DUBLIN–(BUSINESS WIRE)–The “Patient Temperature Monitoring – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Patient Temperature Monitoring Market to Reach $12.2 Billion by 2030
The global market for Patient Temperature Monitoring estimated at US$6.3 Billion in the year 2023, is projected to reach a revised size of US$12.2 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2023-2030. Handheld Temperature Monitoring Devices, one of the segments analyzed in the report, is projected to record 10% CAGR and reach US$8.2 Billion by the end of the analysis period. Growth in the Table Top Temperature Monitoring Devices segment is estimated at 7% CAGR for the next 8-year period.
Body temperature is a crucial indicator of health and well-being, making its monitoring essential in medical settings. The importance of body temperature monitoring cannot be overstated, as it is a fundamental aspect of patient care and management. The global patient temperature monitoring market is expected to witness rapid growth, driven by the increasing demand for advanced temperature monitoring devices and growing awareness of the importance of continuous temperature monitoring.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 10.4% CAGR
In 2023, the market is dominated by key competitors, with the US and Europe leading in market share, while the Asia-Pacific region is expected to see the fastest growth. Digital thermometers, in particular, are experiencing rapid growth due to their accuracy and convenience. Recent market activities highlight innovations and the introduction of more sophisticated temperature monitoring solutions. As healthcare providers prioritize patient management, the demand for these advanced devices continues to rise.
The Patient Temperature Monitoring market in the U.S. is estimated at US$1.9 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 7.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.
Key Attributes:
Report Attribute
Details
No. of Pages
613
Forecast Period
2023 – 2030
Estimated Market Value (USD) in 2023
$6.3 Billion
Forecasted Market Value (USD) by 2030
$12.2 Billion
Compound Annual Growth Rate
8.6%
Regions Covered
Global
MARKET OVERVIEW
Body Temperature – An Important Indicator of Health and Well-Being
Importance of Body Temperature Monitoring
A Prelude to Patient Temperature Monitoring
Patient Temperature Monitoring – Global Key Competitors Percentage Market Share in 2023 (E)
Patient Temperature Monitoring Market to Witness Rapid Growth
US and Europe Dominate, Asia-Pacific to Witness the Fastest Growth
Digital Thermometers Witnesses Rapid Growth
Recent Market Activity
WORLD BRANDS
MARKET TRENDS & DRIVERS
Growing Awareness About Importance of Continuous Temperature Monitoring in Patient Management
Increasing demand for advanced temperature monitoring devices
Growth in Number of Blood Transfusion Procedures Drive Patient Temperature Monitoring Market
Rise in Number of Infectious Diseases to Drive the Market for Medical Thermometers
Global Number of Deaths Caused Due to Communicable Diseases (In 000s)
Growing Geriatric Population to Drive the Need for Patient Temperature Monitoring
Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
Self-Care Management Evokes Sales Opportunities
Increasing Paediatric Population Offers Growth Opportunities for Manufacturers
Global Population of Children Between 0-4 years (2015 & 2020P)
High Incidence of Preterm Births Drives Demand for Temperature Monitoring in Neonatal Intensive Care Units
Countries with High Rate of Preterm Births Worldwide Country Total Preterm Births
Rise in Surgical Procedures Calls for Patient Temperature Monitoring Market
Number of Surgical Procedures (per 100,000 People) in Select Countries
Increasing Prevalence of Chronic Disorders Fuels Market Growth
Fatalities by Heart Conditions – Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
Rising Diabetes Prevalence: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2017 and 2045
Smart Thermometers – A Fast Evolving Market
Healthcare Agencies Betting on Digital Smart Thermometers to Identify COVID-19 Hotspots
Smart Thermometers to Aid in Flu Forecasting
Wireless Thermometers – Viable Solution for Undisturbed Temperature Monitoring
Nanoscale Thermometer – The Next Frontier in Technology Advancement
Wearable Thermometers – An Ideal Solution for Infants and Neonates
No-Fuss Infant Thermometers – An Expanding Market
Companies Explore the Body Temperature Monitoring Pills Market
Technological Advancements and Innovations
Thermometer Makers Introduce Innovative Solutions to Support Fight against COVID-19
Vendors Offer Advanced Products for Temperature Screening
Select Launches and Innovations of Medical Thermometers in Recent Years
CWD Innovations Introduces a Wearable Device to Monitor Patient Temperature
Masimo Introduces a Wearable for Monitoring Temperature Regularly
Identiv Designs an NFC-Enabled Body Temperature Measurement Patch
Wireless Temperature Monitoring Patch
Melexis NV Identifies a Unique Approach to Measure Body Temperature
FOCUS ON SELECT PLAYERS (Total 187 Featured)
American Diagnostic Corporation
Actherm, Inc.
Asia Connection Co., Ltd.
American Thermal Instruments
Amico Corporation
Abronn FZE
AME WORLDWIDE
AViTA Corporation
B.Well Swiss AG
Babybelle Asia Ltd.
Beaba UK Ltd.
AndesFit System Limited
3J`SHealthcare Group, LLC
Alicn Medical(Shenzhen),Inc.
Beybi Plastik Fabrikasi Sanayi AS
For more information about this report visit https://www.researchandmarkets.com/r/lpjdrw
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