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Temperature Modulation Devices Market - By Product (Convective, Conductive Patient Warming System, Portable Blood, Conductive Patient Cooling System), Application (Perioperative, Acute, Coronary), End use (Hospital, ASC) – Global Forecast, 2023-2032

  • Report ID: GMI7440
  • Published Date: Nov 2023
  • Report Format: PDF

Temperature Modulation Devices Market Size

Temperature Modulation Devices Market was valued at USD 2.4 billion in 2022 and is estimated to grow at over 7.4% CAGR from 2023 to 2032. These devices are instruments or systems designed to control or alter the temperature of a specific environment, substance, or process.

Temperature Modulation Devices Market

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The market for temperature modulation devices is anticipated to be driven by an increase in surgical procedures performed globally and a rise in the number of fatal car accidents. As per estimates, in 2021, the number of surgical procedures rose by approximately 54% in the U.S. Furthermore, rising blood warmer demand from the military/defense and ambulatory surgical centers, anticipated to support the market's expansion.

Moreover, patient temperature management devices are often required due to the high prevalence of hypothermia among patients worldwide. The danger of death is increased by elements including blood loss from trauma or shock, harsh surroundings, natural disasters, and cold-stored blood or IV that could result in hypothermia, fueling the market's growth.

COVID-19 Impact

The COVID-19 pandemic negatively impacted the temperature modulation devices market. The market was impacted by the supply chain disruption brought on by the pandemic's abrupt onset and low production rate. The global lockdown that was implemented in the first half of the year resulted in a sharp decline in the frequency of accidents and injuries and a need for advanced wound care, which accounted for USD 10.6 billion in 2022.

Temperature Modulation Devices Market Trends

Globally, gunshot wounds and traffic accidents are the leading causes of mortality from significant blood loss. Approximately 60,000 citizens of the U.S. lose their lives to haemorrhagic shock each year, while the number of deaths worldwide reach up to nearly 2 million. Blood/IV warmers assist improve patient survival rates by lowering the danger of hypothermic problems that can arise from giving cold-stored blood or IV to hemorrhagic patients.

  • Moreover, in order to prevent microbial infection, numerous surgical procedures need implants and transplants that are frequently kept much below normal body temperature. Patient heating systems are necessary because the introduction of such implants has been shown to lower the patient's body temperature.
  • Furthermore, weaker individuals need body warming devices to speed up their recovery and lower the risk of problems because they have trouble controlling their body temperature.

Temperature Modulation Devices Market Analysis

Temperature Modulation Devices Market Size, By Product, (USD Billion)

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The market by product is categorized into portable blood/IV fluid warmers, conductive patient warming systems, convective patient warming systems, conductive patient cooling systems, and other products. The convective patient warming systems segment garnered USD 702 million revenue size in the year 2022.

  • The dominance of the segment can be attributed to their efficient warming, uniform heating, and adjustable settings. Convective warming systems often come with adjustable temperature settings, allowing healthcare providers to tailor the level of warmth to the specific needs of the patient.
  • Furthermore, these systems are versatile and can be used in a variety of surgical procedures, making them adaptable to different healthcare settings and specialties, contributing to the overall market growth.

Temperature Modulation Devices Market, By Application, (2022)

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Based on application, the temperature modulation devices market is segmented into perioperative care, acute care, coronary care, and other applications. The acute care segment dominated the market and accounted for over 34% business share in the year 2022.

  • Temperature modulation devices find various applications in acute care settings, wherein maintaining and controlling body temperature is critical for patient management and recovery.
  • Moreover, trauma patients or critically ill individuals admitted to the emergency room may benefit from temperature modulation devices to address hypothermia, especially if they have been exposed to environmental conditions or have conditions leading to temperature dysregulation.

Based on end-use, the temperature modulation devices market is segmented into hospitals, diagnostic laboratories, ambulatory surgical centers, and other end-users. The hospitals segment dominated the market and accounted for over 36% revenue share in the year 2022.

  • Hospitals dominate the distribution of temperature modulation devices, since they store medications and vaccines at specific temperature ranges to maintain their efficacy and safety.
  • Moreover, hospitals often use temperature modulation devices to store temperature-sensitive medical equipment and supplies, preventing damage or degradation.

U.S. Temperature Modulation Devices Market Size, 2020- 2032 (USD Million)

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U.S. temperature modulation devices market accounted for USD 911 million revenue size in 2022 and is predicted to witness substantial market development.

  • The U.S. has taken a commanding position in the market, primarily due to rising number of trauma cases, robust healthcare infrastructure, and technological advancements. This dominance not only signifies strong demand but also propels market growth by serving as a hub for innovation and product development.
  • Additionally, the competitive landscape encourages the expansion of product portfolios, offering a wider range of options to cater to diverse consumer preferences and needs. Thus, the U.S.'s leading position plays a pivotal role in the global expansion and evolution of the market.

Temperature Modulation Devices Market Share

The temperature modulation devices industry is fragmented, with key players including Boston Scientific Corporation and others dominating the market. These companies focus on ongoing product innovation, geographical expansion, and partnerships to secure substantial market shares. For instance, in August 2019, Boston Scientific Corporation announced that it paid roughly USD 4.2 billion to acquire BTG plc, a UK-based supplier of medical technologies for vascular and cancer disorders. Boston Scientific sought to fortify its position in the international interventional oncology market and broaden its range of products through the acquisition.

Some of the eminent market participants operating in the temperature modulation devices industry include:

  • 3M Company
  • ABB Group
  • Analog Devices Inc Barkey
  • Barkey GmbH & Co. KG
  • BD (Becton, Dickinson, and Company)
  • Belmont Medical Technologies
  • BrainCool AB
  • EMIT Corp.
  • General Electric Company
  • Gentherm Medical
  • Keewell Medical Technology Co., Ltd.
  • Kimberly-Clark
  • Mennen Medical
  • Meridian Medical, Inc.
  • Siemens Healthineers AG
  • Smith's Medical, Inc.
  • STMicroelectronics N.V.
  • Stryker Corp.
  • Texas instruments, Inc.
  • The 37Company

Temperature Modulation Devices Industry News:

  • In March 2020, Smiths Medical developed the Level 1 convective warmer which offers medical professionals a thermal care solution that is safe, easy to use, and silent, enabling patients to maintain a normal body temperature during the whole surgical procedure. The launch expands the company's line of products.
  • In January 2019, with the acquisition of EPIX Therapeutics, Medtronic was able to provide physicians with temperature-controlled technology that gives them more control and feedback during an ablation operation.

Temperature modulation devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and volume in Units from 2018 to 2032 for the following segments:

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By Product, 2018 – 2032 (USD Million and Units)

  • Portable blood/IV fluid warmers
  • Conductive patient warming systems
  • Convective patient warming systems
  • Conductive patient cooling systems
  • Other products

By Application, 2018 – 2032 (USD Million)

  • Perioperative care
  • Acute care
  • Coronary care
  • Other applications

By End-use, 2018 – 2032 (USD Million)

  • Hospitals
  • Diagnostic laboratories
  • Ambulatory surgical centers
  • Other end-users

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa


Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Temperature modulation devices industry was valued at USD 2.4 billion in 2022 and is projected to reach over USD 4.9 billion by 2032, driven by an increase in surgical procedures performed globally and a rise in the number of fatal car accidents.

The acute care application segment accounted for 34% market share in 2022 and is projected to witness substantial gains by 2032, as temperature modulation devices are widely used for maintaining and controlling body temperature during patient management & recovery.

U.S. temperature modulation devices industry was worth USD 911 million in 2022 and is anticipated to grow robustly through 2032 due to rising number of trauma cases, robust healthcare infrastructure, and technological advancements.

3M Company, ABB Group, Analog Devices Inc Barkey, Barkey GmbH & Co. KG, BD (Becton, Dickinson, and Company), Belmont Medical Technologies are some of the major industry contenders.

Temperature Modulation Devices Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 291
  • Countries covered: 22
  • Pages: 185
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