Patient Temperature Monitoring Market outlook

The patient Temperature Monitoring Market is the market of products like Thermometers, handheld temperature monitoring devices, etc., used to measure Body temperature. The rise in the temperature of the body, which is frequently seen as a sign of a viral infection or many other serious health conditions, is an essential component in the diagnosis of an illness. The patient temperature monitoring market is being driven by two factors: an increase in the prevalence of infectious and chronic diseases and an increase in public awareness of the value of temperature monitoring. It is also anticipated that market expansion will be fueled by an increase in technological and distribution collaborations in the coming years.

Current Market Scenario

Presently overall world population is growing at 1.03% per year. Growing population leads to the growth of population density in an area. High population density encourages the spread of Infectious diseases like COVID-19, SAARS covid, Tuberculosis, Malaria, Dengue, HIV, and also other infectious viruses in the world are expected to grow more. Considering all the factors this market is expected to grow at a CAGR of 6.4% during the forecast period 2023-2030. The current patient temperature Monitoring Market is $3.6 billion in 2022 and it is expected to be USD 5.9 billion by 2030. Due to the Covid-19 outbreak, Handheld temperature monitoring products are going to largest segment (35.50%) then tabletop temperature monitoring devices are going to be the second largest segment (21.2%).

Geographical largest/growing markets

The patient temperature monitoring market is majorly segmented into five regions. Those regions are North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. North America region was the largest market in 2022. As a large number of surgical processes, blood donation, and transfusion are performed in North America.

Companies in the market for patient temperature monitoring would have a lot of room for growth in emerging markets like India, Brazil, China, and Mexico.

Market Segments

Depending on the kind of product, the market is divided into analog and digital temperature monitoring devices. Currently, digital temperature monitoring devices are in lead. It is anticipated that analog temperature monitoring devices will expand more slowly than digital ones as people's preference for digital systems shifts. Additionally, a higher compound annual growth rate (CAGR) is anticipated for the digital thermometer during the projection period.

Patient temperature monitoring devices are categorized into the following segments:

• Handheld Temperature Monitoring Devices

Handheld infrared thermometers use electromagnetic radiation to take non-contact temperature readings of surfaces. Numerous industries and settings make extensive use of infrared thermometers, also known as pyrometers. These products have a market share of 35.5% and Major players in this segment are Philips Healthcare, Medtronic, GE Healthcare, Abbott Laboratories, 3M, Nihon Kohden, Omron Healthcare, Siemens Healthcare, Honeywell International Inc, and Infinium Medical.

• Table-top Temperature Monitoring Devices

These segments' products are majorly used in determining room temperature. These products have 2^nd largest market share of 21.2%.

• Wearable Continuous Monitoring Sensors

To make users feel more at ease, galvanic skin response sensors are being used more and more as wearable sensors and health monitoring devices, which is driving the market's expansion. The demand for smart consumer wearables for continuous monitoring is rising in tandem with the growing geriatric population with health issues, which is positively influencing the growth of the galvanic skin response sensor market. It is the 3^rd largest segment by market share. The top 4 manufacturers in this segment are Maxim Integrated Products Inc, Mindfield Biosystems Ltd, Shimmer Research Ltd, and Brain Support Corporation.

• Invasive Temperature Monitoring Devices

A temperature-sensitive sensor that is integrated into the process, typically a Pt100 element, is used for the most common type of temperature measurement. Because they enter the process media, their use is referred to as "invasive measurement." These devices are majorly used in Process Industries like Pharmaceutical and Biotech.

• Smart Temperature Monitoring Devices

Smart temperature monitoring systems can be utilized to optimize air conditioning and heating units in any building, including factories, offices, public buildings, and factories.

It has the least market share.

Conclusion

The Patient Temperature Monitoring Market is the market of products like Thermometers, handheld temperature monitoring devices, etc., used to measure Body temperature. The rise in the temperature of the body, which is frequently seen as a sign of a viral infection or many other serious health conditions, is an essential component in the diagnosis of an illness. The market is driven by two factors: an increase in infectious and chronic diseases and also an increase in public awareness of the value of temperature monitoring.

Due to steady growth in the world population and infectious diseases like SAAR covid, tuberculosis, HIV, etc., the patient Temperature monitoring market is supposed to grow at a CAGR of 6.4% during the forecast period 2023-2030 and it is expected to be $5.9 billion by 2030. North America region was the largest market in 2022. Companies in the market for patient temperature monitoring would have a lot of room for growth in emerging markets like India, Brazil, China, and Mexico. The market is divided into analog and digital temperature monitoring devices. Currently, digital temperature monitoring devices are in lead. Patient temperature monitoring devices are categorized as Handheld Temperature Monitoring Devices, Table-top Temperature Monitoring Devices, Wearable Continuous Monitoring Sensors, Invasive Temperature Monitoring Devices, and Smart Temperature Monitoring Devices.