Patient Temperature Monitoring Market - Trends Forecast Till 2028
Patient Temperature Monitoring Market By Product (Handheld Temperature Monitoring Devices, Smart Temperature Monitoring Patches, Wearable Continuous Monitoring Sensors, Table-Top Temperature Monitoring Devices, Invasive Temperature Monitoring Devices), Site (Non-Invasive Temperature Monitoring, Invasive Temperature Monitoring), Connection (Wireless, Wired), Application (Pyrexia/Fever, Blood Transfusion, Hypothermia, Anesthesia, Other Applications), End Users (Hospitals, Home Care, Nursing Facilities, Ambulatory Care Centers, Other End-Users), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Published Date: May, 2020
Base Year Estimate: 2019
Report ID: D-HC-PTMM-05
Number of Pages: 337
Patient Temperature Monitoring Market – Trends Forecast Till 2028
Global patient temperature monitoring market is anticipated to reach USD 2.9 billion by 2020 growing at a CAGR of 4.9% during the forecasting period, 2020-2028. Many advancements and improvement in terms of device functionalities have been observed and the manufacturers are focused in improving products so as to meet the present and upcoming need of end-users. Factors such as rising prevalence rate of infectious diseases, increasing demand for accuracy and non-invasive temperature monitoring are likely to accelerate the market in the near future.
Global patient temperature monitoring market is segmented into product, site, connection, application, end user and geography.
Product segment is segmented into handheld temperature monitoring devices, smart temperature monitoring patches, wearable continuous monitoring sensors, table-top temperature monitoring devices, and invasive temperature monitoring devices. Table-top temperature is further segmented into continuous core body temperature monitoring devices and non-invasive vital signs monitoring devices.
On the basis of product, handheld temperature monitoring devices segment is expected to dominate the market for patient temperature monitoring market during the forecast period 2020-2028
Site segment is segmented into non-invasive temperature monitoring and invasive temperature monitoring
Connection segment is segmented into wireless and wired
Application segment is segmented into pyrexia/fever, blood transfusion, hypothermia, anesthesia and other applications
End Users segment is segmented into hospitals, home care, nursing facilities, ambulatory care centers and other end-users
Geographically, global patient temperature monitoring market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
North America region is the largest contributor to the patient temperature monitoring market in the forecast period 2020-2028 and Asia-Pacific region is expected grow with the highest CAGR during the forecast period 2020-2028.
Key players in global patient temperature monitoring market are 3M, Cardinal Health, American Diagnostic Corporation, Hill-Rom Holdings, Masimo, Microlife, Terumo Corporation, Stanley Healthcare among others.
The companies have come up with various promotional activities in from of launch, investment, acquisition and other, for instance:
- In 2018, Masimo and Thermomedics, a Positive ID company, launched new contactless, Bluetooth-enabled thermometer in the US market.
In addition to the market data for patient temperature monitoring market, Delvens. offers client-centric report and customized according to the company’s specific demand and requirement.
This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conference like Jefferies conference)—to identify and collect information useful for this study of the Patient temperature monitoring market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global patient temperature monitoring market. Through secondary the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.
The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the patient temperature monitoring market.
Primary Respondent breakdown is provided below:
Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the patient temperature monitoring market. This approach has also been used to derive the market for segmentation and sub-segmentation.
Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Industry/Strategic Consultants