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Patient Temperature Monitoring Market Size Hits US$ 4,386.01 Million by 2027

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Patient Temperature Monitoring Market Size Hits US$ 4,386.01 Million by 2027

December 08
22:00 2021
Patient Temperature Monitoring Market Size Hits US$ 4,386.01 Million by 2027
The patient temperature monitoring market was valued at US$ 2,946.47 million in 2019 and is expected reach US$ 4,386.01 million in 2027; it is projected to grow at a CAGR of 5.2% from 2020 to 2027.

According to The Insight Partners market research study on “Patient Temperature Monitoring Market to 2027 – Global Analysis and Forecasts by Product, Site, and Application,”  The report provides trends prevailing in the global patient temperature monitoring market and the factors driving the market growth along with those restraining it.

Patient temperature monitoring involves keeping an eye on temperature variations in patients. Rise in temperature in commonly observed indication during viral infection or many other critical health-related conditions, which makes it an important aspect for disease diagnosis.

Strategic Insights:

Report Coverage             

(Details)

Market Size Value in      

(US$ 2,946.47 million in 2019)

Market Size Value by    

(US$ 4,386.01 million in 2027)

Growth Rate     

(CAGR of 5.2% from 2020 to 2027)

Forecast Period

(2020-2027)

Base Year           

(2020)

No. of Pages     

(225)

No. Tables          

(97)

No. of Charts & Figures

(79)

Segments covered         

(Product, Application and Geography)

Regional scope 

(North America; Europe; Asia Pacific; Latin America; MEA)

Country scope  

(US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina)

Report coverage             

(Revenue forecast, company ranking, competitive landscape, growth factors, and trends)

Get Sample PDF Copy of Patient Temperature Monitoring Market at: https://www.theinsightpartners.com/sample/TIPHE100001234/

The patient temperature monitoring market is driven by factors such as increasing prevalence of infectious and chronic conditions, and increasing awareness regarding the importance of temperature monitoring. Additionally, rising number of technology and distribution collaborations are also anticipated to drive the market growth in the coming years. However, the high cost of advanced temperature monitoring devices in emerging nations is the factor hampering the growth of the market. The developing healthcare infrastructure and integration of advanced technological platforms in temperature monitoring procedures generate lucrative opportunities to the market players.

Growing Awareness of Continuous Temperature Monitoring and Preventive Care

Variation in patient body temperature is reaction to disease-specific stimuli. Human body regulates its normal temperature in order to support the body’s own defense mechanisms. Additionally, other clinical indications of temperature monitoring such as hypothermia or hyperthermia, infection existence, and analysis of antimicrobial treatments represents significant importance of continuous temperature monitoring. These benefits are expected to accelerate the adoption of thermometers during the forecast period.

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.

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

Download the Latest COVID-19 Analysis on Patient Temperature Monitoring Market Growth Research Report at: https://www.theinsightpartners.com/covid-analysis-sample/TIPHE100001234

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.

Based on site, the patient temperature monitoring market is segmented into noninvasive temperature monitoring and invasive temperature monitoring. The market for noninvasive temperature monitoring segment is further segmented into oral temperature monitoring, axillary and temporal artery temperature monitoring, and tympanic membrane temperature monitoring.

Patient Temperature Monitoring Market: Competitive Landscape and Key Developments

Leading companies operating in the patient temperature monitoring market are 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.

Order a Copy of Patient Temperature Monitoring Market Shares, Strategies and Forecasts 2020-2027 Research Report at: https://www.theinsightpartners.com/buy/TIPHE100001234/

Browse Related Reports and get Sample copy

Patient Monitoring Device Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Cardiac Monitoring Devices, Neuromonitoring Devices, Respiratory Monitoring Devices, Anasthesia Monitor, Hemodynamic Monitoring Devices, Fetal and Neonatal Monitoring, Multiparameter Devices); Type (Conventional, Wireless); End-user (Hospitals, Ambulatory Surgical Centers (ASCs), Homecare Settings) and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

More Research: https://daulatguru.com/author/theinsightpartners/

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Company Name: The Insight Partners
Contact Person: Sameer Joshi
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Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/pr/patient-temperature-management-market

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