Global Temperature Management Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Temperature Management Market Report by The Business Research Company covers temperature management market drivers and restraints, temperature management market size, major players, and the impact of COVID-19 on the temperature management market.
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.
A rise in the prevalence of chronic diseases is expected to drive the temperature management market.
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%.
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Some temperature management market trends include wearables evolving at a rapid pace. 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.
Global temperature management market segments include:
1) By Product: Patient Warming Devices, Patient Cooling Devices.
2) By Application: Surgery, Cardiology, Pediatrics, Neurology, Orthopedic Surgery, Others.
3) By End-use: Operating Room, Neonatal ICU, Emergency Room, ICUs, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Temperature Management Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides temperature management market overviews, analyzes and forecasts market size, share, temperature management market players, temperature management market segments and geographies, 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.
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Read Temperature Management Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: 3M Company, Becton Dickinson and Company, Draegerwerk AG & Co. KGaA, Smiths Medical, Stryker Corporation, The 37company (The Surgical Company), Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation), C. R. Bard, Mennen Medical, Medtronic (Covidien), The 37Company, Belmont Instruments, EMBRlabs.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Temperature Management Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Temperature Management Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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