The global patient temperature monitoring market is projected to reach USD 3.21 billion by 2023 from USD 2.55 billion in 2018, at a CAGR of 4.7%. Rising prevalence of infectious diseases, increasing geriatric and pediatric population, increasing number of surgical procedures, growing number of blood transfusion procedures, rising awareness about continuous temperature monitoring, and increasing demand for advanced temperature monitoring devices are the factors expected to drive the market during the study period. However, the high cost of advanced temperature monitoring devices and low awareness of noninvasive and continuous temperature monitoring devices in developing countries are the factors restraining the growth of this market to a certain extent.
By application, the patient temperature monitoring market is segmented into pyrexia fever, hypothermia, blood transfusion, anesthesia, and other applications. The pyrexia/fever segment is expected to register the highest growth during the forecast period. The high growth of this segment is attributed to the growing prevalence of infectious diseases, growing number of trauma and hemolysis cases, growing preference for non-invasive monitoring, increasing availability of non-contact thermometers, and rising geriatric population. Asia Pacific is expected to register the highest growth rate during the forecast period due the growing demand for cosmetic surgeries, increasing pediatric population, increasing prevalence of lifestyle diseases, rising blood donations and transfusion cases, rising incidence of infectious diseases, government efforts to increase access to elective surgeries, and improving healthcare infrastructure.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Patient Temperature Monitoring Devices Market, By Product
8 Patient Temperature Monitoring Market, By Site
9 Patient Temperature Monitoring Market, By Application
10 Patient Temperature Monitoring Market, By End User
11 Patient Temperature Monitoring Market, By Region
12 Competitive Landscape
13 Company Profiles
- American Diagnostic Corporation
- Braun (Subsidiary of Procter & Gamble)
- Cardinal Health
- Hill-Rom Holdings
- Koninklijke Philips N.V.