The Size of the Temperature Management Market in the Middle East & Africa is valued at USD 70 Million in 2022. It is expected to grow at a CAGR of 2.4% to reach USD 80 Million by 2027 during the forecast period.
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.
More and more technologically advanced intravascular systems, an increasing number of conferences for physicians to spread awareness, more significant 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. Besides, growing birth rates have also given rise to an additional demand for temperature management devices to control neonatal care temperature. Price pressures, product recalls, and high costs of IVTM systems are the primary restraints of this market.
This research report on the Middle East & Africa Temperature Management Market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2025:
It is the last in terms of market share, and the UAE is the leader in this region. It captures 3% of the Global Temperature Management Market Share.
The temperature management market in South Africa is likely to have strong CAGR growth during the analysis period due to a frequent increase of chronic diseases like obesity, which causes the incidence rate of cardiovascular diseases, the shift in healthcare awareness. According to the World Heart Federation, nearly 18% of the population in South Africa suffers from cardiovascular disorders.
Saudi Arabia is projected to witness considerable growth in the temperature management market growth due to increasing adoption for inactive lifestyles, unhealthy food habits, and rising obesity and diabetic people population, which propels the industry’s income share during the historical period. Besides these, the growth in this region owes to advancing the healthcare systems, technological advancements, favorable reimbursement policies from government, and the growing number of funds and investments from private organizations and public sectors and extensive usage of applications are considered to bolster the temperature management market growth in this region.
Key players Companies Operating the Middle East & Africa 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.)
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