The size of the Temperature Management Market in Europe was valued at USD 745 Million in 2019 and is estimated to grow at a CAGR of 2.9 % to reach USD 863 Million by 2024 during the forecast period 2019 - 2024.
Reduced risks of neurological disorders post cardiac arrests, reduction in the loss of blood during surgeries, decreasing risks of SSIs and rapid post-surgery recovery are few of the benefits offered by temperature management devices. These benefits reduce the stay at hospitals thereby, reducing the healthcare costs by increasing the healthcare infrastructure with the utilization of patient temperature management devices.
Demand for Temperature management products is expected to be influenced by the rising number of surgical procedures. For instance, careful monitoring and maintenance of patients' temperature through blood cooling reduces the risk for perioperative and postoperative surgical complications in open heart surgeries.
The rising number of conferences for physicians to spread awareness, more and more technologically advanced intravascular systems, rising cases of chronic diseases and greater research funding are the primary factors fuelling the growth of this market. Secondary factors include the prevalence of Nervous System and Cardiovascular Disorders, an increasing number of healthcare organizations adopting the temperature management system in multiple clinical applications, rising cases of cancer and advancements in the development of mobile devices. Further, additional demand for temperature management devices for controlling temperature in neonatal care has arisen owing to the growing birth rates. High costs of IVTM systems, price pressures, product recalls and are the key challenges of this market.
This research report has been segmented and sub-segmented into the following categories.
On the Basis of the 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 market growth.
On the Basis of Application, the growing number of surgical procedures performed worldwide is the key factor driving this market segment. Further, technological advancements, 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 second largest in terms of market share capturing 30% of the Global Temperature Management Market share. Europe is the second largest in terms of market share. The rising trend of medical tourism in Hungary and Poland, cheaper surgical treatments are primary factors alluring patients from North America to travel to European countries for undergoing elective surgical procedures. These are primarily contributing to the development of the European Temperature Management Market.
Key market participants leading the Europe 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.)
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 Product
5.1.1 Introduction
5.1.2 Patient Warming Systems
5.1.2.1 Surface Warming Systems
5.1.2.1.1 Convective Warming Systems
5.1.2.1.2 Conductive Warming Systems
5.1.2.2 Intravascular Warming Systems
5.1.2.3 Warming Accessories
5.1.3 Patient Cooling Systems
5.1.3.1 Surface Cooling Systems
5.1.3.2 Intravascular Cooling Systems
5.1.3.3 Cooling Accessories
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2 Application
5.2.1 Introduction
5.2.2 Perioperative Care
5.2.2.1 Operating Rooms
5.2.2.2 Recovery Rooms
5.2.2.3 Preoperative Care Units
5.2.3 Acute Care
5.2.3.1 Intensive Care Units
5.2.3.2 Emergency Rooms
5.2.3.3 Coronary Care Units
5.2.3.4 Neurological Care Units
5.2.3.5 Burn Centers
5.2.3.6 Cath Labs
5.2.4 Military Applications
5.2.5 Newborn Care
5.2.5.1 Delivery Suites
5.2.5.2 Neonatal Intensive Care Units
5.2.5.3 Postnatal Wards
5.2.6 Physiotherapy
5.2.7 Medical/Surgical Units
5.2.8 Patient Transport
5.2.9 Chemotherapy
5.2.10 Other Applications
5.2.11 Y-o-Y Growth Analysis, By Application
5.2.12 Market Attractiveness Analysis, By Application
5.2.13 Market Share Analysis, By Application
5.3 Medical Specialty
5.3.1 Introduction
5.3.2 General Surgery
5.3.3 Cardiology
5.3.4 Neurology
5.3.5 Pediatrics
5.3.6 Thoracic Surgery
5.3.7 Orthopedics
5.3.8 Other Medical Specialties
5.3.9 Y-o-Y Growth Analysis, By Medical Specialty
5.3.10 Market Attractiveness Analysis, By Medical Specialty
5.3.11 Market Share Analysis, By Medical Specialty
5.4 End User
5.4.1 Introduction
5.4.2 Surgeons and Anesthesiologists
5.4.3 Nursing Staff
5.4.4 Paramedical Staff
5.4.5 Y-o-Y Growth Analysis, By End User
5.4.6 Market Attractiveness Analysis, By End User
5.4.7 Market Share Analysis, By End User
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Application
6.1.3.4 By Medical Speciality
6.1.3.5 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Application
6.1.4.4 By Medical Speciality
6.1.4.5 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Application
6.1.5.4 By Medical Speciality
6.1.5.5 By End User
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1 3M Company (U.S.)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Medtronic plc (Ireland)
8.3 Smiths Medical (U.K.)
8.4 C.R. Bard Inc. (U.S.)
8.5 Cincinnati Sub-Zero Products
8.6 Inc. (U.S.)
8.7 Geratherm Medical AG (Germany)
8.8 Inspiration Healthcare Group plc (U.K.)
8.9 Stryker Corporation (U.S.)
8.10 The 37Company (Netherlands)
8.11 ZOLL Medical Corporation (U.S.)
8.12 GE Healthcare (U.S.)
8.13 Becton, Dickinson and Company (U.S.)
8.14 DRÄGERWERK AG & CO. KGAA (Germany)
8.15 Ecolab (U.S.)
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
Appendix
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