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Temperature Modulation Devices Market Trends

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

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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.

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.