The Global Temperature Management (Therapeutic Hypothermia) Market is expected to grow at a CAGR of 3.5% during the forecasting period (2020-2027). Therapeutic hypothermia, also known as targeted temperature management or protective hypothermia, is a reduction of body temperature, from 32 °C to 34 °C for faster recovery. Therapeutic hypothermia is crucial in the treatment of cardiovascular conditions like cardiac arrests and myocardial infarction. It improves neurological functioning after resuscitation from cardiac arrest. 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 normal desired core body temperature. The implementation of a patient temperature management system leads to a reduction in surgical site infections, reduction in the length of hospital stays, which contributes to reducing treatment costs.
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 region, many key players are expanding their market. The advancements in technologies favored by enough funding in R&D are also contributing to the growth of the market.
Visualize the composition of the Temperature Management Market across each indication, regarding material and application, highlighting the critical commercial assets and players.
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