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Market Analysis: Temperature Management Market Stays Hot

Temperature management solutions are used to maintain a normal body temperature for patients during surgical procedures.

Patient warming and cooling devices offer several benefits such as reducing loss of blood during surgeries, lowering the risks of neurological disorders post cardiac arrests, rapid recovery after surgeries, and decreasing risks of SSIs.

These benefits in turn can reduce a patient’s stay at a hospital and therefore lower health care costs. Another benefit is a significantly lower rate of readmissions.

The patient temperature management market is expected to see continued growth over the next five years, according to a ReportLinker summary of the Inkwood Research report “Global Patient Temperature Management Market By Enduser Forecast 2016-2022.”

“The patient temperature management market was valued at $1.97 billion in 2015 and is expected to reach $3.19 billion by 2022, growing at a CAGR (compound annual growth rate) of 7.1 percent during the forecast period 2016-2022,” according to ReportLinker. “The patient warming systems market accounted for a large share and is expected to witness the highest growth during the forecast period of 2016-2022.”

The market for the temperature management market is driven, in part, by a rapid rise in the number of health care organizations adopting temperature management systems in multiple clinical applications and settings for the benefits of patients, according to the release.

“With emerging health organizations and hospitals implementing patient warming devices, enormous market growth can be predicted,” according to ReportLinker. “Some of the other reasons for the growth of patient temperature management market are rise in incidences of nervous system and cardiovascular disorders, technological enhancements, development of mobile devices, enhanced health care infrastructure and conferences or symposiums on patient temperature management.”

“The patient temperature management market can be categorized on the basis of application areas such as acute care, newborn care, perioperative care, and others,” according to ReportLinker. “The rise in number of health care organizations setting up standards or guidelines for the use of temperature management systems in maintaining normothemia during neurological and cardiac surgeries is likely to accelerate the growth of the market.”

ReportLinker states that North America accounted for the largest share of the market in 2015 and is expected to remain the leader in the near future.

“This dominance can be attributed to a large number of surgical procedures that are taking place in the region,” PR Newswire adds. “Europe has the second largest share of market due to the development of new products.”

Another report also predicts growth in the temperature management market.

The global patient temperature management market is anticipated to reach a value of $4.5 billion by 2025, according to a report by Grand View Research Inc.

“With rising need for warming and cooling therapies, major companies are also focusing on improving the products through technological advancements aimed at serving the growing complications related to perioperative surgeries,” according to Grand View Research Inc. “For instance, Cincinnati (Sub-Zero) introduced Kool-Kit with Blanketrol III, which is used as a patient cooling system. These surface cooling blankets and pads have evolved as innovative temperature management products that provide temperature management at surgical sites, while maintaining the desired body temperature. Surface cooling systems help maintain patients’ normal body temperature by circulating cold fluid or air through blankets or surface pads that are wrapped around them. Moreover, blood and fluid temperature management that work by circulating warm or cold saline in a patient’s body through a catheter inserted into the central nervous system have also evolved in recent times.”

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