Targeted Temperature management (Therapeutic Hypothermia) Market Size, Share, Industry, Forecast and Outlook (2023-2030)

The targeted temperature management market is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030, reaching a market size of USD 5.53 billion by 2030.

The increasing number of surgical procedures, growing geriatric population, rising incidence of cardiovascular diseases, and technological advancements in temperature management devices are the key drivers of the market growth.

The market is segmented by technique type (invasive vs. non-invasive), device type, application (neurology, cardiovascular, sepsis, etc.), end-user (hospitals, clinics), and region.

Some of the major players in the market include Smiths Medical, Medtronic, Stryker, 3M Health Care, Qool Therapeutics, Seiratherm GmbH, ZOLL Medical, and Cincinnati Sub-Zero.