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Temperature Modulation Devices Market Share

Report ID: GMI7440
Published Date: Nov 2023
Report Format: PDF

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Temperature Modulation Devices Market Share

The temperature modulation devices industry is fragmented, with key players including Boston Scientific Corporation and others dominating the market. These companies focus on ongoing product innovation, geographical expansion, and partnerships to secure substantial market shares. For instance, in August 2019, Boston Scientific Corporation announced that it paid roughly USD 4.2 billion to acquire BTG plc, a UK-based supplier of medical technologies for vascular and cancer disorders. Boston Scientific sought to fortify its position in the international interventional oncology market and broaden its range of products through the acquisition.

Some of the eminent market participants operating in the temperature modulation devices industry include:

3M Company
ABB Group
Analog Devices Inc Barkey
Barkey GmbH & Co. KG
BD (Becton, Dickinson, and Company)
Belmont Medical Technologies
BrainCool AB
EMIT Corp.
General Electric Company
Gentherm Medical
Keewell Medical Technology Co., Ltd.
Kimberly-Clark
Mennen Medical
Meridian Medical, Inc.
Siemens Healthineers AG
Smith's Medical, Inc.
STMicroelectronics N.V.
Stryker Corp.
Texas instruments, Inc.
The 37Company

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Temperature modulation devices industry was valued at USD 2.4 billion in 2022 and is projected to reach over USD 4.9 billion by 2032, driven by an increase in surgical procedures performed globally and a rise in the number of fatal car accidents.

The acute care application segment accounted for 34% market share in 2022 and is projected to witness substantial gains by 2032, as temperature modulation devices are widely used for maintaining and controlling body temperature during patient management & recovery.

U.S. temperature modulation devices industry was worth USD 911 million in 2022 and is anticipated to grow robustly through 2032 due to rising number of trauma cases, robust healthcare infrastructure, and technological advancements.

3M Company, ABB Group, Analog Devices Inc Barkey, Barkey GmbH & Co. KG, BD (Becton, Dickinson, and Company), Belmont Medical Technologies are some of the major industry contenders.