Europe Temperature Management Systems Market
The European temperature management systems market is divided into Germany, the UK, France, Italy, and Spain. Countries such as Italy and France are expected to be the largest contributor to the temperature management systems market. The market is expected to grow significantly, owing to the growing geriatric population, and increasing prevalence of cardiovascular diseases in the region. In Europe, Germany is the only country who has more population, however, in France, approximately one fifth of the French people fall under the category of elder population. Most of the French people are over the age of 65 years. As per the statistics portal the number of people over the age of 65 years has increased more significantly, it has grown approximately to 2.43 million, which is approximately near to 12.6% in 2017. Thus, the rise in the geriatric population leads to the risk of the age-related diseases such as hypertension, diabetes, cardiovascular and more. Therefore, the need of the surgical procedures is rising in the region. Ascent in number of surgical procedures is the major factor driving the growth of the Europe temperature management systems market.
After Asia, the European region is highly affected by the outbreak of the COVID-19 pandemic. Countries like Italy, Spain, the UK, Germany, France, and other European counties such as Russia, Switzerland are highly affected. Most of the deaths were registered in these countries in the initial phases of the pandemic onset. The EU countries even faced the second wave of the pandemic. Therefore, to control the spread of coronavirus, governments of various countries have implemented lockdown. Additionally, In UK, the practice of cardiovascular and neurological surgeries has been changed. Increasing COVID-19 has impacted the treatment of diseases, due to the diversification of the medical work force and decision to focus on treating the critically ill. Thus, the reducing volumes of surgeries performed on patients due to threat of transmission of COVID-19 among various countries of Europe is likely to slow down the growth of the temperature management systems market.
Strategic insights for the Europe Temperature Management Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 691.25 Million |
| Market Size by 2028 | US$ 958.56 Million |
| Global CAGR (2021 - 2028) | 4.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Temperature Management Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The temperature management systems market in Europe is expected to grow from US$ 691.25 million in 2021 to US$ 958.56 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. Wearables are evolving rapidly and are expected to be the new trend in the temperature management system market. Heat due to power consumption causes both circuit malfunctions and low temperature burns to users. Therefore, researchers are proposing thermal management methods using wearable devices with higher performance. A wearable device is a patch that controls the temperature of the patient’s body as per the wearer’s preference. This is bolstering the growth of the Europe temperature management systems market.
The market for Europe temperature management systems market is segmented into product, application, medical indication, and country. Based on product, the market is segmented into patient warming systems and patient cooling systems. The patient warming systems segment dominated the market in 2020 and patient cooling systems segment is expected to be the fastest growing during the forecast period. Further patient warming systems has been bifurcated into surface warming systems, intravascular warming systems, and warming accessories. Similarly patient cooling systems is bifurcated into surface cooling systems, intravascular cooling systems, and cooling accessories. Based on application the market is segmented into perioperative care, acute care, newborn care, and others. The perioperative care segment dominated the market in 2020 and acute care segment is expected to be the fastest growing during the forecast period. Based on medical indication the market is segmented into general surgery, cardiology, neurology, pediatrics, thoracic surgery, orthopedic surgery, and others. The general surgery segment dominated the market in 2020 and cardiology segment is expected to be the fastest growing during the forecast period.
A few major primary and secondary sources referred to for preparing this report on the temperature management systems market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 3M, BD, Dragerwerk AG & Co. KGaA, Ecolab, GENTHERM, Geratherm Medical AG Inspiration Healthcare Group plc, Smiths Medical, Stryker Corporation, and ZOLL MEDICAL CORPORATION among others.
The Europe Temperature Management Systems Market is valued at US$ 691.25 Million in 2021, it is projected to reach US$ 958.56 Million by 2028.
As per our report Europe Temperature Management Systems Market, the market size is valued at US$ 691.25 Million in 2021, projecting it to reach US$ 958.56 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The Europe Temperature Management Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Temperature Management Systems Market report:
The Europe Temperature Management Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Temperature Management Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Temperature Management Systems Market value chain can benefit from the information contained in a comprehensive market report.
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