Patient Temperature Monitoring Market Share, Size, Trends, and Industry Analysis Report, By Product; By Site; By End-Use; By Application(Blood Transfusion, Hypothermia, Anesthesia, Pyrexia/Fever, Others); By Region; Segment Forecast, 2022-2030
The global patient temperature monitoring market size is expected to reach USD 5,981.8 million by 2030, according to a new study by Polaris Market Research. The report “Patient Temperature Monitoring Market Share, Size, Trends, and Industry Analysis Report, By Product; By Site; By End-Use; By Application(Blood Transfusion, Hypothermia, Anesthesia, Pyrexia/Fever, Others); By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is anticipated to increase as leading industry players collaborate and enter into partnerships more frequently. For instance, in April 2021, a strategic partnership was planned to deliver an innovative continuous vital sign monitoring solution with the help of Leitwert’s considerable experience in the internet of things (IoT) technology & GreenTech’s CORE, which is becoming more well-known for its top-tier body temperature measurement capabilities. GreenTEG’s wearable for continuously monitoring core body temperature is called CORE. With GreenTech’s proprietary & patented gSKIN sensor technology at its core, non-invasive & precise monitoring.
Furthermore, In August 2022, Medtronic plc announced cooperation with BioIntelliSense To distribute the BioButton wearable for continuous temperature monitoring,to obtain an exclusive U.S. hospital and 30-day post-acute hospital-to-home licensing agreement. Through the cooperation, the Medtronic Patient Monitoring division will be able to give general care patients with access to a medical-grade device that continuously monitors vital signs both during their stay in the hospital and after discharge. Thus, the collaboration among the major players for using their advanced technology in one product is driving the demand for advanced patient temperature monitoring devices propelling the market growth over the forecast period.
Throughout the projection period, these developments are anticipated to fuel the patient temperature monitoring devices such as thermometer demand. For instance, Xiaomi unveiled a brand-new non-contact infrared thermometer in February 2020. The device has a 1-second reading time & 0.2-degree accuracy. In conclusion, the aforementioned factors are fueling market expansion.
Patient Temperature Monitoring Market Report Highlights
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