PUNE, India, September 13, 2018 /PRNewswire/ --
According to a new market research report "Patient Temperature Monitoring Market by Product (Wearable, Non-invasive, Continuous Core, Digital, Invasive Monitors), Site (Skin, Tympanic, Rectal), Application (Fever, Hypothermia, Anesthesia), End User (Hospitals, Blood Banks) - Global Forecast to 2023", published by MarketsandMarkets™, the global market is projected to reach USD 3.21 billion by 2023 from USD 2.55 billion in 2018, at a CAGR of 4.7% during the forecast period.
For more Insights on this report, Speak to Our Analyst:
The growth of this market is driven by the rising prevalence of infectious diseases, increasing geriatric and pediatric population, increasing number of surgical procedures, growing number of blood transfusion procedures, rising awareness about continuous temperature monitoring, and increasing demand for advanced temperature monitoring devices.
The handheld temperature monitoring devices segment is expected to register the highest growth rate during the forecast period
On the basis of products, the Patient Temperature Monitoring Market is classified into wearable continuous monitoring sensors, smart temperature monitoring patches, table-top temperature monitoring devices, handheld temperature monitoring devices, and invasive temperature monitoring devices. The handheld temperature monitoring devices segment is projected to grow at the highest rate during the forecast period. Factors such as high accuracy, cost-effectiveness, portability, and ease-of-use offered by these devices are driving the growth of this segment.
Browse in-depth TOC on "Patient Temperature Monitoring Market"
116 - Tables
47 - Figures
184 - Pages
Based on end user, the hospitals segment is expected to account for the largest share of the market in 2018
By end user, the Patient Temperature Monitoring Market is segmented into hospitals, nursing facilities, home care, ambulatory care centers, and other end users (old age homes and blood & tissue banks). In 2018, the hospitals segment is expected to account for the largest share of the market. This end-user segment is expected to account for a major share of the market as the majority of patients suffering from various diseases and disorders across the globe generally undergo treatments in hospitals. Also, with the increase in patient population and the subsequent growth in the number of surgical procedures performed across the globe, the demand for temperature monitoring systems is expected to increase further in hospitals during the forecast period.
North America is expected to dominate the Patient Temperature Monitoring Market in 2018
North America is estimated to account for the largest share of the market in 2018. This can be attributed to the large volume of surgical procedures performed across North America, growth in the geriatric population, rise in blood donation and transfusion, growing incidence of viral & infectious diseases coupled with the rising demand for advanced noninvasive temperature monitoring devices, and government funding for healthcare infrastructure.
The major players operating the global Patient Temperature Monitoring Market are 3M (US), Cardinal Health (US) Koninklijke Philips (Netherlands), Hill-Rom Holdings (US), Drägerwerk (Germany), Terumo Corporation (Japan), Masimo Corporation (US), Microlife (Taiwan), Braun GmbH, and American Diagnostic Corporation (US).
Request for PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=53414044
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062