In 2021, the patient temperature monitoring market contributed $3,294.8 million in revenue, and by 2030, it is projected to capture $6,039.3 million, advancing at a rate of 7% in the near future, attributed to non-traumatic, non-invasive, and hygienic devices, along with an accurate interpretation of the temperature. Moreover, handheld temperature monitoring devices capture a significant share of the market, accounting for 27%, ascribed to increased patient convenience.
Moreover, in the U.S., around 6 in every 10 people suffered from at least one chronic condition in 2020, and among every 10 people, 4 showed two or more chronic conditions. In such circumstances, temperature monitoring becomes crucial for the early diagnosis of the disease. The relevance between the temperature fluctuation and illness incidences is expected to cause a surge in the demand for patient temperature monitoring systems.
The non-invasive temperature monitoring captures a significant revenue share of the sales of temperature monitoring equipment, amounting to $1,892.9 million worth of sales, rising at a rate of 7.3% in the near future. Factors such as pleasant user experience, easily accessible devices, and accurate temperature recording expand the non-invasive temperature monitoring revenue share.
Under the application segment, pyrexia or fever drives the highest sales of patient temperature monitoring equipment, accounting for a 30.1% share. The rise in the geriatric population, along with the growing incidences of trauma and haemolysis cases boosts the patient temperature monitoring industry. In addition, the common symptoms of fever are fatigue, dehydration, and increased pain sensitivity, and the rise in incidences of such diseases leads to the prevalence of fever, and therefore, it is expected to proliferate the demand for patient temperature monitoring systems.
Therefore, the prevalence of chronic and infectious diseases with major symptom as high body temperature propels the patient temperature monitoring industry.
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