Temperature Management Systems Market worth $3.2 billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, Aug. 6, 2020 /PRNewswire/ -- According to the new market research report "Temperature Management Systems Market by Product (Patient Warming Systems, Patient Cooling Systems), Application (Perioperative Care, Acute Care, Newborn Care), Medical Speciality (Cardiology, Neurology, Pediatrics, Orthopedic) - Global Forecast to 2025", published by MarketsandMarkets, the Temperature Management Systems Market is projected to reach USD 3.2 billion by 2025 from USD 2.4 billion in 2020, at CAGR of 5.1% during the forecast period.

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The Market growth is largely driven by factors increasing global incidence of chronic conditions and the subsequent increase in the number of surgical procedures. The growing number of contracts and agreements between market players is also expected to offer a wide range of growth opportunities for market players during the forecast period.

Perioperative care commanded the largest share of the temperature management systems market in 2019

By applications, the temperature management market is segmented into perioperative care, acute care, newborn care, and other applications. Among these, the perioperative care segment accounted for the largest share of the temperature management market in 2019. The increasing number of surgical procedures performed worldwide is the major factor driving the growth of this application segment. In addition, technological advancements, product development and launches, and growing partnership between key market players and hospitals are also supporting market growth.

Browse in-depth TOC on "Temperature Management Systems Market"

429 – Tables

33 – Figures  

292 – Pages

General Surgery segment dominated the temperature management systems market in 2019

Based on medical specialty, the temperature management market is segmented into general surgery, cardiology, neurology, thoracic surgery, orthopedic surgery, pediatrics, and other medical specialties (such as ophthalmic, bariatric, and cosmetic surgeries). The general surgery segment accounted for the largest share of the temperature management market in 2019. The large share of this segment can primarily be attributed to the large number of general surgery procedures performed worldwide.