Dublin, May 29, 2024 (GLOBE NEWSWIRE) -- 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/navro3
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