The Patient Temperature Monitoring Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Patient Temperature Monitoring Global Market Report 2024, The patient temperature monitoring market size has grown strongly in recent years. It will grow from $4.59 billion in 2023 to $4.96 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to patient safety concerns, prevalence of fever-related conditions, advancements in temperature monitoring devices, increased hospitalization rates, rise in chronic diseases, regulatory standards and compliance..
The patient temperature monitoring market size is expected to see strong growth in the next few years. It will grow to $6.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to remote patient monitoring (rpm) growth, point-of-care temperature monitoring, focus on infection control, smart healthcare infrastructure, population health management initiatives, focus on patient comfort and compliance.. Major trends in the forecast period include contactless temperature monitoring, adoption of wireless and bluetooth technologies, wearable temperature monitoring devices, data analytics and predictive monitoring, enhanced accuracy and precision..
The rising incidence of diseases is expected to propel the growth of the patient temperature monitoring market going forward. Diseases are disorders caused by organisms such as bacteria, viruses, fungi, or parasites. Some infectious diseases can be passed from person to person and some are transmitted by insects or other animals. The temperature change is a crucial factor in determining the sickness. It is anticipated that the connection between temperature variation and illness occurrence would increase the adoption of monitoring systems. For instance, according to The World Health Organization, Switzerland-based a specialized agency of the United Nations responsible for international public health, in 2022, noncommunicable diseases (NCDs) are responsible for 41 million deaths worldwide each year, or 71% of all fatalities. Also, every year, 17.9 million people die from cardiovascular illnesses, making them a significant contributor to NCD fatalities. Cardiovascular illness was the leading cause of mortality, followed by cancer (9.3 million), respiratory conditions (4.1 million), and diabetes (1.5 million). Therefore, the rising prevalence of diseases will continue to drive the patient temperature monitoring market.
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The patient temperature monitoring market covered in this report is segmented –
1) By Type: Contact-based Temperature Monitoring Systems, Non-Contact-based Temperature Monitoring System
2) By Site: Non Invasive Temperature Monitoring, Invasive Temperature Monitoring
3) By Application: Pyrexia/Fever, Hypothermia, Blood Transfusion, Anesthesia, Other Applications
4) By End User: Hospital and Surgical Centers, Nursing Facilities, Ambulatory Care Centers, Home Care, Other End Users
Top Major Players:
Cardinal Health Inc.
3M Company
Koninklijke Philips NV
Drägerwerk AG & Co
Microlife Corporation
North America was the largest region in the patient temperature monitoring market in 2023.
Major companies operating in the patient temperature monitoring market are adopting new products, such as ambulatory connected patient monitoring system, to sustain their position in the market. An ambulatory connected patient monitoring system is a wearable technology that wirelessly collects and transmits real-time health data from patients, enabling remote monitoring of vital signs and medical parameters outside of traditional healthcare settings. For instance, in October 2023, Dozee, an India-based company that provides remote patient monitoring launched Dozee Pro Ex. Dozee Pro Ex provides continuous monitoring of patient vitals including ECG rhythm, blood pressure, heart rate/pulse rate, oxygen saturation, respiration rate, and temperature. This System comes with an artificial intelligence (AI)-powered early warning system that tracks the trends of vital parameters and provides timely alerts for possible clinical deterioration.
The patient temperature monitoring market report table of contents includes:
1. Executive Summary
2. Patient Temperature Monitoring Market Characteristics
3. Patient Temperature Monitoring Market Trends And Strategies
4. Patient Temperature Monitoring Market - Macro Economic Scenario
5. Global Patient Temperature Monitoring Market Size and Growth
….……..
31. Global Patient Temperature Monitoring Market Competitive Benchmarking
32. Global Patient Temperature Monitoring Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Patient Temperature Monitoring Market
34.Patient Temperature Monitoring Market Future Outlook and Potential Analysis
35. Appendix
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