“Patient Temperature Monitoring Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on patient temperature monitoring market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for patient temperature monitoring? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The patient temperature monitoring market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Contact-based Temperature Monitoring Systems; Non-Contact-based Temperature Monitoring System
- 2) By Site: Non Invasive Temperature Monitoring; Invasive Temperature Monitoring
- 3) By Application: Pyrexia/Fever; Hypothermia; Blood Transfusion; Anesthesia; Other Applications
- 4) By End User: Hospital and Surgical Centers; Nursing Facilities; Ambulatory Care Centers; Home Care; Other End Users
- Companies Mentioned: Cardinal Health Inc.; 3M Company; Koninklijke Philips N.V.; Dragerwerk AG & Co; Microlife Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the patient temperature monitoring market are: Cardinal Health Inc., 3M Company, Koninklijke Philips N.V., Dragerwerk AG & Co, Microlife Corporation, Becton Dickinson and Company, Omron Healthcare Inc., Masimo Corporation, Braun GmbH, Terumo Corporation, Paul Hartmann AG, Beurer GmbH, Easytem Co. Ltd., Omega Engineering Instrumentation Company, iHealth Lab Inc., DeltaTrak Inc., Exergen Corporation, Medisana GmbH, Geratherm Medical Ag, Nureca Healthcare Private Limited, A&D Medical Blood Pressure Monitor, Actherm Inc., Cosinuss GmbH, Vandelay (SFT Technologies India Pvt Ltd), and Kinsa Inc.
The global patient temperature monitoring market is expected to grow from $4.26 billion in 2022 to $4.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The patient temperature monitoring market is expected to grow to $6.28 billion in 2027 at CAGR of 8.0%.
The patient temperature monitoring market consists of revenues earned by entities providing data storage, thermal management, tracker, health management. The market value includes the value of related goods sold by the service provider or included within the service offering. The patient temperature monitoring market also includes sales of sensors, thermocouples, thermistors which are used in providing patient temperature monitoring services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A patient temperature monitoring refers to a type of portable measurement equipment device and services which autonomously records the temperature for a particular period of time. These monitors help in measuring a patient's temperature during postoperative care, surgery, critical care, shock, sepsis and infections, treatment of hypothermia and hyperthermia, fertility and ovulation assessment, or in other cases where there is a need to continuously monitor the body temperature. The patient temperature monitoring are used to measure and record temperature for a particular period of time.
North America was the largest region in the patient temperature monitoring market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient temperature monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of patient temperature monitoring are contact-based temperature monitoring systems and non-contact-based temperature monitoring systems. Contact-based temperature monitoring systems are used to measure and record temperature over a specific time period. Contact temperature sensors are temperature sensors that are required to be in physical contact with the object being sensed and use conduction to monitor changes in temperature. They can be used to detect solids, liquids, or gases over a wide range of temperatures. The different site's include non-invasive temperature monitoring and invasive temperature monitoring. It is used in pyrexia/fever, hypothermia, blood transfusion, anaesthesia, and other applications that are used by hospital and surgical centres, nursing facilities, ambulatory care centres, home care, and other end users.
The rising incidence of diseases is expected to propel the growth of the patient temperature monitoring market going forward. Diseases are disorders caused by organisms such as bacteria, viruses, fungi, or parasites. Some infectious diseases can be passed from person to person and some are transmitted by insects or other animals. The temperature change is a crucial factor in determining the sickness. It is anticipated that the connection between temperature variation and illness occurrence would increase the adoption of monitoring systems. For instance, according to The World Health Organization, Switzerland-based a specialized agency of the United Nations responsible for international public health, in 2022, Noncommunicable diseases (NCDs) are responsible for 41 million deaths worldwide each year, or 71% of all fatalities. Also, every year,17.9 million people die from cardiovascular illnesses, making them a significant contributor to NCD fatalities. Cardiovascular illness was the leading cause of mortality, followed by cancer (9.3 million), respiratory conditions (4.1 million), and diabetes (1.5 million). Therefore, the rising prevalence of diseases will continue to drive the patient temperature monitoring market.
Technological advancements are a key trend gaining popularity in the patient temperature monitoring market. Major companies operating in the patient temperature monitoring market are focused on developing new technological solutions to strengthen their position in the market. For instance, in May 2020, Masimo, a US-based medical technology company, launched the Radius T continuous thermometer, a more convenient way to monitor fever. Unlike spot-check, episodic thermometers, the wearable, wireless Radius T monitors body temperature continuously, seamlessly transmitting data and customizable temperature notifications to the user's smartphone enabling caregivers, such as parents, to monitor patients' temperatures even while they sleep.
In December 2021, Baxter International Inc., a US-based medical technology company, acquired Hill-Rom Holdings, Inc for a deal amount of $15 billion. This acquisition helps Baxter to enhance in products and services and accelerates the company's vision for transforming healthcare and advancing patient care worldwide. Hill-Rom Holdings, Inc. is a US-based medical technology company that provides patient temperature monitoring systems.
The countries covered in the patient temperature monitoring market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The patient temperature monitoring market research report is one of a series of new reports from The Business Research Company that provides patient temperature monitoring market statistics, including patient temperature monitoring industry global market size, regional shares, competitors with a patient temperature monitoring market share, detailed patient temperature monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the patient temperature monitoring industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Patient Temperature Monitoring Market Characteristics
3. Patient Temperature Monitoring Market Trends And Strategies
4. Patient Temperature Monitoring Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Patient Temperature Monitoring Market
- 4.2. Ukraine-Russia War Impact On Patient Temperature Monitoring Market
- 4.3. Impact Of High Inflation On Patient Temperature Monitoring Market
5. Patient Temperature Monitoring Market Size And Growth
- 5.1. Global Patient Temperature Monitoring Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Patient Temperature Monitoring Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Patient Temperature Monitoring Market Segmentation
- 6.1. Global Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Contact-based Temperature Monitoring Systems
- Non-Contact-based Temperature Monitoring System
- 6.2. Global Patient Temperature Monitoring Market, Segmentation By Site, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Non Invasive Temperature Monitoring
- Invasive Temperature Monitoring
- 6.3. Global Patient Temperature Monitoring Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Pyrexia or Fever
- Hypothermia
- Blood Transfusion
- Anesthesia
- Other Applications
- 6.4. Global Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospital and Surgical Centers
- Nursing Facilities
- Ambulatory Care Centers
- Home Care
- Other End Users
7. Patient Temperature Monitoring Market Regional And Country Analysis
- 7.1. Global Patient Temperature Monitoring Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Patient Temperature Monitoring Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Patient Temperature Monitoring Market
- 8.1. Asia-Pacific Patient Temperature Monitoring Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Patient Temperature Monitoring Market
- 9.1. China Patient Temperature Monitoring Market Overview
- 9.2. China Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Patient Temperature Monitoring Market
- 10.1. India Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Patient Temperature Monitoring Market
- 11.1. Japan Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Patient Temperature Monitoring Market
- 12.1. Australia Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Patient Temperature Monitoring Market
- 13.1. Indonesia Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Patient Temperature Monitoring Market
- 14.1. South Korea Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Patient Temperature Monitoring Market
- 15.1. Western Europe Patient Temperature Monitoring Market Overview
- 15.2. Western Europe Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Patient Temperature Monitoring Market
- 16.1. UK Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Patient Temperature Monitoring Market
- 17.1. Germany Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Patient Temperature Monitoring Market
- 18.4. France Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Patient Temperature Monitoring Market
- 19.1. Eastern Europe Patient Temperature Monitoring Market Overview
- 19.2. Eastern Europe Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Patient Temperature Monitoring Market
- 20.1. Russia Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Patient Temperature Monitoring Market
- 21.1. North America Patient Temperature Monitoring Market Overview
- 21.2. North America Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Patient Temperature Monitoring Market
- 22.1. USA Patient Temperature Monitoring Market Overview
- 22.2. USA Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Patient Temperature Monitoring Market
- 23.1. South America Patient Temperature Monitoring Market Overview
- 23.2. South America Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Patient Temperature Monitoring Market
- 24.1. Brazil Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Patient Temperature Monitoring Market
- 25.1. Middle East Patient Temperature Monitoring Market Overview
- 25.2. Middle East Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Patient Temperature Monitoring Market
- 26.1. Africa Patient Temperature Monitoring Market Overview
- 26.2. Africa Patient Temperature Monitoring Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Patient Temperature Monitoring Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Patient Temperature Monitoring Market Competitive Landscape And Company Profiles
- 27.1. Patient Temperature Monitoring Market Competitive Landscape
- 27.2. Patient Temperature Monitoring Market Company Profiles
- 27.2.1. Cardinal Health Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. 3M Company
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Koninklijke Philips N.V.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Dragerwerk AG & Co
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Microlife Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Patient Temperature Monitoring Market
29. Patient Temperature Monitoring Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer