Patient Temperature Monitoring Market Outlook, Segments, Geography, Dynamics, Recent Developments, and Strategic Insights by 2031

The patient temperature monitoring market size is projected to reach US$ 5.51 billion by 2031 from US$ 3.61 billion in 2023. The market is expected to register a CAGR of 5.8% during 2023–2031.  The growing prevalence of infectious and chronic diseases, followed by increasing awareness of continuous temperature monitoring and preventive care and a growing focus on remote patient monitoring in emerging nations, are likely to remain key trends in the market.

Patient Temperature Monitoring Market Analysis

A patient temperature monitoring system is a medical device that continuously tracks a patient body temperature, thus providing real-time data to healthcare professionals. The products include thermistors, infrared thermometers, digital thermometers and many others. These products are widely used in hospitals, healthcare settings, healthcare facilities, and homecare services. Variation in patient body temperature is a reaction to disease-specific stimuli. The human body regulates its normal temperature to support the body’s defense mechanism. Additionally, other clinical symptoms of temperature monitoring, such as hyperthermia or hypothermia, infection existence, and analysis of antimicrobial treatments, represent significant significance of continuous temperature monitoring. These benefits are expected to accelerate the adoption of thermometers during the forecast period.

Patient Temperature Monitoring Market Overview

The growth of the market is credited to some key driving factors, such as the increasing dominance of infectious and chronic diseases and growing awareness of continuous temperature monitoring and preventive care. However, the high cost of advanced temperature monitoring devices in emerging nations is estimated to hinder the growth of the market to a certain extent during the forecast years. The global patient temperature monitoring market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, the U.S. is the major market for patient temperature monitoring. The growth of the region is attributed to an increase in the demand for patient monitoring and the growing prevalence of fever and associated conditions.

Additionally, increasing focus on technology partnerships and distribution collaborations are also projected to drive the growth of the patient temperature monitoring market in North America. The Asia Pacific region is expected to account for the fastest growth in the patient temperature monitoring market. An increasing awareness among the population for chronic disorders and an aging population are anticipated to drive the Asia Pacific patient temperature monitoring market during the forecast period

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Patient Temperature Monitoring Market: Strategic Insights

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Patient Temperature Monitoring Market Drivers and Opportunities

Growing Prevalence of Infectious and Chronic Diseases

Healthcare systems across the globe are observing massive growth in the prevalence of infectious diseases. Additionally, chronic conditions such as cancer, diabetes, and cardiovascular conditions are witnessing a significant rise in its prevalence across the globe. For instance, according to the Centers for Disease Control and Prevention (CDC), almost 6 in 10 people in the US suffered from at least one chronic disease, and 4 in 10 people had two or more chronic diseases in 2019. Measuring body temperature plays an essential role in assessing the body condition. Moreover, temperature variation is a prominent factor in disease diagnosis. The association of temperature variation and the occurrence of disease is projected to drive the acceptance of patient temperature monitoring systems. Therefore, the adoption of patient temperature monitoring systems is likely to accelerate during the coming years

Increasing R&D Activities and Product Launches

The extensive number of R&D activities are being conducted by industry players to develop advanced temperature monitoring systems. These technology partnerships are likely to offer significant opportunities for the new product launches and the introduction of a wide variety of products during the forecast period. For instance, in April 2020, the partnership of Bioclinica and VivaLNK announced the launch of an advanced remote patient body temperature monitoring for clinical trials. According to the companies, the solution is anticipated to provide comprehensive patient body temperature data from any remote location, whether it may be a home or a research facility. Thus, the increasing number of R&D activities, coupled with the growing number of viral outbreaks, is also projected to drive the market growth during the forecast period. For instance, in April 2020, Aranet, a wireless sensor IOT manufacturer, launched an advanced temperature monitoring system to deal with the increasing incidence of COVID-19 across the globe.

Patient Temperature Monitoring Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Patient Temperature Monitoring market analysis are product type, site, and applications.

• Based on type, the patient temperature monitoring market is divided into wearable continuous monitoring sensors, smart temperature monitoring patches, table-top temperature monitoring devices, handheld temperature monitoring devices, and invasive temperature monitoring devices. The wearable continuous monitoring sensors segment held the largest share of the market in 2023.
• By site, the market is segmented into noninvasive temperature monitoring and invasive temperature monitoring. The noninvasive temperature monitoring segment held the largest share of the market in 2023.
• In terms of application, the market is segmented into pyrexia/fever, hypothermia, blood transfusion, anesthesia, and other applications. The pyrexia/fever segment held a significant share of the market in 2023.

Patient Temperature Monitoring Market Share Analysis by Geography

The geographic scope of the patient temperature monitoring market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. North America has the largest market share of the patient temperature monitoring market by geography. US is the largest market for patient temperature monitoring market. The growth of this market is primarily determined by the increasing prevalence of chronic and infectious diseases, a growing amount of product launches by key players, and an increasing focus on preventive measures to deal with disease prevalence and patient monitoring. Technological advancements have enhanced the safe and effective management of preventive care at home.

Moreover, these devices have the capability to offer information from any remote location. These factors are anticipated to drive the US market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Patient Temperature Monitoring Market Regional Insights

The regional trends and factors influencing the Patient Temperature Monitoring Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Patient Temperature Monitoring Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Patient Temperature Monitoring Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Patient Temperature Monitoring Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Patient Temperature Monitoring Market are:

1. 3M
2. American Diagnostic Corporation
3. Cardinal Health Inc.
4. Drägerwerk AG & Co. KGaA
5. OuraAva Science Inc.
6. Tempdrop LLC.

Disclaimer: The companies listed above are not ranked in any particular order.

Patient Temperature Monitoring Market News and Recent Developments

The Patient Temperature Monitoring market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes essential corporate publications, association data, and databases. A few of the developments in the patient temperature monitoring market are listed below:

• Adventist Health Hanford has recently acquired the IQoolTM temperature management system, an innovative technology that delivers hypothermia treatment for patients when clinically indicated. The IQool™ System employs targeted temperature management (TTM) to monitor and automatically maintain patients' body temperature at 32°C to 39°C. (Source: Adventist Health, Press Release, May 2024)
• Dallas-based medtech company SpotSee has launched TempMonitor, a simple and affordable single-use temperature indicator designed for patients who rely on insulin and Glucagon-like peptide-1 (GLP-1) medications. By using TempMonitor, patients can gain peace of mind knowing that their medications are stored and transported within the recommended temperature range. (Source: Cipla, Press Release, April 2024)

Patient Temperature Monitoring Market Report Coverage and Deliverables

The “Patient Temperature Monitoring Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Patient temperature monitoring market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Patient Temperature Monitoring market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Patient temperature monitoring market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Patient Temperature Monitoring market
• Detailed company profiles