Global Temperature Management Market: Overview
Temperature management is a treatment carried out on the patient to maintain proper body temperature for a specific duration in operating theaters, intensive care units, recovery rooms, and other areas of hospitals. This treatment is helpful in improving health conditions of patients and reducing the chance of tissue injuries occurring owing to the lack of blood flow in the body. This treatment is also known as thermal management systems to transfer heat to maintain proper temperature of a system. Temperature management is an active treatment carried out on the patient for a specific period when blood flow to the brain is poor.
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Global Temperature Management Market: Growth Factors
Technological advancements in intravascular systems and growth in aging population are expected to foster the global temperature management market growth in the near future. Moreover, market players are focusing on the expansion of the market and technological advancements may create new growth opportunities in future. Additionally, increasing prevalence of nervous system disorders & cardiac arrest creates the need for temperature management systems globally. Major competitors are adopting various strategies such as mergers & acquisitions, joint ventures, collaborations, partnerships, expansions, and others for potential growth in the global market. These treatments and surgeries are available at low-cost globally, and hence positively impact the global temperature management market. Growth in healthcare facilities and favorable reimbursement scenarios has helped the global market to grow. Furthermore, increasing prevalence of cardiovascular diseases and rising geriatric population also fuels the global temperature management market. Conversely, high costs associated with intravascular temperature management systems may restrain the global market growth.
Global Temperature Management Market: Segmentation
The global temperature management market is categorized based on the application as a delivery suite, acute and perioperative care. Based on end-user, the global market is classified as nursing and paramedical staff, surgeon and anesthesiologist. The global market is fragmented on the basis of the product as intravascular cooling systems, surface cooling systems, surface warming systems, and intravascular warming systems.
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Global Temperature Management Market: Regional Analysis
North America is the leading region in the global temperature management market owing to higher demand for temperature management technique. Technological advancements in intravascular systems in this region may foster the global market growth. Europe is considered as the second largest market across the globe; it also holds lucrative growth opportunities in coming future. The Middle East, Latin America, and South East Asia are other niche markets for temperature management owing to the development of healthcare systems in these regions. Asia Pacific is another region that provides lucrative growth opportunities in temperature management and market expansion. India and China are anticipated to show significant growth in the next few years owing to favorable government initiatives.
Global Temperature Management Market: Competitive Players
Major players in the global temperature management market are Covidien PLC, Zoll Medical Corporation, Inditherm PLC, Cincinnati Sub-Zero Products Inc., C.R. Bard Inc., and 3M Company. Other players influencing the global market are Philips Healthcare, Smiths Medical, Geratherm Medical AG, and Stryker Corporation.
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Global Temperature Management Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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