Patient Temperature Monitoring Market Will Reach USD 6,039.3 Million By 2030 | P&S Intelligence

According to the latest market research study published by P&S Intelligence, the global patient temperature monitoring market is projected to be USD 6,039.3 million by 2030 growing at a CAGR of 7.0% during the forecast period. This is mainly because such devices are hygienic, non-invasive, and non-traumatic, and offer an easy and precise interpretation of temperature data. Furthermore, hand-held temperature screening devices responsible for the largest market share, of 27.0%, in recent years, on the basis of product, because of their greater patient suitability and obtainability in the market.

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The occurrence of infectious and chronic illnesses, like cardiovascular diseases, cancer, and diabetes is on the surge. As per the statistics, around 5 million people will die in the U.K. in the coming ten years as a result of chronic illnesses. Above 15 million individuals in the U.K. already are suffering from at least one chronic illness, and this count is projected to accelerate further. Thus, monitoring body temperature plays a vital role in assessing the condition of the body.

The increasing worldwide demand for patient temperature monitoring systems, mainly during the COVID-19 epidemic, has boosted the industry growth. Because of the growing demand for these devices, numerous manufacturers have formed digital thermometers for accurate and dependable body temperature assessments.

In recent years, The North American region generated the highest revenue share in the patient temperature monitoring market accounting for USD 1,077.0 million, which is estimated to advance at a CAGR of approximately 6.9% during the projection period. This growth can be credited to the existence of key industry players, a developed country, high per-capita income of individuals, augmented healthcare expenditure, a large volume of operations, and a surge in blood transfusion and donation, in the region.

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Hence, the key drivers of the patient temperature monitoring industry comprise the growing awareness of constant temperature monitoring and preventive care, the increasing occurrence of infectious and chronic illnesses, and technical improvements in these devices.

Patient Temperature Monitoring Market Size Breakdown by Segment

By Product
• Wearable Continuous Monitoring Sensors
• Smart Temperature Monitoring Patches
• Table-Top Temperature Monitoring Devices
o Non-invasive vital signs monitoring devices
o Continuous core body temperature monitoring devices
• Handheld Temperature Monitoring Devices
o Digital Thermometers
o Infrared Thermometers
o Mercury Thermometers
• Invasive Temperature Monitoring Devices
By Site
• Non-invasive Temperature Monitoring
o Axillary and Temporal Artery Temperature Monitoring
o Tympanic Membrane Temperature Monitoring
o Oral Temperature Monitoring
• Invasive Temperature Monitoring
o Esophageal Temperature Monitoring
o Urinary Bladder Temperature Monitoring
o Nasopharynx Temperature Monitoring
o Rectal Temperature Monitoring
By Application
• Pyrexia/Fever
• Hypothermia
• Blood Transfusion
• Anesthesia
• Other Applications (Sleep, Weight Management)
By End User
• Hospitals
• Home Care Settings
• Nursing Facilities
• Ambulatory Care Centers
• Others
Regional Analysis
• North America Global Patient Temperature Monitoring Market
o By product
o By site
o By application
o By end user
o By country - U.S. and Canada
• Europe Multi-Layer Global Patient Temperature Monitoring Market
o By product
o By site
o By application
o By end user
o By country - Germany, France, U.K., Italy, Spain and Rest of Europe
• Asia-Pacific (APAC) Global Patient Temperature Monitoring Market
o By product
o By site
o By application
o By end user
o By country - China, Japan, India, Australia, South Korea and Rest of APAC
• Latin America (LATAM) Global Patient Temperature Monitoring Market
o By product
o By site
o By application
o By end user
o By country - Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Global Patient Temperature Monitoring Market
o By product
o By site
o By application
o By end user
o By country - South Africa, Saudi Arabia, and Rest of MEA

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