Business

Patient Temperature Management Systems Market Latest Research, Trend and Forecast by 2026

Patient temperature management systems are used to help patients stay normothermic, before, during, and after surgery. In case of patients receiving general or local anesthesia, their body temperature fluctuates, which could be life-threating, thus medical professionals use patient temperature management systems to avoid such circumstances. Novel product launches and increasing number of surgeries are increasing the demand for patient temperature management systems, thus driving growth of the patient temperature management system market.

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Attune Medical, formerly known as Advanced Cooling Therapy, founded in 2014, received an Innovative Technology contract for demonstrating an enhanced ability to improve clinical care or patient safety, from Vizient, Inc., for its Esophageal Cooling Device (ECD), in 2017. Furthermore, in May 2018, Attune Medical received FDA clearance for its EnsoETM, also known as ECD, which is a targeted temperature management device to warm patients with Cincinnati Sub-Zero’s Norm-O-Temp, a hyperthermia system. The company also received clearance for using EnsoETM with Medi-Therm III by Stryker in 2015. Increasing number of such clearances to use products in combination with products of major manufacturers such as Stryker and Cincinnati Sub-Zero Products, LLC, in turn, is expected to boost the company’s market share. Moreover, VitaHEAT Medical also received innovative technology contract from Vizient, Inc. for its VitaHeat UB3 Patient warming solution in 2017.

Strategic agreement, mergers, and collaborations by market players to expand their geographic reach, is in turn, fueling patient temperature management systems market growth. For instance, in 2016, VitaHEAT Medical LLC, privately held medical company, and 3M Company signed an agreement under which 3M received exclusive rights for the distribution of VitaHEAT UB3 patient warming systems in the U.S. Furthermore, in 2017, VitaHEAT Medical and 3M Company expanded their partnership, which included both equity investment and an exclusive U.S. distribution agreement, aiming to achieve scaling and development of its next generation patient warming technologies. Such strategies are expected to increase company’s market share in the global patient temperature management systems market. Furthermore, in same year, company expanded sales distribution with Medline Industries, Inc., for providing full access to clinicians across the country.

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Major players operating in the patient temperature management systems market include 3M Company, Cincinnati Sub-Zero Products, LLC, C.R. Bard, Inc., Zoll Medical Corporation, Smith Medicals, Stryker Corporation, Medtronic plc, and The 37Company.