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Global Patient Temperature Monitoring Market Size, Share: By Type: Wearable, Digital, Smart, Continuous, Infrared; By Applications: Fever, Anesthesia, Hypothermia; By End User: Hospitals, Home Care, ASCs; Regional Analysis; Market Dynamics; Patent Analysis; Grants Analysis; Funding and Investment Analysis; Competitive Landscape; 2024-2032
Global Patient Temperature Monitoring Market Outlook
The global patient temperature monitoring market size was valued at USD 4.1 billion in 2023, driven by increasing technological innovation across the globe. The market size is anticipated to grow at a CAGR of 6.5% during the forecast period of 2024-2032 to achieve a value of USD 7.2 billion by 2032.
Patient Temperature Monitoring: Introduction
Temperature monitoring is performed to measure and record the temperature of a specific environment or process to control it. This is performed using temperature sensors, which are devices that convert temperature into an electrical signal that can be recorded and analyzed. Several devices and equipment are used to manage appropriate temperature for a patient including both heating and cooling devices, such as warming blankets, cooling pads, and intravascular temperature management systems. Patient temperature management is used to maintain a healthy body temperature for better patient recovery and prevent complications. It is used in a variety of medical settings, including surgery, critical care, and emergency medicine.
Global Patient Temperature Monitoring Market Analysis
The market is witnessing significant advancements driven by emerging technologies and innovative solutions. For instance, Blue Spark Technologies, a pioneer in wearable remote patient monitoring, is set to exhibit TempTraq® at the 2023 Consumer Electronics Show (CES). This continuous temperature monitoring device, integrated into the Medidata Sensor Cloud, offers valuable data for clinical trials. Additionally, BABYFM is revolutionizing rare disease treatment with its continuous temperature monitoring, AI analysis, and machine learning models. These capabilities enable early detection, treatment monitoring, and research contributions, ultimately improving patient care, and in turn aid the patient temperature monitoring market growth.
Tenovi's cellular-enabled Infrared thermometer, coupled with their Cellular Gateway, allows patients to transmit real-time temperature data to clinicians, particularly crucial for early detection in conditions like sepsis. These trends are reshaping the landscape of patient temperature monitoring, enhancing healthcare outcomes and research efforts.
Global Patient Temperature Monitoring Market Segmentations
Market Breakup by Type
- Wearable
- Digital
- Smart
- Continuous
- Infrared
Market Breakup by Applications
- Fever
- Anesthesia
- Hypothermia
Market Breakup by End User
- Hospitals
- Home Care
- ASCs
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Patient Temperature Monitoring Market Overview
The market is experiencing significant growth driven by the increasing prevalence of infectious diseases leading to a higher incidence of fever, boosting the demand for body temperature monitoring devices. Additionally, the growing paediatric population is playing a crucial role in driving market growth as well. With a continuous rise in the number of children, the demand for body temperature monitoring devices is expected to surge in the coming years. Furthermore, the introduction of new products in the market is contributing to the global patient temperature monitoring market share. These product launches are enhancing the options available for temperature monitoring. However, some challenges co-exist, such as concerns related to the use of rectal thermometers and infrared thermometers. These concerns may temporarily hinder the growth of the market.
Innovations in temperature monitoring are also making an impact on the market. For example, the integration of continuous temperature monitoring, AI analysis, and machine learning models, particularly in rare disease treatment, is gaining momentum. Such advancements enable early disease detection, monitor treatment effectiveness, and support remote patient monitoring, ultimately improving patient care and contributing to research efforts. One significant development is the release of a cellular-enabled infrared thermometer by Tenovi, a leading innovator in remote patient monitoring solutions. Paired with the Tenovi Cellular Gateway, this FDA-cleared medical device allows patients to transmit real-time temperature readings to clinicians, which is especially critical for early infection detection, such as in cases of sepsis where timely treatment is paramount. Overall, these factors are significantly propelling the global patient temperature monitoring market demand.
Due to a large number of surgical procedures and increase in blood donation and transfusion, North America is expected to dominate the regional market.
Global Patient Temperature Monitoring Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Cardinal Health Inc.
- 3M
- Koninklijke Philips N.V.
- Drägerwerk
- Hill-Rom Holdings, Inc.
- Becton, Dickinson and Company
- Omron Healthcare Inc. Financial Analysis
- Masimo Corporation
- Terumo Corporation
- Paul Hartmann AG
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Applications |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Patient Temperature Monitoring Market Overview
3.1 Global Patient Temperature Monitoring Market Historical Value (2017-2023)
3.2 Global Patient Temperature Monitoring Market Forecast Value (2024-2032)
4 Global Patient Temperature Monitoring Market Landscape
4.1 Global Patient Temperature Monitoring: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Patient Temperature Monitoring: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Applications
5 Global Patient Temperature Monitoring Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Patient Temperature Monitoring Market Segmentation
6.1 Global Patient Temperature Monitoring Market by Type
6.1.1 Market Overview
6.1.2 Wearable
6.1.3 Digital
6.1.4 Smart
6.1.5 Continuous
6.1.6 Infrared
6.2 Global Patient Temperature Monitoring Market by Applications
6.2.1 Market Overview
6.2.2 Fever
6.2.3 Anesthesia
6.2.4 Hypothermia
6.3 Global Patient Temperature Monitoring Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Home Care
6.3.4 ASCs
6.4 Global Patient Temperature Monitoring Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Patient Temperature Monitoring Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Patient Temperature Monitoring Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Patient Temperature Monitoring Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Patient Temperature Monitoring Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Patient Temperature Monitoring Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Funding and Investment Analysis
15.1 Analysis by Funding Instances
15.2 Analysis by Type of Funding
15.3 Analysis by Funding Amount
15.4 Analysis by Leading Players
15.5 Analysis by Leading Investors
15.6 Analysis by Geography
16 Partnership and Collaborations Analysis
16.1 Analysis by Partnership Instances
16.2 Analysis by Type of Partnership
16.3 Analysis by Leading Players
16.4 Analysis by Geography
17 Supplier Landscape
17.1 Cardinal Health Inc.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 3M
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Koninklijke Philips N.V.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Drägerwerk
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Hill-Rom Holdings, Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Becton, Dickinson and Company
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Omron Healthcare Inc. Financial Analysis
17.7.1 Product Portfolio
17.7.2 Demographic Reach and Achievements
17.7.3 Mergers and Acquisitions
17.7.4 Certifications
17.8 Masimo Corporation
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Terumo Corporation
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Paul Hartmann AG
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 4.1 billion in 2023, driven by the emerging technologies and innovative solutions.
The market is anticipated to grow at a CAGR of 6.5% during the forecast period of 2024-2032 and is likely to reach a market value of USD 7.2 billion by 2032.
The increasing prevalence of infectious diseases is a major factor driving the market growth.
The increasing technological development is the major trend influencing the market growth.
What are the major regional markets for patient temperature monitoring, according to the EMR report?
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Different products in the market include wearable, digital, smart, continuous, and infrared.
They find wide applications in fever, anesthesia, and hypothermia.
End users in the market are hospitals, home care, and ASCs.
Key players involved in the market are Cardinal Health Inc., 3M, Koninklijke Philips N.V., Drägerwerk, Hill-Rom Holdings, Inc., Becton, Dickinson and Company, Omron Healthcare Inc. Financial Analysis, Masimo Corporation, Terumo Corporation, and Paul Hartmann AG.
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