Dublin, July 20, 2023 (GLOBE NEWSWIRE) -- The "Global Temperature Modulation Devices Market (2023-2028) by Type, Application, End-User, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Temperature Modulation Devices Market is estimated to be USD 2.59 Bn in 2023 and is expected to reach USD 3.82 Bn by 2028, growing at a CAGR of 8.11%.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Temperature Modulation Devices Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Temperature Modulation Devices Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Temperature Modulation Devices Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $2.59 Billion |
| Forecasted Market Value (USD) by 2028 | $3.82 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Growing incidence of road accidents and other fatalities
- Increasing number of surgical procedures
- Growing demand for blood/IV warmers from ambulatory services and military sectors
- Upsurge in the need and requirement of outpatient care services
Restraints
- Temperature modulation devices are electricity dependent
- High cost associated with the implementation of predictive analysis
Opportunities
- Untapped opportunities in emerging regions
- Increase in R&D activities for the development of efficient temperature modulation devices
- Technological advancements in temperature modulation devices
Challenges
- Presence of ambiguous regulatory framework
- Adverse effect of temperature modulation devices
Companies Mentioned
- 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
Market Segmentation
The Global Temperature Modulation Devices Market is segmented based on Type, Application, End-User, and Geography.
li>By Type, the market is classified into Portable Blood/IV fluid warmers, Conductive patient warming systems, Convective patient warming systems, Conductive patient cooling systems, and Other Products & Accessories.
- By Application, the market is classified into Newborn Encephalopathy Induced Hypothermia, Surgery Induced Hypothermia, Accident Induced Hypothermia, and Cardiac Trauma Induced Hypothermia.
- By End-User, the market is classified into Hospitals and Ambulatory Surgical Centers.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/jt09il
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