Market World Patient Temperature Management Market | Page 3

In 2016, neonatal ICU held the second largest market share due to rise in number of childbirth and premature
deliveries. This is expected to further increase the demand of temperature management tools in neonatal ICU.
Regional Insights
On the basis of region, North America dominated the market in 2016 due to rising number of cardiac surgeries.
The rising awareness level among people and increase in healthcare expenditure also contributes to the growth
of the market. Advancement in technology in temperature management systems has increased the penetration
in the U.S.
Asia Pacific is expected to witness rapid growth over the forecast period. This is due to the untapped market in
the developing countries such as China and India. The increase in healthcare expenditure and increasing
disposable incomes also contributes to the growth of this market.
Competitive Insights
Some of the key companies of this market are Stryker Corporation; Cincinnati Sub-Zero Products,LLC ; ZOLL
Medical Corporation; The 37Company; Bard Medical, Inc.; 3M Company; Inditherm Plc; Medtronic, Inc.; and
Atom Medical Corporation among others.
Few strategic initiatives undertaken by the key players include mergers and acquisitions, new product
development, and geographic expansions. For instance, in order to expand the product portfolio of temperature
management systems, ZOLL Medical Corporation entered into an agreement with Philips InnerCool with an aim
to buy its temperature management business segment.
Market Segment:
Patient Temperature Management Product Outlook (Revenue, USD Million; 2014 - 2025)
• Patient Warming Systems
• Conventional Warming Systems
• Surface Warming Systems
• Intravascular Warming Systems
• Patient Cooling Systems
• Conventional Cooling Systems
• Surface Cooling Systems
• Intravascular Cooling Systems