Industry Background:
Patient Temperature Management Devices is applied in Operating Room, ICU, Emergency Room, and Others. The most of Patient Temperature Management Devices is used in Operating Room. Huge number of surgeries are performed throughout the world which requires use of patient monitoring in while surgery is carried out. Warming systems are essential to avoid any further intraoperative hypothermia in surgeries. High Adoption Rate of patient monitoring devices are driving the Global patient temperature monitoring device.This growth is primarily driven by Favorable Government Initiatives Related to Temperature Management and Other Healthcare Regimes, Advancement in Temperature Management Devices Technology and Rising Awareness about Healthcare and Increasing Healthcare Spending.
Globally, a noticeable market trend is evident Introduction of Innovative, Multifunctional Patient Temperature Management Products. Major Players, such as 3M (United States), Cardinal Health (United States), Koninklijke Philips N.V. (Netherlands), Hill-Rom Holdings (United States), Drägerwerk AG & Co. KGaA (Germany), Terumo Medical Corporation (Japan), Masimo Corporation (United States), Microlife Corporation (Taiwan) and Procter & Gamble (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In January 2018, Attune Medical released results from a clinical study of its Enso esophageal temperature management device, touting that its ability to supplement surface warming and catheter-based cooling devices and to provide warming in procedures not amenable to surface warming.
Regulatory Insights:
In 2018, -Medical device firm Attune Medical has received clearance from the US Food and Drug Administration (FDA) for new models of its EnsoETMTM targeted temperature management device to raise or maintain patient temperature with Cincinnati Sub-Zero’s Norm-O-Temp Hyperthermia System. This is the company’s first clearance specifically focused on the warming application to combat patient hypothermia.
Market Drivers
- Favorable Government Initiatives Related to Temperature Management and Other Healthcare Regimes
- Advancement in Temperature Management Devices Technology
- Rising Awareness about Healthcare and Increasing Healthcare Spending
Market Trend
- Introduction of Innovative, Multifunctional Patient Temperature Management Products
Restraints
- Pricing pressure and intense competitiveness for the Market is expected to hamper the growth
Opportunities
New Entrants in the Emerging Economies and Soaring Number of Hospitals, Healthcare Centers, Ambulatory Care Units, and Critical or Emergency Care Centers
Challenges
Issues Related to Rectal Temperature Monitoring
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Patient Temperature Management Device Study Sheds Light on
The Patient Temperature Management Device Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Patient Temperature Management Device industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Patient Temperature Management Device industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.