The rising prevalence of severely infectious diseases such as lower respiratory infections, diarrheal diseases, and tuberculosis creates enormous market demand. Additionally, increasing investments made in remote monitoring and sensor technologies accelerate market growth.
The latest patient temperature monitoring market trends, such as the adoption of wearable temperature sensors and remote monitoring technologies, is expected to escalate the market demand on furthered height. According to Market Research Future (MRFR), the already booming global patient temperature monitoring market is estimated to grow at 6.1% CAGR during the forecast period (2017-2023).
Global Patient Temperature Monitoring Market - Regional Analysis
North America dominates the global patient temperature monitoring market. The largest market share attributes to the presence of major market participants and comparatively higher adoption of advanced medical devices in increasing numbers of advanced healthcare centers. Besides, rapid technological advances, excellent reimbursement frameworks, and early uptake of advanced technologies in healthcare increase foster market growth.
The global patient temperature monitoring market is growing rapidly, witnessing huge demand. Moreover, the recent coronavirus epidemic is estimated to bring a heavy rise in market sales. The demand for advanced devices for remote monitoring of patient temperature is hiking due to social distancing norms imposed to control the spread of COVID 19.
Additionally, developments in the large multispecialty hospitals are driving huge market demand. Among the two major European segments, Western Europe is leading the patient temperature monitoring market, while Eastern Europe is the fastest-growing market in the region. The European patient temperature monitoring market is estimated to grow at a considerable CAGR during the assessment period. Growing medical device manufacturing and a large patient population is driving the growth of the Asia Pacific market.