Temperature Modulation Devices Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
Get 15% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.
What key factors are powering the surge in the temperature modulation devices market right now?
The market for temperature modulation devices has experienced substantial growth in the past few years. Expected to inflate from $3.19 billion in 2024 to $3.51 billion in 2025, it boasts a compound annual growth rate (CAGR) of 9.9%. Factors contributing to its growth during the historic era include heightened industrialization, increased demand in healthcare, surging requirements in agriculture, the expansion of scientific research, and evolving environmental concerns.
How fast Is the temperature modulation devices market expected to grow, and what’s its future value?
The temperature modulation devices market size is expected to see strong growth in the next few years. It will grow to $5.04 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to expanding urbanization, increasing climate change impacts, growing demand for energy efficiency, advancing digitalization and IoT integration, and rising healthcare and pharmaceutical innovations. Major trends in the forecast period include smart and connected systems, renewable energy integration, precision temperature control, modular and scalable designs, and predictive maintenance solutions.
Get your temperature modulation devices market report here!
What are the leading drivers of growth in the temperature modulation devices market?
The surge in surgical procedures is anticipated to drive the growth of the temperature modulation devices market. Surgical procedures involve medical interventions that require incisions or manipulation of tissues to diagnose, treat, or manage health conditions. Enhanced access to healthcare services has led to a rise in these procedures, aided by healthcare infrastructure advancements, improved healthcare funding, and the establishment of new healthcare facilities, allowing more patients to access crucial surgical care. Temperature modulation devices are used during these procedures to maintain the body temperature within range, thus preventing hypothermia or hyperthermia and ensuring both patient safety and comfort. For example, there was a significant growth in cosmetic surgical procedures as reported by the British Association of Aesthetic Plastic Surgeons, a UK-based NGO, in March 2023. The total procedures reached 31,057 in 2022, indicating a remarkable 102% increase from 2021. Consequently, the rise in surgical procedures is stimulating the expansion of the temperature modulation devices market.
What are the key segments defining the temperature modulation devices market?
The temperature modulation devices market covered in this report is segmented –
1) By Product: Portable Blood Or IV Fluid Warmers, Conductive Patient Warming Systems, Convective Patient Warming Systems, Conductive Patient Cooling Systems, Other Products
2) By Application: Perioperative Care, Acute Care, Coronary Care, Newborn Care, Other Applications
3) By End Use: Hospitals, Diagnostic Laboratories, Ambulatory Surgical Centers, Other End User
Subsegments:
1) By Portable Blood Or Iv Fluid Warmers: Battery-Powered Warmers, Rechargeable Warmers
2) By Conductive Patient Warming Systems: Warming Blankets, Warming Pads
3) By Convective Patient Warming Systems: Forced Air Warming Systems, Convection Warming Blankets
4) By Conductive Patient Cooling Systems: Cooling Pads, Cooling Blankets
5) By Other Products: Temperature Monitoring Devices, Intravenous (Iv) Fluid Cooling Systems
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15681&type=smp
Who are the key firms paving the way for growth in the temperature modulation devices market?
Major companies operating in the temperature modulation devices market are Thermo Fisher Scientific Inc., Medtronic plc, ABB Group, FUJIFILM Holdings Corporation, Kimberly-Clark Corporation, Becton Dickinson and Company, Stryker Corporation, Baxter Laboratories Inc., Analog Devices Inc., Shimadzu Corporation, Smiths Group, Drägerwerk AG & Co KGaA, ICU Medical Inc., Masimo Corporation, ZOLL Medical Corporation, Gentherm Medical LLC, Cincinnati Sub-Zero (CSZ) Products LLC, Soma Technology Inc., Belmont Medical Technologies, The Surgical Company, BrainCool AB, Minnesota Mining and Manufacturing Company, Hirtz & Co. KG, EMIT Corporation, Keewell Medical Technology Co Ltd
What are the key trends shaping the future of the temperature modulation devices market?
In the temperature modulation devices market, key players are concentrating on introducing advanced technologies to deliver unique features like waveform digitization functions. This enhances the accuracy and efficiency of temperature control in clinical environments, thus boosting patient outcomes and operational effectiveness. The process of waveform digitization transforms continuous analog signals into digital ones for precise tracking and control of temperature modulation across industries. To illustrate, in March 2024, Omron Corporation, an electrical equipment manufacturer based in Japan, unveiled the OMRON NX-HTC. This innovative temperature controller advances machine status analysis by improving monitoring and regulation abilities. The NX-HTC incorporates a special waveform digitization function that permits users to record and scrutinize temperature patterns with utmost precision. It’s also equipped with superior analytics capabilities, providing real-time tracking and analysis of machine status. This paves the way for preemptive maintenance, heightened efficiency, and minimized downtime. The NX-HTC also ensures steady automatic control against possible temperature fluctuations, such as those induced by outdoor air intrusion when doors are opened and closed. By reducing the waiting period until temperature stability is achieved, it aids in quality enhancement and production capacity increment. This device supports temperature measurements ranging from -50 to 500°C and -50 to 1,000°C types.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15681
What regions are dominating the temperature modulation devices market growth?
North America was the largest region in the temperature modulation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the temperature modulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Through More Similar Reports By The Business Research Company:
Low Temperature Powder Coatings Global Market Report 2024
Weight Monitoring And Body Temperature Monitoring Devices And Equipment Global Market Report 2024
Patient Temperature Monitoring Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
