Europe Patient Temperature Monitoring Market Growth Drivers and Forecast by 2027

The Europe patient temperature monitoring market is expected to reach US$ 1,261.42 million by 2027 from US$ 865.59 million in 2019; it is estimated to grow at a CAGR of 4.9% from 2020 to 2027.

Patient temperature monitoring deals with the keeping an eye on temperature variations in the patients. Rise in temperature in commonly observed indication during viral infection or any other critical health related condition. Hence, it is an important aspect for disease diagnosis. There are several products available in the Europe Patient Temperature Monitoring market as per requirement. With the advent of technological advancements, the temperature monitoring is gradually shifting towards remote patient temperature monitoring.

An extensive number of R&D activities are being conducted by industry players to develop advanced temperature monitoring systems. These technology partnerships are likely to offer significant opportunities for new product launches and the introduction of a wide variety of products during the forecast period. For instance, Thermavis, the AI-powered thermal imaging system, has launched the Multi-Person Thermal Scanner following a £3 million (US$3.4 million) investment in R&S+D. The non-intrusive scanner can precisely read the body temperature of up to six individuals at once with an accuracy of 0.5 degrees centigrade. The scanner can be widely used to help protect health workers from COVID-19 by remotely detecting individuals with elevated body temperature, one of the primary symptoms of the disease. According to the companies, the solution is anticipated to provide comprehensive patient body temperature data from any remote location, whether it may be a home or research facility. Thus, the increasing number of R&D activities, coupled with the growing number of viral outbreaks, is also projected to drive the market growth during the forecast period. Further, the consolidation of R&D activities in leading to product innovations that are likely to offer significant opportunities for product adoption. Likewise, a robust focus on research activities can offer expanded growth opportunities for the patient temperature monitoring systems market during the forecast period.

Europe is facing a massive impact on COVID-19 outbreak due to the exponential growth of infections in the region. However, the increasing prevalence of COVID-19 has considerably raised the adoption of thermometers in the region. Many of the companies are taking constructive steps to introduce new product in Europe. Such steps are projected to drive the adoption of thermometers in the region. Moreover, increasing awareness of temperature monitoring in the diagnostics of COVID-19 is also responsible for increased adoption of thermometers amongst general population.

Rest of Europe Patient temperature monitoring Market, Revenue and Forecast to 2027 (US$ Mn)

EUROPE PATIENT TEMPERATURE MONITORING MARKET SEGMENTATION

By Product

• Handheld Temperature Monitoring Devices
• Table-Top Temperature Monitoring Devices
• Invasive Temperature Monitoring Devices
• Smart Temperature Monitoring Patches
• Wearable Continuous Monitoring Sensors

By Site

• Noninvasive Temperature Monitoring
• Invasive Temperature Monitoring

By Application

• Pyrexia/Fever
• Anesthesia
• Blood Transfusion
• Hypothermia
• Other Applications

By Country

• Germany
• UK
• France
• Italy
• Spain

Company Profiles

• Drägerwerk AG & Co. KGaA
• Oura
• Ava Science Inc
• Braun GmbH (P&G Brand)
• Fertility Focus Limited
• VivoSensMedical GmbH
• Valley Electronics AG
• Natural Cycles Nordic AB

Europe Patient Temperature Monitoring Report Scope