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Patient Temperature Monitoring Market Report and Forecast 2024-2032

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    Report

  • 140 Pages
  • October 2023
  • Region: Global
  • Expert Market Research
  • ID: 5910839
The global patient temperature monitoring market size was valued at USD 4.1 billion in 2023, driven by technological advancements and changing healthcare dynamics across the globe. The market size is anticipated to grow at a CAGR of 7.3% during the forecast period of 2024-2032 to achieve a value of USD 7.2 billion by 2032.

Patient Temperature Monitoring: Introduction

Patient temperature monitoring is a fundamental and vital procedure in the healthcare sector, providing clinicians with crucial information about a patient's physiological state. Whether it's detecting a fever, which might be indicative of an infection, or ensuring the safe and effective management of a patient's body temperature during surgical procedures, accurate temperature monitoring is paramount.

Various tools and technologies, from traditional mercury thermometers to advanced infrared and tympanic devices, facilitate this monitoring across different settings - be it at home, in outpatient clinics, or critical care environments. Continuous advancements in this domain aim to offer more precise, non-invasive, and convenient methods for both patients and healthcare professionals, ensuring timely interventions and optimal patient outcomes.

Key Trends in the Global Patient Temperature Monitoring Market

The global patient temperature monitoring market has been evolving rapidly, driven by technological advancements, and changing healthcare dynamics. A significant shift has been observed from invasive to non-invasive temperature monitoring methods, with devices like infrared and tympanic thermometers becoming increasingly popular due to their user-friendly nature and reduced cross-contamination risks. The proliferation of wearable technology has ushered in an era of wearable temperature monitors, offering continuous, real-time data. In tandem with this, the rise of smart, connected devices has enabled seamless integration of monitoring tools with digital platforms, fostering real-time alerts and data sharing capabilities. The COVID-19 pandemic markedly heightened the demand for temperature monitoring, especially emphasizing contactless thermometers, given fever's prominence as a primary symptom.

Concurrently, the increasing number of surgical procedures globally underscores the importance of intraoperative temperature monitoring for patient safety. Regulatory bodies, emphasizing accuracy and safety, have imposed stringent standards, influencing device manufacturing and development. Environmental concerns have also precipitated a move away from mercury thermometers, given the associated risks. Amidst these trends, market consolidation through mergers and acquisitions remains a defining characteristic as industry players seek expanded capabilities and reach.

Global Patient Temperature Monitoring Market Segmentation

Market Breakup by Type

  • Wearable
  • Digital
  • Smart
  • Continuous
  • Infrared

Market Breakup by Application

  • 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 global patient temperature monitoring market is an integral segment of the healthcare industry, underpinned by the essential need to assess a patient's physiological state through temperature measurement. Encompassing a range of devices from traditional mercury thermometers to advanced non-invasive and wearable monitors, this market addresses diverse settings, from hospitals to homecare. The recent surge in demand for innovative, user-friendly devices can be attributed to a heightened focus on patient comfort, reduced cross-contamination risks, and the convenience of continuous monitoring. The rise of connected healthcare has also led to the integration of temperature monitoring devices with digital platforms, facilitating real-time data access and remote patient monitoring. While the COVID-19 pandemic underscored the market's significance, emphasizing fever as a primary symptom, the broader trend leans towards enhanced technology and design advancements.

Simultaneously, regulatory standards and environmental considerations, particularly the phase-out of mercury thermometers, are moulding manufacturing and product development practices. The market landscape is marked by collaborations, mergers, and acquisitions as key players endeavour to broaden their technological prowess and geographical presence.

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
The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


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Table of Contents

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

Companies Mentioned

  • 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

Methodology

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