The global temperature modulation devices market size is expected to reach USD 3.55 billion by 2026, registering a CAGR of 7.1% over the forecast period according to a new report by Grand View Research, Inc. Growing incidences of hypothermia during surgical procedures along with rising number of injuries induced blood loss is expected to drive the market over the forecast period. In addition, growing necessity for patient temperature control system in military forces operating in extreme temperature environment that are also prone to gunshot/explosive wounds, are also expected to propel the temperature control system market demand for such devices.
Increasing
number of road accidents is also anticipated to augment the demand for patient
temperature control systems. According to Global Status Report on Road Safety
2018, approximately 1.35 million individuals die of road accidents every year.
A significant percent of victims die due to severe blood loss. Ambulatory
services, therefore, need temperature control systems such as blood/IV warmers
to regulate the temperature of stored blood/IV as cold storage fluids may
aggravate the injuries within the victim and can also induce fatal hypothermic
shock. Road mishaps is the 8th leading cause of death for
individuals across all ages. This number is expected to grow by three times in
the low-income economies as compared to high-income economies. Hence, growing
number of road accidents is expected to drive the temperature control devices
market in future.
Military
use of temperature control devices such as blood/IV warmers is also significant
with around 18-20.0% of the global demand for these devices being sourced for
military/defense departments. Additionally, blood/IV warmers are also required
by search and rescue forces, as they deal with numerous victims of natural
calamities and mishaps that often occur in the remotest or most extreme
environments.
Growth
of surgical procedures worldwide has also led to the increase in demand for
both conductive and convective patient warming devices. These devices help surgeons
to maintain a patient’s body temperature at optimum levels and prevent the risk
of surgery induced hypothermia.
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Temperature
Modulation Devices Market Report Highlights
- By product,
convective patient warming systems is expected to grow in the forthcoming
years owing to increasing need for surgical procedures and to increase the
recovery speed among patients.
- Besides the
temperature control system market for product accessories, the portable
Blood/IV warmers segment is expected to see a respectable growth during
the forecast period due to growing demand from ambulatory services and
military/defense sectors
- Asia Pacific
is anticipated to be the fastest growing segment owing to growing number
of surgeries, presence of huge population demography, and increasing
quality of healthcare demanded by patients
- The players
profiled in temperature modulation devices market are Stryker, Gentherm
Medical, Belmont Medical, Kimberly-Clark, 3M, Mennen Medical, and Smiths
Medical
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Temperature
Modulation Devices Market Segmentation
Grand View Research has
segmented the global temperature modulation devices market based on Product,
and region:
Product Outlook
(Revenue, USD Million, 2015 - 2026)
- Portable Blood/IV fluid warmers
- Conductive patient warming systems
- Convective patient warming systems
- Conductive patient cooling systems
- Other Products & Accessories
Regional Outlook
(Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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