Patient Warming Systems Segment to Dominate North America Temperature Management Systems Market during 2021–2028
According to a new market research study on “North America 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$ 1,271.17 million by 2028 from US$ 874.38 million in 2021. The market is estimated to grow at a CAGR of 5.5% from 2021 to 2028. The report provides trends prevailing in the North America temperature management systems market along with the drivers and restraints pertaining to the market growth. Rising prevalence of chronic disease and cardiovascular diseases is the major factor driving the growth of the North America temperature management systems market. However, issues associated with the high price of products hinder the growth of North America temperature management systems market.
The market for North America 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.
North America is witnessing the growing number of COVID-19 cases, for instance, in the United States the number of cases has been increased to 34,227,237 with 612,701 deaths reported. Additionally, Mexico and Canada cases are also growing. Due to coronavirus spreading, many cities are shutting down causing treatments and doctor’s appointment cancellation. Patients with serious health conditions, such as Cardiovascular, General surgery, Musculoskeletal, OB and GYN, Vascular needs physical distancing with others, however, delays in such chronic disease treatments is distressing. Therefore, although there has been a disruption in manufacturing and supply chain models of the manufacturing companies, the heightened demand for temperature management systems led to spur in the market growth.
3M, BD, Dragerwerk AG & Co. KGaA, Ecolab, GENTHERM, Inspiration Healthcare Group plc, Smiths Medical, Stryker Corporation, and ZOLL MEDICAL CORPORATION are among the leading companies in the North America 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 North America Temperature Management Systems market as follows:
North America 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
North America Temperature Management Systems Market – By Application
- Perioperative Care
- Acute Care
- Newborn Care
North America Temperature Management Systems Market – By Medical Indication
- General Surgery
- Thoracic Surgery
- Orthopedic Surgery
North America Temperature Management Systems Market – By Country
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