Patient Temperature Monitoring Market Overview: Reaching US$ 8.2 Billion by 2026

According to Fact.MR, a market research and competitive intelligence provider, the Global Patient Temperature Monitoring Market is predicted to reach a size of US$ 8.2 billion by 2026, rising at a CAGR of 10% from 2022 to 2026. a patient temperature monitor is a portable gadget that can measure temperature on its own for a brief amount of time. Opportunities for market participants will arise from the large patient pool of individuals with chronic illnesses and the rising awareness of remote monitoring in outpatient settings. The market is expanding due to a number of factors, including the rising prevalence of infectious diseases, the quick adoption of portable patient temperature monitors in clinics, hospitals, and home care settings, favorable reimbursement policies in healthcare systems, and an increase in government initiatives to raise public awareness of infectious and chronic diseases.

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Several chronic disorders necessitate accurate measurement and monitoring of body temperature by doctors or other users to choose the most effective course of treatment, which is driving market expansion. Growing emphasis on health and fitness, rising senior population, and greater awareness of self-care management, all contribute to an increase in demand for these devices on a global scale.
An increase in the frequency of surgical procedures requiring anaesthetic administration, which causes a drop in body temperature and necessitates the use of temperature control systems to prevent the development of intra-operative hypothermia, is another factor driving market evolution.

How is the U.S Driving Sales of Patient Temperature Monitoring Devices?

"Growing Usage of Wireless Temperature Monitoring Systems in the U.S."

The U.S. market is expanding as a result of the increased incidence of diabetes and cancer, ongoing research into patient monitoring technology, and the widespread use of wireless temperature monitoring systems.

The U.S. market is expanding because of strict regulatory standards for medication research, the key presence of patient temperature monitoring device companies, rising health awareness, and an expanding geriatric population.

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Key Segments Covered in the Patient Temperature Monitoring Industry Survey

By Product :
Handheld
Table-Top
Invasive
Smart
Wearable

By Application :
Pyrexia/Fever
Hypothermia
Blood Transfusion
Anesthesia
Others

By End User :
Hospitals
Home Care Settings
Nursing Facilities
Ambulatory Care Centers
Others

By Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Winning Strategy

Key companies are focused on the introduction of novel temperature monitoring systems, which has resulted in the availability of several brands. This aspect has increased the population's use of temperature monitoring systems, which helped businesses raise their revenue streams.

For instance,

In 2021, The FORXAI Temperature Monitoring App (TMA), a temperature monitoring system for collecting and controlling temperature data acquired constantly by a thermal edge camera, was launched by Konica Minolta Inc.

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Key players in the Patient Temperature Monitoring Market

Beurer GmbH
Briggs Healthcare
Masimo Corporation
Medtronic plc.
Microlife Corporation
Omron Healthcare, Inc.
Actherm Medical Crop.
American Diagnostic Corporation

Key Takeaways from Patient Temperature Monitoring Market Study

The global patient temperature monitoring market is currently valued at US$ 5.6 billion.

Sales of table-top temperature monitoring devices are expected to rise at a CAGR of 8% from 2022 to 2026.

Market in Canada is projected to increase at a CAGR of 9.7% through 2026.

Market in Japan is anticipated to expand at a CAGR of 9% over the forecast period.

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Competitive Landscape:

Patient temperature monitoring device suppliers are focused on new product releases, product upgrades, and global expansion. Expansion of the market is anticipated to be fueled by an increase in distribution partnerships as well as growing focus on preventative care.

In 2020, a brand-new non-contact infrared thermometer was unveiled by Xiaomi. The device has a one-second temperature reading time and a 0.2 degree precision.

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