The patient temperature monitoring market is expected to grow from US$ 2,946.47 million in 2019 to US$ 4,386.01 million in 2027 with predicted CAGR of a CAGR of 5.2% from 2020 to 2027.
Company Profiles Analysis- 3M, American Diagnostic Corporation, Cardinal Health Inc., Drägerwerk AG & Co. KGaA, Oura, Ava Science Inc, Tempdrop LLC., Braun GmbH (P&G Brand), Biofourmis Inc., Fertility Focus Limited, Fairhaven Health, LLC, VivoSensMedical GmbH, Valley Electronics AG, Cycle Technologies, and Natural Cycles Nordic AB, among others.
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Majority of the population in developed as well as developing countries is undergoing rapid shift from conventional care to preventive care. Healthcare institutions and people across the globe are implementing the concept of preventive care and holistic wellness approach to treat health related conditions. This novel concept of preventive care includes planned doctor visits, immunizations, medications, and screenings. Continuous patient temperature monitoring is one of the important aspects in preventive care. Further, government authorities also focus on implementing these preventive measures to prevent or minimize the occurrence of disease. For instance, Centers of Disease Control and Prevention recommends that all business units should screen the employees’ temperature on daily basis in order keep track of this prime body vital sign. Such rising emphasis on preventive care and continuous temperature monitoring are extensively projected to drive the market growth during the forecast period.
The growth of the patient temperature monitoring market is attributed to the growing prevalence of chronic and infectious diseases, and increasing awareness regarding the benefits and usefulness of patient temperature monitoring. The global patient temperature monitoring market, based on application, is segmented into pyrexia/fever, hypothermia, blood transfusion, anesthesia, and other applications (sleep management and weight management). The pyrexia/fever segment held the largest share of the market in 2019, and it is estimated to register the highest CAGR in during the forecast period.
Global Patient Temperature Monitoring Market – By Product
- Wearable Continuous Monitoring Sensors
- Smart Temperature Monitoring Patches
- Table-Top Temperature Monitoring Devices
- Non-invasive Vital Signs Monitoring Devices Market
- Continuous Core Body Temperature Monitoring Devices Market
- Handheld Temperature Monitoring Devices
- Mercury Thermometers Market
- Digital Thermometers Market
- Infrared Thermometers Market
- Invasive Temperature Monitoring Devices
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Based on application, the patient temperature monitoring market is segmented into pyrexia/fever, hypothermia, blood transfusion, anesthesia, and other applications (sleep, weight management). In 2019, pyrexia/fever segment held the largest share of the market on the back of the increasing adoption of thermometers to monitor and detect fever. The market for pyrexia/fever segment is also estimated to grow at the highest CAGR during the forecast period.
Global Patient Temperature Monitoring Market – By Site
- Non-invasive Temperature Monitoring
- Oral Temperature Monitoring Market
- Axillary and Temporal Artery Temperature Monitoring Market
- Tympanic Membrane Temperature Monitoring Market
- Invasive Temperature Monitoring
- Esophageal Temperature Monitoring Market
- Nasopharynx Temperature Monitoring Market
- Urinary Bladder Temperature Monitoring Market
- Rectal Temperature Monitoring Market
Based on product, the patient temperature monitoring market is segmented into wearable continuous monitoring sensors, smart temperature monitoring patches, table-top temperature monitoring devices, handheld temperature monitoring devices, and invasive temperature monitoring devices. Table-top temperature monitoring devices are further classified as noninvasive vital signs monitoring devices and continuous core body temperature monitoring devices. Moreover, the market for handheld temperature monitoring devices is subsegmented into digital thermometers, infrared thermometers, and mercury thermometers. In 2019 handheld patient monitoring devices held the largest share of the market, and it is further projected to register the highest CAGR during the forecast period.
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