The Europe Temperature Modulation Devices Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030).
The precise control of patient temperature, once a peripheral concern, has become a pivotal aspect of patient care, impacting various healthcare settings and applications. The patient heating systems sector is now at the forefront of the evolving healthcare landscape, underpinned by the latest developments in technology, design, and a heightened understanding of the role of thermal management in patient well-being. These systems are instrumental in managing patient body temperature, ensuring it remains within precise and therapeutic ranges.
The most recent advancements in this area have expanded the range of healthcare applications for patient heating systems, in addition to improving the standard of patient care. One of the most notable developments in patient heating systems is integrating cutting-edge materials and technology. The field has seen a remarkable shift towards using smart textiles and advanced thermal management solutions. These innovations provide patients with enhanced comfort and clinicians with greater control over patient temperature, all while reducing the burden on healthcare professionals.
Europe has a rapidly aging population, leading to an increased demand for medical care and surgical procedures. According to Eurostat, by the year 2050, 129.8 million older people will live in the EU-27, up from 90.5 million at the beginning of 2019. In the EU region, older people are 65 or older. In the EU-27, it is expected that the population between the ages of 75 and 84 will rise by 56.1% during this time, while that between the ages of 65 and 74 is expected to rise by 16.6%. On the other hand, according to the most recent estimates, by 2050, there will be 13.5% fewer people in the EU-27 who are under 55. The rapidly aging population and rising trends in advanced medical technologies in Europe are expected to drive the regional market.
The Germany market dominated the Europe Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $277.6 Million by 2030. The UK market is experiencing a CAGR of 5.8% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 7.5% during (2023 - 2030).
Based on Product, the market is segmented into Convective patient warming systems, Portable Blood/IV fluid warmers, Conductive patient cooling systems, Conductive patient warming systems, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Temperature Modulation Devices Market will Hit $4.4 Billion by 2030, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stryker Corporation, Gentherm Incorporated (Gentherm Medical), Belmont Medical Technologies (Audax Managment Company, LLC), Becton, Dickinson and Company, 3M Company, The Surgical Company, ICU Medical, Inc., Smiths Group plc, General Electric Company and Barkey GmbH & Co. KG.
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