According to a new market research study on “Patient Temperature Monitoring Market to 2027 – Global Analysis and Forecasts by Product, Site, and Application,” the global patient temperature monitoring market is expected to reach US$ 4,386.01 Mn by 2027 from US$ 2,946.47 Mn in 2019; it is estimated to grow at a CAGR of 5.2% during 2020–2027. The report provides trends prevailing in the global patient temperature monitoring market and the factors driving the market growth along with those restraining it.
3M, American Diagnostic Corporation, Cardinal Health Inc., Drägerwerk AG & Co. KGaA, Oura, Ava Science Inc, Tempdrop LLC., Braun GmbH (P&G Brand), Biofourmis Inc., Fertility Focus Limited, Fairhaven Health, LLC, VivoSensMedical GmbH, Valley Electronics AG, Cycle Technologies, and Natural Cycles Nordic AB are among the leading companies operating in the patient temperature monitoring market.
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Healthcare systems worldwide are observing massive growth in the prevalence of infectious diseases. Additionally, the prevalence of chronic conditions such as cancer, diabetes, and cardiovascular conditions is rising globally. Such extensively increasing prevalence of infectious and chronic conditions is projected to drive the adoption of patient temperature monitoring systems in the coming years.
According to the Centers for Disease Control and Prevention (CDC), almost 6 in 10 people in the US suffered from at least one chronic disease and 4 in 10 people had two or more chronic diseases in 2019. Measuring body temperature plays an important role in assessing the body condition. Moreover, temperature variation is a prominent factor in disease diagnosis. This association between body temperature variation and disease occurrence is leading to the gain of greater acceptance toward patient temperature monitoring systems.
The global patient temperature monitoring market, based on product, is segmented into wearable continuous monitoring sensors, smart temperature monitoring patches, table-top temperature monitoring devices, handheld temperature monitoring devices, and invasive temperature monitoring devices. The market for table-top temperature monitoring devices is further segmented into noninvasive vital signs monitoring devices and continuous core body temperature monitoring devices.
Further, the market for handheld temperature monitoring devices is subsegmented into digital thermometers, infrared thermometers, and mercury thermometers. In 2019, the handheld temperature monitoring devices accounted for the largest share of the global patient temperature monitoring market. Increasing adoption of handheld thermometers due to better ergonomics and sufficient product availability worldwide are driving the growth of the market for this segment. Further, the market for handheld temperature monitoring devices is expected to grow at the fastest CAGR during the forecast period.
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