The Worldwide Patient Temperature Monitoring Industry is Projected to Reach $4.9 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Nov 11, 2022--

The "Patient Temperature Monitoring Market by Product (Wearable, Digital, Smart, Continuous, Infrared), Site (Axillary, Oral, Tympanic, Invasive), Application (Fever, Anesthesia, Hypothermia), End User (Hospitals, Home Care, ASCs) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global patient temperature monitoring market is projected to reach USD 4.9 billion by 2027 from USD 3.6 billion in 2022, at a CAGR of 6.4% during the forecast period.

Handheld temperature monitoring devices segment accounted for the largest share of the patient temperature monitoring market, by 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.

In 2021, the handheld temperature monitoring devices segment accounted for the largest share of the patient temperature monitoring market. The large share of this segment can be attributed to the high precision, cost-effectiveness, portability, and ease-of-use offered by the devices.

Hospitals segment accounted for the largest share in the market, by end users

The patient temperature monitoring market has been segmented into hospitals, nursing facilities, home care settings, ambulatory care centers, and other end users. In 2021, hospitals are estimated to be the largest end users of the patient temperature monitoring market. The large share of this segment can be attributed to the high and growing prevalence of infectious diseases and viruses and growing keenness for non-invasive monitoring.

Asia Pacific: The fastest-growing region patient temperature monitoring market

The global patient temperature monitoring market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is projected to register the highest CAGR during the forecast period. Factors such growing demand for cosmetic surgeries, increasing population, and rising blood donations and transfusion cases are driving the growth of the market in the Asia Pacific.

Market Dynamics

Drivers

• Rising Population and Increasing Prevalence of Infectious Diseases to Drive Market Growth
• Rising Awareness for Continuous Temperature Monitoring
• Increasing Demand for Continuous Temperature Monitoring Devices
• Increasing Number of Surgical Procedures

Restraints

• High Cost of Advanced Temperature Monitoring Devices in Developing Countries
• Lack of Awareness Regarding Non-Invasive and Continuous Temperature Monitoring in Developing Countries
• Lack of Proper Supply Chain Management

Opportunities

• Increasing Growth Opportunities in Emerging Markets
• Developing Healthcare Infrastructure

Challenges

• Issues Related to Use of Infrared and Mercury Thermometers
• Concerns Related to Rectal Temperature Monitoring
• Intense Competition Amongst Manufacturers

Companies Mentioned

• 3M
• A&D Medical
• Actherm, Inc.
• American Diagnostic Corporation
• Becton, Dickinson and Company
• Beurer GmbH
• Braun GmbH
• Briggs Healthcare
• Cardinal Health Inc.
• Cosinuss GmbH
• DeltaTrak Inc.
• Dragerwerk
• Easytem Co., Ltd.
• Exergen Corporation
• Geratherm Medical Ag
• Hicks Thermometers India Limited
• Hill-Rom Holdings, Inc.
• iHealth
• Kinsa
• Koninklijke Philips N.V.
• Masimo Corporation
• Medisana GmbH
• Microlife
• Nureca
• Omega Engineering
• Omron Healthcare Inc.
• Paul Hartmann AG
• Sanomedics, Inc.
• Terumo Corporation
• Vandelay (SFT Technologies India Pvt Ltd)

For more information about this report visit https://www.researchandmarkets.com/r/ui07uf

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INDUSTRY KEYWORD: TECHNOLOGY HEALTH CONSUMER ELECTRONICS MEDICAL DEVICES

SOURCE: Research and Markets

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