launches by market players is expected to drive the growth of the global patient temperature management systems market over the forecast market. On October 15, 2020, Gentherm, a global market leader and developer of thermal management technologies, had announced the launch of ASTOPADTM Patient Warming System in the U.S. ASTOPAD system can be utilized in all surgical procedures and helps prevent and treat hypothermia in patients throughout the perioperative journey.

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Patient Temperature Management Systems Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 2,893.5 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 2.6% 2030 Value Projection: US$ 3,548.4 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Patient Warming Systems (Conventional Warming Systems, Surface Warming Systems, Intravascular Warming Systems), Patient Cooling Systems (Conventional Cooling Systems, Surface Cooling Systems, Intravascular Cooling Systems)
  • By Application: General Surgery, Cardiology, Neurology, Pediatrics, Others
  • By End User: Hospitals, Ambulatory Surgical Center, Specialty Clinics, Others
Companies covered:

3M Company, Cincinnati Sub-Zero Products, LLC, C.R. Bard, Inc., Zoll Medical Corporation, Smith Medicals, Stryker Corporation, Medtronic plc, Ecolab, and The Surgical Company

Growth Drivers:
  • Increasing product launches by market players
  • Increasing inorganic activities such as agreement among market players
Restraints & Challenges:
  • Product recall by regulatory authorities

Figure 2. Global Patient Temperature Management Systems Market Share (%), by Region, 2022

Patient Temperature Management Systems  | Coherent Market Insights

Increasing inorganic activities such as agreement among market players are expected to drive the market growth.

Increasing inorganic activities such as agreement among market players are expected to drive the market growth over the forecast period. For instance, on June 1, 2021, ZOLL Medical Corporation, a company that manufactures medical devices and related software solutions, and Global Healthcare SG, a developer of portable body cooling solutions, had announced the exclusive distribution agreement. As part of the agreement, ZOLL has exclusive rights to distribute CarbonCool Full Body Suit and Comfort Suit in Asia-Pacific countries. CarbonCool Full Body Suit can be deployed quickly and easily for the treatment of heat stroke. It can be adjusted to most body shapes and sizes.

Global Patient Temperature Management Systems Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency on January 30, 2020.

The COVID-19 can affect the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with regard to the transportation of drugs from one place to another.

The COVID-19 pandemic also had a negative impact on the global patient temperature management systems market. Due to COVID-19 pandemic, many cities were closed causing cancellation of treatments and doctor’s appointment. . Patients with serious medical problems such cardiovascular, general surgical, musculoskeletal, obstetrics and gynecological, and vascular need to physically separate from others, although delays in the treatment of such chronic diseases are upsetting. The decreased demand for temperature management systems therefore restrains market expansion even though the manufacturing and supply chain models of the industrial organizations have been disrupted.

Global Patient Temperature Management Systems Market: Key Developments

On August 23, 2021, ZOLL Medical Corporation, a company that manufactures medical devices and related software solutions, and Wallaby Medical Technologies, a medical device company dedicated to treating stroke, announced a distribution agreement whereby Wallaby will manage the sales and distribution of ZOLL's temperature management products in China.

Global Patient Temperature Management Systems Market: Restraint

Product recall by regulatory authorities is expected to hamper the growth of the global patient temperature management systems market over the forecast period. For instance, on July 24, 2018, the U.S. Food and Drug Administration (FDA) issued a notice to recall Arctic Sun Temperature Management System, Model 5000. Arctic Sun 5000 model is a non-invasive, thermal regulating system, indicated for monitoring and controlling the patient temperature in adult and pediatric patients of all ages.

Key Players

Major players operating in the global patient temperature management systems market include 3M Company, Cincinnati Sub-Zero Products, LLC, C.R. Bard, Inc., Zoll Medical Corporation, Smith Medicals, Stryker Corporation, Medtronic plc, Ecolab, and The Surgical Company.

Temperature is one of the vital signs signifying the well-being of a person, for which the medical society recommends monitoring and management as a part of standard care therapy for patients undergoing surgery due to critical illness. Patient temperature management systems are used in preoperative warming, operating and surgery rooms, post-operating warming, critical care units, intensive care units, chemotherapy, and emergency medical services. Increasing product approvals by regulatory authorities are one of the key factors augmenting the market growth.

Market Dynamics

The global patient temperature management systems market is projected to witness significant growth over the forecast period, owing to increasing inorganic activities such as agreements by market players and new entrants in the patient temperature management systems market. For instance, on August 16, 2021, RenalSense, an Israel-based company specializing in real-time renal diagnostics, had announced a distribution agreement with Gloryway, a leading distributor of medical devices for anesthesia, airway management, temperature management, and patient monitoring in Mainland China. Gloryway will manufacture and market RenalSense's Clarity RMS critical care monitoring system to hospitals throughout Mainland China.

Furthermore, According to the factsheet Heart Disease and Stroke Statistic 2019 from the Centers for Disease Control and Prevention (CDC), 18.2 million adults in the U.S. currently have or have previously had a form of cardiovascular disease or a stroke. This high patient population undergoes cardiac surgery and has a high adoption rate for cutting-edge products. Nearly 805,000 Americans have experienced a heart attack.

Key features of the study:

  • This report provides an in-depth analysis of the global patient temperature management systems market, market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global patient temperature management systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include 3M Company, Cincinnati Sub-Zero Products, LLC, C.R. Bard, Inc., Zoll Medical Corporation, Smith Medicals, Stryker Corporation, Medtronic plc, Ecolab and The Surgical Company
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global patient temperature management systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global patient temperature management systems market

Detailed Segmentation:

  • Global Patient Temperature Management Systems Market, By Product Type:
    • Patient Warming Systems
      • Conventional Warming Systems
      • Surface Warming Systems
      • Intravascular Warming Systems
    • Patient Cooling Systems
      • Conventional Cooling Systems
      • Surface Cooling Systems
      • Intravascular Cooling Systems
  • Global Patient Temperature Management Systems Market, By Application:
    • General Surgery
    • Cardiology
    • Neurology
    • Pediatrics
    • Others
  • Global Patient Temperature Management Systems Market, By End User:
    • Hospitals
    • Ambulatory Surgical Center
    • Specialty Clinics
    • Others
  • Global Patient Temperature Management Systems Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • 3M Company*
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Cincinnati Sub-Zero Products, LLC
    • R. Bard, Inc.
    • Zoll Medical Corporation
    • Smith Medicals
    • Stryker Corporation
    • Medtronic plc
    • Ecolab
    • The Surgical Company

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global patient temperature management systems market size is estimated to be valued at US$ 2,893.5 million in 2022 and is expected to exhibit a CAGR of 2.6% between 2022 and 2030.
Increasing product launches by market players and increasing inorganic activities such as agreement among market players are major factors driving the market growth.
Patient Warming Systems is the leading product type segment in the market.
The major factors hampering the growth of the market include a product recall by regulatory authorities
Major players operating in the market include 3M Company, Cincinnati Sub-Zero Products, LLC, C.R. Bard, Inc., Zoll Medical Corporation, Smith Medicals, Stryker Corporation, Medtronic plc, Ecolab, and The Surgical Company.

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