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Patient Temperature Monitoring Market Analysis 2023 -2032: Regional Overview, Future Industry Trends, Business Insights And Major Players | Cardinal Health Inc., 3M Company, Koninklijke Philips N.V., Drägerwerk AG & Co., Microlife Corporation
Patient Temperature Monitoring Market
The Business Research Company's Template Global Market Report 2023 identifies rising incidence of diseases as the major driver for the Patient Temperature Monitoring Market's growth in the forecast period. Diseases are disorders caused by organisms such as bacteria, viruses, fungi, or parasites. Some infectious diseases can be passed from person to person and some are transmitted by insects or other animals. The temperature change is a crucial factor in determining the sickness. It is anticipated that the connection between temperature variation and illness occurrence would increase the adoption of monitoring systems.
The global patient temperature monitoring market size is expected to grow from $4.26 billion in 2022 to $4.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The patient temperature monitoring market size is expected to grow to $6.28 billion in 2027 at CAGR of 8.0%.
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Major competitors in the Patient Temperature Monitoring Market are Cardinal Health Inc., 3M Company, Koninklijke Philips N.V., Drägerwerk AG & Co., Microlife Corporation, Becton Dickinson and Company, Omron Healthcare Inc., Masimo Corporation, Braun GmbH, Terumo Corporation, Paul Hartmann AG, Beurer GmbH, Easytem Co., Ltd., Omega Engineering Instrumentation Company, iHealth Lab Inc., DeltaTrak Inc., Exergen Corporation, Medisana GmbH, Geratherm Medical AG, Nureca Healthcare Private Limited, A&D Medical Blood Pressure Monitor, Actherm Inc., Cosinuss GmbH, Vandelay (SFT Technologies India Pvt Ltd), and Kinsa Inc.
A key trend in the Patient Temperature Monitoring Market includes technological advancement. Major companies operating in the patient temperature monitoring market are focused on developing new technological solutions to strengthen their position in the market. For instance, in May 2020, Masimo, a US-based medical technology company, launched the Radius T continuous thermometer, a more convenient way to monitor fever. Unlike spot-check, episodic thermometers, the wearable, wireless Radius T monitors body temperature continuously, seamlessly transmitting data and customizable temperature notifications to the user's smartphone, enabling caregivers, such as parents, to monitor patients' temperatures even while they sleep.
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The Patient Temperature Monitoring Market is segmented -
By Type: Contact-based Temperature Monitoring Systems, Non-Contact-based Temperature Monitoring System
By Site: Non Invasive Temperature Monitoring, Invasive Temperature Monitoring
By Application: Pyrexia/Fever, Hypothermia, Blood Transfusion, Anesthesia, Other Applications
By End User: Hospital and Surgical Centers, Nursing Facilities, Ambulatory Care Centers, Home Care, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Patient Temperature Monitoring Market.
The Business Research Company's "Global Patient Temperature Monitoring Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Patient Temperature Monitoring Market Include:
1. Executive Summary
2. Patient Temperature Monitoring Market Characteristics
3. Patient Temperature Monitoring Market Trends And Strategies
4. Patient Temperature Monitoring Market - Macro Economic Scenario
5. Patient Temperature Monitoring Market Size And Growth
……
26. Africa Patient Temperature Monitoring Market
27. Patient Temperature Monitoring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Patient Temperature Monitoring Market
29. Patient Temperature Monitoring Market Future Outlook and Potential Analysis
30. Appendix
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