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The temperature management market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 2%, as per The Business Research Company’s market report!

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The Temperature Management Market Size In 2022 And Forecast
The global temperature management market is expected to reach from $2.65 billion in 2021 to $2.75 billion in 2022 at a compound annual growth rate (CAGR) of 3.6%. 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, affecting many markets across the globe. The temperature management market is expected to grow to $3.02 billion in 2026 at a CAGR of 2.4%.

The temperature management market consists of sales of products or devices used to control and maintain specific body temperature through external warming or cooling for a specific duration.

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Rise In The Prevalence Of Chronic Diseases Is Driving The Growth Of The Temperature Management Market
For instance, in 2019, 1,762,450 new cancer cases and 606,880 cancer deaths are predicted to occur in the US. 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.

Competitive Landscape And The Regional Analysis Of The Temperature Management Market
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 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the temperature management market.

Wearables – A Key Trend In The Temperature Management Market
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.

Temperature Management Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The Temperature Management Market –

Temperature Monitoring Devices Global Market Report 2022

Weight Monitoring And Body Temperature Monitoring Devices And Equipment Global Market Report 2022

Patient Blood Management Global Market Report 2022

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