Global Patient Temperature Monitoring Market, by Product (Smart Temperature Monitoring Patches, Wearable Continuous Monitoring Sensors, Handheld Temperature Monitoring Devices (Mercury Thermometers, Digital Thermometer, and Infrared Thermometer), and Invasive Temperature Monitoring Devices), by Site (Noninvasive Temperature Monitoring (Tympanic Membrane Temperature Monitoring, Oral Temperature Monitoring, and Axillary and Temporal Artery Temperature Monitoring) and Invasive Temperature Monitoring (Rectal Temperature Monitoring, Esophageal Temperature Monitoring, Nasopharynx Temperature Monitoring, Urinary Bladder Temperature Monitoring)), by Application (Blood Transfusion, Hypothermia, Anesthesia, Pyrexia/Fever, and Others), by End User (Hospitals (Emergency Rooms, Intensive Care Units, and Operating Rooms), Ambulatory Care Centers, Nursing Facilities, and Home Care Settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 3,711.8 Million in 2022 and is expected to exhibit a CAGR of 7.9% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
Key players in the market and researchers are focused on the development of innovative patient temperature monitoring products and this is expected to propel the market growth over the forecast period. For instance, on December 8, 2021, Recon Health, announced to integrate a proprietary core body temperature sensor solutions for continuous and non-invasive core body temperature measurement into Recon Health's virtual Care Patch for remote patient monitoring and diagnostics.
Global Patient Temperature Monitoring Market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
However, the COVID-19 pandemic had a positive impact on the global patient temperature monitoring market, owing to the increasing product launches and demand for the patient monitoring devices during the COVID – 19 pandemic. For instance, on June 16, 2020, DeterPro, announced the launch of low cost infrared thermometer DT09, the thermometer comes with two years of warranty and is priced US$ 12. DeterPro’s DT09 is manufactured under the compliance of CE, the U.S. FDA, and WHO.
Moreover, in October, 2020, Masimo, a global medical technology company that develops and manufactures variety of non-invasive patient monitoring technologies, announced the launch of Radius T continuous thermometer, a connected sensor system that can take patients temperature at particular time it can be note.
Global Patient Temperature Monitoring Market: Key Developments
On May 12, 2020 Neptune Wellness Solutions, Inc. launched Neptune Air, a non-contact infrared thermometer (NCIT) optimized for measuring a person’s temperature while reducing cross contamination risk.
Browse 28 Market Data Tables and 33 Figures spread through 275 Pages and in-depth TOC on “Global Patient Temperature Monitoring Market”- Forecast to 2030, Global Patient Temperature Monitoring Market, by Product (Smart Temperature Monitoring Patches, Wearable Continuous Monitoring Sensors, Handheld Temperature Monitoring Devices (Mercury Thermometers, Digital Thermometer, Infrared Thermometer) and Invasive Temperature Monitoring Devices), by Site (Noninvasive Temperature Monitoring (Tympanic Membrane Temperature Monitoring, Oral Temperature Monitoring, and Axillary and Temporal Artery Temperature Monitoring) and Invasive Temperature Monitoring (Rectal Temperature Monitoring, Esophageal Temperature Monitoring, Nasopharynx Temperature Monitoring, and Urinary Bladder Temperature Monitoring)), by Application (Blood Transfusion, Hypothermia, Anesthesia, Pyrexia/Fever, Others), by End User (Hospitals (Emergency Rooms, Intensive Care Units, and Operating Rooms), Ambulatory Care Centers, Nursing Facilities, and Home Care Settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/patient-temperature-monitoring-market-5291
Moreover, increasing prevalence of infectious diseases is expected to drive the market growth over the forecast period. For instance, according to the data published by the Centers for Disease Control and Prevention in 2019, number of emergency department with infectious and parasitic diseases like flu, measles, strep throat, COVID-19 and salmonella as the primary diagnosis in the U.S. was 3.4 million in 2019. Moreover, number of emergency department visits resulting in hospital admission with a principal hospital discharge diagnosis of infectious and parasitic diseases was 523,000 in the year 2019.
Key Takeaways of the Global Patient Temperature Monitoring Market:
- The global patient temperature monitoring market is expected to exhibit a CAGR of 7.9% during the forecast period due to the increasing launch of product by the key players in the market. For instance, on May 12, 2020, Neptune Wellness Solutions, Inc. launched Neptune Air, a non-contact infrared thermometer (NCIT) optimized for measuring a person’s temperature while reducing cross contamination risk.
- Among product, handheld temperature monitoring devices segment is estimated to hold a dominant position in the global patient temperature monitoring market over the forecast period, owing to the increasing partnership for product launches by the key players in the market. For instance, on May 26, 2020, TCL Technology, a consumer electronics company, and Segun life, a wearable and healthcare devices company, partnered to launch infrared handheld temperature monitoring thermometer in India for patient temperature detection.
- On the basis of regions, North America is estimated to account for the largest market share in the global patient temperature monitoring market over the forecast period, owing to increasing product launches in the North America by the key players in the U.S. For instance, on May 13, 2020, Cooper-Atkins Corporation, a subsidiary of Emerson Electric Co., a manufacturing company, launched 4DET-306-01 infrared forehead thermometer, which is specifically designed for use in temperature monitoring on the forehead.
- Major players operating in the global patient temperature monitoring market include Medtronic, Cardinal Health, 3M, Becton, Dickinson and Company, Geratherm Medical AG, A&D Medical, Braun, Paul Hartmann AG, Nureca, Koninklijke Philips N.V., Masimo, Dongguan Actherm Medical Corp, Microlife Corporation, DeltaTrack Inc., Steadysense Gmbh, IWEECARE Co., Ltd, Recon Health Inc., VivaLNk, Inc., Celsium, and GreenTeg AG
