The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s patient temperature monitoring market report forecasts the patient temperature monitoring market size to grow to $6.28 Billion by 2027, with a CAGR (compound annual growth rate) of 8%.

Learn More On The Patient Temperature Monitoring Market Report 2023 – https://www.thebusinessresearchcompany.com/report/patient-temperature-monitoring-global-market-report

Patient Temperature Monitoring Market Size Forecast
The global patient temperature monitoring market is expected to grow from $4.26 billion in 2022 to $4.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The patient temperature monitoring market size is expected to grow to $6.28 billion in 2027 at CAGR of 8.0%.

North America held the largest patient temperature monitoring market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Patient Temperature Monitoring Market Driver ­– Rise In The Incidence Of Diseases
For instance, according to The World Health Organization, Switzerland-based a specialized agency of the United Nations responsible for international public health, in 2022, noncommunicable diseases (NCDs) are responsible for 41 million deaths worldwide each year, or 71% of all fatalities. Also, every year, 17.9 million people die from cardiovascular illnesses, making them a significant contributor to NCD fatalities. Cardiovascular illness was the leading cause of mortality, followed by cancer (9.3 million), respiratory conditions (4.1 million), and diabetes (1.5 million). Therefore, the rising prevalence of diseases will continue to drive the patient temperature monitoring market.

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Key Patient Temperature Monitoring Market Trend – Technological Advancement
Major companies operating in the patient temperature monitoring market are focused on developing new technological solutions to strengthen their position in the market. For instance, in May 2020, Masimo, a US-based medical technology company, launched the Radius T continuous thermometer, a more convenient way to monitor fever. Unlike spot-check, episodic thermometers, the wearable, wireless Radius T monitors body temperature continuously, seamlessly transmitting data and customizable temperature notifications to the user’s smartphone, enabling caregivers, such as parents, to monitor patients’ temperatures even while they sleep.

Patient Temperature Monitoring Market Segment
1) By Type: Contact-based Temperature Monitoring Systems, Non-Contact-based Temperature Monitoring System
2) By Site: Non Invasive Temperature Monitoring, Invasive Temperature Monitoring
3) By Application: Pyrexia/Fever, Hypothermia, Blood Transfusion, Anesthesia, Other Applications
4) By End User: Hospital and Surgical Centers, Nursing Facilities, Ambulatory Care Centers, Home Care, Other End Users

Patient Temperature Monitoring Market Major Players and Strategies
Major players in the patient temperature monitoring market are Cardinal Health Inc., 3M Company, Koninklijke Philips N.V., Drägerwerk AG & Co., Microlife Corporation, Becton Dickinson and Company, Omron Healthcare Inc., Masimo Corporation, Braun GmbH, Terumo Corporation, Paul Hartmann AG, Beurer GmbH, Easytem Co., Ltd., Omega Engineering Instrumentation Company, iHealth Lab Inc., DeltaTrak Inc., Exergen Corporation, Medisana GmbH, Geratherm Medical AG, Nureca Healthcare Private Limited, A&D Medical Blood Pressure Monitor, Actherm Inc., Cosinuss GmbH, Vandelay (SFT Technologies India Pvt Ltd), and Kinsa Inc.

In December 2021, Baxter International Inc., a US-based medical technology company, acquired Hill-Rom Holdings, Inc for a deal amount of $15 billion. This acquisition helps Baxter to enhance in products and services and accelerates the company’s vision for transforming healthcare and advancing patient care worldwide. Hill-Rom Holdings, Inc. is a US-based medical technology company that provides patient temperature monitoring systems.

The Patient Temperature Monitoring Global Market Report 2023 covers regional data on patient temperature monitoring market size, patient temperature monitoring market trends and drivers, opportunities, strategies, and patient temperature monitoring market competitor analysis. The countries covered in the patient temperature monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Patient temperature monitoring refers to a type of portable measurement equipment device and services which autonomously records the temperature for a particular period of time. These monitors help in measuring a patient’s temperature during postoperative care, surgery, critical care, shock, sepsis and infections, treatment of hypothermia and hyperthermia, fertility and ovulation assessment, or in other cases where there is a need to continuously monitor the body temperature. Patient temperature monitoring are used to measure and record temperature for a particular period of time.

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