Healthcare

Global Patient Temperature Monitoring Market

April 5, 2020
ID: SR/HC-22
Format:Pdf
Pages:220

Global Patient Temperature Monitoring Market- By Product (Wearable, Non- invasive, Continuous core, Digital, Invasive Monitors ), By Site (Skin, Tympanic, Rectal), By Application (Fever, Hypothermia, Anesthesia), By End User (Hospitals and Blood Banks) and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027

Description

Global Patient Temperature Monitoring Market Overview

Patient temperature monitoring is a handheld device used to measure the temperature of the patient at a particular interval of time. The patient temperature monitoring is required in various cases, such as surgery, sepsis, infection, fertility and ovulation assessment, treatment of hypothermia, and postoperative care. The portable device operates from electricity and continuously monitors the temperature and accepts a wide range of monitoring probes. These probes are audio sensitive and can be used to monitor the sound of the heart and lungs.

Global Patient Temperature Monitoring Market Insights

The global patient temperature monitoring market expected to spur the market growth at a tremendous CAGR in the forecast period from 2020-2027. Due to the rising geriatric population, increasing surgical procedures, the emerging prevalence of infectious disease, growing blood transfusion procedures, and the outbreak of viruses and influenza have fueled the market of patient temperature monitoring.

Moreover, emerging technology and the rising adoption of smart devices and instruments have propelled the market demand for patient temperature monitoring in the global market. The patient temperature monitoring devices help in observing the temperature in real-time and easily update doctors through the internet. Moreover, the wireless sensor in monitoring devices has reduced the chances of many incidents as the tool can easily detect the abnormality in the heart rate and immediately send signals in the forms of audio alarms.

This technology unconventionally examines the patient, and increases access to care, reduces the hospital’s bills and reduce the wastage of time. The ethernet connection in the portable temperature monitoring device not only collects the real-time data but also receive blood pressure reading and heart and lungs rate reading and send it to the doctor. Therefore, advancement in technology has smoothened the function and also reduces the expense of hospitals and time for visiting doctors.

Furthermore, with rising urbanization, the growing disposable income, and the economy, there is a lifestyle change among people. Improving medical science and healthcare infrastructure has also improved. Therefore, people have started adopting new healthcare devices, which have reduced their stress and improves the function of life. Moreover, the portable temperature monitoring device has improved the measurement result and transmit the data through the central node channel, which keeps the information secure without any ambiguity.

Growth Driver

Technology Advancement

The technology up-gradation in the measurement devices have provided not only accurate information but also provide real-time data to the doctors in the time of their absence. The technology development has reduced the overall overheads cost, time, and improves the surveillance of the patients.

Rising Chronic diseases

The rising chronic diseases have increased the rate of surgeries in hospitals and also fuel the risk of infectious diseases. A need for measuring body temperature before and after surgery reduces the risk of infections and bacteria in the body.

By Product Segmental Analysis

Based on product, the global Patient Temperature Monitoring market segmented into Wearable, Non- invasive, Continuous core, Digital, Invasive Monitors. Non-invasive accounted for the largest market share in the global patient temperature monitoring market, mainly due to the elimination of thermowell. The non-invasive instruments minimized the chances of transmission of infection to a patient as they do not touch pipes and vessels. The pipes penetration into patients has eliminated; thus, it reduces the chances of contamination to the environment as well. The non-invasive instruments have not only improved the accuracy of measurement but have increased the time of response and heat capacity of the measuring devices. Therefore, the non-invasive segment will bolster the demand for the global patient temperature monitoring market.

By Site Segmental Analysis

Based on sites, the global Patient Temperature Monitoring market distributed into Skin, Tympanic, Rectal. The tympanic temperature segment has dominated the largest market share of the worldwide patient temperature monitoring market. The tympanic site considered the most accurate to measure the temperature of the patient. As the temperature of tympanic is always measured higher than from the oral temperature. The portable temperature measuring devices are inserted in the ear canal for 1 minute and take a reading. Therefore, the market demand for the tympanic site has fueled the market share of the global patient temperature monitoring market.

By Application Segmental Analysis

Based on the Application, the global Patient Temperature Monitoring classified into Fever, Hypothermia, Anesthesia. The fever segment has captured the largest market share for the worldwide patient temperature monitoring market. Owing to the rising number of infectious diseases, which causes fever, and also rising hemolysis cases have propelled the market share of the temperature monitoring market. Moreover, a patient suffering from trauma and increasing demand for non-invasive temperature monitoring devices has fueled the need for the global patient temperature monitoring market.

By End-users Segmental Analysis

Based on the end-users, the global Patient Temperature Monitoring market bifurcated into Hospitals and Blood Banks. Hospitals have the largest market share in the global patient temperature monitoring market. The main factors driving growth in this area include substantial investment in R&D and funding to purchase advanced and costly equipment, which have fueled the demand for the global patient temperature monitoring market.

By Region Segmental Analysis

Based on geography, the global Patient Temperature Monitoring market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific expected to witness the highest growth during the forecast period. The rise in the elderly population, advance equipment in the healthcare industry, the growing demand for immediate diagnostic testing. Moreover, the increasing infectious virus diseases and rising geriatric population will drive growth in the Patient Temperature Monitoring market in the Asia Pacific.

Competitor Analysis

Companies such as Cardinal Health, Koninklijke Philips N.V., Hill-Rom Services Inc., Drägerwerk AG & Co. KGaA, Terumo Medical Corporation, Masimo, Microlife Corporation, Procter & Gamble, Actherm Inc., American Diagnostic Corporation, Briggs Healthcare, HICKS, Medtronic, Sanomedics International Holdings Inc., Welch Allyn, Medium Healthcare, Cosinuss GmbH, Helen of Troy, Omron Healthcare, Inc., BD and others are key players in the global patient temperature monitoring market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global patient temperature monitoring manufacturing companies
Research organizations and consulting companies’ patient temperature monitoring
Regulatory bodies

Scope of the report

Report Attribute	Details
Market size value in 2020	USD 4.23 Billion
Revenue forecast in 2027	USD 7.43 Billion
Growth Rate	CAGR of 11.32% from 2020 to 2027
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Cardinal Health, Koninklijke Philips N.V., Procter & Gamble, Actherm Inc., American Diagnostic Corporation, Briggs Healthcare, HICKS, Hill-Rom Services Inc., Drägerwerk AG & Co. KGaA, Terumo Medical Corporation, Masimo, Microlife Corporation, Medtronic, Sanomedics International Holdings Inc., Welch Allyn, Medium Healthcare, Cosinuss GmbH, Helen of Troy, Omron Healthcare, Inc., BD and others.

Recent Developments

In September 2021, iXensor launched a new Eveline·Care service, effectively turning the smartphone-based Eveline Ovulation Predictor Kit into a telehealth-enabled fertility monitoring system.
In September 2021, Syntiant introduced NDP102 Neural Decision Processor to offer edge AI sensor applications.
In April 2021, greenTEG and Leitwert Partnered for Automated and Continuous CORE body temperature monitoring solution.

The objective of the Research

Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Product

Wearable
Non- invasive
Continuous core
Digital
Invasive Monitors

By Site

Skin
Tympanic
Rectal

By Application

Fever
Hypothermia
Anesthesia

By End-Users

Hospitals
Blood Banks

By Region

Europe
North America
Asia Pacific
South America

Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the current value of the global Patient Temperature Monitoring Market?

The current value of the global Patient Temperature Monitoring Market is USD 4.23 Billion and will reach USD 7.43 Billion by 2027.

Who are the winners in the Patient Temperature Monitoring Market?

Cardinal Health, Koninklijke Philips N.V., Procter & Gamble, Actherm Inc., American Diagnostic Corporation, Briggs Healthcare, HICKS, Hill-Rom Services Inc., Drägerwerk AG & Co. KGaA, Terumo Medical Corporation, Masimo, Microlife Corporation, Medtronic, Sanomedics International Holdings Inc., Welch Allyn, Medium Healthcare, Cosinuss GmbH, Helen of Troy, Omron Healthcare, Inc., BD and others are winners the global patient temperature monitoring market.

What is the current growth rate of the Patient Temperature Monitoring Market?

The current growth rate of the Patient Temperature Monitoring Market is 11.32%.

Which region is leading the Patient Temperature Monitoring Market?

The Asia Pacific region will drive the market due to the growing demand for immediate diagnostic testing, the increasing elderly population, and advanced equipment in the healthcare industry.

Who are the end-users of the Patient Temperature Monitoring Market?

Hospitals and Blood Banks are the end-users of the Patient Temperature Monitoring Market.

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