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  • Published On : Oct 2022
  • Code : CMI5291
  • Industry : Biotechnology
  • Pages : 274
  • Formats :

Temperature is one of the vital signs signifying the well-being of a person, for which the medical society recommends monitoring and management, as a part of standard care therapy for patients undergoing surgery due to critical illness. Patient temperature monitoring systems are used in preoperative warming, operating and surgery rooms, post-operating warming, critical care units, intensive care units, chemotherapy, and emergency medical services. There are four types of temperature sensors that are most commonly used in modern-day electronics such as RTDs (resistance temperature detectors), semiconductor based integrated circuits (IC), thermocouples, and thermistors.

Global patient temperature monitoring market is estimated to be valued at US$ 3,711.8 million in 2022 and is expected to exhibit a CAGR of 7.9% during the forecast period (2022-2030).

Figure 1. Global Patient Temperature Monitoring Market Share (%), by Product, 2022

Patient Temperature Monitoring  | Coherent Market Insights

Global Patient Temperature Monitoring Market- Drivers

Increasing patient temperature monitoring product launches by the market players is expected to drive the global patient temperature monitoring market growth over the forecast period. For instance, in November 2020, Celsium, a body temperature monitoring devices company launched smart wearable thermometer, which has a sensor that attaches under the armpit taking temperature readings every four seconds. The thermometer comes with a battery and disposable adhesive patch that attaches to the skin.

Furthermore, in October 2020, greenTEG, a body temperature monitoring devices company, received Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration for COREmedical, as a clinical thermometer.

Increasing collaboration and partnership agreements between key players in the market is expected to drive the growth of the global patient temperature monitoring market. For instance, in October 2018, VivaLNK, a provider of digital healthcare solutions, announced partnership with Reckitt Benckiser (RB), a consumer goods company, to distribute wearable continuous temperature monitors worldwide. The products, Enfasmart FeverSense and Nurofen FeverSmart are both aimed at parents who wish to automatically track temperature changes in their child, in order to take immediate action following detection of fever.

Figure 2. Global Patient Temperature Monitoring Market Share (%), by Region, 2022

Patient Temperature Monitoring  | Coherent Market Insights

Global Patient Temperature Monitoring Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another.

However, the COVID-19 pandemic had a positive impact on the global patient temperature monitoring market, owing to increased demand of the patient temperature monitoring devices and increasing product launches. Remote Patient Monitoring devices offer patients the tools they need to effectively manage their chronic diseases and comprehend the causes of their particular pathologies.

 For instance, in October, 2020, greenTEG, a medical technology company, received a waiver status to sell its COREmedical under the Emergency Use Authorization (EUA), a policy which limits pre-market requirements for selected low risk devices, which were developed to aid the global battle against the Covid-19 virus. Moreover, COREmedical is for routine medical temperature screenings such as those conducted prior to admission in the hospital and intensive care unit. Furthermore, in April, 2020, Aranet, a technology company, launched new medical grade thermometer for hospitals globally battling COVID-19.

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Patient Temperature Monitoring Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 3,711.8 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 7.9% 2030 Value Projection: US$ 6,823.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product: Smart Temperature Monitoring Patches, Table-Top Temperature Monitoring Devices, Wearable Continuous Monitoring Sensors, Handheld Temperature Monitoring Devices (Mercury Thermometers, Digital Thermometer, Infrared Thermometer), Invasive Temperature Monitoring Devices
  • By Site: Noninvasive Temperature Monitoring (Tympanic Membrane Temperature Monitoring, Oral Temperature Monitoring, Axillary and Temporal Artery Temperature Monitoring), Invasive Temperature Monitoring (Rectal Temperature Monitoring, Esophageal Temperature Monitoring, Nasopharynx Temperature Monitoring, Urinary Bladder Temperature Monitoring)
  • By Application: Blood Transfusion, Hypothermia, Anesthesia, Pyrexia/Fever, Others
  • By End User: Hospitals (Emergency Rooms, Intensive Care Units, Operating Rooms), Ambulatory Care Centers, Nursing Facilities, Home Care Settings
Companies covered:

Medtronic, Cardinal Health, 3M, Becton, Dickinson and Company, Geratherm Medical AG, A&D Medical, Braun, Paul Hartmann AG, Nureca, Koninklijke Philips N.V., Masimo, Dongguan Actherm Medical Corp, Microlife Corporation, DeltaTrack Inc., Steadysense Gmbh, IWEECARE Co., Ltd, Recon Health Inc., VivaLNk, Inc., Celsium, and GreenTeg AG

Growth Drivers:
  • Increasing patient temperature monitoring product launches by the market players and approvals
  • Increasing collaboration and partnership agreements between key players
Restraints & Challenges:
  • Increasing product recall

Global Patient Temperature Monitoring Market: Key Developments

On March 28, 2022, Biobeat, a wearable remote monitoring solutions company, announced that its wearable remote patient monitoring device had received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to monitor body temperature.

On March 3, 2022, CIRCA Scientific, Inc., a medical device company, announced that its S-CATH M Esophageal Temperature Probe is now cleared by U.S. Food and Drug for sales in the U.S.

Global Patient Temperature Monitoring Market: Restraint

The major factor that is expected to hinder growth of the global patient temperature monitoring market include increasing product recall. Increasing product recalls by regulatory authorities is expected to hamper growth of the global patient temperature monitoring market over the forecast period. For instance, in April 2022, Exergen Corporation, a manufacturer of infrared scanners, thermometer, and sensors calls on U.S. Food and Drug Administration (FDA) to recall and prevent future sales of non-contact infrared thermometers, whose inaccuracy is danger to the public health.

Moreover, a new U.S. Food and Drug Administration (FDA) published study demonstrate failure of non-contact infrared thermometers (NCITs) to reliably detect fevers when used on adults in accordance with the NCITs instructions, and fail to be within the accuracy specifications as advertised in manufacturers literature, instruction for use, and other labelling is expected to hamper the market growth.

Moreover, in August 2018, Medtronic, a medical device company received notification from the original equipment manufacturer Degania Silicon that they are recalling specific production lots of Mon-a-Therm Foley catheters with temperature sensors due to defective temperature sensors that show lower body temperature measurements than the actual temperature of a patient.

Global Patient Temperature Monitoring Market- Key Players

Major players operating in the global patient temperature monitoring market include Medtronic, Cardinal Health, 3M, Becton, Dickinson and Company, Geratherm Medical AG, A&D Medical, Braun, Paul Hartmann AG, Nureca, Koninklijke Philips N.V., Masimo, Dongguan Actherm Medical Corp, Microlife Corporation, DeltaTrack Inc., Steadysense Gmbh, IWEECARE Co., Ltd, Recon Health Inc., VivaLNk, Inc., Celsium , and GreenTeg AG.

A temperature monitoring system regulates and controls the temperature of a particular environment. A patient temperature monitoring helps in measurement of the body temperature which helps in detection of the patient illness. The patient temperature monitoring is used for several disease indications such as blood transfusion, hypothermia, anesthesia, pyrexia/fever, and surgical procedures. Patient temperature monitoring systems are used to help patients stay normothermic before, during, and after surgery. In the case of patients receiving general or local anesthesia and whose body temperature fluctuates, which could be life-threatening, medical professionals use patient temperature management systems to avoid such circumstances.

Novel product launches and the increasing number of surgeries are increasing the demand for patient temperature management systems, thus driving the growth of the global patient temperature monitoring market. Hypothermia and Hyperthermia can be prevented by aggressive treatment and core body temperature monitoring. The first calibrated thermometer was designed by the astronomer Olaus Roemer which was alcohol based thermometer. The contemporary physicist Daniel Gabriel Fahrenheit improved it by enclosing mercury in glass of thermometer in the year 1714.

Market Dynamics

Increasing approval by the regulatory bodies is expected to drive the global patient temperature monitoring market growth over the forecast period. The U.S Food and Drug Administration is granting approvals to new products and this is expected to fuel the market growth over the forecast period. For instance, on June 21, 2021, Masimo, a global medical technology company got 510(k) clearance from the US FDA to Radius T, a wearable wireless thermometer to measure body temperature continuously and noninvasively for both prescription and over-the-counter (OTC) use in individual 5 years of age and older.

Key features of the study:

  • This report provides in-depth analysis of the global patient temperature monitoring market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global patient temperature monitoring market  based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Medtronic, Cardinal Health, 3M, Becton, Dickinson and Company, Geratherm Medical AG, A&D Medical, Braun, Paul Hartmann AG, Nureca, Koninklijke Philips N.V., Masimo, Dongguan Actherm Medical Corp, Microlife Corporation, DeltaTrack Inc., Steadysense Gmbh, IWEECARE Co., Ltd, Recon Health Inc., VivaLNk, Inc., Celsium  , GreenTeg AG
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global patient temperature monitoring market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global patient temperature monitoring market

Detailed Segmentation:

  • Global Patient Temperature Monitoring Market, By Product:
    • Smart Temperature Monitoring Patches
    • Table-Top Temperature Monitoring Devices
    • Wearable Continuous Monitoring Sensors
    • Handheld Temperature Monitoring Devices
      • Mercury Thermometers
      • Digital Thermometer
      • Infrared Thermometer
    • Invasive Temperature Monitoring Devices
  • Global Patient Temperature Monitoring Market, By Site:
    • Noninvasive Temperature Monitoring
      • Tympanic Membrane Temperature Monitoring
      • Oral Temperature Monitoring 
      • Axillary and Temporal Artery Temperature Monitoring
    • Invasive Temperature Monitoring
      • Rectal Temperature Monitoring
      • Esophageal Temperature Monitoring 
      • Nasopharynx Temperature Monitoring
      • Urinary Bladder Temperature Monitoring
  • Global Patient Temperature Monitoring Market, By Application:
    • Blood Transfusion
    • Hypothermia
    • Anesthesia
    • Pyrexia/Fever
    • Others
  • Global Patient Temperature Monitoring Market, By End User:
    • Hospitals
      • Emergency Rooms
      • Intensive Care Units
      • Operating Rooms
    • Ambulatory Care Centers
    • Nursing Facilities
    • Home Care Settings
  • Global Patient Temperature Monitoring Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Medtronic
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Cardinal Health
    • 3M
    • Becton, Dickinson and Company
    • Geratherm Medical AG
    • A&D Medical
    • Braun
    • Paul Hartmann AG
    • Nureca
    • Koninklijke Philips N.V.
    • Masimo, Dongguan Actherm Medical Corp
    • Microlife Corporation
    • DeltaTrack Inc.
    • Steadysense Gmbh
    • IWEECARE Co., Ltd
    • Recon Health Inc.
    • VivaLNk, Inc.,
    • Celsium
    • GreenTeg AG

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global patient temperature monitoring market is estimated to be valued at US$ 3,711.8 million in 2022 and is expected to exhibit a CAGR of 7.9% between 2022 and 2030.
Factors such as increasing patient temperature monitoring product launches by the market players and approvals and increasing collaboration and partnership agreements between key players are expected to drive the market.
Handheld temperature monitoring devices is the leading product segment in the market. 
The major factors hampering growth of the market include increasing product recalls.
Major players operating in the market include Medtronic, Cardinal Health, 3M, Becton, Dickinson and Company, Geratherm Medical AG, A&D Medical, Braun, Paul Hartmann AG, Nureca, Koninklijke Philips N.V., Masimo, Dongguan Actherm Medical Corp, Microlife Corporation, DeltaTrack Inc., Steadysense Gmbh, IWEECARE Co., Ltd, Recon Health Inc., VivaLNk, Inc., Celsium, and GreenTeg AG.

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