The key players operating in the Patient Temperature Monitoring Market are patient temperature monitoring market has witnessed significant growth, with an estimated value of USD 3.9 billion in 2021. It is projected to expand further and reach approximately USD 6.8 billion by the year 2030, exhibiting a robust compound annual growth rate (CAGR) of 6.37% during the forecast period from 2022 to 2030. This growth can be attributed to various factors, including advancements in medical technology, increasing prevalence of chronic diseases, and a rising geriatric population worldwide. Among the regions, North America emerged as a key player in the market, contributing USD 1.18 billion in revenue in 2021. This growth in North America can be attributed to the presence of well-established healthcare infrastructure, a high adoption rate of advanced medical devices, and increasing awareness among healthcare professionals regarding the importance of continuous temperature monitoring for patient care. Furthermore, the demand for accurate and non-invasive temperature monitoring solutions is expected to rise, leading to the development of innovative and efficient devices by key market players. Additionally, the ongoing COVID-19 pandemic has further emphasized the significance of continuous patient monitoring, driving the adoption of temperature monitoring devices across healthcare facilities globally. In conclusion, the patient temperature monitoring market is poised for substantial growth in the coming years, fueled by technological advancements, increasing healthcare needs, and expanding market reach across different regions, particularly in North America. , This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future. , Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth. , The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Supplies by segment aggregation, the contribution of the Health Care Supplies in Health Care Equipment & Services and vendor share. , To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns. , Patient Temperature Monitoring Market : Risk Analysis , SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Patient Temperature Monitoring Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Patient Temperature Monitoring Market's supply chain, distribution, and total revenue growth. , Competitive landscaping: , To understand the competitive landscape, we are analyzing key Patient Temperature Monitoring Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Patient Temperature Monitoring Market. , To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces. , SkyQuest's Expertise: , The Patient Temperature Monitoring Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market. , Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement. , KEY MARKET SEGMENTS , By Product , Smart Temperature Monitoring Patches , Table-Top Temperature Monitoring Devices , Non-invasive Vital Sign Monitoring Devices , Continuous Core Body Temperature Monitoring Devices , Wearable Continuous Monitoring Sensors , Handheld Temperature Monitoring Devices , Mercury Thermometers , Digital Thermometer , Infrared Thermometer , Invasive Temperature Monitoring Devices , By Type , Non-invasive Temperature Monitoring , Tympanic Membrane Temperature Monitoring , Oral Temperature Monitoring , Axillary and Temporal Artery Temperature Monitoring , Invasive Temperature Monitoring , Rectal Temperature Monitoring , Esophageal Temperature Monitoring , Nasopharynx Temperature Monitoring , Urinary Bladder Temperature Monitoring , By Application , Blood Transfusion , Hypothermia , Anesthesia , Pyrexia/Fever , Others , By End-User , Hospitals , Emergency Rooms , Intensive Care Units , Operating Rooms , Ambulatory Care Centres , Nursing Facilities , Home Care Settings , By Region , North America , Europe , Asia-Pacific , Latin America , Middle East & Africa , KEY MARKET PLAYERS , Cardinal Health Inc. (US) , 3M (US) , Koninklijke Philips N.V. (Netherlands) , Drägerwerk (Germany) , Hill-Rom Holdings, Inc. (US) , Becton, Dickinson and Company (US) , Omron Healthcare Inc. (Japan) , Masimo Corporation , (US), Braun GmbH (Germany) , Terumo Corporation (Japan) , Paul Hartmann AG , (Germany), Beurer GmbH (Germany) , Microlife (Taiwan) , Omega Engineering (US) , iHealth (US) , Briggs Healthcare (US).
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