Global Temperature Modulation Devices Market projected to reach $5.46 billion by 2033

From GlobeNewswire: 2024-06-04 14:00:00

The Global Temperature Modulation Devices Market is projected to grow from USD 2.7 Billion in 2023 to USD 5.46 Billion by 2033, with a CAGR of 7.30%. These devices regulate temperature for patient care, reducing hospital stays and improving clinical outcomes. Factors driving demand include chronic illnesses, accidents, and microbial infection prevention during surgery. However, reliance on stable power infrastructure may pose challenges in some regions.

The convective patient warming system segment dominates the market, circulating warm air to regulate body temperature. Temperature modulation devices are crucial for acute care settings and hospitals, where maintaining proper temperatures is essential for patient care and successful treatment outcomes. North America leads the market, while the Asia-Pacific region is expected to accelerate growth due to various factors.

Major vendors in the global temperature modulation devices market include ICU Medical, Stryker Corporation, 3M Company, and others. Recent developments include Smiths Medical launching a convective warmer for surgical procedures, enhancing patient care options. The market is segmented by product, application (perioperative, acute, coronary care), end-user (hospital, diagnostic laboratories), and region (North America, Europe, Asia-Pacific, and more.

The report provides an analysis of key organizations, their product offerings, business strategies, market share, and SWOT analysis. Competitive factors include product development, innovations, mergers & acquisitions, alliances, and industry news. The demand for temperature modulation devices continues to grow due to increased healthcare spending, rising medical costs, and the need for reliable patient temperature control systems globally.



Read more at GlobeNewswire: Global Temperature Modulation Devices Market Size To Exceed