The global Patient Temperature Monitoring Market size was estimated at USD 3.9 billion in 2022 and is expected to hit around USD 6.8 billion by 2030, anticipated to grow at a CAGR of 6.37% from 2023 to 2030.

Patient Temperature Monitoring Market Overview

By taking a patient's temperature, doctors can find out about sudden illnesses, inflammation, infections, and how the immune system is responding. It also helps figure out what the problem is and how well the treatment is working. Several non-invasive techniques and tools are used to look at the mouth, ear, armpit, rectum, and forehead, among other places on the body. On the other hand, most of the time, readings of a patient's core temperature are taken with invasive machines like thermometers, probes, and electronic tablets.

Also, states and cities in many different parts of many different countries are putting reopening plans into action. Because of this, there is a growing need for non-contact temperature assessment devices, which are used to check the temperature of different rooms without touching them. These devices are used in schools, colleges, offices, malls, supermarkets, restaurants, metro stations, and other public places. These tools are needed to find infections that are contagious. These devices can also be used to look for signs of infectious diseases, which is a very common use for them. As a result, there has been a big rise in the number of children who have them, which is pushing the market to grow. Wearable technologies that can measure the body's core temperature continuously and accurately and send real-time information to smartphones also help the market grow. Also, because exercise raises the body's core temperature, professional athletes and people who do other physically demanding activities are using body temperature monitoring devices more than they used to.

Patient Temperature Monitoring Market Growth Dynamics

Drivers: Rising population and increasing prevalence of infectious diseases

About 1% of the world's population is added each year. There is a link between population growth and an exponential rise in the number of people living in an area, which makes it easier for infectious diseases and viruses to spread. As of 2021, the most common infectious diseases and viruses around the world are SARS-COVID, tuberculosis (TB), malaria, pneumonia, dengue, HIV, and whooping cough. It is expected that these diseases and viruses will become more common around the world. Children and older people are more likely to get these diseases than other people. Changes in temperature are linked to these contagious diseases in a unique way. So, by keeping an eye on temperature quickly, these conditions can be found and treated in the right way.

Opportunities: Growth opportunities in emerging markets

Emerging markets such as India, Brazil, and Mexico are predicted to give market participants in the patient temperature monitoring sector with substantial potential opportunities. Several manufacturers are emphasising strategic acquisitions and agreements/partnerships with regional/domestic enterprises for product distribution and manufacturing to meet the rising demand for temperature monitoring in growing nations. Moreover, the rising competition in developed countries will drive manufacturers to turn their attention to the Asia-Pacific and Latin American emerging markets.

Restraints: Lack of awareness regarding non-invasive and continuous temperature monitoring devices

The lack of information among doctors and other healthcare professionals regarding advances incorporated by manufacturers, as well as a lack of trained and experienced personnel who can successfully operate and process these devices, are the key impediments to their broad adoption.

Challenges: Concerns related to rectal temperature monitoring

To perform minimally invasive monitoring of the core temperature, a temperature catheter is inserted through the anus and a few centimetres into the rectum. The extended time of monitoring, worries about privacy, the high danger of intestinal injury, and the presence of excrement that prevents the thermometer from reaching the intestinal wall may discourage the use of these devices.

Segmentation

The Global patient temperature monitoring market is segmented based on product, site, application, end-users.

Temperature monitoring devices, handheld temperature monitoring devices, and invasive temperature monitoring devices make up the market for patient temperature monitoring. In addition to continuous core body temperature monitoring devices and non-invasive vital signs monitoring devices, table top temperature monitoring devices are further classified into non-invasive vital signs monitoring devices. In addition to mercury thermometers, digital thermometers, and infrared thermometers, the portable temperature monitoring device market is divided into digital thermometers and infrared thermometers.

The market is split into non-invasive and invasive temperature monitoring based on location. Non-invasive temperature monitoring includes the subsets of oral temperature monitoring, axillary and temporal artery temperature monitoring, and tympanic membrane temperature monitoring. Subcategories of invasive temperature monitoring include oesophageal temperature monitoring, nasopharynx temperature monitoring, urinary bladder temperature monitoring, and rectal temperature monitoring.

The market is categorised based on application into pyrexia/fever, hypothermia, blood transfusion, anaesthesia, and others. The market is categorised by end-user into hospitals & clinics, nursing facilities, home care, ambulatory care centres, and others.

Regional Analysis:

The region has a high prevalence of lifestyle diseases, which, together with the rising number of clinical trials certifying patient monitoring devices and the rising number of patient monitoring approvals, all contribute to the targeted market's expansion. In March 2021,CIRCA Scientific reported that the S-CATH esophageal temperature probe had been approved for commercial sale in the United States. The market as a whole will profit from increased expenditures on research & development and healthcare. Innovative monitoring methods for patients will be implemented.

In addition, the availability of state-of-the-art medical facilities in hospitals and ambulatory surgical centres (ASCs) as well as government laws that stimulate the research and development of innovative monitoring technologies are expected to provide a substantial boost to the market. The presence of several industrial facilities in North America also helps to a growth in the sector's revenue.

Moreover, the Asia-Pacific market expected to experience the greatest (CAGR) over the forecast period. This expansion will be fuelled by causes such as increasing healthcare expenses, the incidence of infectious diseases, the ageing population, and positive contributions from both the public and private sectors to the overall healthcare infrastructure. The expansion of ambulatory surgery centres and the infrastructure of hospitals in the Asia-Pacific region are two extra factors projected to drive the patient monitoring devices market.

Scope Analysis:

Recent Development:

• October, 2020, greenTEG, a medical technology company, received a waiver status to sell its COREmedical under the Emergency Use Authorization (EUA), a policy which limits pre-market requirements for selected low risk devices, which were developed to aid the global battle against the Covid-19 virus. Moreover, COREmedical is for routine medical temperature screenings such as those conducted prior to admission in the hospital and intensive care unit.
• April, 2020, Aranet, a technology company, launched new medical grade thermometer for hospitals globally battling COVID-19.
• In September 2022, Signant Health debuted its cloud-based Temperatures Excursion Management (TEM) solution within its range of clinical supply chain management solutions.
• In 2020, a brand-new non-contact infrared thermometer was unveiled by Xiaomi. The device has a one-second temperature reading time and a 0.2 degree precision.

Market Segmentation

This portion of the study on the Patient Temperature Monitoring Market gives detailed data on the segments at the country and regional level, thereby aiding the strategist in determining the target demographics for the relevant product or service and the impending opportunities.

By 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
  • Mercury Thermometers
  • Digital Thermometers
  • Infrared Thermometers
• Invasive Temperature Monitoring Devices

By Site

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

By Application

• Anesthesia
• Hypothermia
• Blood Transfusion
• Pyrexia/Fever
• Others

By End User

• Hospitals & Clinics
• Nursing Facilities
• Home Care
• Ambulatory Care Centers
• Others

By Companies

• Masimo
• Microlife
• Koninklijke Philips N.V.
• Terumo Corporation
• Microlife Corporation
• 3M
• American Diagnostic Corporation
• Braun (Subsidiary of Procter & Gamble)
• Cardinal Health
• Drägerwerk AG & Co. KGaA
• Hill-Rom Holdings
• Others