Over the course of the projection period, market participants are predicted to debut more products, which will fuel the market's expansion. The ASTOPADTM Patient Warming System will be available in the United States starting on October 15, 2020, according to Gentherm, an industry leader and developer of thermal management solutions. The ASTOPAD device can be used during all surgical procedures and aids in the prevention and management of hypothermia in patients during the perioperative period. Over the forecast period, rising inorganic activities including agreements among market participants are anticipated to fuel market expansion.
The global Patient Temperature Management Systems Market is estimated to be valued at US$ 2,893.5 million in 2022 and is expected to exhibit a CAGR of 2.6% during the forecast period (2022-2030).
Prominent Players in the Patient Temperature Management Systems Industry :
1. 3M Company
3M is an America-based company that was established in the year 1929. It is a major player in the Wound Care industry. The company operates through five segments globally. In order to retain its share in the market, the company focuses on launching new and advanced products. Moreover, 3M Health Care's Medical Solutions Division announced, in October 2022, that it’s 3M V.A.C. Therapy negative pressure wound therapy (NPWT) surpassed a clinical evidence milestone of 2,000 published, peer-reviewed medical journal studies. V.A.C. This is the first and only NPWT solution to garner this number of published studies about its therapy.
2. Medtronic
Medtronic is a global healthcare technology leader which broadly deals in challenging healthcare problems with innovation that can transform. It has headquartered in Minneapolis, MN and serves across 150 countries.
3. Stryker
Stryker is one of the leading medical technology company started in 1941 by Dr. Stryker. The presence of company is in 75 plus countries worldwide. Its headquarters are located in Kalamazoo, MI. Stryker launched Citrefix™ a suture anchor system for foot and ankle surgical procedures in December 2022.
4. Cincinnati Sub-Zero Products, LLC(Gentherm )
Gentherm is a global developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. Gentherm Incorporated was incorporated in 1991 and is headquartered in Northville, Michigan.
5. C.R. Bard, Inc.
Since 1907, C.R. Bard, Inc. designs, develops, manufactures, distributes and markets medical technologies in the fields of vascular, urology, oncology and surgical specialty products. The company has headquarters situated in Murray Hill, New Jersey
6. Zoll Medical Corporation
Founded in 1980, ZOLL is named after Dr. Paul Zoll, provide innovative technologies that make a meaningful difference in people's lives. The company has headquarters situated in Chelmsford, MA.
7. Smith Medicals (ICU Medical, Inc.)
ICU Medical, Inc., together with its subsidiaries, develops, manufactures, and sells medical devices used in infusion therapy and critical care applications worldwide. ICU Medical, Inc. was founded in 1984 and is headquartered in San Clemente, California. In May, 2021 Smiths Medical, announced it has formed an exclusive partnership with Ivenix, Inc. that positions the companies as the first in the U.S. to offer a comprehensive suite of infusion management solutions to meet healthcare needs across the continuum of care.
8. Ecolab
Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company was founded in 1923 and is headquartered in Saint Paul, Minnesota. In October, 2022 Ecolab, Inc., and Siemens announced a strategic partnership that will help customers accelerate their progress toward sustainability and productivity goals.
9. The Surgical Company.
The Surgical Company provide the best tools and services to the medical staff for the best possible treatment of their patients. The company was founded in 1993 and has headquarters situated in the Netherlands, Europe.
*Definition- Systems for controlling patient temperature are used to keep patients normothermic before to, during, and following operation.
