The measurement of body temperature can help detect illness. It can also monitor whether or not treatment is working properly. Patients can monitor temperatures orally, rectally, under the arm, in the ear, or on the surface of the skin.
The Patient Temperature Monitoring Market is expected to grow at a rate of ~6.5% by 2026. The growing occurrence of infectious and chronic diseases, increasing awareness regarding continuous temperature monitoring, growing demand for technologically advanced temperature monitoring devices, an increasing number of various surgical procedures, and the rising geriatric and pediatric populations are some of the key elements driving the global patient temperature monitoring market.
Growth Prevalence of Covid-19 Boosts the Patient Temperature Monitoring Devices Market Globally
One common strategy to prevent transmission has been temperature checks, which have enlarged in popularity as a non-invasive measure to quickly screen individuals for elevated body temperature (i.e., fever). Huge infrared fever screening systems or no-contact temperature screening at building entrances and hospital entryways, and wearable devices to continuously monitor individual temperature have all been widely employed to prevent the spread of SARS-CoV-2.
Acceptance of Continuous Temperature Monitoring in Neonatal Care Fuels the Demand
Monitoring the body temperature of a newborn baby is very important. ThermoMonitoring helps in the diagnosis of infection as well as early detection of both cold and heat stress in the newborn. It involves a continuous display of central and peripheral temperature, as well as the air temperature and humidity that surrounds the baby inside the incubator. It allows caregivers to deliver life-sustaining, non-invasive, developmental care to neonates in a nurturing and supportive environment.
Growing Awareness Regarding Non-Invasive Temperature Monitoring Drives the Patient Temperature Monitoring Market
Non-invasive temperature monitoring is finding increased use in the intensive care unit both as a labor-saving tool and as a means to reduce complications associated with invasive techniques. Non-invasive monitoring delivers accurate core temperature monitoring and is fast, safe, durable, and comfortable for the patients.
For instance,
Exrgen Corporation launch its new cost-effective, TAT-2000 Temporal Artery Thermometer which is based on a very innovative infrared technology for accurately measuring temperature
3M developed the 3M™ SpotOn™ system which is a non-invasive, accurate core temperature monitoring system that continuously measures patient temperature
Necessity of Temperature Monitoring Amongst the Elderly Population Propels the Patient Temperature Monitoring Market
The use of constant temperature monitoring in elderly population residents of independent and assisted-living facilities may be an effective intervention for early detection and containment of infectious disease outbreaks, and provide better outcomes for people in those facilities. Elderly people are also more prone to hypothermia than younger individuals.
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Key Constraints/ Challenges: Patient Temperature Monitoring Market
High costs associated with the advanced temperature monitoring devices, rising concerns related to the use of infrared and mercury thermometers, and the risk involved with the usage of rectal temperature monitoring are some of the key factors that are likely to hamper the growth of the market.
North America Holds the Largest Share in the Global Patient Temperature Monitoring Market
North America currently holds a major share in the global patient temperature monitoring market. This can be mainly attributed to the growing prevalence of chronic diseases, the growing adoption of technologically advanced temperature monitoring devices, and the rising number of surgeries in the region.
Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Patient Temperature Monitoring Market
Players operating in this market are adopting organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to garner market share.
For instance,
In June 2022, Exergen Corporation signed a marketing and distribution contract with ECOMED to market the professional series Temporal Artery Thermometers in Australia and New Zealand
In February 2021, Canon Solutions America Inc. announced the launch of welloStationXTM, an automated, FDA-cleared, digital, and no-touch clinical thermometer that serves as a real-time temperature monitoring station
Competitive Landscape Analysis of Patient Temperature Monitoring Market
Some of the key players operating in the patient temperature monitoring market include Cardinal Health, Koninklijke Philips N.V., 3M, Exergen Corporation, and Medisana GmbH, among others.
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