The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s temperature management market report forecasts the temperature management market size to grow to $3.17 Billion by 2027, with a CAGR (compound annual growth rate) of more than 2%.

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Temperature Management Market Size Forecast
The global temperature management market is expected to grow from $2.75 billion in 2022 to $2.84 billion in 2023 at a compound annual growth rate (CAGR) of 3.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The temperature management market is expected to grow from $3.17 billion in 2027 at a CAGR of 2.8%.

North America held the largest temperature management market share.

Key Temperature Management Market Driver ­– Rise In The Prevalence Of Chronic Diseases
For instance, in 2020, Cancer was the leading cause of death accounting for nearly 10 million deaths worldwide. A decrease in temperature increases the inflammation or multiplying of cancer cells in patients. It also acts as a predictor of death for critically ill cancer patients. Hyperthermia, a type of treatment that uses a high temperature, is therefore used for treating cancer patients. Therefore, maintaining temperature for patients with chronic diseases helps in decreasing the infection and saving lives which in turn drives the temperature management market.

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Key Temperature Management Market Trend – Evolving Wearables At A Rapid Pace
Wearables are evolving at a rapid pace and are expected to be the new trend in the temperature management system market. Heat due to power consumption causes both circuit malfunctions and low-temperature burns to users. Therefore, researchers are proposing thermal management methods using wearable devices with higher performance. A wearable device is a patch that controls the temperature of the patient’s body as per the wearer’s preference. For instance, the company Embr Labs has released a watch or bracelet called Embr Wave that makes the person feel warmer or cooler based on his preference, thereby acting as a personal thermostat.

Temperature Management Market Segment
1) By Product: Patient Warming Devices, Patient Cooling Devices
2) By Application: Surgery, Cardiology, Pediatrics, Neurology, Orthopedic Surgery, Other Applications
3) By End-Use: Operating Room, Neonatal ICU, Emergency Room, ICUs, Other End-Uses

Temperature Management Market Major Players and Strategies
Major players in the temperature management market are 3M Company, Becton, Dickinson and Company, Draegerwerk AG & Co. KGaA, Smiths Medical, Stryker Corporation, The 37company (The Surgical Company), Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation), C. R. Bard, Mennen Medical, and Medtronic (COVIDien).

The Temperature Management Global Market Report 2023 covers regional data on temperature management market size, temperature management market trends and drivers, opportunities, strategies, and temperature management market competitor analysis. The countries covered in the temperature management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The temperature management control and maintain specific body temperature through external warming or cooling for a specific duration. The temperature management devices are used in operation theatres during surgeries, ICU, blood warming, and in other chronic conditions such as cardiac ailments, neurological disorders, and cancer.

View More Reports Related To The Temperature Management Market –
Temperature Monitoring Devices Global Market Report 2023
Temperature Sensor Global Market Report 2023
Weight Monitoring And Body Temperature Monitoring Devices And Equipment Global Market Report 2023

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