Perioperative Care Segment to Dominate Europe Temperature Management Systems Market during 2021–2028
According to a new market research study on “Europe Temperature Management Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, Application, and Medical Indication” is expected to reach US$ 958.56 million by 2028 from US$ 691.25 million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The report provides trends prevailing in the Europe temperature management systems market along with the drivers and restraints pertaining to the market growth. Ascent in number of surgical procedures is the major factor driving the growth of the Europe temperature management systems market. However, issues associated with the high expense of products hinder the growth of Europe temperature management systems market.
The market for Europe temperature management systems market is segmented into product, application, medical indication, and country. Based on product, the market is segmented into patient warming systems and patient cooling systems. The patient warming systems segment dominated the market in 2020 and patient cooling systems segment is expected to be the fastest growing during the forecast period. Further patient warming systems has been bifurcated into surface warming systems, intravascular warming systems, and warming accessories. Similarly patient cooling systems is bifurcated into surface cooling systems, intravascular cooling systems, and cooling accessories. Based on application the market is segmented into perioperative care, acute care, newborn care, and others. The perioperative care segment dominated the market in 2020 and acute care segment is expected to be the fastest growing during the forecast period. Based on medical indication the market is segmented into general surgery, cardiology, neurology, pediatrics, thoracic surgery, orthopedic surgery, and others. The general surgery segment dominated the market in 2020 and cardiology segment is expected to be the fastest growing during the forecast period.
After Asia, the European region is highly affected by the outbreak of the COVID-19 pandemic. Countries like Italy, Spain, the UK, Germany, France, and other European counties such as Russia, Switzerland are highly affected. Most of the deaths were registered in these countries in the initial phases of the pandemic onset. The EU countries even faced the second wave of the pandemic. Therefore, to control the spread of coronavirus, governments of various countries have implemented lockdown. Additionally, In UK, the practice of cardiovascular and neurological surgeries has been changed. Increasing COVID-19 has impacted the treatment of diseases, due to the diversification of the medical work force and decision to focus on treating the critically ill. Thus, the reducing volumes of surgeries performed on patients due to threat of transmission of COVID-19 among various countries of Europe is likely to slow down the growth of the temperature management systems market.
3M, BD, Dragerwerk AG & Co. KGaA, Ecolab, GENTHERM, Geratherm Medical AG, Inspiration Healthcare Group plc, Smiths Medical, Stryker Corporation, and ZOLL MEDICAL CORPORATION are among the leading companies in the Europe temperature management systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Europe Temperature Management Systems market as follows:
Europe Temperature Management Systems Market – By Product
- Patient Warming Systems
- Surface Warming Systems
- Intravascular Warming Systems
- Warming Accessories
- Patient Cooling Systems
- Surface Cooling Systems
- Intravascular Cooling Systems
- Cooling Accessories
Europe Temperature Management Systems Market – By Application
- Perioperative Care
- Acute Care
- Newborn Care
Europe Temperature Management Systems Market – By Medical Indication
- General Surgery
- Thoracic Surgery
- Orthopedic Surgery
Europe Temperature Management Systems Market – By Country
- United Kingdom
- Rest of Europe
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