Patient Temperature Management System Market Size, Share, Industry, Forecast and outlook (2024-2031)

Patient Temperature Management System Market is segmented By Type (Patient Warming system (Intravascular Convection Warming System, Surface Conduction Warming System, Conventional Warming System), By Patient Cooling system (Intravascular Convection Warming System, Surface Conduction Warming System, Conventional Warming System)), By Application (Surgery, Pediatrics, Neurology, Cardiology), By End-User (Operating Rooms, ICUs, Emergency Rooms), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

Patient Temperature Management System Market is expected to grow at a CAGR of 10% during the forecast period (2024-2031). 

Temperature management products aid in the regulation and maintenance of normal body temperature in operating rooms, recovery rooms, intensive care units, and other areas of hospitals throughout the world. Global patient temperature management is growing mainly due to an increase in surgical treatments globally. In addition, the rising clinical incidents, namely cardiac arrest, strokes, and other surgical procedures, where temperature management is an essential part of providing care to patients for achieving positive patient outcomes are also driving the patient temperature management system market. 

Temperature management involves heating or cooling to maintain a normal core body temperature. The basic procedure includes intentional hypothermia(condition of low body temperature), rewarming from hypothermia, or maintaining a normal desired core body temperature. The temperature management system is used during treatment for severe clinical outcomes, which include infections, death, myocardial complications, and cognitive functions. The implementation of a patient temperature management system leads to a reduction in surgical site infections, a reduction in the length of hospital stays, which contributes to reducing treatment costs.

Patient Temperature Management System Market Scope

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Market Dynamics

The rising number of clinical incidents is driving the demand for patient temperature management systems. There has been a tremendous increase in surgical treatments, which require maintaining core body temperature. The application of anesthesia causes a drop in body temperature, which warrants a temperature management system that stops further intraoperative hypothermia. 

Increasing cases of cardiac diseases and incidents of stroke also contribute to the high demand for the implementation of patient temperature management systems. The multiplication of cancer cells owing to the drop in body temperature is another concern that needs to be countered using patient warming systems which are administrated along with chemotherapy. Hence, the implementation of patient temperature management systems, which are demanded by the increasing medical requirements drives the growth of global patient temperature management system market. The reduction in the cost of treatment and complications of surgical treatments brought by the implementation of a temperature management system also leads to high adoption, hence contributing to market growth.

In addition, the advancements in technologies, which lead to new and cost-effective products in the market are also driving the growth of the patient temperature management system market globally. For instance, in January 2017, Stryker launched Altrix™, a next-generation precision temperature management system that can be used in all clinical settings. 

Even though the benefits of patient temperature management systems are recognized, the underuse and incomplete implementation create substantial unmet clinical needs for temperature management, which restrains the growth of the market.

Market Segmentation Analysis 

By type, the global patient temperature management system market is segmented into patient warming systems and patient cooling systems. Among these, patient warming systems are dominating the market during the forecast period, owing to the increasing demand for surgical treatments. Hypothermia, state of the drop in body core temperature, which happens on the administration of anesthesia needs to be countered with adequate patient warming systems. Before surgery, the patient’s body needs to be prewarmed to reduce the risk of perioperative hypothermia. There was a threefold increase in the frequency of surgical site infections reported in colorectal surgery patients who experience perioperative hypothermia during 2000-10 in the US, which increased the demand for proper patient management systems. 

Patient cooling system market is expected to have a lucrative growth during the estimated period. The rising number of cardiac surgeries and the requirement of low temperature for eliminating the adverse neurologic outcomes and related brain trauma injuries necessitate proper patient cooling solutions. 

Based on application, patient temperature management systems market is segmented into surgery, pediatrics, neurology, cardiology, and others. Among these, surgery holds the largest market share during the forecast period. The necessity of proper patient temperature management, which will avoid undesired clinical outcomes caused by core body temperature instability justifies the large market share of surgery. Cardiology segment will have lucrative growth during the forecast period (2019-2026) due to increasing cardiac patients. According to the CDC( Centre for Disease Control and prevention ), every year, about 735,000 Americans have a heart attack with a rate of rising of nearly 350%. 

Based on end-users, the market is segmented into Operating Room, ICU (Intensive care unit ), Emergency Rooms, and others. Operating Room segment has the largest market share in 2018, and is expected to have tremendous growth during the forecast period (2019-2026). The reduction in surgical complications by maintaining the body temperature during various surgical procedures, which include anesthesia administration makes the temperature management system inevitable. 

Market Geographical Share

The North-America accounted for highest market share in 2018 and is estimated to remain dominant over the forecast period due to the well-developed medical infrastructure, and current reimbursement policies favor new technologies, which in turn contributes to the growing market of patient temperature management systems.

The prevalence of cardiac cancer patients demands the implementation of adequate patient temperature monitoring, which also contributes to the patient temperature system market share. For instance, in 2018, the prevalence of cardiovascular disease was about 48%, and nearly 121.5 million adults in the US have shown a significant increase from the past year and is expected to increase further over the forecast period (2019-2026).

The Asia-Pacific region is growing at the highest CAGR during the forecast period (2019-2026), due to growing demand for new medical treatments to provide a conducive environment for patient temperature management systems. In addition, the large patient population with growing health consciousness and increase in surgeries contributes to the growth of patient temperature management system market in this region. For instance, according to DME (Directorate of Medical Education), there has been an increase of 40.4% in total surgeries in India from 2013 to 2017.

Market Key Players and Competitive Analysis

The market is witnessing high competition with the entry of new players. Key players are adopting some key strategies like mergers, acquisitions, new product development and launches, and regional expansions. With the increasing demand for new medical technologies in the APAC region, many key players are expanding their market to Asian economies such as India and China. 

Some of the major players in the market are Cincinnati Sub-Zero Products, LLC( a subsidiary of Geotherm), Stryker Corporation, Bard Medical, Inc., ZOLL Medical Corporation, Medtronic, Inc, 3M Company, Geratherm Medical AG, The 37Company, Medtronic Plc, Inditherm Plc (Inspiration Healthcare), Smiths Medical, Inc., and Atom Medical Corporation

The advancements in technologies favored by enough funding in R&D are also contributing to the growth of the market. For instance, 

In January 2019, Medtronic entered into a definitive agreement to acquire EPIX Therapeutics, a company that manufacturers a temperature-controlled cardiac ablation system to treat patients with cardiac arrhythmias such as atrial fibrillation. 

In March 2019, Smiths Medical introduced a new Level 1 high-flow convective warmer, which is a quiet, simple, and safe thermal-care solution for keeping patients in normothermia through every stage of surgery.

In 2018, Advanced Cooling Therapy (ACT) had received CE mark approval for the use of their Esophageal Cooling Device (ECD) with the Altrix Precision Temperature Management System by Stryker®, which is considered to be a breakthrough advancement in Patient Temperature management system market

Report Key takeaways

• Rising prevalence of cardiac patients and growing surgery requirements are some of the major driving factors. Advancements in technologies also contribute to more implementation of temperature management systems. However, underuse and incomplete implementation are some of the major factors hindering the growth of the market.

• By application, the surgery segment holds the major share of the patient temperature management systems market due to high demand for patient management systems in surgeries to reduce surgical complications. 

• The dominance of North- America region in patient temperature management systems market is due to the well-developed medical infrastructure, and growing requirement of patient temperature stabilization which is needed avoid clinical health outcomes such as mortality, Infection, etc.

• New product launches, mergers, business expansion, and acquisitions are some of the key strategies adopted by major players, leading to the growth of the patient temperature management system market globally. For instance, in 2018, Advanced Cooling Therapy (ACT) had received CE mark approval for the use of their Esophageal Cooling Device (ECD) with the Altrix Precision Temperature Management System by Stryker®, which is considered to be a breakthrough advancement in Patient Temperature management system market