Patient Temperature Monitoring Market to Grow at a CAGR of 5.2% to reach US$ 4,386.01 Million from 2020 to 2027

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Patient Temperature Monitoring Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product (Wearable Continuous Monitoring Sensors, Smart Temperature Monitoring Patches, Table-Top Temperature Monitoring Devices, Handheld Temperature Monitoring Devices, and Invasive Temperature Monitoring Devices); Site (Noninvasive Temperature Monitoring and Invasive Temperature Monitoring); Application (Pyrexia/Fever, Hypothermia, Blood Transfusion, Anesthesia, and Other Applications), and Geography

Publication Month: May 2020 | Report Code: TIPHE100001234 | No. of Pages: 225 | Category: Medical Device | Status: Published

The patient temperature monitoring market was valued at US$ 2,946.47 million in 2019 and is expected reach US$ 4,386.01 million in 2027; it is projected to grow at a CAGR of 5.2% from 2020 to 2027.

Patient temperature monitoring involves keeping an eye on temperature variations in patients. Rise in temperature in commonly observed indication during viral infection or many other critical health-related conditions, which makes it an important aspect for disease diagnosis.

The patient temperature monitoring market is driven by factors such as increasing prevalence of infectious and chronic conditions, and increasing awareness regarding the importance of temperature monitoring. Additionally, rising number of technology and distribution collaborations are also anticipated to drive the market growth in the coming years. However, the high cost of advanced temperature monitoring devices in emerging nations is the factor hampering the growth of the market. The developing healthcare infrastructure and integration of advanced technological platforms in temperature monitoring procedures generate lucrative opportunities to the market players.

Lucrative Regional Markets for Patient Temperature Monitoring Systems

Lucrative Regional Markets for Patient Temperature Monitoring Systems

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Market Insights

Growing Awareness of Continuous Temperature Monitoring and Preventive Care

Variation in patient body temperature is reaction to disease-specific stimuli. Human body regulates its normal temperature in order to support the body’s own defense mechanisms. Additionally, other clinical indications of temperature monitoring such as hypothermia or hyperthermia, infection existence, and analysis of antimicrobial treatments represents significant importance of continuous temperature monitoring. These benefits are expected to accelerate the adoption of thermometers during the forecast period.

Majority of the population in developed as well as developing countries is undergoing rapid shift from conventional care to preventive care. Healthcare institutions and people across the globe are implementing the concept of preventive care and holistic wellness approach to treat health related conditions. This novel concept of preventive care includes planned doctor visits, immunizations, medications, and screenings. Continuous patient temperature monitoring is one of the important aspects in preventive care. Further, government authorities also focus on implementing these preventive measures to prevent or minimize the occurrence of disease. For instance, Centers of Disease Control and Prevention recommends that all business units should screen the employees’ temperature on daily basis in order keep track of this prime body vital sign. Such rising emphasis on preventive care and continuous temperature monitoring are extensively projected to drive the market growth during the forecast period.

Product- Based Insights

Based on product, the patient temperature monitoring market is segmented into wearable continuous monitoring sensors, smart temperature monitoring patches, table-top temperature monitoring devices, handheld temperature monitoring devices, and invasive temperature monitoring devices. Table-top temperature monitoring devices are further classified as noninvasive vital signs monitoring devices and continuous core body temperature monitoring devices. Moreover, the market for handheld temperature monitoring devices is subsegmented into digital thermometers, infrared thermometers, and mercury thermometers. In 2019 handheld patient monitoring devices held the largest share of the market, and it is further projected to register the highest CAGR during the forecast period.

Global Patient Temperature Monitoring Market, by Product – 2019 and 2027

Global Patient Temperature Monitoring Market, by Product – 2019 and 2027

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Site- Based Insights

Based on site, the patient temperature monitoring market is segmented into noninvasive temperature monitoring and invasive temperature monitoring. The market for noninvasive temperature monitoring segment is further segmented into oral temperature monitoring, axillary and temporal artery temperature monitoring, and tympanic membrane temperature monitoring. Moreover, the market for invasive temperature monitoring is subsegmented into nasopharynx temperature monitoring, esophageal temperature monitoring, rectal temperature monitoring, and urinary bladder temperature monitoring. The noninvasive temperature monitoring segment held a larger share of the market in 2019; in addition, it is estimated to register a higher CAGR in the market during the forecast period.

Application-Based Insights

Based on application, the patient temperature monitoring market is segmented into pyrexia/fever, hypothermia, blood transfusion, anesthesia, and other applications (sleep, weight management). In 2019, pyrexia/fever segment held the largest share of the market on the back of the increasing adoption of thermometers to monitor and detect fever. The market for pyrexia/fever segment is also estimated to grow at the highest CAGR during the forecast period.

Strategic Insights

Report Coverage - Patient Temperature Monitoring Market
Report CoverageDetails
Market Size Value inUS$ 2,946.47 Million in 2019
Market Size Value byUS$ 4,386.01 Million by 2027
Growth rateCAGR of 5.2% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages225
No. of Tables163
No. of Charts & Figures81
Historical data availableYes
Segments coveredProduct ; Site ; Application , and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Growing number of technological and distribution collaborations and increasing emphasis on preventive care in developed, as well as developing, countries are projected to drive the market growth during the forecast period. Additionally, the introduction of temperature monitoring systems with increasing efficiencies to predict the occurrence of diseases also offers lucrative growth opportunities to the market players.

Global Patient temperature monitoring market – By Product

  • Wearable Continuous Monitoring Sensors
  • Smart Temperature Monitoring Patches
  • Table-Top Temperature Monitoring Devices
    • Non-invasive Vital Signs Monitoring Devices Market
    • Continuous Core Body Temperature Monitoring Devices Market
  • Handheld Temperature Monitoring Devices
    • Mercury Thermometers Market
    • Digital Thermometers Market
    • Infrared Thermometers Market
  • Invasive Temperature Monitoring Devices

Global Patient temperature monitoring market – By Site

  • Noninvasive Temperature Monitoring
    • Oral Temperature Monitoring Market
    • Axillary and Temporal Artery Temperature Monitoring Market
    • Tympanic Membrane Temperature Monitoring Market
  • Invasive Temperature Monitoring
    • Esophageal Temperature Monitoring Market
    • Nasopharynx Temperature Monitoring Market
    • Urinary Bladder Temperature Monitoring Market
    • Rectal Temperature Monitoring Market

Global Patient temperature monitoring market – By Application

  • Pyrexia/Fever
  • Hypothermia
  • Blood Transfusion
  • Anesthesia
  • Other Applications (Sleep, Weight Management)

Global Patient temperature monitoring market – By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South and Central America

    • Brazil
    • Argentina
    • Rest of South America

Company Profiles

  • 3M
  • American Diagnostic Corporation
  • Cardinal Health Inc.
  • Drägerwerk AG & Co. KGaA
  • Oura
  • Ava Science Inc.
  • Tempdrop LLC.
  • Braun GmbH (P&G Brand)
  • Biofourmis Inc.
  • Fertility Focus Limited
  • Fairhaven Health, LLC
  • VivoSensMedical GmbH
  • Valley Electronics AG
  • Cycle Technologies
  • Natural Cycles Nordic AB  

Frequently Asked Questions

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.
Increasing prevalence of fever and associated conditions due to increasing prevalence of infectious diseases is driving the global bioreactors market.
3M and Cardinal Health Inc. are the major players in the market.

The List of Companies - Patient Temperature Monitoring Market

  1. 3M
  2. American Diagnostic Corporation
  3. Cardinal Health Inc.
  4. Drägerwerk AG & Co. KGaA
  5. Oura
  6. Ava Science Inc.
  7. Tempdrop LLC.
  8. Braun GmbH (P&G Brand)
  9. Biofourmis Inc.
  10. Fertility Focus Limited
  11. Fairhaven Health, LLC
  12. VivoSensMedical GmbH
  13. Valley Electronics AG
  14. Cycle Technologies
  15. Natural Cycles Nordic AB  
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the patient temperature monitoring market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global patient temperature monitoring market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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