June 18, 2020
According to the research report titled ‘Patient Temperature Monitoring Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product; Site; Application, available with Market Study Report LLC, the global patient temperature monitoring market was worth USD 2,946.47 million in 2019 and is expected to amass USD 4,386.01 million by the year 2027, growing with a CAGR of 5.2% over the analysis timeframe.
Increasing pervasiveness of infectious disorders and chronic diseases, in consort with improved awareness regarding the importance of continuous temperature monitoring are the key factors driving the global patient temperature monitoring market growth. On the other hand, high cost of these advanced temperature monitoring devices may impede the global patient temperature monitoring market growth.
Monitoring the patient temperature includes keeping a record of changes in patient’s temperature. A rise in patient’s temperature is vital diagnosis parameter in viral infections and other critical health disorders. Owing to the technological advancements, popularity of remote monitoring procedures for temperature reading is gaining traction, thereby fueling market growth.
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It is known that human body adjusts its temperature to reinforce the body’s defense mechanism. Clinical indications like hyperthermia or hypothermia state that existence of infection, hence proving the significance of continuous patient temperature monitoring.
The global patient temperature monitoring market is bifurcated based on application spectrum, site type and product terrain.
Elaborating on the site type, the market is divided into invasive and noninvasive. The noninvasive temperature monitoring segment, which comprises of tympanic membrane temperature monitoring, axillary & temporal artery temperature monitoring, and oral temperature monitoring, is slated to grow substantially over the forecast timeframe. Meanwhile, invasive segment is divided into urinary bladder temperature monitoring, rectal temperature monitoring, esophageal temperature monitoring, and nasopharynx temperature monitoring.
In terms on product terrain, the market is categorized into invasive temperature monitoring devices, handheld temperature monitoring devices, table-top temperature monitoring devices, smart temperature monitoring devices, and wearable continuous monitoring sensors. The handheld temperature monitoring devices segment is further divided into mercury thermometers, infrared thermometers, and digital thermometers.
In terms of application spectrum, patient temperature monitoring market is bifurcated into anesthesia, blood transfusion, hypothermia, fever/pyrexia, sleep management, and weight management.
Regionally, the industry is fragmented into North America, South & Central America, Asia Pacific, Europe, and Middle East & Africa.