The patient temperature monitoring sector was valued at approximately US$ 2,946.47 million in 2019 and is anticipated to grow to US$ 4,386.01 million by 2027, reflecting a compound annual growth rate (CAGR) of 5.2% from 2020 to 2027.
Several factors are propelling the expansion of the patient temperature monitoring market, including the rising incidence of chronic and infectious diseases, alongside an increasing awareness regarding the importance of continuous temperature monitoring and preventive healthcare. Nevertheless, the high costs associated with advanced temperature monitoring devices in developing countries pose a challenge to market growth.
Monitoring a patient's temperature is crucial for detecting variations that may indicate health issues. An elevated temperature is a common symptom associated with viral infections and various critical health conditions, making temperature monitoring a vital component in disease diagnosis. The market offers a variety of products tailored to meet diverse customer needs. With ongoing technological advancements, there is a noticeable shift towards remote temperature monitoring solutions.
The human body?s temperature can fluctuate in response to specific disease-related stimuli. It is essential for the body to maintain a normal temperature to facilitate its defense mechanisms. Furthermore, clinical indicators such as hypothermia, hyperthermia, and the presence of infections underscore the necessity for continuous temperature monitoring. These advantages are likely to drive the increased adoption of thermometers throughout the forecast period.
The global patient temperature monitoring market is categorized based on product type, monitoring site, and application. In terms of monitoring site, the market is divided into noninvasive and invasive temperature monitoring. The noninvasive segment is further divided into oral, axillary, temporal artery, and tympanic membrane temperature monitoring. Conversely, the invasive temperature monitoring segment includes nasopharynx, esophageal, rectal, and urinary bladder temperature monitoring. The noninvasive temperature monitoring segment currently holds a larger market share and is expected to exhibit a higher CAGR during the forecast period.
From a product perspective, the patient temperature monitoring market is segmented into wearable continuous monitoring sensors, smart temperature monitoring patches, tabletop temperature monitoring devices, handheld temperature monitoring devices, and invasive temperature monitoring devices. The tabletop temperature monitoring devices are further classified into noninvasive vital signs monitoring devices and continuous core body temperature monitoring devices. Meanwhile, handheld temperature monitoring devices are subdivided into digital thermometers, infrared thermometers, and mercury thermometers. In terms of application, the market is categorized into pyrexia/fever, hypothermia, blood transfusion, anesthesia, and other applications such as sleep management and weight management.
To compile this report, several key primary and secondary sources were consulted, including the Food and Drug Administration (FDA), World Health Organization (WHO), Organization for Economic Co-operation and Development, National Institutes of Health (NIH), and Centers for Disease Control and Prevention (CDC).