The size of the Temperature Management Market in Latin America was valued at USD 291.53 Million in 2022. It is expected to grow at a CAGR of 2.29% and worth USD 326.47 billion by 2027.
Demand for Temperature management products is expected to be affected by the growing number of surgical procedures. For example, open heart surgeries require careful monitoring and maintenance of patients' temperature through blood cooling, which reduces the risk for perioperative and postoperative surgical complications.
Reduction in the loss of blood during surgeries, reduced risks of neurological disorders post cardiac arrests, rapid post-surgery recovery, and decreasing risks of SSIs are a few of the benefits of temperature management devices. These benefits further reduce the stay at hospitals, thereby reducing the healthcare costs by augmenting the healthcare infrastructure with patient temperature management devices.
More and more technologically advanced intravascular systems, an increasing number of conferences for physicians to spread awareness, greater research funding, and rising cases of chronic diseases are the primary factors driving this market's growth. Secondary factors include an increasing number of healthcare organizations adopting the temperature management system in multiple clinical applications, the prevalence of Nervous System and Cardiovascular Disorders, advancements in the development of mobile devices, rising cases of cancer. Also, growing birth rates have also given rise to the additional demand for temperature management devices for controlling the temperature in neonatal care.
Price pressures, product recalls, and high costs of IVTM systems are the primary restraints of this market.
This research report on the Latin America Temperature Management Market has been segmented and sub-segmented into the following categories:
By Product Type:
By Application:
By End User:
By Country:
Based on 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 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.
Geographically, it is second to last in terms of market share, and Brazil is the market leader in this region. It commands 12% of the Global Temperature Management Market Share.
Noteworthy Companies leading the Latin America 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 Brazil
6.3 Mexico
6.4 Rest of Latin America
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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