Temperature Management Global Market To Reach Value Of About $3 Billion In 2025

3 Dec, 2021

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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. 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.

Global Temperature Management Market Size And Drivers:

The global temperature management market is expected to grow from $2.15 billion in 2020 to $2.36 billion in 2021 at a compound annual growth rate (CAGR) of 9.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The temperature management market is expected to reach $2.75 billion in 2025 at a CAGR of 4%. A rise in the prevalence of chronic diseases is expected to drive the temperature management market.

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Trends In The Global 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. 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.

Global Temperature Management Market Segments:
The global temperature management market is further segmented –
By Product: Patient Warming Devices, Patient Cooling Devices
By Application: Surgery, Cardiology, Pediatrics, Neurology, Orthopedic Surgery, Others
By End-Use: Operating Room, Neonatal ICU, Emergency Room, ICUs, Others
By Geography: The global temperature management market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Temperature Management Market At:

https://www.thebusinessresearchcompany.com/report/temperature-management-market-global-report-2020-30-covid-19-growth-and-change

Temperature Management Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides temperature management market overviews, analyzes and forecasts market size and growth for the global temperature management market, temperature management market share, temperature management market players, temperature management market segments and geographies, temperature management market’s leading competitors’ revenues, profiles and market shares. The temperature management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.