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Patient Temperature Management Systems Market by Product, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40447
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The patient temperature management systems market size has the potential to grow by USD 1.04 bn during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (patient warming devices and patient cooling devices), application (perioperative care, neonates care, and acute care), and geographic landscape (North America, Europe, Asia, and ROW). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including 3M Co., Asahi Kasei Group, Becton, Dickinson and Co., Belmont Medical Technologies, Enthermics Inc., Geratherm Medical AG, Medtronic Plc, Smiths Medical Group Ltd., Stryker Corp., and The Surgical Company Group.

Market Overview

Patient Temperature Management Systems Market Size

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Market Competitive Analysis

The market is fragmented. 3M Co., Asahi Kasei Group, Becton, Dickinson and Co., Belmont Medical Technologies, Enthermics Inc., Geratherm Medical AG, Medtronic Plc, Smiths Medical Group Ltd., Stryker Corp., and The Surgical Company Group are some of the major market participants. Factors such as the increasing number of surgical procedures will offer immense growth opportunities. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this patient temperature management systems market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this patient temperature management systems market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • 3M Co.
  • Asahi Kasei Group
  • Becton, Dickinson and Co.
  • Belmont Medical Technologies
  • Enthermics Inc.
  • Geratherm Medical AG
  • Medtronic Plc
  • Smiths Medical Group Ltd.
  • Stryker Corp.
  • The Surgical Company Group

 

Patient Temperature Management Systems Market: Segmentation by Geography

Patient Temperature Management Systems Market Market segmentation by region

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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The growing adoption of disposable devices will significantly influence the patient temperature management systems market's growth in this region.

39% of the market's growth will originate from North America during the forecast period. The US is the key market for patient temperature management systems in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the patient temperature management systems market size.

Patient Temperature Management Systems Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will patient temperature management systems market growth during the next five years
  • Precise estimation of the patient temperature management systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the patient temperature management systems industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of patient temperature management systems market vendors

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Patient Temperature Management Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2020-2024

USD 1.04 billion

Market structure

Fragmented

YoY growth (%)

6.88

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 39%

Key consumer countries

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Asahi Kasei Group, Becton, Dickinson and Co., Belmont Medical Technologies, Enthermics Inc., Geratherm Medical AG, Medtronic Plc, Smiths Medical Group Ltd., Stryker Corp., and The Surgical Company Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Patient warming devices - Market size and forecast 2019-2024
  • Patient cooling devices - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • Asia - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 3M Co.
  • Asahi Kasei Group
  • Becton, Dickinson and Co.
  • Belmont Medical Technologies
  • Enthermics Inc.
  • Geratherm Medical AG
  • Medtronic Plc
  • Smiths Medical Group Ltd.
  • Stryker Corp.
  • The Surgical Company Group

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Patient Temperature Management Systems market growth will increase by $1044.68 million during 2019-2024.
The patient temperature management systems market is expected to grow at a CAGR of 6.99% during 2019-2024.
Technavio has segmented the patient temperature management systems market by product (Patient warming devices and Patient cooling devices) and geographic (North America, Europe, Asia, and ROW).
3M Co., Asahi Kasei Group, Becton, Dickinson and Co., Belmont Medical Technologies, Enthermics Inc., Geratherm Medical AG, Medtronic Plc, Smiths Medical Group Ltd., Stryker Corp., The Surgical Company Group are a few of the key vendors in the patient temperature management systems market.
North America will register the highest growth rate of 39.07% among the other regions. Therefore, the patient temperature management systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the patient temperature management systems market growth are:
  • Increasing number of surgical procedures
  • Increase in M&A
The patient temperature management systems market vendors should focus on grabbing business opportunities from the patient warming devices segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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