Temperature Management Market - Estimated to Grow at a CAGR of 2.3% to Reach $2,576.8 Million by 2020

Jan 19, 2016, 08:10 ET from Research and Markets

DUBLIN, Jan. 19, 2016 /PRNewswire/ -- 

Research and Markets (http://www.researchandmarkets.com/research/k68m29/temperature) has announced the addition of the "Temperature Management Market by Product, Application & Medical Specialties - Forecast to 2020" report to their offering.

The global market is expected to grow at a CAGR of 2.3% to reach USD 2,576.8 Million by 2020. Number of factors such as the worldwide development of technologically advanced temperature management systems, increase in aging population (which in turn is increasing the demand for age-related surgeries), and growing prevalence of cancer and cardiovascular diseases is propelling the growth of the global market.

However, unfavorable healthcare reforms in the U.S., product recalls, and rising price pressure on market players are some major factors restraining the growth of this market. In addition to this, the stringent regulatory policy in developed countries is a key challenge faced by market players in the temperature management market.

On the basis of type of product, the global temperature management market has been divided into two major segments, namely, patient warming and cooling systems. The patient warming systems segment is further classified into surface warming systems (convective and conductive systems), intravascular warming systems, and patient warming accessories. Likewise, the patient cooling systems segment is further divided into surface cooling systems, intravascular cooling systems, and patient cooling accessories.

The patient warming systems segment is expected to account for the largest share of the global market in 2015. Furthermore, the patient cooling systems segment is expected to grow at the highest CAGR in the next five years, primarily owing to technological advancements in the field of intravascular temperature management (IVTM) systems, and numerous growth strategies followed by market players.

Companies Mentioned:

  • 3M Company
  • C.R. Bard Inc.
  • Cincinnati Sub-Zero Products, Inc.
  • Geratherm Medical AG
  • Inditherm PLC
  • Medtronic PLC
  • Smiths Medical
  • Stryker Corporation
  • The Surgical Company
  • Zoll Medical Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Temperature Management Market, By Product

7 Temperature Management Market, By Application

8 Temperature Management Market, By Medical Specialty

9 Temperature Management Market, By End User

10 Temperature Management Market, By Region

11 Competitive Landscape

12 Company Profile

For more information visit http://www.researchandmarkets.com/research/k68m29/temperature

Media Contact:

Laura Wood , +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



RELATED LINKS

http://www.researchandmarkets.com