Temperature Management (Therapeutic Hypothermia) Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMD2220 | Last Updated On: Nov 01 2022 | Available Formats

> Global Temperature Management (Therapeutic Hypothermia) Market Expected to reach a high CAGR of ~3.5% By 2028: DataM Intelligence

Global Temperature Management (Therapeutic Hypothermia) Market is segmented By Technique Type (Non-invasive, Invasive), By Device Type (Cooling catheters, Water blankets, Cool caps, Others), By Application (Neurology, Cardiology, Neonatal care, Orthopaedics, Others), By End User (Hospitals, Emergency units, Ambulatory surgical centers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global "Temperature Management (Therapeutic Hypothermia) Market" is expected to grow at a CAGR of 3.5% during the forecasting period (2022-2029).

Temperature Management (Therapeutic Hypothermia) Market Scope

Metrics

Details

Market CAGR

3.5%

Segments Covered

By Technique Type, By Device Type, By Application and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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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.

For instance,

  • 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 the Patient Temperature management system market.
  • In January 2017, Stryker launched AltrixTM, a next-generation precision temperature management system that can be used in all clinical settings.

Why Purchase the Report?

  • Visualize the composition of the Temperature Management Market across each indication, regarding material and application, highlighting the critical commercial assets and players.

  • Identify business opportunities in the Temperature Management Market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points from the Temperature Management Market-level 4/5 segmentation.

  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

  • Product mapping in excel for the principal products of all major market players.

Who can benefit from this report?

  • Equipment Suppliers/ Buyers
  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Frequently Asked Questions

What is the Projected CAGR value of the Temperature Management (Therapeutic Hypothermia) Market?

Temperature Management (Therapeutic Hypothermia) Market is expected to grow at a CAGR of 3.5% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Temperature Management (Therapeutic Hypothermia) Markett during 2022-2029.

Which is the fastest growing region in the Temperature Management (Therapeutic Hypothermia) Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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