Global Temperature Management Market: Temperature management is the ability to manage the temperature of a system with the help of technology based on heat transfer and thermodynamics.
Albany, NY -- (SBWIRE) -- 06/17/2016 -- Temperature Management Market: Overview and Segmentation
Temperature management or thermal management is the ability to manage the temperature of a system with the help of technology based on heat transfer and thermodynamics. The temperature management system is a component or area with defined boundaries. The global temperature management market is categorized into two systems on the basis of products, namely, patient cooling systems and patient warming systems.
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On the basis of application, temperature management market is divided into perioperative care, acute care, newborn care, and others. Temperature management is an important aspect of clinical practice particularly in paediatric nursing to maintain a constant body temperature especially in the neonatal population. Hyperthermia and hypothermia should be avoided as they might result in adverse outcomes such as increased mortality and morbidity. Maintaining right body temperature increases metabolic efficiency, protects enzyme function, decreases oxygen use and caloric expenditure.
The global temperature management market can be classified on the basis of:
Temperature Management Market: Region-wise Outlook
On the basis of Geography, the global temperature management market is segmented into four major regions: North America, Europe, Asia-Pacific and Rest of the World (RoW).In terms of geography, North America followed by Europe account for the largest market share of temperature management market due to the developing technologies and technological advancement in intravascular systems. However, other regions such as the Middle East, South East Asia, and Latin America are expected to hold massive opportunities in the near future.
Because of the high rate of adoption of advanced medical and therapeutic devices in a rapidly forward-moving healthcare industry, these regions are expected to hold much potential in the near future. Asia Pacific market is currently posting healthy growth figures because of a spike in the patient population, favorable government initiatives for the development of healthcare systems and the regulatory environment that is not as harsh as other developed regions. The encouraging performance of the medical tourism industry in countries such as India and China.
Temperature Management Market: Drivers and Opportunities
Also due to low-cost surgeries and low cost of treatment these countries are attractive market for the growth of temperature management systems. Factors such as growing healthcare facilities, rising prevalence of chronic diseases, favorable reimbursement scenarios and increase in adoption rate of precise medical instruments are responsible for the growth of global temperature management market. However high cost and risk factors associated with temperature management system hinders the growth of temperature management market.
The global temperature management market is witnessing remarkable growth due to the rising demand of temperature management systems in hospitals in new born care, acute care, perioperative care and others. Increasing geriatric population and increasing number of cancer and cardiovascular diseases are some of the additional factors responsible for the growth of temperature management market.
Temperature Management Market: Key Players
The global temperature management market is highly fragmented due to the participation of many global as well as new players in this market. Some of the major players in the market are 3M, C.R. Bard, Inc., Koninklijke Philips N.V., Stryker Corporation and ZOLL Medical Corporation.
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