Patient Temperature Monitoring Market Research Report – Forecast till 2027

Patient Temperature Monitoring Market Research Report, By Product (Wearable Continuous Monitoring Sensors), Site (Non-invasive Temperature Monitoring), Application (Blood Transfusion, Anesthesia) End-User (Hospitals & Clinics) – Forecast Till 2027

ID: MRFR/HC/5786-HCR | February 2021 | Region: Global | 90 pages

Patient Temperature Monitoring Market Scenario:

Patient temperature monitoring helps in maintaining optimum body temperature is essential device for patient’s life. However, recording patients body temperature is one of fundamental nursing skill. The major factors responsible for market growth are increasing demand for temperature monitoring devices, increasing geriatric population, and increasing prevalence of infectious diseases.

According to World Health Organization, three infectious diseases were ranked in the top ten causes of death worldwide in 2016 they are lower respiratory infections (3.0 million deaths), diarrheal diseases (1.4 million deaths), and tuberculosis (1.3 million deaths). However, factors such as, high cost of advanced temperature monitoring devices in developing countries, and lack of awareness on non-invasive and continuous monitoring are expected to restrict the market growth during the forecast period.

The market held a market value of USD 3,100 million in 2017 and is projected to grow at a CAGR of 6.1% over the forecast period.

Segmentation

The Global patient temperature monitoring market is segmented based on product, site, application, end-users.

The patient temperature monitoring market, by product, the 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 is further segmented into non-invasive vital signs monitoring devices and continuous core body temperature monitoring devices. Handheld temperature monitoring devices is further segmented into mercury thermometers, digital thermometers, and infrared thermometers.

Based on site, the market is segmented into non-invasive temperature monitoring and invasive temperature monitoring. Non-invasive temperature monitoring is further segmented into oral temperature monitoring, axillary & temporal artery temperature monitoring, and tympanic membrane temperature monitoring. Invasive temperature monitoring is further segmented into esophageal temperature monitoring, nasopharynx temperature monitoring, urinary bladder temperature monitoring, and rectal temperature monitoring.

Based on application, the market is segmented into pyrexia/fever, hypothermia, blood transfusion, anesthesia, and others.

Based on end-user, the market is segmented into hospitals & clinics, nursing facilities, home care, ambulatory care centres, and others.

On the basis of region, the global patient temperature monitoring market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and Latin America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia-Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.

Regional Market Summary:

Global Patient Temperature Monitoring Market Share (%), by Region, 2017

Patient Temperature Monitoring Market

Sources: Centers for Disease Control and Prevention (CDC), World Health Organization (WHO), US Department of Health and Human Services, National Institutes of Health, Company’s Annual Report

The Americas region dominated the global patient temperature monitoring market in 2017, owing to the presence of major market participants & sophisticated healthcare infrastructure and comparatively higher adoption of advanced medical devices in the U.S. and Canada.

Europe hoisted as the second largest region for the global patient temperature monitoring market owing to increasing awareness of disease-causing deformities along with the rise in the number of numerous surgeries is are expected to provide this market with lucrative growth opportunities.

Asia-Pacific was projected to be the fastest growing region for the global patient temperature monitoring market in 2017. The factors attributed to the due to the growing aging population along with a surge in the incidence of infectious diseases, rising awareness about technique, and increasing healthcare spending in China, India, and Japan.

The Middle East and Africa holds the least share in the patient temperature monitoring market due to the presence of poor health expenditure and economically diverse countries. However, the market is expected to witness growth due to increasing healthcare programs in the Middle East.

Market Segmentation and Key Market Players

By Product

Wearable Continuous Monitoring Sensors

Smart Temperature Monitoring Patches

Table-Top Temperature Monitoring Devices
- Non-invasive Vital Signs Monitoring Devices
- Continuous Core Body Temperature Monitoring Devices

Handheld Temperature Monitoring Devices
- Mercury Thermometers
- Digital Thermometers
- Infrared Thermometers

Invasive Temperature Monitoring Devices

By Site

Non-invasive Temperature Monitoring
- Oral Temperature Monitoring
- Axillary & Temporal Artery Temperature Monitoring
- Tympanic Membrane Temperature Monitoring

Invasive Temperature Monitoring
- Esophageal Temperature Monitoring
- Nasopharynx Temperature Monitoring
- Urinary Bladder Temperature Monitoring
- Rectal Temperature Monitoring

By Application

Anesthesia

Hypothermia

Blood Transfusion

Pyrexia/Fever

Others

By End User

Hospitals & Clinics

Nursing Facilities

Home Care

Ambulatory Care Centers

Others

By Region

Americas

Europe

Asia-Pacific

Middle East & Africa

Key Players:

Masimo

Microlife

Koninklijke Philips N.V.

Terumo Corporation

Microlife Corporation

American Diagnostic Corporation

Braun (Subsidiary of Procter & Gamble)

Cardinal Health

Drägerwerk AG & Co. KGaA

Hill-Rom Holdings

Others

Intended Audience

Medical device companies

Clinical institutes

Government and private laboratories

Research and Development (R&D) companies

Medical research laboratories

Market research and consulting service providers

Report Scope:

Report Attribute/Metric	Details
Market Size	USD 3,100 million
CAGR	6.1%
Base Year	2019
Forecast Period	2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product, Site, Application, End-Users
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Microlife, Koninklijke Philips N.V., Masimo, Terumo Corporation, 3M, Microlife Corporation, American Diagnostic Corporation, Cardinal Health, Braun (Subsidiary of Procter & Gamble), Drägerwerk AG & Co. KGaA, and Hill-Rom Holdings
Key Market Opportunities	Increasing awareness of disease-causing deformities Rise in the number of numerous surgeries
Key Market Drivers	Augmenting demand for effective temperature monitoring devices

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Frequently Asked Questions (FAQ) :

What was the value of the global patient temperature monitoring in 2017?

The global patient temperature monitoring market had reached a valuation of USD 3,100 MN in 2017.

At what CAGR is the global patient temperature monitoring market projected to grow in the forecast period (2018-2023)?

The global patient temperature monitoring market is projected to grow at approximately 6.1% CAGR during forecast period (2018-2023).

What are the major tailwinds pushing the growth of the global patient temperature monitoring market?

Augmenting demand for effective temperature monitoring devices.

Which region holds the largest share in the global patient temperature monitoring market?

North America holds the largest share in the global patient temperature monitoring market followed by Europe and Asia Pacific, respectively.

Who are the top players in the global patient temperature monitoring market?

Microlife, Koninklijke Philips N.V., Masimo, Terumo Corporation, 3M, Microlife Corporation, American Diagnostic Corporation, Cardinal Health, Braun (Subsidiary of Procter & Gamble), Drägerwerk AG & Co. KGaA, and Hill-Rom Holdings, are some of the major players operating in the patient temperature monitoring market.

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Application Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Patient Temperature Monitoring Market, by Product

6.1 Introduction

6.2 Wearable Continuous Monitoring Sensors

Market Estimates & Forecast, by Region, 2020-2027