South America Temperature Management Systems Market is expected to reach US$ 120.70 Mn by 2028

Perioperative Care Segment to Dominate SAM Temperature Management Systems Market during 2021–2028

  According to a new market research study on “SAM 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$ 120.70 million by 2028 from US$ 91.68 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The report provides trends prevailing in the SAM 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 SAM temperature management systems market. However, issues associated with the expensive products hinder the growth of SAM temperature management systems market.

The market for SAM 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.

SAM countries like Brazil have registered many positive coronavirus infection cases. This region is developing in terms of the healthcare and medical service industry. The countries in this region are highly dependent on medical devices imported from developed countries. Therefore, countries have faced several challenges with their requirements for temperature management systems due to severe disruption in supply chains. Health authorities are worrying that attempting to fight the coronavirus will indirectly contribute to an increase in deaths of ill patients, including heart patients, gynecology patients, and other causes. Countries such as Brazil, Argentina, Colombia and others were severely hit by the pandemic. Although, the supply chains were revived by the end of 2020 once the COVID cases reduced in various parts of the region. These factors thus encouraged the growth of the temperature management systems market in SAM. In addition, increasing government support and reimbursement policies for medical devices are expected to support the temperature management systems market. Overall, the COVID-19 pandemic slowed down the rate of growth, however did not completely have a negative impact on market growth.

3M, BD, Dragerwerk AG & Co. KGaA, Ecolab, Inspiration Healthcare Group plc, Smiths Medical, Stryker Corporation, and ZOLL MEDICAL CORPORATION are among the leading companies in the SAM 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 SAM Temperature Management Systems market as follows:

SAM 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

SAM Temperature Management Systems Market – By Application

• Perioperative Care
• Acute Care
• Newborn Care
• Others

SAM Temperature Management Systems Market – By Medical Indication

• General Surgery
• Cardiology
• Neurology
• Pediatrics
• Thoracic Surgery
• Orthopedic Surgery
• Others

SAM Temperature Management Systems Market – By Country

• Brazil
• Argentina
• Rest of SAM