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Patient Temperature Monitoring Market

Patient Temperature Monitoring Market

Patient Temperature Monitoring Market Analysis By Product (Handheld, Table-Top, Invasive, Smart & Wearable Patient Temperature Monitoring Devices) By Application, By End-User and By Region – Global Market Insights 2022 to 2026

Patient Temperature Monitoring Market
FACT7627MR
  • Aug-2022
  • List of Tables : 84
  • List of Figures : 112
  • 170 Pages
  • Healthcare

Patient Temperature Monitoring Market Outlook (2022-2026)

The global patient temperature monitoring market currently accounts for a valuation of US$ 5.6 billion and is expected to reach US$ 8.2 billion by the end of 2026. Worldwide demand for patient temperature monitoring devices is predicted to increase at a stellar CAGR of 10% from 2022 to 2026.

Sales of handheld patient temperature monitoring devices are expected to rise at a higher 13% CAGR over the forecast period due to their convenient, precise, and easy temperature monitoring features.

Report Attributes

Details

Patient Temperature Monitoring Market Size (2022)

US$ 5.6 Billion

Projected Market Value (2026)

US$ 8.2 Billion

Global Market Growth Rate (2022-2026)

10% CAGR

Market Share of Handheld Patient Temperature Monitoring Devices

65%

Key Companies Profiled

  • Beurer GmbH
  • Briggs Healthcare
  • Masimo Corporation
  • Medtronic plc
  • Microlife Corporation
  • Omron Healthcare, Inc.
  • Actherm Medical Crop.
  • American Diagnostic Corporation
  • Becton, Dickinson and Company
  • Cardinal Health, Inc.
  • Cosinuss GmbH
  • Helen of Troy Limited

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Sales Analysis of Patient Temperature Monitoring Devices (2017-2021) Vs Market Outlook (2022-2026)

“Rising Need for Monitoring Temperature During Infectious Diseases & Chronic Ailments”

According to Fact.MR, a market research and competitive intelligence provider, sales of patient temperature monitoring devices are projected to increase at a prolific CAGR of 10% from 2022 to 2026.

Patient temperature monitoring entails keeping a watch out for any changes in the temperatures of patients. It's crucial to keep track of the patient's body temperature when diagnosing a sickness. The ability to monitor body temperature can be useful in identifying any fever brought on by an illness, trauma, injury, or other medical condition.

The growing need for monitoring temperature during infectious diseases and chronic ailments is crucial for the market for body temperature monitoring devices. The global remote patient monitoring devices market is expected to grow as a result of the recent developments in patient temperature monitoring devices and the growing integration of modern technology platforms for patient temperature monitoring.

Patient temperature monitoring market forecast by Fact.MR

Why is Demand for Patient Temperature Monitoring Devices Surging across the World?

“Continuous Advancements in Temperature Monitoring Technology”

Patient body temperature changes are a response to factors unique to their condition. The human body controls its internal temperature to sustain natural defenses. The significance of ongoing temperature monitoring is further underscored by other clinical indicators such as hypothermia or hyperthermia, the presence of an infection, and the analysis of antimicrobial medications. These advantages are anticipated to hasten thermometer adoption during the forecast period.

Numerous manufacturers have created digital thermometers for accurate body temperature readings in response to the rising demand for such devices. Additionally, these devices have innovative technology to prevent fluctuating readings, minimize errors, and improve user handling facilities. These advancements are driving the patient monitoring systems market growth.

A battery-operated thermometer with temperature sensors and a digital display is known as a digital thermometer. These thermometers are utilized by medical professionals due to their precision, convenience, and engaging displays.

Digital thermometers also offer advantages, including portability, the convenience of use, extensive analysis, quick results, improved accuracy, and a lesser risk of mercury poisoning. Digital thermometers are also available in a variety of designs, such as digital ear, digital forehead, and digital armpit thermometers.

With the prevalence of cardiac arrest and other chronic heart disorders rising, more operations are being performed. Thus, to prevent negative effects on the brain, patient temperature regulation is now more important. Patients with cancer may potentially receive patient warming systems in addition to chemotherapy and radiation treatment for better outcomes.

Additionally, because it is common for neonates receiving neonatal care to endure temperature changes, their normal body temperatures are maintained by keeping them in incubators. The aforementioned elements consequently contribute to the growing demand for digital patient monitoring devices.

The concept of preventative care and a holistic wellness approach is being adopted by healthcare organizations and individuals worldwide to manage illnesses related to health. This advanced approach to preventative care entails scheduled medical visits, vaccinations, prescription drugs, and screenings.

One of the key components of preventative care is the ongoing monitoring of patient temperature. In addition, government organizations are concentrating on putting these preventative measures into place to stop or lessen the spread of diseases.

An Adaptive Approach to Modern-day Research Needs

What Barriers are Encountered by Manufacturers of Patient Temperature Monitoring Equipment?

“Lack of Skilled Workers & High Cost of Temperature Monitoring Equipment”

The market expansion is being hampered by the possibility of mercury poisoning from mercury-based thermometers. If the thermometer's glass breaks or is improperly cleaned, the silver ball inside is extremely hazardous to people. People are therefore less likely to use contact thermometers as a result of the considerable danger involved, which limits the market growth.

The high cost of specialized temperature monitoring equipment and a shortage of skilled workers who can efficiently handle and process these devices are the factors restraining the market expansion.

Where are New Market Entrants Focusing On?

“New Companies Focusing on Development of Patient Temperature Management Systems”

New market entrants are concentrating on the development of smart patient temperature management systems that can more accurately detect diseases. Emerging market participants are emphasizing the release of advanced and affordable products. New companies are entering into strategic alliances with leading competitors to make a prominent place in the market.

  • A start-up based in the U.S. – Thermaband - offers Thermaband Zone, a personal digital thermometer that utilizes temperature-regulating technology to help women going through menopause feel more at ease. Along with providing individualized health insights, the device cools or heats the user's wrist.

Why is North America Expected to Garner the Largest Market Share?

“Increased Funding for Digital Thermometer Clinical Trials in North America”

North America holds the highest share in the patient temperature monitoring market. The market in North America is projected to rise significantly as a result of increased funding for digital thermometer clinical trials.

Growing awareness regarding the use of patient temperature monitoring devices, a rise in surgical operations, growing demand for technologically advanced patient monitoring devices, and a rise in blood donation and transfusion are the factors driving the market expansion in North America.

Country-wise Insights

How is the U.S Driving Sales of Patient Temperature Monitoring Devices?

“Growing Usage of Wireless Temperature Monitoring Systems in the U.S.”

The U.S. market is expanding as a result of the increased incidence of diabetes and cancer, ongoing research into patient monitoring technology, and the widespread use of wireless temperature monitoring systems.

The U.S. market is expanding because of strict regulatory standards for medication research, the key presence of patient temperature monitoring device companies, rising health awareness, and an expanding geriatric population.

What is the Demand Outlook for Patient Temperature Monitoring Devices in China?

“Increasing Adoption of Digital Thermometers in China”

The patient temperature monitoring market in China is anticipated to rise at a CAGR of 13% from 2022 to 2026.

Growing sedentary lifestyles that lead to cardiac-related diseases and rising R&D expenditures for the development of patient temperature monitoring systems are fuelling the market expansion in China.

A majority of hospitals and households in China have switched from using conventional mercury-based thermometers to digital ones. The market is expected to rise as a result of continued innovations in body temperature monitoring technology and the availability of advanced healthcare systems.

Market expansion in China is being driven by rising public health awareness, an increase in product approvals, a rising prevalence of lifestyle illnesses, and more access to healthcare systems.

Category-wise Insights

Why are Handheld Patient Temperature Monitoring Devices Witnessing Higher Demand?

“Rising Preference for Early Infection Detection Driving Demand for Handheld Patient Temperature Monitoring Devices”

Based on product, the patient temperature monitoring market is divided into handheld, table-top, invasive, smart, and wearable. Handheld patient temperature monitoring devices account for over 65% share of the global market.

Demand for handheld patient temperature monitoring devices is being driven by a rising preference for early infection detection. Handheld patient temperature monitoring devices continued to have the greatest market share because of the growing patient convenience and increased availability.

The release of innovative and reasonably priced products as well as the increased reliance of healthcare professionals on handheld patient temperature monitoring devices to check on patients' health are the factors driving the market growth.

Which Application is Likely to Contribute the Most to Market Progress?

“Rising Incidences of Trauma & Hemolysis Driving Demand for Patient Temperature Monitoring Devices in Pyrexia/Fever Applications”

Based on application, the market is classified into blood transfusion, pyrexia/fever, anesthesia, hypothermia, and others. Demand for patient temperature monitoring devices in pyrexia/fever applications is expected to rise at a significant CAGR over the forecast period owing to the ageing population, as well as an increase in incidences of trauma and hemolysis.

Fever also results in symptoms such as exhaustion, dehydration, and heightened pain sensitivity. Fever is predicted to become more common due to the rising prevalence of diseases, which is expected to increase the demand for patient temperature monitoring systems over the coming years.

Will Hospitals Continue Accounting for Higher Sales of Patient Temperature Monitoring Devices?

“Emergence of Cutting-edge Body Temperature Monitoring Systems in Hospitals”

Based on end user, the market is classified into home care settings, nursing facilities, hospitals, ambulatory care centers, and others. The largest share of the global patient temperature monitoring market is held by hospitals.

The rise in medical tourism, the growing adoption of high-quality temperature monitoring devices by hospitals for accurate temperature detection and proper patient treatment, and a rise in government activities to assure high standards of infectious disease prevention are the factors boosting the usage of patient temperature monitoring devices in hospitals.

Increased rates of infectious diseases, an increase in the need for minimally invasive procedures, a high patient volume in hospitals, and the introduction of cutting-edge body temperature monitoring systems in hospitals are all factors contributing to the segment growth.

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Competitive Landscape

Patient temperature monitoring device suppliers are focused on new product releases, product upgrades, and global expansion. Expansion of the market is anticipated to be fueled by an increase in distribution partnerships as well as growing focus on preventative care.

  • In 2020, a brand-new non-contact infrared thermometer was unveiled by Xiaomi. The device has a one-second temperature reading time and a 0.2 degree precision.

Key Segments of Patient Temperature Monitoring Industry Research

  • By Product :

    • Handheld
    • Table-Top
    • Invasive
    • Smart
    • Wearable
  • By Application :

    • Pyrexia/Fever
    • Hypothermia
    • Blood Transfusion
    • Anesthesia
    • Others
  • By End User :

    • Hospitals
    • Home Care Settings
    • Nursing Facilities
    • Ambulatory Care Centers
    • Others
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

- FAQs -

The global patient temperature monitoring market accounts for a valuation of US$ 5.6 billion.
From 2022 to 2026, sales of patient temperature monitoring systems are set to surge at 10% CAGR.
The market in Germany is set to rise at 10.5% CAGR through 2026.
Beurer GmbH, Briggs Healthcare, and Masimo Corporation are key suppliers of patient temperature monitoring systems.
The patient temperature monitoring market is set to reach US$ 8.2 billion by 2026.
The U.S., China, Canada, Germany, and Japan are the top 5 countries in this market.

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