PUBLISHER: The Business Research Company | PRODUCT CODE: 1707052
PUBLISHER: The Business Research Company | PRODUCT CODE: 1707052
Temperature modulation devices are medical instruments crafted to precisely control and maintain the body temperature of patients. These devices play a crucial role in various clinical settings, allowing for the adjustment of a patient's body temperature to achieve therapeutic goals. Depending on the clinical context, these devices are utilized for patient warming or cooling to ensure optimal physiological conditions during medical treatments and surgeries.
The primary types of temperature modulation devices include portable blood or IV fluid warmers, conductive patient warming systems, convective patient warming systems, conductive patient cooling systems, among others. Portable blood or IV fluid warmers are compact devices designed to rapidly and safely warm blood or intravenous fluids to the required temperature before administration to patients. They find applications in perioperative care, acute care, coronary care, newborn care, and other medical contexts. These devices are utilized by various end-users including hospitals, diagnostic laboratories, ambulatory surgical centers, and others.
The temperature modulation devices market research report is one of a series of new reports from The Business Research Company that provides temperature modulation devices market statistics, including the temperature modulation devices industry global market size, regional shares, competitors with temperature modulation devices market share, detailed temperature modulation devices market segments, market trends, and opportunities, and any further data you may need to thrive in the temperature modulation devices industry. These temperature modulation devices market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The temperature modulation devices market size has grown strongly in recent years. It will grow from $3.19 billion in 2024 to $3.51 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to increasing industrialization, growing healthcare demands, rising agricultural needs, expanding scientific research, and advancing environmental concerns.
The temperature modulation devices market size is expected to see strong growth in the next few years. It will grow to $5.04 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to expanding urbanization, increasing climate change impacts, growing demand for energy efficiency, advancing digitalization and IoT integration, and rising healthcare and pharmaceutical innovations. Major trends in the forecast period include smart and connected systems, renewable energy integration, precision temperature control, modular and scalable designs, and predictive maintenance solutions.
The upward trend in surgical procedures is poised to drive the growth of the temperature modulation devices market in the foreseeable future. Surgical procedures encompass medical interventions that involve incisions or manipulation of bodily tissues to diagnose, treat, or manage medical conditions. Increased access to healthcare services has contributed to a rise in surgical procedures, facilitated by advancements in healthcare infrastructure, expanded healthcare financing, and the establishment of new healthcare facilities, enabling more patients to access essential surgical care. Temperature modulation devices are employed in surgical procedures to maintain optimal body temperature, preventing hypothermia or hyperthermia and promoting patient safety and comfort. For instance, in March 2023, the British Association of Aesthetic Plastic Surgeons reported a significant increase in cosmetic surgical procedures performed, totaling 31,057 in 2022, marking a notable 102% surge compared to 2021. Therefore, the growing number of surgical procedures is fueling the expansion of the temperature modulation devices market.
Companies in the temperature modulation devices market are concentrating on developing advanced technologies to offer unique features, such as waveform digitization functions, to enhance the precision and effectiveness of temperature control in clinical settings, thereby improving patient outcomes and operational efficiency. Waveform digitization involves converting continuous analog signals into discrete digital signals to accurately measure and control temperature modulation in various industries. For example, in March 2024, Omron Corporation introduced the OMRON NX-HTC, a temperature controller designed to facilitate advanced machine status analysis by enhancing monitoring and regulation capabilities. The NX-HTC utilizes a distinctive waveform digitization function, enabling users to capture and analyze temperature patterns precisely. Additionally, it is equipped with advanced analytics capabilities for real-time monitoring and analysis of machine status, facilitating proactive maintenance, improved efficiency, and reduced downtime. The NX-HTC ensures stable automatic control against foreseeable temperature variations, contributing to quality improvement and increased production capacity. It supports temperature measurement ranges from -50 to 500°C and -50 to 1,000°C types.
In April 2024, Haemonetics Corporation completed the acquisition of Attune Medical for $160 million. This acquisition aims to enhance Haemonetics' medical technology portfolio by integrating Attune Medical's innovative ensoETM proactive esophageal cooling device. This strategic move will expand Haemonetics' range of temperature regulation devices, meeting critical patient care and procedural safety requirements. Attune Medical is a US-based medical device company known for its ensoETM proactive esophageal cooling device, designed to enhance patient care.
Major companies operating in the temperature modulation devices market are Thermo Fisher Scientific Inc, Medtronic plc, ABB Group, FUJIFILM Holdings Corporation, Kimberly-Clark Corporation, Becton Dickinson and Company, Stryker Corporation, Baxter Laboratories Inc, Analog Devices Inc, Shimadzu Corporation, Smiths Group, Dragerwerk AG & Co KGaA, ICU Medical Inc, Masimo Corporation, ZOLL Medical Corporation, Gentherm Medical LLC, Cincinnati Sub-Zero (CSZ) Products LLC, Soma Technology Inc., Belmont Medical Technologies, The Surgical Company, BrainCool AB, Minnesota Mining and Manufacturing Company, Hirtz & Co. KG, EMIT Corporation, Keewell Medical Technology Co Ltd
North America was the largest region in the temperature modulation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the temperature modulation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the temperature modulation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The temperature modulation devices market consists of sales of thermostats, HVAC systems, heat exchangers, temperature controllers, and cooling systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Temperature Modulation Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on temperature modulation devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for temperature modulation devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The temperature modulation devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.