The patient temperature monitoring market was valued at US$ 2,946.47 million in 2019 and is expected reach US$ 4,386.01 million in 2027; it is projected to grow at a CAGR of 5.2% from 2020 to 2027.
Patient temperature monitoring involves keeping an eye on temperature variations in patients. Rise in temperature in commonly observed indication during viral infection or many other critical health-related conditions, which makes it an important aspect for disease diagnosis.
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The patient temperature monitoring market is driven by factors such as increasing prevalence of infectious and chronic conditions, and increasing awareness regarding the importance of temperature monitoring. Additionally, rising number of technology and distribution collaborations are also anticipated to drive the market growth in the coming years. However, the high cost of advanced temperature monitoring devices in emerging nations is the factor hampering the growth of the market. The developing healthcare infrastructure and integration of advanced technological platforms in temperature monitoring procedures generate lucrative opportunities to the market players.
Global Patient Temperature Monitoring market report offers in-depth information about the major market players
American Diagnostic Corporation
Cardinal Health Inc.
Drägerwerk AG & Co. KGaA
Ava Science Inc.
Braun GmbH (P&G Brand)
Fertility Focus Limited
Fairhaven Health, LLC
Valley Electronics AG
Natural Cycles Nordic AB
Growing Awareness of Continuous Temperature Monitoring and Preventive Care
Variation in patient body temperature is reaction to disease-specific stimuli. Human body regulates its normal temperature in order to support the body’s own defense mechanisms. Additionally, other clinical indications of temperature monitoring such as hypothermia or hyperthermia, infection existence, and analysis of antimicrobial treatments represents significant importance of continuous temperature monitoring. These benefits are expected to accelerate the adoption of thermometers during the forecast period.
Majority of the population in developed as well as developing countries is undergoing rapid shift from conventional care to preventive care. Healthcare institutions and people across the globe are implementing the concept of preventive care and holistic wellness approach to treat health related conditions. This novel concept of preventive care includes planned doctor visits, immunizations, medications, and screenings.
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