Deep Analysis of Impact of COVID-19 on “Patient Temperature Management Market 2019-2026” Growth Worldwide….



The global patient temperature management market size is anticipated to reach a value of USD 5.0 billion by 2026, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% during the forecast period. Rising number of surgeries is anticipated to accelerate the demand for temperature management devices. For instance, open heart surgeries require lowering down the body heat of patients through blood cooling, which helps reduce the risk of post and perioperative surgical complications.
Ever since the outbreak of the novel coronavirus (COVID-19) pandemic, the demand for non-contact infra-red thermometers for body temperature routine check has witnessed tremendous surge due to the thermal screening happening at offices, malls, hotels, and airports. The emergence of smart thermometers used in tracking the spreading fevers helps in observing the pandemic level. Kinsa, a healthtech company has a network of smart thermometers in the U.S. We are working to account for this surge in our estimates. The updated report will account for Covid-19 as a key market contributor.
With growing prevalence of cardiac arrest and other chronic cardiac diseases, there is a rising number of surgeries being undertaken. This growth is anticipated to drive the need for patient temperature management, to avoid the adverse effects on brain. Patient warming systems are also used for cancer patients as adjuncts with chemotherapy and radiation therapy for more effective results. Moreover, in neonatal care, newborns are likely to experience temperature fluctuations and hence, they are kept in incubators to maintain their normal body temperature. The aforementioned factors are driving demand for temperature monitoring devices.
With rising demand for conventional warming and cooling devices, there is a growing need for modern temperature management systems. Introduction of a wide range of surface warming and cooling systems by major market players is expected to positively impact the patient temperature management market during the forecast period. The blood and fluid temperature management devices have also evolved over the years and are applied through a catheter by circulating warm or cool saline in the patients’ body.
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https://www.grandviewresearch.com/industry-analysis/patient-temperature-management-market/request/rs1
Further key findings from the study suggest:
·         Patient warming systems led the market in 2018 due to rise in the number of surgeries, which lower the body temperature of patients due to the use of general anesthesia
·         Patient cooling systems are anticipated to exhibit a lucrative CAGR over the forecast period due to the introduction of new products like cooling caps and blood and fluid cooling systems
·         Surgery segment held the largest market share in 2018 due to increasing number of cardiac and gynecological surgeries across the globe
·         Operating rooms segment is expected to generate huge revenue due to the large number of surgical procedures being performed and the need for temperature management during these surgeries
·         In 2018, North America led the patient temperature management market due to rising demand for technologically advanced products in this region
·         Asia Pacific is expected to showcase lucrative growth over the forecast period, due to increasing sedentary lifestyle resulting in cardiac related disorders
·         Some of the major companies operating in the market include Stryker Corporation; ZOLL Medical Corporation; Cincinnati Sub-Zero Products, LLC; Medtronic, Inc.; 3M Company; Bard Medical, Inc.; and The 37Company
The global patient temperature management market size was valued at USD 2.64 billion in 2018 and is expected to witness attractive CAGR of 8.5% over the forecast period. Increasing number of surgical procedures is one of the significant factors positively impacting the growth.
Large number of surgical procedures are being performed globally. Estimates from the Texas Heart Institute indicate over 500,000 coronary bypass procedures are performed each year. Application of anesthesia to patients before any surgery results in low body temperature. Under these circumstances, warming systems are essential to avoid any further intraoperative hypothermia. Adoption of these systems assist in minimizing pre- and post- surgical complications and associated discomfort to the patient. 
Rising prevalence of cardiovascular diseases and cancer has encouraged the high demand for warming and cooling devices. In cancer cases, the drop in body temperature results in multiplication of cancer cells in the body. Patient warming systems are used along with radiation therapy and chemotherapy to counter this problem. In addition, increasing incidence of heart attack and stroke is also considered as a significant growth driver. During such instances, the body needs to be relatively cooler to increase survival rate and enable normal brain functioning. Technological advancements are also projected to boost the demand due to the introduction of new temperature management systems, such surface pads, blankets, and head caps.
Growing need for modern temperature management systems has led to the introduction of a wide range of surface warming and cooling systems, which has further accelerated growth of the patient temperature management market. For instance, one of the key market players, 3M, has developed its Bair Hugger product range, which consists of a complete portfolio of blankets, such as specialty, underbody, full body, and others.
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https://www.grandviewresearch.com/press-release/global-patient-temperature-management-market
Grand View Research has segmented the global patient temperature management market on the basis of product, application, end use:
Patient Temperature Management Product Outlook (Revenue, USD Million, 2015 - 2026)
·         Patient Warming Systems
o    Conventional Warming Systems
o    Surface Warming Systems
o    Intravascular Warming Systems
·         Patient Cooling Systems
o    Conventional Cooling Systems
o    Surface Cooling Systems
o    Intravascular Cooling Systems
Patient Temperature Management Application Outlook (Revenue, USD Million, 2015 - 2026)
·         Surgery
·         Cardiology
·         Pediatrics
·         Neurology
·         Orthopedic Surgery
·         Others
Patient Temperature Management End Use Outlook (Revenue, USD Million, 2015 - 2026)
·         Operating Room
·         Neonatal ICU
·         Emergency Room
·         ICUs
·         Others

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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