Global Patient Temperature Monitoring Market to Reach US$12.2 Billion by 2030
The global market for Patient Temperature Monitoring estimated at US$6.8 Billion in the year 2024, is expected to reach US$12.2 Billion by 2030, growing at a CAGR of 10.3% over the analysis period 2024-2030. Handheld Temperature Monitoring Devices, one of the segments analyzed in the report, is expected to record a 12.1% CAGR and reach US$8.2 Billion by the end of the analysis period. Growth in the Table Top Temperature Monitoring Devices segment is estimated at 8.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$2.1 Billion While China is Forecast to Grow at 12.3% CAGR
The Patient Temperature Monitoring market in the U.S. is estimated at US$2.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.2% and 8.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.
Global Patient Temperature Monitoring Market - Key Trends & Drivers Summarized
Patient temperature monitoring is a critical aspect of medical care, essential for diagnosing and managing various health conditions. Accurate and continuous monitoring of a patient`s temperature can provide vital information about their health status, helping healthcare professionals detect infections, manage fevers, and monitor responses to treatments. Traditional methods of temperature measurement, such as oral, axillary, and rectal thermometers, are being increasingly complemented by advanced technologies that offer continuous and non-invasive monitoring. These advanced systems use a variety of methods, including infrared sensors, ingestible sensors, and wearable devices, to provide real-time data, which is crucial for the timely detection of clinical deterioration in critical care settings, surgical procedures, and post-operative recovery.
Technological advancements have significantly enhanced patient temperature monitoring capabilities. Modern systems leverage wireless technology, allowing for remote monitoring and reducing the need for frequent manual checks by healthcare staff. Wearable devices, such as patches and wristbands, provide continuous temperature data, which is transmitted to central monitoring systems where it can be tracked and analyzed. These devices often come equipped with alarms and alerts to notify healthcare providers of any significant changes in a patient`s temperature, enabling prompt intervention. Additionally, the integration of temperature monitoring systems with electronic health records (EHRs) ensures that temperature data is seamlessly documented and accessible, facilitating better clinical decision-making. The advent of artificial intelligence and machine learning has further improved the predictive capabilities of these systems, enabling more proactive and personalized patient care.
The growth in the patient temperature monitoring market is driven by several factors. The increasing prevalence of chronic and infectious diseases, which require meticulous monitoring of patient conditions, is a major driver. Technological advancements in medical devices, including the development of non-invasive and continuous monitoring solutions, are making temperature monitoring more efficient and less intrusive. The aging population, with its higher susceptibility to health issues that require close monitoring, is also contributing to market growth. Additionally, the shift towards remote and home healthcare, accelerated by the COVID-19 pandemic, has spurred demand for advanced temperature monitoring systems that enable healthcare providers to track patients` health outside of traditional clinical settings. Moreover, the integration of temperature monitoring with broader health monitoring systems and the adoption of telemedicine are expanding the applications and reach of these technologies. These factors collectively underscore the dynamic and evolving nature of the patient temperature monitoring market.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!
APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook