What are the latest figures on the temperature management market’s size and projected CAGR?
The temperature management market size has grown steadily in recent years. It will grow from $2.93 billion in 2024 to $3.02 billion in 2025 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to rising demand for temperature-sensitive products, increasing globalization of trade, growing awareness of the importance of temperature management, growing demand for cold chain solutions, pharmaceutical growth, electronics industry’s growth, aging population, rise in chronic diseases.
The temperature management market size is expected to see steady growth in the next few years. It will grow to $3.52 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to healthcare expansion, climate change and extreme weather, e-commerce growth, green energy transition, IoT and automation, growing healthcare infrastructure, increased awareness. Major trends in the forecast period include miniaturization and portability, smart and connected systems, personalized healthcare, sustainability and green practices, cross-industry collaboration, integration of IoT and AI.
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Which Market drivers have played a significant role in driving the temperature management market?
The rise in the prevalence of chronic diseases is expected to propel the growth of the temperature management market going forward. Chronic diseases refer to ailments that last for a year or longer, impede everyday activities, require continuing medical care, or both. Temperature management can help in chronic diseases, including neurological conditions that result from cardiac arrest. It is a medical intervention that aims to reduce mortality and improve neurological outcomes in unresponsive patients who achieve Return of Spontaneous Circulation (ROSC) after cardiac arrest. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, the increasing incidence of chronic diseases is driving the growth of the temperature management market.
What are the key segments within the temperature management market?
The temperature management market covered in this report is segmented –
1) By Product: Patient Warming Devices, Patient Cooling Devices
2) By Application: Surgery, Cardiology, Pediatrics, Neurology, Orthopedic Surgery, Other Applications
3) By End-Use: Operating Room, Neonatal ICU, Emergency Room, ICUs, Other End-Uses
Subsegments:
1) By Patient Warming Devices: Warm Air Blankets, Heating Pads, Warming Cabinets, Intravenous Fluid Warmers, Forced-Air Warming Systems
2) By Patient Cooling Devices: Cooling Blankets, Cold Packs, Intravenous Fluid Coolers, Surface Cooling Devices, Endovascular Cooling Systems
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Which key players are shaping the temperature management market?
Major companies operating in the temperature management market include 3M Company, Becton Dickinson and Company, Draegerwerk AG & Co. KGaA, Smiths Medical, Stryker Corporation, The 37company (The Surgical Company), Zoll Medical Corporation (A Subsidiary of Asahi Kasei Corporation), C. R. Bard, Mennen Medical, Medtronic plc,, Belmont Instruments, EMBRlabs, Enthermics Medical Systems, Fisher & Paykel Healthcare Limited, Gaymar Industries Inc., Getinge AB, Halyard Health Inc., Inditherm Medical, KARL STORZ SE & Co. KG, Masimo Corporation, Mennen Medical Ltd., Merit Medical Systems Inc., MicroTherapeutics Inc., Philips Healthcare, Smith & Nephew plc, Teleflex Incorporated, Terumo Corporation,
What are the most influential trends expected to drive the temperature management market forward?
The risk associated with the use of invasive temperature management devices is expected to hinder the temperature management devices. For instance, during the targeted temperature management post-cardiac arrest, the use of invasive temperature management devices is associated with certain risks like an injury at the area of placement, infection, and venous thrombosis. Similarly, surface cooling systems that use blankets or pads wrapped around the patient that circulate cold air or fluid include the rare risk of skin burns and irritation, as well as the risk of overshooting the target temperature in the induction phase. Such risk factors, therefore, are expected to impact the growth of the temperature management market.
Which geographic trends are shaping the temperature management market, and which region has the highest market share?
North America was the largest region in the temperature management market in 2024. Western Europe was the second-largest region in the temperature management market report. The regions covered in the temperature management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Temperature Management Market Report 2025 Offer?
The temperature management market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The temperature management controls and maintain specific body temperature through external warming or cooling for a specific duration. Temperature management devices are used in operation theatres during surgeries, ICU, blood warming, and in other chronic conditions such as cardiac ailments, neurological disorders, and cancer.
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