PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1752401
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1752401
The global patient temperature monitoring market is projected to reach USD 3.85 billion by 2032 from USD 2.44 billion in 2025, at a CAGR of 6.7% during the forecast period.
Scope of the Report | |
---|---|
Years Considered for the Study | 2024-2032 |
Base Year | 2024 |
Forecast Period | 2024-2032 |
Units Considered | Value (USD billion) |
Segments | Product, Site, Application, End User, and Region |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
The growth of the market can be attributed to the escalating incidence of infectious diseases and chronic conditions that necessitate ongoing monitoring of vital signs. A key factor driving this trend is the heightened emphasis on early detection and proactive management of health issues, particularly among the elderly, for whom temperature is a critical clinical marker. Additionally, the increase in surgical interventions, coupled with rising hospital admissions and a pronounced focus on post-operative recovery, is amplifying the demand for precise and continuous temperature monitoring solutions. However, the market faces challenges due to the limited accuracy and reliability of available technologies, including infrared sensors and traditional mercury thermometers.
"In 2024, the handheld temperature monitoring devices segment accounted for the largest share of the patient temperature monitoring market."
On the basis of products, the patient temperature monitoring market is segmented into wearable continuous monitoring sensors, tabletop temperature monitoring devices, smart temperature monitoring patches, handheld temperature monitoring devices, and invasive temperature monitoring devices. In 2024, the handheld temperature monitoring devices segment dominated the patient temperature monitoring market, primarily due to their extensive application across diverse healthcare environments, such as hospitals, clinics, and home care settings. These devices are preferred for their portability, user-friendly design, rapid readings, and cost-efficiency, solidifying their role as standard instruments for both routine clinical assessments and personal monitoring. Furthermore, the handheld temperature monitoring devices segment is categorized into mercury, digital, and infrared thermometers. Notably, the digital thermometers segment captured the largest share of the market in 2024, driven by advancements in technology and increased accuracy.
"Hospitals segment commanded the largest share of the patient temperature monitoring market in 2024."
On the basis of end users, the patient temperature monitoring market is segmented into hospitals, hospitals, home care settings, ambulatory care centers, and other end users. In 2024, the hospitals segment is projected to hold the largest share of the patient temperature monitoring market. This segment encompasses critical areas such as operating rooms, emergency departments, and intensive care units (ICUs). The substantial market share is primarily driven by the escalating prevalence of diverse diseases and conditions that necessitate hospitalization. As patient volumes rise and the frequency of surgical interventions increases, the demand for sophisticated temperature monitoring systems in hospitals is expected to expand correspondingly during the forecast period. As reported by the American Hospital Association (AHA) in 2022, there are currently 6,093 hospitals in the United States. Furthermore, heightened investments in healthcare infrastructure and the integration of advanced monitoring technologies are anticipated to further propel growth within this segment.
"Europe accounted for the second-largest share of the patient temperature monitoring market, by region, in 2024."
The global patient temperature monitoring market is delineated into five primary regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2024, Europe stands as the second-largest regional market for patient temperature monitoring, driven by key players such as Germany, the UK, and France, which together constitute a substantial share of regional demand. The region has witnessed a marked uptick in the adoption of remote patient monitoring technologies, largely in response to the increasing necessity for efficient, non-invasive temperature assessment methodologies. In particular, Germany is forecasted to command the largest segment of the European patient temperature monitoring market in 2024. According to projections from the UN Population Division, the demographic cohort aged 65 and over in Germany is anticipated to surge by 41%, reaching approximately 24 million by 2050-representing around 30% of the country's overall population. Furthermore, as reported by the Financial Times, over half of Germany's population will be aged 48 and above by 2050, with nearly one-third surpassing the age of 60. This demographic shift is likely to escalate the demand for spinal, orthopedic, and cardiovascular interventions, thereby necessitating advanced continuous patient monitoring solutions, including sophisticated patient temperature monitoring devices.
Note 1: Companies are classified into tiers based on their total revenue. As of 2024, Tier 1 = >USD 10.00 billion, Tier 2 = USD 1.00 billion to USD 10.00 billion, and Tier 3 = <USD 1.00 billion.
Note 2: C-level primaries include CEOs, CFOs, COOs, and VPs.
Note 3: Other designations include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
The major players operating in the patient temperature monitoring market are Koninklijke Philips N.V. (Netherlands), Cardinal Health (US), Baxter (Hill-Rom Holdings, Inc.) (US), Dragerwerk AG & Co. KGaA (Germany), Becton, Dickinson and Company (US), Omron Healthcare, Inc. (Japan), Masimo (US), Helen of Troy (US), Solventum (US), Terumo Corporation (Japan), DONGGUAN ACTHERM MEDICAL CORP.(China), Hicks India (India), Microlife Corporation (Taiwan), Medtronic (Ireland), American Diagnostic Corporation (US), EASYTEM (South Korea), THERMOMEDICS, INC. (US), Cosinuss GmbH (Germany), A&D Company, Limited (US), Paul Hartmann AG (Germany), Geratherm Medical AG (Germany), Exergen (US), OMEGA Engineering Inc. (US), DeltaTrak Inc. (US), Beurer GmbH (Germany), Nureca (India), iHealth Labs Inc. (US), Kinsa INC. (US), and medisana GmbH (Germany).
Research Coverage
This report studies the patient temperature monitoring market based on product, site, application, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends. It forecasts the revenue of the market segments with respect to five major regions (and the respective countries in these regions).
Reasons to Buy the Report
The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them gain a larger market share. Firms purchasing the report could use one or a combination of the strategies mentioned below to strengthen their market presence.