Temperature Modulation Devices Market To Experience Robust Growth In Order To Deal With Growing Demand Of Blood/IV Warmers By 2026: Grand View Research, Inc.

Temperature Modulation Devices Market To Experience Robust Growth In Order To Deal With Growing Demand Of Blood/IV Warmers By 2026: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
The global temperature modulation devices market size was estimated at USD 2.0 Billion in 2018 and is projected to grow at a CAGR of 7.1% by 2026. Increasing number of surgical procedures worldwide, along with growing incidence of road accident fatalities is anticipated to drive the temperature modulation devices market.

The global temperature modulation devices market size is expected to reach USD 3.55 billion by 2026, registering a CAGR of 7.1% over the forecast period according to a new report by Grand View Research, Inc. Growing incidences of hypothermia during surgical procedures along with rising number of injuries induced blood loss is expected to drive the market over the forecast period. In addition, growing necessity for patient temperature control system in military forces operating in extreme temperature environment that are also prone to gunshot/explosive wounds, are also expected to propel the temperature control system market demand for such devices.

Increasing number of road accidents is also anticipated to augment the demand for patient temperature control systems. According to Global Status Report on Road Safety 2018, approximately 1.35 million individuals die of road accidents every year. A significant percent of victims die due to severe blood loss. Ambulatory services, therefore, need temperature control systems such as blood/IV warmers to regulate the temperature of stored blood/IV as cold storage fluids may aggravate the injuries within the victim and can also induce fatal hypothermic shock. Road mishaps is the 8th leading cause of death for individuals across all ages. This number is expected to grow by three times in the low-income economies as compared to high-income economies. Hence, growing number of road accidents is expected to drive the temperature control devices market in future.

Military use of temperature control devices such as blood/IV warmers is also significant with around 18-20.0% of the global demand for these devices being sourced for military/defense departments. Additionally, blood/IV warmers are also required by search and rescue forces, as they deal with numerous victims of natural calamities and mishaps that often occur in the remotest or most extreme environments.

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Growth of surgical procedures worldwide has also led to the increase in demand for both conductive and convective patient warming devices. These devices help surgeons to maintain a patient’s body temperature at optimum levels and prevent the risk of surgery induced hypothermia.

Canada Temperature Modulation Devices Market Size, By Product, 2015 - 2026 (USD million)

Further Key Findings from the Report Suggest:

  • By product, convective patient warming systems is expected to grow in the forthcoming years owing to increasing need for surgical procedures and to increase the recovery speed among patients.
  • Besides the temperature control system market for product accessories, the portable Blood/IV warmers segment is expected to see a respectable growth during the forecast period due to growing demand from ambulatory services and military/defense sectors
  • Asia Pacific is anticipated to be the fastest growing segment owing to growing number of surgeries, presence of huge population demography, and increasing quality of healthcare demanded by patients
  • The players profiled in temperature modulation devices market are Stryker, Gentherm Medical, Belmont Medical, Kimberly-Clark, 3M, Mennen Medical, and Smiths Medical

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Global Temperature Modulation Devices Market Size, Regional Market, 2018 (%)

Key Topics Covered

Chapter 1. Methodology and Scope

                    1.1. Market Segmentation & Scope

                        1.1.1. Type

                        1.1.2. Procedure

                        1.1.3. Regional scope

                        1.1.4. Estimates and forecast timeline

                    1.2. Research Methodology

                    1.3. Information Procurement

                        1.3.1. Purchased database

                        1.3.2. GVR’s internal database

                        1.3.3. Secondary sources

                        1.3.4. Primary research

                        1.3.5. Details of primary research

                   Data for primary interviews in North America

                   Data for primary interviews in Europe

                   Data for primary interviews in Asia Pacific

                   Data for primary interviews in Latin America

                   Data for Primary interviews in MEA

                    1.4. Information or Data Analysis

                        1.4.1. Data analysis models

                    1.5. Market Formulation & Validation

                    1.6. Model Details

                        1.6.1. Commodity flow analysis (Model 1)

                   Approach 1: Commodity flow approach

                        1.6.2. Volume price analysis (Model 2)

                   Approach 2: Volume price analysis

                    1.7. List of Secondary Sources

                    1.8. List of Primary Sources

                    1.9. Objectives

                        1.9.1. Objective 1: Understanding trends and variables in the individual countries and their impact on growth

                        1.9.2. Objective 2: Understanding market estimates and forecasts

Chapter 2. Executive Summary

                    2.1. Market Outlook

                    2.2. Segment Outlook

                        2.2.1. Type

                        2.2.2. Procedure

                        2.2.3. Regional outlook

                    2.3. Competitive Insights


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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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