Patient Temperature Monitoring Market Size by Product, Site, Application, UEndser, Region, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2029
Overview
Global Patient Temperature Monitoring Market is expected to grow at a CAGR of 5.5% during the forecast period and the market size is expected to reach nearly US$ 4.42 Bn by 2029.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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A patient temperature monitor is a portable measurement device that is capable of autonomously recording temperature over a sharp period of time. A patient temperature monitoring device is usually used to monitor shipments in a cold chain and to gather temperature data from diverse field conditions.
Increasing awareness regarding remote monitoring in outpatient settings and high patient pool having long-term pathologies would create commercial opportunities in this market. Furthermore, a high cost of these devices and the lack of awareness in developing nations may hamper the market growth. Additionally, the risks associated with invasive monitoring devices are anticipated to challenge market growth to a certain extent in the coming years.
Patient temperature monitoring market is segmented by product, site, application, end user, and region. Among products, tabletop temperature monitoring devices segment market accounted for the xx% share in 2022 due to its advanced features, a high cost of alternative devices and raising awareness for continuous patient monitoring.
Based on sites, non-invasive temperature monitoring is expected to be one of the fastest growing segments in the forecast period. The market growth can be attributed to technological advancement in temperature measurement.
Among regions, the North America region is expected to grow at the xx% CAGR during the forecast period due to significant adoption of wireless portable temperature monitoring devices and rising adoption of fitness tracking devices by sports industry. The Asia Pacific region is expected to grow at the xx% CAGR during the forecast period due to increasing per capita income, growing public health awareness, healthcare expenditure, the rising prevalence of lifestyle diseases, improving treatment rates, better newborn screening programs, and improvement in healthcare access.
The industry player’s focus on strategic partnerships, mergers and collaborations, as well as innovative product, launches to expand their business product portfolio as main strategies.
There is a sturdy growth in the production as new companies are entering the patient temperature monitoring market. For example, in May 2021, a leading medical devices company, Medtronic (Ireland) announced its intentions to enter the patient temperature monitoring market.
In the patient temperature monitoring market, 3M (US), holds the leadership position due to production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions. In 2022, the company has adopted new product launches, product enhancements, and geographic expansion as its crucial business plans to certify its dominance in this market.
Patient Temperature Monitoring Market Scope: Inquire before buying
| Global Patient Temperature Monitoring Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 3.03 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 5.5% | Market Size in 2029: | US $ 4.42 Bn. |
| Segments Covered: | by Product | Wearable Continuous Temperature Sensors Smart Temperature Monitoring Patches Table-top Temperature Monitoring Devices Noninvasive Vital-signs Monitoring Devices Continuous Core Body Temperature Monitoring Devices Handheld Temperature Monitoring Devices Mercury Thermometers Digital Thermometers Infrared Thermometers Invasive Temperature Monitoring Devices |
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| by Site | Noninvasive Temperature Monitoring Oral Temperature Monitoring Axillary and Temporal Artery Temperature Monitoring Tympanic Membrane Temperature Monitoring Invasive Temperature Monitoring Esophageal Temperature Monitoring Nasopharynx Temperature Monitoring Urinary Bladder Temperature Monitoring Rectal Temperature Monitoring |
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| by Application | Pyrexia/Fever Hypothermia Blood Transfusion Anesthesia Other Applications |
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| by -UEndser | Hospital and Surgical Centers Nursing Facilities Home care Ambulatory Care Centers Other End Users |
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Patient Temperature Monitoring Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Patient Temperature Monitoring Market Key Players
1. 3M
2. Cardinal Health
3. Koninklijke Philips N.V
4. Hill-Rom Holdings
5. Drägerwerk AG & Co. KGaA
6. Cardinal Health
7. Terumo Medical Corporation
8. Masimo
9. Microlife Corporation
10. Procter & Gamble
11. Actherm Inc.
12. American Diagnostic Corporation
13. Briggs Healthcare
14. HICKS
15. Medtronic
16. Sanomedics International Holdings Inc.
17. Welch Allyn
18. Medium Healthcare
19. Cosinuss GmbH
20. Helen of Troy
21. Omron Healthcare, Inc.
22. BD
Frequently Asked Questions:
1. Which region has the largest share in Global Patient Temperature Monitoring Market?
Ans: North America region held the highest share in 2022.
2. What is the growth rate of Global Patient Temperature Monitoring Market?
Ans: The Global market is growing at a CAGR of 5.5% during forecasting period 2023-2029.
3. What is scope of the Global Patient Temperature Monitoring market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Patient Temperature Monitoring market?
Ans: The important key players in the Global market are – 3M, Cardinal Health, Koninklijke Philips N.V, Hill-Rom Holdings, Drägerwerk AG & Co. KGaA, Cardinal Health, Terumo Medical Corporation, Masimo, Microlife Corporation, Procter & Gamble, Actherm Inc., American Diagnostic Corporation, Briggs Healthcare, HICKS, Medtronic, Sanomedics International Holdings Inc., Welch Allyn, and Medium Healthcare
5. What is the study period of this market?
Ans: The Global market is studied from 2022 to 2029.