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Temperature Modulation Devices Market Size
- Report ID: GMI7440
- Published Date: Nov 2023
- Report Format: PDF
Temperature Modulation Devices Market Size
Temperature Modulation Devices Market was valued at USD 2.4 billion in 2022 and is estimated to grow at over 7.4% CAGR from 2023 to 2032. These devices are instruments or systems designed to control or alter the temperature of a specific environment, substance, or process.
The market for temperature modulation devices is anticipated to be driven by an increase in surgical procedures performed globally and a rise in the number of fatal car accidents. As per estimates, in 2021, the number of surgical procedures rose by approximately 54% in the U.S. Furthermore, rising blood warmer demand from the military/defense and ambulatory surgical centers, anticipated to support the market's expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Temperature Modulation Devices Market Size in 2022: | USD 2.4 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.4% |
| 2032 Value Projection: | USD 4.9 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 185 |
| Tables, Charts & Figures: | 291 |
| Segments covered: | Product, Application, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Moreover, patient temperature management devices are often required due to the high prevalence of hypothermia among patients worldwide. The danger of death is increased by elements including blood loss from trauma or shock, harsh surroundings, natural disasters, and cold-stored blood or IV that could result in hypothermia, fueling the market's growth.
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Temperature Modulation Devices Market Scope
