The Temperature Management Market size in the Asia Pacific was valued at USD 383.16 Million in 2022. It is further projected to grow at a CAGR of 3% and value USD 444.19 Million by 2027.
The rising number of procedures involving surgery is expected to affect the demand for temperature management products. Risks for perioperative and postoperative surgical complications are reduced if the patients' temperature is monitored through blood cooling during open surgeries.
The rising number of conferences for physicians to spread awareness, greater research funding, numerous technologically advanced intravascular systems, and rising cases of chronic diseases are the key factors fuelling market growth. Prevalence of Nervous System and Cardiovascular Disorders, rising cases of cancer, advancements in the development of mobile devices, and the increasing number of healthcare organizations adopting the temperature management system in multiple clinical applications are secondary factors responsible for the observable trend in market growth.
Demand for temperature management devices for controlling neonatal care temperature has augmented due to higher birth rates. Product recalls, high costs of IVTM systems and price pressures are the key restraints of this market.
This research report on the Asia PacificTemperature Management Market has been segmented and sub-segmented into the following categories:
By Product Type:
By End User:
Based on product type, the Patient warming systems category is likely to command the largest market share. The growing demand for these systems in diverse hospital settings is the primary factor fuelling the market growth.
Based on application, the growing number of surgical procedures performed worldwide is the key factor driving this market segment. Further, technological advancements, a rising number of product launches for the perioperative care segment, and an increasing number of partnerships between major market players and hospitals are also buttressing market growth.
Regionally, it is the highest growing market and third in market share, commanding 15% of the Global Temperature Management Market share. Asia Pacific has the highest CAGR. It is third in terms of market share and has the highest CAGR. The driving factors are the awareness of an increase in cancer risks and degenerate cost surgeries. The rising government support in New Zealand, Australia, South Korea, and Taiwan is likely to boost the market growth of patient temperature management techniques.
Some of the notable companies operating in the Asia Pacific Temperature Management Market Profiled in the Report are 3M Company (U.S.), Smiths Medical (U.K.), Medtronic plc (Ireland), C.R. Bard Inc. (U.S.), Cincinnati Sub-Zero Products, Inc. (U.S.), Geratherm Medical AG (Germany), Inspiration Healthcare Group plc, (U.K.), Stryker Corporation (U.S.), The 37Company (Netherlands), ZOLL Medical Corporation (U.S.), GE Healthcare (U.S.), Becton, Dickinson, and Company (U.S.), DRÄGERWERK AG & CO. KGAA (Germany), and Ecolab (U.S.).