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Temperature Management Market by Product, Application, Medical Specialties - Forecast to 2020

  • January 2016
  • -
  • MarketsandMarkets
  • -
  • 203 pages

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On the basis of type of product, the global temperature management market has been divided into two major segments, namely, patient warming and cooling systems. The patient warming systems segment is further classified into surface warming systems (convective and conductive systems), intravascular warming systems, and patient warming accessories. Likewise, the patient cooling systems segment is further divided into surface cooling systems, intravascular cooling systems, and patient cooling accessories. The patient warming systems segment is expected to account for the largest share of the global temperature management market in 2015. Furthermore, the patient cooling systems segment is expected to grow at the highest CAGR in the next five years, primarily owing to technological advancements in the field of intravascular temperature management (IVTM) systems, and numerous growth strategies followed by market players.

On the basis of type of application, the global temperature management market is classified into four major segments, namely, acute care, perioperative care, newborn care, and other applications. The perioperative care applications segment is expected account for the largest share of the global temperature management market in 2015. The acute care applications segment is expected to grow at the highest CAGR in the next five years, owing to rising number of technologically advanced new product launches.

Based on Medical Specialty, the market is divided into eight broad categories, namely, general surgery, cardiology, neurology, thoracic surgery, orthopedics, pediatrics and others (ophthalmic surgery, bariatric surgery, and cosmetic surgery). Orthopedics segment is expected to be the fastest growing segment, owing to the growing adoption of a sedentary lifestyle and increasing incidences of work-related musculoskeletal disorders.
On the basis of type of end user, the global temperature management market is classified into three segments, namely, surgeons and anesthesiologists, nursing staff, and paramedical staff. The surgeons and anesthesiologists end-user segment is expected to account for the largest share of the global temperature management market in 2014. Furthermore, the paramedical staff end-user segment is expected to grow at the highest CAGR in the next five years, owing to increased adoption of temperature management systems during surgeries due to the benefits of patient warming and cooling systems.

From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and subsegments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats). The report also offers market sizes and data of the various segments in this industry. It focuses on emerging and high-growth segments, high-growth regions, and initiatives by governments. The competitive landscape covers the growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on the key players in the temperature management market and the strategies adopted by them to maintain and increase their market shares in the near future. The above mentioned market research data, current market size, and forecast of the future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.

Reasons to Buy the Report:
This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner a greater market share. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on patient warming and cooling systems offered by top 10 players in the temperature management market. The report analyzes the patent temperature management market by product, application, and end user across geographies

- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the temperature management market

- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various patient warming and cooling devices across geographies

- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the temperature management market

- Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the temperature management market

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