Patient Temperature Monitoring Market 2022: Report Highlights the Competitive Scenario with Impact of Drivers and Challenges to 2028 | Medtronic, Cardinal Health, 3M, Becton, Dickinson and Company

One of the essential indications that indicates a person’s health is their temperature, which the medical community advises patients having surgery due to a serious illness to monitor and control as part of routine care. In preoperative warming, operating and surgery rooms, postoperative warming, critical care and intensive care units, chemotherapy, and emergency medical services, patient temperature monitoring devices are used. RTDs (resistance temperature detectors), semiconductor-based integrated circuits (IC), thermocouples, and thermistors are the four temperature sensor types that are most frequently employed in contemporary electronics.

The market for patient temperature monitoring is anticipated to reach US$ 3,711.8 million in 2022 and grow at a CAGR of 7.9% during the next five years (2022-2030).

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Market Drivers

Over the course of the projection period, market participants are anticipated to launch more patient temperature monitoring products, fueling the market’s expansion. A smart wearable thermometer with a sensor that attaches under the armpit and takes temperature readings every four seconds, for instance, was introduced by Celsium, a firm that manufactures body temperature monitoring devices, in November 2020. The thermometer includes a battery and a single-use adhesive patch for skin attachment.

Additionally, in October 2020, the U.S. Food and Drug Administration granted Emergency Use Authorization (EUA) to greenTEG, a manufacturer of body temperature monitoring devices, for COREmedical, a clinical thermometer.

The global patient temperature monitoring market is anticipated to increase as leading industry players collaborate and enter into partnerships more frequently. For instance, in October 2018, the consumer goods giant Reckitt Benckiser (RB) and VivaLNK, a developer of digital healthcare solutions, established a cooperation to sell wearable continuous temperature monitors all over the world. Both Enfasmart FeverSense and Nurofen FeverSmart are designed for parents who want to automatically monitor their child’s temperature changes so they can act quickly when a fever is detected.

Impact

Three key ways that COVID-19 has impacted the economy are directly impacting medication and vaccine demand and manufacturing, causing disruptions in the distribution system, and having an economic impact on businesses and financial markets. Many nations, including China, India, Saudi Arabia, the United Arab Emirates, Egypt, and others, experienced issues with the transfer of medicines and vaccines due to nationwide lockdowns.

Nevertheless, the COVID-19 pandemic had a favourable effect on the world market for patient temperature monitoring, as a result of rising product releases and a rise in patient temperature monitoring equipment demand. Devices for remote patient monitoring give patients the resources they need to successfully manage their chronic illnesses and understand the underlying causes of their specific pathologies.

For instance, in October 2020, greenTEG, a provider of medical technology, was granted a waiver status to market COREmedical under the Emergency Use Authorization (EUA), a regulation that lowers the standards for certain low-risk devices before they can be put on the market. COREmedical was created to support the global fight against the Covid-19 virus. Additionally, COREmedical is used for standard medical temperature tests, such as those done before to hospital admission and in the intensive care unit. A technological startup called Aranet also introduced a new medical-grade thermometer in April 2020 for hospitals around the world fighting COVID-19.

Key Developments

The U.S. Food and Drug Administration (FDA) gave its wearable remote patient monitoring device 510(k) clearance on March 28, 2022, according to Biobeat, a provider of wearable remote monitoring solutions.

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A medical device business called CIRCA Scientific, Inc. declared on March 3, 2022, that the U.S. Food and Drug Administration has now approved the sale of their S-CATH M esophageal temperature probe in the United States.

Market Restraint

Increased product recalls are the main factor predicted to impede the growth of the global market for patient temperature monitoring. Over the projected period, regulatory agencies’ increasing product recalls are anticipated to restrain the expansion of the global patient temperature monitoring market. Exergen Corporation, a producer of infrared scanners, thermometers, and sensors, for instance, requests in April 2022 that the U.S. Food and Drug Administration (FDA) recall these non-contact infrared thermometers and stop their further sales because of their hazard to the public’s health.

Additionally, a recent research from the U.S. Food and Drug Administration (FDA) shows that non-contact infrared thermometers (NCITs) do not accurately measure temperature when used on adults as directed and do not meet marketed accuracy criteria.

Additionally, in August 2018, the original equipment manufacturer Degania Silicon informed Medtronic, a medical device company, that they are recalling a number of production lots of Mon-a-Therm Foley catheters equipped with temperature sensors because the temperature sensors are faulty and report patient temperatures that are lower than they actually are.

Key Players

GreenTeg AG, Medtronic, Celsium, Cardinal Health, VivaLNk, Inc., 3M, Recon Health Inc., Becton, IWEECARE Co., Ltd, Dickinson and Company, Steadysense Gmbh, Geratherm Medical AG, DeltaTrack Inc., A&D Medical, Microlife Corporation, Braun, Dongguan Actherm Medical Corp, Paul Hartmann AG, Nureca, Masimo, and Koninklijke Philips N.V.

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Table of Contents

1. Research Objectives and Assumptions
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snapshot, By Product
     • Market Snapshot, By Site
     • Market Snapshot, By Application
     • Market Snapshot, By End User
     • Market Snapshot, By Region
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Impact Analysis
   • PEST Analysis
   • Key Development
   • Porter’s Fiver Forces Analysis
   • Regulatory Scenario
   • Brand Mapping
   • Merger, Acquisition and Collaboration Scenario
4. Global Patient Temperature Monitoring Market- Impact of Coronavirus (Covid-19) Pandemic
   • Overall Impact
   • Impact on Supply and Demand
   • COVID-19 Impact on the market
5. Global Patient Temperature Monitoring Market, By Product, 2017 – 2030, (US$ Million)
   • Overview
     • Market Share Analysis, 2022 and 2030 (%)
     • Y-o-Y Growth Analysis, 2017 – 2030
     • Segment Trends
   • Smart Temperature Monitoring Patches
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
   • Table-Top Temperature Monitoring Devices
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
   • Wearable Continuous Monitoring Sensors
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Non-Invasive Vital Signs Monitoring Devices
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Continuous Core Body Temperature Monitoring Devices
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
   • Handheld Temperature Monitoring Devices
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Mercury Thermometers
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Digital Thermometer
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Infrared Thermometer
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
   • Invasive Temperature Monitoring Devices
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
6. Global Patient Temperature Monitoring Market, By Site, 2017 – 2030, (US$ Million)
   • Overview
     • Market Share Analysis, 2022 and 2030 (%)
     • Y-o-Y Growth Analysis, 2017 – 2030
     • Segment Trends
   • Noninvasive Temperature Monitoring
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Tympanic Membrane Temperature Monitoring
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Oral Temperature Monitoring
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Axillary and Temporal Artery Temperature Monitoring
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
   • Invasive Temperature Monitoring
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Rectal Temperature Monitoring
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Esophageal Temperature Monitoring
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Nasopharynx Temperature Monitoring
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
       • Urinary Bladder Temperature Monitoring
         • Overview
         • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
7. Global Patient Temperature Monitoring Market, By Application, 2017 – 2030, (US$ Million)
   • Overview
     • Market Share Analysis, 2022 and 2030 (%)
     • Y-o-Y Growth Analysis, 2017 – 2030
     • Segment Trends
   • Blood Transfusion
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
   • Hypothermia
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
   • Anesthesia
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
   • Pyrexia/Fever
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
   • Others
     • Overview
     • Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)

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