The North America Temperature Modulation Devices Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030).
Integrating thermoelectric heating elements, which harness the Seebeck effect, has emerged as a sustainable and efficient method for patient temperature management. These elements provide consistent and precise temperature control while minimizing energy consumption. By eliminating the need for traditional heating methods, such as resistive heating, thermoelectric heating elements significantly reduce the carbon footprint of temperature modulation devices. Likewise, the use of intelligent control systems, facilitated by the Internet of Things (IoT) and artificial intelligence (AI), has revolutionized temperature modulation devices.
These systems are equipped with sensors, data collection capabilities, and connectivity, allowing for real-time monitoring and adjustment of patient temperature. In modern healthcare, smart temperature modulation devices are widely employed in various settings, from hospital wards to home care. These systems enable the precise management of patient temperature, ensuring that therapeutic outcomes are optimized. In addition, they offer a higher level of convenience for healthcare professionals and caregivers, as they can remotely monitor and adjust patient temperature based on real-time data.
Healthcare providers in North America are increasingly aware of the risks associated with perioperative hypothermia. Prolonged exposure to cold operating rooms can lead to hypothermia, which can result in adverse outcomes for patients. According to the National Library of Medicine, in the United States, between 700 and 1500 patients have hypothermia recorded on their death certificates each year. Men are ten times more likely than women to be affected, and the age range affected is adults between 30 and 49. Those with moderate to severe hypothermia still have a mortality rate close to 50%, even with supportive in-hospital care. Therefore, rising cases of life-threatening diseases and an increasing elderly population in North America will boost the demand for temperature modulation devices.
The US market dominated the North America Temperature Modulation Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,200.4 Million by 2030. The Canada market is registering a CAGR of 8.8% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Temperature Modulation Devices Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Convective patient warming systems
- Portable Blood/IV fluid warmers
- Conductive patient cooling systems
- Conductive patient warming systems
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Barkey GmbH & Co. KG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Temperature Modulation Devices Market, by Product
1.4.2 North America Temperature Modulation Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Temperature Modulation Devices Market, by Product
4.1 North America Convective patient warming systems Market, by Country
4.2 North America Portable Blood/IV fluid warmers Market, by Country
4.3 North America Conductive patient cooling systems Market, by Country
4.4 North America Conductive patient warming systems Market, by Country
4.5 North America Others Market, by Country
Chapter 5. North America Temperature Modulation Devices Market, by Country
5.1 US Temperature Modulation Devices Market
5.1.1 US Temperature Modulation Devices Market, by Product
5.2 Canada Temperature Modulation Devices Market
5.2.1 Canada Temperature Modulation Devices Market, by Product
5.3 Mexico Temperature Modulation Devices Market
5.3.1 Mexico Temperature Modulation Devices Market, by Product
5.4 Rest of North America Temperature Modulation Devices Market
5.4.1 Rest of North America Temperature Modulation Devices Market, by Product
Chapter 6. Company Profiles
6.1 Stryker Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 Gentherm Incorporated (Gentherm Medical)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 SWOT Analysis
6.3 3M Company
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 SWOT Analysis
6.4 Belmont Medical Technologies (Audax Management Company, LLC.)
6.4.1 Company Overview
6.4.2 SWOT Analysis
6.5 The Surgical Company
6.5.1 Company Overview
6.6 Becton, Dickinson, and Company
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 SWOT Analysis
6.7 ICU Medical, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.7.4 Research & Development Expenses
6.7.5 SWOT Analysis
6.8 Smiths Group PLC
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.9 General Electric Company
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 SWOT Analysis
6.10. Barkey GmbH & Co. KG
6.10.1 Company Overview
TABLE 1 North America Temperature Modulation Devices Market, 2019 - 2022, USD Million
TABLE 2 North America Temperature Modulation Devices Market, 2023 - 2030, USD Million
TABLE 3 North America Temperature Modulation Devices Market, by Product, 2019 - 2022, USD Million
TABLE 4 North America Temperature Modulation Devices Market, by Product, 2023 - 2030, USD Million
TABLE 5 North America Convective patient warming systems Market, by Country, 2019 - 2022, USD Million
TABLE 6 North America Convective patient warming systems Market, by Country, 2023 - 2030, USD Million
TABLE 7 North America Portable Blood/IV fluid warmers Market, by Country, 2019 - 2022, USD Million
TABLE 8 North America Portable Blood/IV fluid warmers Market, by Country, 2023 - 2030, USD Million
TABLE 9 North America Conductive patient cooling systems Market, by Country, 2019 - 2022, USD Million
TABLE 10 North America Conductive patient cooling systems Market, by Country, 2023 - 2030, USD Million
TABLE 11 North America Conductive patient warming systems Market, by Country, 2019 - 2022, USD Million
TABLE 12 North America Conductive patient warming systems Market, by Country, 2023 - 2030, USD Million
TABLE 13 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 14 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 15 North America Temperature Modulation Devices Market, by Country, 2019 - 2022, USD Million
TABLE 16 North America Temperature Modulation Devices Market, by Country, 2023 - 2030, USD Million
TABLE 17 US Temperature Modulation Devices Market, 2019 - 2022, USD Million
TABLE 18 US Temperature Modulation Devices Market, 2023 - 2030, USD Million
TABLE 19 US Temperature Modulation Devices Market, by Product, 2019 - 2022, USD Million
TABLE 20 US Temperature Modulation Devices Market, by Product, 2023 - 2030, USD Million
TABLE 21 Canada Temperature Modulation Devices Market, 2019 - 2022, USD Million
TABLE 22 Canada Temperature Modulation Devices Market, 2023 - 2030, USD Million
TABLE 23 Canada Temperature Modulation Devices Market, by Product, 2019 - 2022, USD Million
TABLE 24 Canada Temperature Modulation Devices Market, by Product, 2023 - 2030, USD Million
TABLE 25 Mexico Temperature Modulation Devices Market, 2019 - 2022, USD Million
TABLE 26 Mexico Temperature Modulation Devices Market, 2023 - 2030, USD Million
TABLE 27 Mexico Temperature Modulation Devices Market, by Product, 2019 - 2022, USD Million
TABLE 28 Mexico Temperature Modulation Devices Market, by Product, 2023 - 2030, USD Million
TABLE 29 Rest of North America Temperature Modulation Devices Market, 2019 - 2022, USD Million
TABLE 30 Rest of North America Temperature Modulation Devices Market, 2023 - 2030, USD Million
TABLE 31 Rest of North America Temperature Modulation Devices Market, by Product, 2019 - 2022, USD Million
TABLE 32 Rest of North America Temperature Modulation Devices Market, by Product, 2023 - 2030, USD Million
TABLE 33 Key Information – Stryker Corporation
TABLE 34 Key Information – Gentherm Incorporated
TABLE 35 Key Information – 3M Company
TABLE 36 Key Information – Belmont Medical Technologies
TABLE 37 Key Information – The Surgical Company
TABLE 38 Key Information – Becton, Dickinson and Company
TABLE 39 Key information – ICU Medical, Inc.
TABLE 40 Key Information – Smiths Group PLC
TABLE 41 Key Information – General Electric Company
TABLE 42 Key Information – Barkey GmbH & Co. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Temperature Modulation Devices Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Temperature Modulation Devices Market
FIG 4 Porter’s Five Forces Analysis - Temperature Modulation Devices Market
FIG 5 North America Temperature Modulation Devices Market, Share by Product, 2022
FIG 6 North America Temperature Modulation Devices Market, Share by Product, 2030
FIG 7 North America Temperature Modulation Devices Market, by Product, 2019 - 2030, USD Million
FIG 8 North America Temperature Modulation Devices Market, Share by Country, 2022
FIG 9 North America Temperature Modulation Devices Market, Share by Country, 2030
FIG 10 North America Temperature Modulation Devices Market, by Country, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: Stryker Corporation
FIG 12 SWOT Analysis: Gentherm Incorporated
FIG 13 SWOT Analysis: 3M Company
FIG 14 SWOT Analysis: Belmont Medical Technologies
FIG 15 SWOT Analysis: Becton, Dickinson and company
FIG 16 SWOT Analysis: ICU Medical, Inc
FIG 17 SWOT Analysis: General electric (GE) Co.