Press release
Patient Temperature Monitoring Market Thrives Globally: Anticipated CAGR of 7.2% and 9.8% through 2025 and 2029 Respectively, Driven by Advanced technologies and Diseases Prevalence Trends
Patient Temperature Monitoring Market Size
What Is The Projected Market Size Of The Global Patient Temperature Monitoring Market And Its Growth Rate?
• The global patient temperature monitoring market is currently valued at $4.83 billion in 2024 and is expected to rise to $5.18 billion in 2025, representing a compound annual growth rate (CAGR) of 7.2%.
• Advanced temperature monitoring technologies and increased hospitalization rates due to chronic diseases are among the reasons for the robust growth in the recent years.
• The market size is estimated to surge to $7.53 billion in 2029, showing a CAGR of 9.8% due to the proliferation of remote patient monitoring, smart healthcare infrastructures and the prioritization of patient comfort and compliance.
What Is Driving The Growth In The Patient Temperature Monitoring Market?
The primary factor driving growth in the patient temperature monitoring market is the rising incidence of diseases. Diseases, whether caused by bacteria, viruses, parasites, or fungi, often result in temperature changes, making temperature maintenance systems a crucial part of patient care. Chronic diseases such as cardiovascular diseases, cancer, respiratory conditions, and diabetes not only result in a significant number of fatalities each year, but also require continuous temperature monitoring for optimal patient care. Hence, the increasing prevalence of diseases is projected to keep propelling the patient temperature monitoring market forward.
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Who Are the Key Players Driving Patient Temperature Monitoring Market Growth?
Prominent market players include:
• Cardinal Health Inc.
• 3M Company
• Koninklijke Philips NV
• Drägerwerk AG & Co.
• Microlife Corporation
• Becton Dickinson and Company
• Omron Healthcare Inc.
• And many others.
What Are The Key Trends In The Patient Temperature Monitoring Market?
The forecast period will see increased traction in trends like:
• Contactless temperature monitoring
• Adoption of wireless and Bluetooth technologies
• Wearable temperature monitoring devices
• Data analytics and predictive monitoring
• Enhanced accuracy and precision in temperature monitoring devices
What Are The Segments Of The Global Patient Temperature Monitoring Market?
The market report segments the global patient temperature monitoring market into:
1) Type: Contact-Based Temperature Monitoring Systems, Non-Contact-Based Temperature Monitoring System
2) Site: Non Invasive Temperature Monitoring, Invasive Temperature Monitoring
3) Application: Pyrexia Or Fever, Hypothermia, Blood Transfusion, Anesthesia, Other Applications
4) End User: Hospital And Surgical Centers, Nursing Facilities, Ambulatory Care Centers, Home Care, Other End Users
Which Region Leads The Patient Temperature Monitoring Market?
In 2024, North America was the largest region in the patient temperature monitoring market. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The regions covered in the patient temperature monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Patient Temperature Monitoring Global Market Report?
- Market Size Analysis: Analyze the Patient Temperature Monitoring Market size by key regions, countries, product types, and applications.
- Key Player Analysis: Detail a broad overview of key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Patient Temperature Monitoring Global Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Patient Temperature Monitoring Global Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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