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
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
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About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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