The global patient temperature monitoring market is projected to reach USD 3.21 billion by 2023 from USD 2.55 billion in 2018, at a CAGR of 4.7%.
The rising prevalence of infectious diseases and increasing number of surgical procedures are the major factors driving the growth of the global patient temperature monitoring market.
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In this report, the patient temperature monitoring market has been segmented on the basis of product, site, application, end user, and region.
By product, the global patient temperature monitoring market is segmented into wearable continuous monitoring sensors, smart temperature monitoring patches, table-top temperature monitoring devices (noninvasive vital signs monitoring devices and continuous core body temperature monitoring devices), handheld temperature monitoring devices (mercury thermometers, digital thermometers, and infrared thermometers), and invasive temperature monitoring devices. The handheld temperature monitoring devices segment is projected to grow at the highest CAGR during the forecast period. This can be attributed to high accuracy, cost-effectiveness, portability, and ease-of-use offered by these devices.
By site, the global patient temperature monitoring market is segmented into invasive (esophageal, nasopharynx, urinary bladder, and rectal) and noninvasive (oral, axillary & temporal artery, and tympanic membrane) temperature monitoring. The noninvasive temperature monitoring segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment is due to easy accessible site for temperature monitoring, high accuracy, cost-effectiveness, and high patient comfort.
By application, the global patient temperature monitoring market is segmented into pyrexia/fever, hypothermia, blood transfusion, anesthesia, and other applications (wound and injuries). The pyrexia/fever segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment is due to the growing prevalence of infectious diseases (such as influenza, HIV, malaria, common cold, infectious mononucleosis, and gastroenteritis), growing number of trauma and hemolysis cases, growing preference for non-invasive monitoring, the increasing availability of non-contact thermometers, and rising geriatric population.
On the basis of end users, the global patient temperature monitoring market is segmented into hospitals, nursing facilities, home care, ambulatory care centers, and other end users (old age homes and blood & tissue banks). The hospitals segment is expected to be the fastest-growing segment of the market during the forecast period as the majority of patients suffering from various diseases and disorders across the globe generally undergo treatments in hospitals. Also, with the increase in patient population and subsequent growth in the number of surgical procedures performed across the globe, the demand for temperature monitoring systems is expected to increase further in hospitals during the forecast period.
Based on region, the global patient temperature monitoring market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). The market in Asia Pacific is projected to register the highest CAGR during the forecast period. Growing demand for cosmetic surgeries, increasing pediatric population, increasing prevalence of lifestyle diseases, rising blood donations and transfusion cases, government efforts to increase access to elective surgeries, and improving healthcare infrastructure are driving the growth of the patient temperature monitoring market in the Asia Pacific region.
