The North America Temperature Modulation Devices Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030).
Integrating thermoelectric heating elements, which harness the Seebeck effect, has emerged as a sustainable and efficient method for patient temperature management. These elements provide consistent and precise temperature control while minimizing energy consumption. By eliminating the need for traditional heating methods, such as resistive heating, thermoelectric heating elements significantly reduce the carbon footprint of temperature modulation devices. Likewise, the use of intelligent control systems, facilitated by the Internet of Things (IoT) and artificial intelligence (AI), has revolutionized temperature modulation devices.
These systems are equipped with sensors, data collection capabilities, and connectivity, allowing for real-time monitoring and adjustment of patient temperature. In modern healthcare, smart temperature modulation devices are widely employed in various settings, from hospital wards to home care. These systems enable the precise management of patient temperature, ensuring that therapeutic outcomes are optimized. In addition, they offer a higher level of convenience for healthcare professionals and caregivers, as they can remotely monitor and adjust patient temperature based on real-time data.
Healthcare providers in North America are increasingly aware of the risks associated with perioperative hypothermia. Prolonged exposure to cold operating rooms can lead to hypothermia, which can result in adverse outcomes for patients. According to the National Library of Medicine, in the United States, between 700 and 1500 patients have hypothermia recorded on their death certificates each year. Men are ten times more likely than women to be affected, and the age range affected is adults between 30 and 49. Those with moderate to severe hypothermia still have a mortality rate close to 50%, even with supportive in-hospital care. Therefore, rising cases of life-threatening diseases and an increasing elderly population in North America will boost the demand for temperature modulation devices.
The US market dominated the North America Temperature Modulation Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,200.4 Million by 2030. The Canada market is registering a CAGR of 8.8% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 7.9% during (2023 - 2030).
Based on Product, the market is segmented into Convective patient warming systems, Portable Blood/IV fluid warmers, Conductive patient cooling systems, Conductive patient warming systems, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Temperature Modulation Devices Market is Predict to reach $4.4 Billion by 2030, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stryker Corporation, Gentherm Incorporated (Gentherm Medical), Belmont Medical Technologies (Audax Managment Company, LLC), Becton, Dickinson and Company, 3M Company, The Surgical Company, ICU Medical, Inc., Smiths Group plc, General Electric Company and Barkey GmbH & Co. KG.
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