| Study Period | 2019 - 2032 |
| 2024 Market Size | USD 4.1 Billion |
| 2025 Market Size | USD 4.4 Billion |
| 2032 Forecast | USD 7.2 Billion |
| Growth Rate (CAGR) | 7.2% |
| Largest Region | North America |
| Fastest Growing Region | Asia-Pacific |
| Nature of the Market | Fragmented |
| Largest End User Category | Hospitals |
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The global patient temperature monitoring market accounts for revenue of USD 4.1 billion in 2024, and the market size will advance at a CAGR of 7.2% during the forecast period, to reach USD 7.2 billion by 2032. This is because these devices are non-invasive, non-traumatic, and hygienic, and provide a simple and accurate interpretation of temperature data.
Recent times have witnessed a multifold rise in the incidence of infections due to the swift industrialization and urbanization, which generates huge amounts of pollution. Other key drivers of infection incidence are the surging geriatric population and, in general, the increasing population, which concurrently increases the chances of the spread of pathogens.
Moreover, the latest technological advancements in the healthcare sector have made patient temperature monitoring easier, non-invasive, quicker, and more precise. Additionally, the growing emphasis on patient safety and comfort is furthering the demand for less-invasive temperature monitoring equipment.
The rising global demand for patient temperature monitoring systems, particularly during the COVID-19 epidemic, has fueled the market expansion. Due to the increasing demand for such devices, several manufacturers have produced digital thermometers for precise and reliable body temperature assessments.
Furthermore, these gadgets feature unique technology to avoid fluctuating readings and reduce mistakes, as well as improved user handling facilities. Such advancements are projected to drive the demand for thermometers throughout the forecast period. For instance, Xiaomi’s recently introduced non-contact infrared thermometer can take a temperature reading in one second and with an accuracy of 0.2 degrees.
Additionally, the integration of smart technologies, such as IoT, connectivity to smartphones, and cloud platforms, enables real-time data evaluation and tracking. This assists healthcare providers in remote patient monitoring and prompting a quick and effective response. Moreover, temperature monitoring devices with artificial intelligence and machine learning have enhanced data accuracy with their self-calibration capabilities and intuitive interfaces.
For example, The STEADYTEMP’s patch sensor is designed for the continuous measurement of the body temperature from the axillary region. The adhesive substance is skin-friendly, allowing accurate, near-real-time measurements within specified intervals without raising the infection risk, through a single-use application.
Further, NFC-compatible devices ensure the safe, contactless transfer of data. The combination of electronic hardware, software, and cloud integration also enables compliance with the strict ISO medical standards.
The rising incidence of communicable diseases, such as neglected tropical diseases, HIV (initial stages) malaria, hepatitis, typhoid, Zika, Ebola, SARS, and waterborne diseases, highlights the critical need for effective patient temperature monitoring systems. As per an article by WHO, in 2022 alone, there were 1.3 million cases of fresh HIV infections worldwide. By the end of 2022, approximately 39 million people were suffering with it. Similarly, an estimated 10.6 million people suffered from tuberculosis in 2022. Additionally, the world reported 249 million cases of malaria in 2022, with many regions in Africa being hotbeds for this infection.
Moreover, as healthcare centers become overcrowded, the incidence of hospital-acquired infections continues to increase. The WHO estimates the annual incidence of antibiotic-resistant HAIs, including VRSA, CAUTIs, CLABSIs, and MRSA, at 136 million cases. Further, the COVID-19 pandemic led to over 704 million diagnoses and more than 7 million deaths worldwide.
Moreover, several non-infectious diseases, primarily inflammatory diseases and cancer-associated neoplastic syndromes, cause fevers. Neoplastic fevers are often characterized by the absence of typical chills and rigors, which makes continuous temperature monitoring even more important for effective prognosis and treatment. According to the American Medical Association, almost 20% of the cases of fever of unknown origin are attributable to cancers.
The lack of training and shortage of medical professionals can hamper the market growth in areas with insufficient healthcare infrastructure. Additionally, healthcare providers can be unreceptive to new and smart technologies owing to their established routines and doubts about the reliability of the latter.
The poor reimbursement policies in developing countries could be an obstacle to the adoption of patient temperature monitoring devices in homecare settings. Moreover, advanced temperature monitoring devices with real-time data transmission, wireless connectivity, and remote monitoring abilities can be expensive and out of reach of the commonfolk. Therefore, some healthcare facilities, especially in developing regions with weak healthcare systems, find it difficult to embrace new technologies, making do with primitive ones.
Additionally, with the rising reliance on smart, connected temperature monitoring devices, issues related to patient data security and privacy arise. Patients and healthcare organizations' use of these devices may be limited by the stringent data privacy policies of developing countries, which developing nations are basing theirs on too.
The non-invasive temperature monitoring category is the highest revenue generator in the market, accounting for USD 2.5 billion in 2024, and it is projected to grow at the higher CAGR during the forecast period. The market is expanding owing to factors like comfortability, accessibility, accuracy, and less complexity in temperature monitoring. They cause no pain and are easily tolerated by children and highly sensitive to discomfort.
Furthermore, the rising need for oral temperature monitoring leads to an increase in demand for oral thermometers. This demand is expected to expedite the market launch of new oral thermometers, providing a considerable potential opportunity for players offering oral thermometers. Moreover, the advantages of axillary and temporal artery temperature monitoring, such as quick measurement, ease, and little invasion, drive the patient temperature monitoring market growth in this category.
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Hospitals are the largest category due to the increase in the occurrence of infectious illnesses, rise in the preference for non-invasive monitoring, and high patient footfall at these places. The high inflow of patients necessitates precise and continuous temperature monitoring equipment both for them and healthy patients, in order to counter HAIs.
Hospitals employ an extensive array of patient temperature monitoring equipment, including invasive devices, handheld thermometers, and patch sensors, for route examinations, surgeries, emergencies, and intensive care.
The complexity of care and regulatory requirements to monitor vital signs necessitate precise and reliable temperature monitoring solutions in hospitals. Now, these places are increasingly deploying digital and wearable technologies for supporting improved patient outcomes, optimizing workflows, and enhancing the overall efficiency of operations.
The continuous monitoring of patients in hospitals can help in the early detection of fever. This way, the spread of nosocomial infections can be better tackled.
Homecare settings have the highest CAGR, of 10%, during the forecast period. The surge in the number of aged individuals and their high susceptibility to infections make home-based care preferable. Homecare settings provide a more-personalized and patient-centric experience, which is why they are preferred by elderly patients and those suffering from high fevers. It also reduces the probability of HAIs, which became a grave concern particularly amidst COVID-19, by limiting hospital visits.
The innovations in telehealth and mobile health technologies further increase the appeal of home-use temperature monitoring devices.
The end users evaluated here are:
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The geographical breakdown of the market is as follows:
The patient temperature monitoring market is fragmented in nature as different regions have varying healthcare compliance requirements and standards. The circulation of an extensive variety of products, such as handheld thermometers, wearable continuous monitoring sensors, smart sensor patches, and invasive temperature monitoring devices, also leads to this fragmentation. This also results in a large number of small, local firms working alongside established providers.
Additionally, product requirements depend on the healthcare environment, thereby varying across from the hospital to the home. Technological innovations have further widened the scope for multiple new players, furthering the diversification and the competition.
In September 2024, Becton, Dickinson and Company announced the acquisition of Edwards Lifesciences' critical care product group, which will be renamed BD Advanced Patient Monitoring. This will enhance BD’s product range with smart monitoring solutions and AI-enabled clinical tools related to closed-loop monitoring, enabling rapid readings and improving patient care through better data sharing capabilities and interoperability.
In August 2024, Cardinal Health Inc. operationalized a new 350,000-square-foot distribution center for its home healthcare products in Greenville, South Carolina.
In May 2023, Koninklijke Philips NV announced virtual care management, a comprehensive portfolio designed for health systems, providers, payers, and employers to engage patients from anywhere.
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