New Market Report: Temperature Management Market - Global Forecasts & Trends to 2019

Temperature Management Market by Product (Surface & Intravascular Systems- Warming & Cooling), Application (Acute & Perioperative Care, Delivery Suite) & by End User (Surgeon & Anesthesiologist, Nursing & Paramedical Staff) - Global Forecasts & Trends to 2019

The global temperature management market is estimated to grow at a CAGR of 2.4% from 2014 to 2019. Although mature markets such as the U.S., Germany, and U.K. hold larger shares in the temperature management market in 2014, the Asia-Pacific region is poised to grow at the highest CAGR of 3.4% in the next five years. Factors such as increasing government initiatives for modernization of healthcare infrastructure, growing number of hospitals and surgical centers, and rising focus of international and domestic players in the Asia-Pacific region are propelling growth in this market.

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Growth of the temperature management market is driven by factors such as rapidly aging population, increasing focus on the development of technologically advanced intravascular systems, rise in product approvals and new product launches, and geographical expansions of market players across the globe. However, factors such as unfavorable healthcare reforms in the U.S., product recalls, and high cost of temperature management systems are restraining the growth of this market. Moreover, emerging economies such as China, India, Brazil, and Mexico and contracts and agreements with the patient warming and cooling devices manufacturers and distributors are creating opportunities for growth of the temperature management market.

In this report, the global temperature management market has been segmented on the basis of product (patient warming and cooling systems), application (acute care, perioperative care, newborn care, and other applications [such as military, patient transport, physiotherapy, chemotherapy, and others]), and end user (surgeons and anesthesiologists, nursing staff, and paramedical staff). The patient warming systems market is estimated to account for the largest share of the global temperature management market in 2014, followed by the patient cooling systems market. Factors such as technological advancements, large volume of surgical procedures, and increasing adoption of warming systems during surgeries are stimulating the growth of the patient warming systems market.

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