According to the World Health Organization (WHO), lower respiratory infections, diarrheal diseases, and tuberculosis are infectious diseases which caused maximum deaths in 2016. Rise in manufacturing activities due to outbreak of new virus strains or diseases are likely to foster market growth. Strict regulations and technological advances such as wireless connectivity can augur favorably for the market.
The global Patient Temperature Monitoring Market is predicted to grow at 6.1% CAGR during the forecast period. It stood at a valuation of USD 3,100 million in 2017. Rising prevalence of infectious diseases, increasing number of surgeries, and the large geriatric population are major factors expected to propel market growth.
temperature monitoring systems for hospitals assists doctors in maintaining the patient’s temperature during and after surgeries. Body temperature is one of the vital signs to ensure safe and effective care of patients. The global Healthcare temperature monitoring Analysis report by Market Research Future (MRFR) comprises trends, opportunities, and challenges for key market players for the period between 2018 to 2023 (forecast period).
Key Players
Drägerwerk AG & Co. KGaA, Masimo, 3M, Cardinal Health, Braun, Terumo Corporation, Microlife, Hill-Rom Holdings, Microlife Corporation, Koninklijke Philips N.V., American Diagnostic Corporation, and others are major players of the global Patient Temperature Monitoring Market Analysis.
Segmentation
The global Patient Temperature Monitoring Market Analysis is segmented by product, site, application, and end-users.
- By Products include handheld temperature monitoring devices, table-top temperature monitoring devices, wearable continuous monitoring sensors, smart temperature monitoring patches, and invasive temperature monitoring devices. Table-top temperature monitoring devices is further bifurcated into continuous core body temperature monitoring devices and non-invasive vital signs monitoring devices.
- By Site, the market is segmented into non-invasive temperature monitoring and invasive temperature monitoring. Non-invasive temperature monitoring is further sub-segmented into tympanic membrane temperature monitoring, oral temperature monitoring, and axillary & temporal artery temperature monitoring, Invasive temperature monitoring is further segmented into esophageal temperature monitoring, nasopharynx temperature monitoring, urinary bladder temperature monitoring, and rectal temperature monitoring.
- By Application, the market is segmented into blood transfusion, anesthesia, pyrexia/fever, hypothermia, and others.
- By End-users include ambulatory care centres, hospitals & clinics, nursing facilities, home care, and others.
Regional Analysis
Based on region, the global Patient Temperature Monitoring Market Analysis is segmented into the Middle East and Africa (MEA), the Americas, Europe, and Asia Pacific (APAC).
The Americas had dominated the global Patient Temperature Monitoring Market Analysis in 2017. It can continue its reign over the forecast period due to inclination towards adoption of advanced medical devices in U.S. and Canada hospitals.
Europe is the second-largest region of the market due to high awareness of diseases. Large number of surgeries conducted in the region owing to reimbursive policies can drive the demand for temperature monitoring devices.
APAC, on the other hand, is projected to showcase the most rapid growth for the global patient temperature monitoring devices. This can be credited to a surge in infectious diseases, a large patient pool, and large healthcare spending witnessed across India, China, and Japan. Lastly, the MEA can witness tepid market demand due to poor healthcare infrastructure across economies of Africa and poor healthcare expenditure plans.
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