Innovative patient temperature monitoring products are being developed by leading industry players and researchers, and this is anticipated to drive the market’s growth over the forecast period. For instance, on December 8, 2021, Recon Health announced that its virtual Care Patch for remote patient monitoring and diagnostics would have a proprietary core body temperature sensor technology for continuous and non-invasive core body temperature measuring.
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Impact
The financial standing of companies in all industries, including the private healthcare sector, has been harmed by the COVID-19 epidemic and lockdowns in numerous nations throughout the world. Due to rigorous lockdown in certain areas, the COVID-19 pandemic has affected the whole supply chain of the healthcare business. One area where the COVID-19 epidemic has had a big influence is private healthcare.
Due to the rising product introductions and increased demand for patient monitoring devices during the COVID-19 pandemic, the COVID-19 pandemic did, however, have a positive effect on the global market for patient temperature monitoring. For instance, DeterPro announced the release of the US$ 12 low cost infrared thermometer DT09 on June 16, 2020. The thermometer has a two-year warranty. The DT09 from DeterPro is produced in accordance with CE, FDA, and WHO regulations.
Additionally, Masimo, a leading manufacturer of non-invasive patient monitoring technologies, announced the release of the Radius T continuous thermometer in October 2020. This linked sensor system may capture a patient’s temperature at a specific time so that it can be recorded.
Key Developments
Neptune Air, a non-contact infrared thermometer (NCIT) designed for taking a person’s temperature while minimising the possibility of cross-contamination, was introduced on May 12, 2020 by Neptune Wellness Solutions, Inc.
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Additionally, throughout the course of the forecast period, an increase in the prevalence of infectious disorders is anticipated to fuel market expansion. For example, 3.4 million emergency room visits in the United States in 2019 had the flu, measles, strep throat, COVID-19, or salmonella as the major diagnosis, according to data from the Centers for Disease Control and Prevention (CDC). Additionally, 523,000 emergency room visits with hospital admissions and a primary hospital discharge diagnosis of infectious or parasitic disorders occurred in 2019.
Key Takeaways
Due to the increasing number of products being introduced by the major market players, the global market for patient temperature monitoring is anticipated to grow at a CAGR of 7.9% over the course of the projected period. For instance, Neptune Wellness Solutions, Inc. debuted Neptune Air on May 12, 2020, a non-contact infrared thermometer (NCIT) designed for taking someone’s temperature while lowering the possibility of cross-contamination.
Due to growing partnerships for product launches by the major market players, the portable temperature monitoring devices segment is anticipated to have a dominating position among products in the worldwide patient temperature monitoring market over the forecast period. For instance, on May 26, 2020, the wearable and healthcare device business Segun life and the consumer electronics company TCL Technology will jointly introduce an infrared handheld temperature monitoring thermometer for patient temperature detection in India.
Due to an increase in product launches by the major companies in the U.S. in North America, North America is predicted to hold the biggest market share in the global patient temperature monitoring market over the forecast period. For instance, on May 13, 2020, the manufacturing business Emerson Electric Co.’s subsidiary Cooper-Atkins Corporation introduced the 4DET-306-01 infrared forehead thermometer, which was created expressly for use in temperature monitoring on the forehead.
GreenTeg AG, Medtronic, Celsium, Cardinal Health, VivaLNk, Inc., Becton, Dickinson and Company, Recon Health Inc., Geratherm Medical AG, IWEECARE Co., Ltd, A&D Medical, Steadysense Gmbh, Braun, Dongguan Actherm Medical Corp, Paul Hartmann AG, Microlife Corporation, Nureca, and Koninklijke Philips N.V. are significant.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 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)
- Report Description
- 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
- Market Dynamics
- Global Patient Temperature Monitoring Market- Impact of Coronavirus (Covid-19) Pandemic
- Overall Impact
- Impact on Supply and Demand
- COVID-19 Impact on the market
- 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)
- Non-Invasive Vital Signs Monitoring Devices
- 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)
- Mercury Thermometers
- Invasive Temperature Monitoring Devices
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
- 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)
- Tympanic Membrane Temperature Monitoring
- 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)
- Rectal Temperature Monitoring
- Overview
- 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)
- Overview
- Global Patient Temperature Monitoring Market, By End User, 2017 – 2030 (US$ Million)
- Overview
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Emergency Rooms
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Intensive Care Units
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Emergency Rooms
- Ambulatory Care Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Nursing Facilities
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Home Care Settings
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2017–2030, (US$ Million)
- Overview
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