Patient Temperature Monitoring Market Outlook by Product (Wearable Continuous Monitoring Sensors, Smart Temperature Monitoring Patches, Table-Top Temperature Monitoring Devices, Handheld Temperature Monitoring Devices, Invasive Temperature Monitoring Devices), Site (Non-invasive Temperature Monitoring, Invasive Temperature Monitoring), Application (Pyrexia/Fever, Hypothermia, Blood Transfusion, Anesthesia), End User (Hospitals, Home Care Settings, Nursing Facilities, Ambulatory Care Centers) – Forecast to 2030

Market Overview

The global patient temperature monitoring market size stood at $3,294.8 million in 2021, and the market size will advance at a CAGR of 7.0% during the forecast period, to reach $6,039.3 million by 2030. This is because these devices are non-invasive, non-traumatic, and hygienic, and provide a simple and accurate interpretation of temperature data. In addition, handheld temperature monitoring devices accounted for the largest market share, of 27.0%, in 2021, based on product, due to their greater patient convenience and availability in the industry.

Surge in Prevalence of Chronic and Infectious Diseases

The prevalence of infectious and chronic diseases, such as cancer, diabetes, and cardiovascular diseases, is on the rise. According to statistics, about 5 million individuals would die in the U.K. during the next ten years as a result of chronic diseases. More than 15 million people in the U.K. already have at least one chronic disease, and this figure is predicted to climb further. Therefore, measuring body temperature plays a crucial role in evaluating the condition of the body.

Furthermore, according to statistics, about 6 in 10 people in the U.S. had at least one chronic condition in 2020, and 4 in 10 had two or more chronic diseases. As a result, the temperature change is an important element in an illness diagnosis. The relationship between temperature fluctuation and illness incidence is expected to boost the uptake of monitoring systems. Thus, this factor is expected to boost the patient temperature monitoring market demand in the coming years.

Technological Advancements in Patient Temperature Monitoring Devices To Spur Market Growth

The rising global demand for patient temperature monitoring systems, particularly during the COVID-19 epidemic, has fueled the market expansion. Due to the increasing demand for such devices, several manufacturers have produced digital thermometers for precise and reliable body temperature assessments.

Furthermore, these gadgets feature unique technology to avoid fluctuating readings and reduce mistakes, as well as improved user handling facilities. Such advancements are projected to drive the demand for thermometers throughout the forecast period. For instance, in February 2020, Xiaomi introduced a new non-contact infrared thermometer. The gadget can take a temperature reading in one second and with an accuracy of 0.2 degrees. Conclusively, the above reasons are propelling the market growth.

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Non-Invasive Temperature Monitoring Category Led the Market

The non-invasive temperature monitoring category is the highest revenue generator in the market, accounting for $1,892.9 million in 2021, which is projected to grow at a CAGR of around 7.3% during the forecast period, based on site. The market is expanding in this category due to factors like more pleasant, accessible, accurate, and simple temperature monitoring.

Furthermore, the rising need for oral temperature monitoring leads to an increase in demand for oral thermometers. This need is expected to expedite the market launch of new oral thermometers, providing a considerable potential opportunity for players offering oral thermometers. Moreover, the advantages of auxiliary and temporal artery temperature monitoring, such as quick measurement, simplicity, and little invasion, are driving the patient temperature monitoring market revenue in this category.

Usage of Patient Monitoring System Is High for Pyrexia/Fever

The pyrexia/fever category held the largest share in the market, of around 30.1%, in 2021. The rising geriatric population, as well as an increase in trauma and haemolysis cases, is driving the market expansion in this category. Moreover, fever causes symptoms such as dehydration, increased sensitivity to pain, and fatigue. The surging incidence of diseases is expected to raise the prevalence of fever, which would eventually boost the usage of patient temperature monitoring systems.

Furthermore, hospitals are the major end users of patient monitoring systems in the market, accounting for nearly 44.0% revenue share in 2021. This is due to the increase in the occurrence of infectious illnesses and viruses, the rise in preference for non-invasive monitoring, and the high patient footfall in hospitals.

Digital Thermometer Category To Witness Significant Growth

A digital thermometer is a battery-powered thermometer featuring temperature sensors and a digital display. Because of their accuracy, ergonomics, and interactive digital display, these thermometers are used by healthcare professionals. Furthermore, digital thermometers give benefits such as portability and ease of use, thorough analysis, faster outcomes, higher accuracy, and a lower risk of mercury poisoning. Furthermore, digital thermometers come in a variety of styles, including digital armpit thermometers, digital forehead thermometers, and ear digital thermometers. The availability of such a diverse range of handheld digital thermometers is expected to provide great scope for the expansion of the patient temperature monitoring market in this category.

Tremendous Growth Shown in the North American Market

The North American region is the highest revenue generator in the market, accounting for $1,077.0 million in 2021, which is projected to grow at a CAGR of around 6.9% during the forecast period. This can be ascribed to the presence of major market players, a developed economy, high disposable income of people, increased healthcare spending, a large volume of surgeries, and an increase in blood transfusion and donation, in the region.

In the region, the U.S. accounts for a larger market share. Due to the benefits of patient health assessment, the U.S. healthcare system is seeing enormous expenditures, new product debuts, and increased usage of patient temperature monitoring devices. Furthermore, the rising occurrence of viral outbreaks is expected to boost the growth of the U.S. market during the forecast period.

In addition, the European market holds a substantial share and is predicted to develop at a rapid pace throughout the forecast period, globally. The increased prevalence of chronic diseases, such as diabetes and cancer, and vigorous research activities for patient monitoring technologies are projected to be major factors driving the growth of the market in the region.

To Increase Market Share, Companies Involved in Several Strategic Developments

The market has the presence of several key players, who, in recent years, have been involved in various strategic developments, in order to stay ahead of their competitors. For instance:

• In February 2021, Canon Solutions America Inc. (U.S.) introduced welloStationXTM, an automated, FDA-cleared, digital, and no-touch clinical thermometer.
• In May 2020, Masimo Corporation (U.S.) introduced the Radius T Continuous Thermometer, to keep track of fever more conveniently.

Key Players in the Global Patient Temperature Monitoring Market Are:

• Cardinal Health Inc.
• Hill-Rom Holdings Inc.
• Becton, Dickinson and Company
• Paul Hartmann AG
• Beurer GmbH
• Briggs Healthcare
• American Diagnostic Corporation

Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Product

• Wearable Continuous Monitoring Sensors 
• Smart Temperature Monitoring Patches 
• Table-Top Temperature Monitoring Devices 
  • Non-invasive vital signs monitoring devices
  • Continuous core body temperature monitoring devices
• Handheld Temperature Monitoring Devices 
  • Digital Thermometers
  • Infrared Thermometers
  • Mercury Thermometers
• Invasive Temperature Monitoring Devices

Based on Site

• Non-invasive Temperature Monitoring 
  • Axillary and Temporal Artery Temperature Monitoring
  • Tympanic Membrane Temperature Monitoring
  • Oral Temperature Monitoring
• Invasive Temperature Monitoring
  • Esophageal Temperature Monitoring
  • Urinary Bladder Temperature Monitoring
  • Nasopharynx Temperature Monitoring
  • Rectal Temperature Monitoring

Based on Application

• Pyrexia/Fever 
• Hypothermia 
• Blood Transfusion 
• Anesthesia 
• Other Applications (Sleep, Weight Management)

Based on End User

• Hospitals
• Home Care Settings
• Nursing Facilities
• Ambulatory Care Centers

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • South Africa
  • Saudi Arabia