Patient Temperature Monitoring Market Overview
Monitoring vital health parameters, such as blood pressure, temperature, and heart, is crucial in treatments. Non-invasive monitoring devices are attracting a large following due to advantages such as patient comfort, avoiding penetration of the body, low risk of infection, and others. The advancements in sensor technology, such as greater accuracy, are driving a technological disruption of the healthcare monitoring devices industry.
Moreover, the latest Patient Temperature Monitoring Market trends, such as the adoption of wearable temperature sensors and remote monitoring technologies, is expected to escalate the market demand on furthered height. According to Market Research Future (MRFR), the already booming global patient temperature monitoring market is estimated to grow at 6.1% CAGR during the forecast period
Conversely, the high cost of advanced temperature monitoring devices and lack of awareness about the benefits of non-invasive & continuous monitoring are the major factors expected to impede the growth of the market. Nevertheless, rising patient inclination towards remote temperature monitoring would support the market growth throughout the forecast period.
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Patient Temperature Monitoring Market Segmentation
The report is segmented into five dynamics;
By Product : Wearable Continuous Monitoring Sensors, Smart Temperature Monitoring Patches, and Table-Top Temperature Monitoring Devices (Non-invasive Vital Signs Monitoring Devices, Continuous Core Body Temperature Monitoring Devices, others), Handheld Temperature Monitoring Devices (Mercury Thermometers, Digital Thermometers, Infrared Thermometers, Invasive Temperature Monitoring Devices, and others.
By Site : Non-invasive Temperature Monitoring (Oral, Axillary & Temporal Artery Temperature Monitoring, Tympanic Membrane Temperature Monitoring) and Invasive Temperature Monitoring (Esophageal Temperature Monitoring, Nasopharynx Temperature Monitoring, Urinary Bladder Temperature Monitoring, Rectal Temperature Monitoring).
By Application : Anesthesia, Hypothermia, Blood Transfusion, Pyrexia/Fever, and others.
By End User : Hospitals & Clinics, Nursing Facilities, Home Care, Ambulatory Care Centers, and others.
By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World.
Patient Temperature Monitoring Market Regional Analysis
North America dominates the global patient temperature monitoring market. The largest market share attributes to the presence of major market participants and comparatively higher adoption of advanced medical devices in increasing numbers of advanced healthcare centers. Besides, rapid technological advances, excellent reimbursement frameworks, and early uptake of advanced technologies in healthcare increase foster market growth.
Also, high healthcare expenditures provide a large impetus to the patient temperature monitoring market size in the region. The North American patient temperature monitoring market is estimated to retain its leading position in the global market throughout the review period.
Europe stands second in the global patient temperature monitoring market. Market growth is driven by the availability of funds for research and the high adoption of advanced temperature monitoring devices in the region. Moreover, the presence of advanced healthcare infrastructures & flourishing medical devices industry in the region and the growing per capita healthcare expenses of demographics are the major factors increasing the patient temperature monitoring market size.
Patient Temperature Monitoring Market Players
- Masimo
- Microlife
- Koninklijke Philips N.V.
- Terumo Corporation
- Microlife Corporation
- 3M
- American Diagnostic Corporation
- Braun (Subsidiary of Procter & Gamble)
- Cardinal Health
- Drägerwerk AG & Co. KGaA
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