The patient temperature monitoring global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Patient Temperature Monitoring Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The patient temperature monitoring market size has grown strongly in recent years. It will grow from <b>$4.59 billion in 2023 to $4.96 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. </b> The growth in the historic period can be attributed to patient safety concerns, prevalence of fever-related conditions, advancements in temperature monitoring devices, increased hospitalization rates, rise in chronic diseases, regulatory standards and compliance.
The patient temperature monitoring market size is expected to see strong growth in the next few years. It will grow to <b>$6.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. </b> The growth in the forecast period can be attributed to remote patient monitoring (rpm) growth, point-of-care temperature monitoring, focus on infection control, smart healthcare infrastructure, population health management initiatives, focus on patient comfort and compliance. Major trends in the forecast period include contactless temperature monitoring, adoption of wireless and bluetooth technologies, wearable temperature monitoring devices, data analytics and predictive monitoring, enhanced accuracy and precision.
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Scope Of Patient Temperature Monitoring Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Patient Temperature Monitoring Market Overview
Market Drivers –
The rising incidence of diseases is expected to propel the growth of the patient temperature monitoring market going forward. 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. For instance, according to The World Health Organization, Switzerland-based a specialized agency of the United Nations responsible for international public health, in 2022, noncommunicable diseases (NCDs) are responsible for 41 million deaths worldwide each year, or 71% of all fatalities. Also, every year, 17.9 million people die from cardiovascular illnesses, making them a significant contributor to NCD fatalities. Cardiovascular illness was the leading cause of mortality, followed by cancer (9.3 million), respiratory conditions (4.1 million), and diabetes (1.5 million). Therefore, the rising prevalence of diseases will continue to drive the patient temperature monitoring market.
Market Trends –
Major companies operating in the patient temperature monitoring market are adopting new products, such as ambulatory connected patient monitoring system, to sustain their position in the market. An ambulatory connected patient monitoring system is a wearable technology that wirelessly collects and transmits real-time health data from patients, enabling remote monitoring of vital signs and medical parameters outside of traditional healthcare settings. For instance, in October 2023, Dozee, an India-based company that provides remote patient monitoring launched Dozee Pro Ex. Dozee Pro Ex provides continuous monitoring of patient vitals including ECG rhythm, blood pressure, heart rate/pulse rate, oxygen saturation, respiration rate, and temperature. This System comes with an artificial intelligence (AI)-powered early warning system that tracks the trends of vital parameters and provides timely alerts for possible clinical deterioration.
The patient temperature monitoring market covered in this report is segmented –
1) By Type: Contact-based Temperature Monitoring Systems, Non-Contact-based Temperature Monitoring System
2) By Site: Non Invasive Temperature Monitoring, Invasive Temperature Monitoring
3) By Application: Pyrexia/Fever, Hypothermia, Blood Transfusion, Anesthesia, Other Applications
4) By End User: Hospital and Surgical Centers, Nursing Facilities, Ambulatory Care Centers, Home Care, Other End Users
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Regional Insights –
North America was the largest region in the patient temperature monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the patient temperature monitoring market report 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, Africa.
Key Companies –
Major companies operating in the patient temperature monitoring market report are Cardinal Health Inc., 3M Company, Koninklijke Philips NV, 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 Inc., iHealth Lab Inc., DeltaTrak Inc., Exergen Corporation, Medisana GmbH, Geratherm Medical AG, Nureca Healthcare Private Limited, A&D Company Ltd., Actherm Inc., Cosinuss GmbH, Vandelay Brands Limited, Kinsa Inc., Abbott Laboratories, American Diagnostic Corporation, CAS Medical Systems Inc., C.R. Bard Inc., Edwards Lifesciences Corporation, GE HealthCare Technologies Inc., Hill-Rom Holdings Inc., Honeywell International Inc., ICU Medical Inc., Medtronic plc, Natus Medical Incorporated, Nonin Medical Inc., Procter & Gamble Co., Quest Products Inc., Riester GmbH & Co. KG, Rossmax International Ltd., Smiths Medical International Ltd., Spacelabs Healthcare LLC, SunTech Medical Inc., The Welch Allyn Inc., Thermomedics Inc., Tyco Healthcare Group Canada Inc., Vital Signs Inc., Vyaire Medical Inc., Welch Allyn Inc., ZOLL Medical Corporation
Table of Contents
1. Executive Summary
2. Patient Temperature Monitoring Market Report Structure
3. Patient Temperature Monitoring Market Trends And Strategies
4. Patient Temperature Monitoring Market – Macro Economic Scenario
5. Global Patient Temperature Monitoring Market Size and Growth
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31. Global Patient Temperature Monitoring Market Competitive Benchmarking
32. Global Patient Temperature Monitoring Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Patient Temperature Monitoring Market
34. Patient Temperature Monitoring Market Future Outlook and Potential Analysis
35. Appendix
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