Patient Temperature Monitoring Market Size, Competition Landscape, Manufacturers Analysis and Future Outlook 2027
Patient temperature monitoring assists doctors in maintaining the patient’s temperature during and after surgeries. Body temperature is one of the vital signs to ensure safe and effective care of patients. The global patient temperature monitoring market report by Market Research Future (MRFR) comprises trends, opportunities, and challenges for key market players for the period between 2018 to 2023 (forecast period).
The global patient temperature monitoring market growth is predicted to grow at 6.1% CAGR during the forecast period. It stood at a valuation of USD 3,100 million in 2017.
Rising prevalence of infectious diseases, increasing number of surgeries, and the large geriatric population are major factors expected to propel market growth. According to the World Health Organization (WHO), lower respiratory infections, diarrheal diseases, and tuberculosis are infectious diseases which caused maximum deaths in 2016.
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Rise in manufacturing activities due to outbreak of new virus strains or diseases are likely to foster market growth. Strict regulations and technological advances such as wireless connectivity can augur favorably for the market. Development of wireless monitoring systems for detecting deteriorating conditions of the elderly can induce high demand for the market. Clinical trials conducted on their effectiveness and performance can illustrate their value.
Lack of awareness of non-invasive patient monitoring devices and high costs of devices can restrain market growth.
Drägerwerk AG & Co. KGaA, Masimo, 3M, Cardinal Health, Braun, Terumo Corporation, Microlife, Hill-Rom Holdings, Microlife Corporation, Koninklijke Philips N.V., American Diagnostic Corporation, and others are major players of the global patient temperature monitoring market.
The global patient temperature monitoring market is segmented by product, site, application, and end-users.
- By Products include handheld temperature monitoring devices, table-top temperature monitoring devices, wearable continuous monitoring sensors, smart temperature monitoring patches, and invasive temperature monitoring devices. Table-top temperature monitoring devices is further bifurcated into continuous core body temperature monitoring devices and non-invasive vital signs monitoring devices. Similarly, handheld temperature monitoring devices is segmented into infrared thermometers, mercury thermometers, and digital thermometers.
- By Site, the market is segmented into non-invasive temperature monitoring and invasive temperature monitoring. Non-invasive temperature monitoring is further sub-segmented into tympanic membrane temperature monitoring, oral temperature monitoring, and axillary & temporal artery temperature monitoring,. Invasive temperature monitoring is further segmented into esophageal temperature monitoring, nasopharynx temperature monitoring, urinary bladder temperature monitoring, and rectal temperature monitoring.
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