Patient Temperature Monitoring Market Growth and Trends Analysis

In 2021, the patient temperature monitoring market was worth around $3,294.8 million, which is predicted to touch $6,039.3 million by 2030, growing at a 7.0% CAGR from 2021 to 2030. This will be because such devices offer a fast and effective interpretation of temperature data, while being non-invasive, non-traumatic, and hygienic.

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Segmentation Insights

• The non-invasive temperature monitoring category leads the patient temperature monitoring market, and it is expected to maintain this position in the future. This industry is growing as a result of the easier accessible and pleasant, simple, and accurate temperature monitoring enabled by these variants.

• Oral thermometer demand is growing as a result of the increasing requirement for monitoring oral temperature. This demand is predicted to accelerate oral thermometer launches in the market, by presenting a significant opportunity for manufacturers and distributors.

• Due to the increasing patient convenience and widening availability, handheld temperature monitoring devices retained the largest market share, of 27.0%, in 2021.

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North American Market Showing Significant Growth

• The market's largest revenue producer, North America, is expected to grow at a CAGR of about 6.9% during the forecast period. This may be credited to the presence of significant market players, developed economy, high disposable income, increasing healthcare spending, large number of surgical operations, and rise in blood donation and transfusion activities.

• The advantages of patient health assessment have resulted in significant expenditures and introduction of new patient temperature monitoring systems in the U.S. healthcare system. Additionally, the U.S. patient temperature monitoring market is set to grow over the forecast period due to an increase in the number of viral infection outbreaks, such as COVID-19 presently.

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This release was published on openPR.