Patient Temperature Monitoring Market Size Worth $5,981.8 Million By 2030 | CAGR: 6.6%

The global patient temperature monitoring market size is expected to reach USD 5,981.8 million by 2030, according to a new study by Polaris Market Research. The report “Patient Temperature Monitoring Market Share, Size, Trends, and Industry Analysis Report, By Product; By Site; By End-Use; By Application(Blood Transfusion, Hypothermia, Anesthesia, Pyrexia/Fever, Others); By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is anticipated to increase as leading industry players collaborate and enter into partnerships more frequently. For instance, in April 2021, a strategic partnership was planned to deliver an innovative continuous vital sign monitoring solution with the help of Leitwert's considerable experience in the internet of things (IoT) technology & GreenTech’s CORE, which is becoming more well-known for its top-tier body temperature measurement capabilities. GreenTEG's wearable for continuously monitoring core body temperature is called CORE. With GreenTech’s proprietary & patented gSKIN sensor technology at its core, non-invasive & precise monitoring.

Furthermore, In August 2022, Medtronic plc announced cooperation with BioIntelliSense To distribute the BioButton wearable for continuous temperature monitoring,  to obtain an exclusive U.S. hospital and 30-day post-acute hospital-to-home licensing agreement. Through the cooperation, the Medtronic Patient Monitoring division will be able to give general care patients with access to a medical-grade device that continuously monitors vital signs both during their stay in the hospital and after discharge. Thus, the collaboration among the major players for using their advanced technology in one product is driving the demand for advanced patient temperature monitoring devices propelling the market growth over the forecast period.

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Throughout the projection period, these developments are anticipated to fuel the patient temperature monitoring devices such as thermometer demand. For instance, Xiaomi unveiled a brand-new non-contact infrared thermometer in February 2020. The device has a 1-second reading time & 0.2-degree accuracy. In conclusion, the aforementioned factors are fueling market expansion.

Patient Temperature Monitoring Market Report Highlights

• Oral temperature monitoring segment is anticipated to grow at a significant CAGR over the forecast period. Oral thermometer demand is increasing as a result of the increased requirement for monitoring oral temperatures.
• Hospital segment accounted for a considerable share of the global revenue share due to the latest developments on early and accurate disease diagnosis in hospital settings, along with the accessibility of specialized physicians
• Asia-Pacific is expected to grow at a substantial CAGR over the projected period. The vast population, increased incidence of diseases, increasing healthcare spending, and healthcare law for infrastructure development
• The global players include Abbott Laboratories, Boston Scientific, Dexcom, Edwards Lifesciences, GE Healthcare, Koninkljke Philips, Masimo Corporation, OMRON Corporation, and Shenzhen Mindray

Polaris Market Research has segmented the patient temperature monitoring market report based on product, site, application, end-use, and region:

Patient Temperature Monitoring, Product Outlook (Revenue - USD Million, 2018 - 2030)

• Smart Temperature Monitoring Patches
• Table-Top Temperature Monitoring Devices
• Wearable Continuous Monitoring Sensors
• Handheld Temperature Monitoring Devices
  • Mercury Thermometers
  • Digital Thermometer
  • Infrared Thermometer
• Invasive Temperature Monitoring Devices

Patient Temperature Monitoring, Site Outlook (Revenue - USD Million, 2018 - 2030)

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

Patient Temperature Monitoring, Application Outlook (Revenue - USD Million, 2018 - 200)

• Blood Transfusion
• Hypothermia
• Anesthesia
• Pyrexia/Fever
• Others

Patient Temperature Monitoring, End-Use Outlook (Revenue - USD Million, 2018 - 2030)

• Hospitals
  • Emergency Rooms
  • Intensive Care Units
  • Operating Rooms
• Ambulatory Care Centers
• Nursing Facilities
• Home Care Settings

Patient Temperature Monitoring, Regional Outlook (Revenue - USD Million, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa