The global temperature management systems market is expected to witness significant growth in the coming years. Temperature management systems are used in a variety of applications, such as medical, industrial, and food storage. Temperature management systems help to maintain a desired temperature range in the environment. They are used to control conditions such as humidity, temperature, and air quality.
The report "Temperature Management Systems Market by Product (Warming Systems (Surface Warming), Cooling Systems), Application (Perioperative Care, Acute Care, Newborn Care), Medical Speciality(Cardiology, Neurology, Paediatrics, Orthopaedic) - Global Forecast to 2026", is projected to reach USD 3.3 billion by 2026 from USD 2.7 billion in 2021, at a CAGR of 3.6% during the forecast period.
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The increasing demand for temperature management systems in the medical sector is the major driver for the market growth. Medical temperature management systems are used to maintain the temperature in operating rooms, patient care areas, and other medical facilities. These systems are used to regulate the temperature of instruments and equipment used in medical procedures.
Moreover, the growing demand for temperature management systems in the industrial sector is also contributing to market growth. The rising demand for industrial temperature management systems is due to the growing need for efficient temperature control in various industrial processes. Temperature management systems are used in various industrial applications such as welding, soldering, and die-casting.
Furthermore, the growing demand for temperature management systems in the food storage sector is expected to drive the market. Temperature management systems help to maintain the temperature in food storage facilities, which helps to prolong the shelf life of food products. This is driving the demand for temperature management systems in the food storage sector.
The rising demand for energy-efficient temperature management systems is also contributing to market growth. These systems help to reduce energy costs by providing temperature control and reducing energy consumption.
In addition, the increasing investments in research and development activities are expected to further boost market growth. Various manufacturers are investing in research and development activities to develop advanced temperature management systems. These investments are expected to drive the market in the coming years.
Overall, the growing demand for temperature management systems across various sectors is expected to drive the global temperature management systems market in the coming years.
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The major players operating in this market are:
3M Company (US), Medtronic (Ireland), Smiths Medical (US), Stryker (US), ZOLL Medical (a subsidiary of Asahi Kasei) (Japan), BD Company (US), Drägerwerk (Germany), Baxter (US), Ecolab (US), GE Healthcare (US), Inspiration Healthcare Group plc (UK), and Encompass Group (UK).
This research report categorizes the temperature management systems market into the following segments and subsegments:
- Patient Warming System
- Surface Warming Systems
- Connective Warming Systems
- Conductive warming systems
- Intravascular Warming Systems
- Warming Accessories
- Patient Cooling System
- Surface Cooling Systems
- Connective Cooling Systems
- Conductive Cooling systems
- Intravascular Cooling Systems
- Cooling Accessories
By Medical specialty
- General Surgery
- Thoracic Surgery
- Orthopedic Surgery
- Other Medical Specialties
- Perioperative Care
- Operating Rooms
- Postoperative Care Units
- Preoperative Care Units
- Acute Care
- Intensive Care Units
- Emergency Rooms
- Coronary Care Units
- Burn Centers
- Neurological Care Units
- Cath Labs
- Newborn Care
- Delivery Suites
- Neonatal Intensive Care Units
- Postnatal Wards
- Other Applications
- North America, Europe, APAC, MEA, and Latin America
Asia Pacific to grow at the highest CAGR of the temperature management systems market
The temperature management systems market is divided into four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2020, North America accounted for the largest share of this market, followed by Europe. The market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. This is primarily attributed to factors such as the growing demand for aesthetic and medical surgeries, rising incidence of cardiac arrests and CNS disorders, government efforts to increase access to elective surgeries, and improving healthcare infrastructures.
Temperature Management Systems Market Recent developments:
- In 2021, ZOLL Medical Corporation (Japan)and Global Healthcare SG Sign exclusive agreement for distribution of portable targeted temperature management system in Asia Pacific.
- In 2021, The Surgical company announced an agreement with Next Level Development TSC-PTM develops, produces and globally distributes specialist medical equipment for the prevention of hypothermia and the warming of patients undergoing surgery.
Related Report Study:
Patient Monitoring Devices Market
Anesthesia Monitoring Devices market
Temperature Management Systems Market
Temperature Monitoring Systems Market
Intravascular Temperature Management Market
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