Rise in manufacturing activities due to outbreak of new virus strains or diseases are likely to foster market growth. Strict regulations and technological advances such as wireless connectivity can augur favorably for the market. Development of wireless monitoring systems for detecting deteriorating conditions of the elderly can induce high demand for the market. Clinical trials conducted on their effectiveness and performance can illustrate their value.
The global patient temperature monitoring market is growing rapidly, witnessing huge demand. Moreover, the recent coronavirus epidemic is estimated to bring a heavy rise in market sales. The demand for advanced devices for remote monitoring of patient temperature is hiking due to social distancing norms imposed to control the spread of COVID 19.
Monitoring vital health parameters, such as blood pressure, temperature, and heart, is crucial in treatments. Non-invasive monitoring devices are attracting a large following due to advantages such as patient comfort, avoiding penetration of the body, low risk of infection, and others. The advancements in sensor technology, such as greater accuracy, are driving a technological disruption of the healthcare monitoring devices industry.
While unleashing its recent patient temperature monitoring market insights, MRFR states that the market size reached USD 3,100 MN in 2017. Rising prevalence of severely infectious diseases such as lower respiratory infections, diarrheal diseases, and tuberculosis creates enormous market demand. Additionally, increasing investments made in remote monitoring and sensor technologies accelerate market growth.
Global Patient Temperature Monitoring Market – Segments
By Product: Wearable Continuous Monitoring Sensors, Smart Temperature Monitoring Patches, and Table-Top Temperature Monitoring Devices (Non-invasive Vital Signs Monitoring Devices, Continuous Core Body Temperature Monitoring Devices, others), Handheld Temperature Monitoring Devices (Mercury Thermometers, Digital Thermometers, Infrared Thermometers, Invasive Temperature Monitoring Devices, and others.
By Site: Non-invasive Temperature Monitoring (Oral, Axillary Temporal Artery Temperature Monitoring, Tympanic Membrane Temperature Monitoring) and Invasive Temperature Monitoring (Esophageal Temperature Monitoring, Nasopharynx Temperature Monitoring, Urinary Bladder Temperature Monitoring, Rectal Temperature Monitoring).
By Application: Anesthesia, Hypothermia, Blood Transfusion, Pyrexia/Fever, and others.
By End User: Hospitals Clinics, Nursing Facilities, Home Care, Ambulatory Care Centers, and others.
By Regions: North America, Europe, Asia Pacific, and the Rest-of-the-World.
Global Patient Temperature Monitoring Market – Competitive Landscape
Patient temperature monitoring device manufacturers also employ a variety of distributions channels. Retail stores have a large power owing to attractive discounting and coupons to boost sales. New product development, state-of-the-art-labs production units, and social media engagement for inbound lead generation are the latest patient temperature monitoring market trends.
Industry/ Innovation/ Related News:
May 14, 2020 —- VivaLNK (the US), a leading provider of connected healthcare solutions, announced that the leading remote patient monitoring platform Current Health had selected its continuous temperature sensor for Current Health’s AI-powered remote patient monitoring (RPM) solution. The device is designed to reduce hospital overcrowding readmissions by allowing patient vitals conditions to be monitored at home.
Also, the solution limits COVID-19 exposure by allowing remote monitoring of patient conditions from home. The Current Health solution monitors multiple vital signs using an AI engine, including temperature, which critical to spotting infections that may require hospitalization.
