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Global Patient Temperature Monitoring Market Impact of COVID-19 Outbreak on Business Opportunities and Future Scope till 2026 |Drgerwerk AG & Co. KGaA, Terumo Medical Corporation, Masimo, Microlife Corporation

GLOBALPATIENT TEMPERATURE MONITORING MARKET IS EXPECTED TO RISE FROM ITS INITIAL ESTIMATED VALUE OF USD 2.55 BILLION IN 2018 TO AN ESTIMATED VALUE OF USD 3.74 BILLION BY 2026 REGISTERING A CAGR OF 4.9% IN THE FORECAST PERIOD OF 2019-2026. THIS RISE IN THE MARKET CAN BE ATTRIBUTED TO THE INCREASING NUMBER OF INFECTIOUS DISEASES AND RISING PEDIATRIC AND GERIATRIC POPULATION OVER THE WORLD.

The patient temperature monitoring report encompasses thorough analysis of market with respect to several factors about healthcare industry that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. The report presents you with the CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. For market segmentation study, a market of potential customers is divided into groups or segments based on different characteristics such as end user and geographical region. This patient temperature monitoring market report brings to you precise and exact market research information that drives your business into the right direction.

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Few of the major market competitors currently working in the patient temperature monitoring market are Cardinal Health, Koninklijke Philips N.V., Hill-Rom Services Inc., Drgerwerk AG & Co. KGaA, Terumo Medical Corporation, Masimo, Microlife Corporation, Procter & Gamble, Actherm Inc., American Diagnostic Corporation, Briggs Healthcare, HICKS, Medtronic, Sanomedics International Holdings Inc., Welch Allyn, Medium Healthcare, Cosinuss GmbH, Helen of Troy, Omron Healthcare, Inc., and BD.

Geographical Analysis:

This report likewise covers each and every area and nation of the world, which demonstrates a geographical improvement status, including business sector size, volume, and value etc. This comprehensive analysis based on regions will help the readers to know in which area the demand of the product is high and this will eventually help them strategize the moves to attract more consumers.

The main regions covered here are North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

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Segmentation: Global Patient Temperature Monitoring Market

By Product

(Wearable Continuous Temperature Sensors, Smart Temperature Monitoring Patches, Table-top Temperature Monitoring Devices, Handheld Temperature Monitoring Devices, Invasive Temperature Monitoring Devices),

Site

(Non-invasive Temperature Monitoring, Invasive Temperature Monitoring),

Application

(Pyrexia/Fever, Hypothermia, Blood Transfusion, Anesthesia, Other),

End User

(Hospital and Surgical Centers, Nursing Facilities, Home care, Ambulatory Care Centers, Other),

Geography

(North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Market Drivers

  • Rising number of various surgical procedures has increased the demand for these devices
  • Constant innovations and technological developments in the industry will act as a major market driver

Market Restraints

  • High cost of developed temperature monitoring devices is acting as a major restraint for the market
  • Low awareness regarding these devices in developing nations act as a major factor hampering the market growth

Key Developments in the Market:

In March, 2018, Medtronicand Lehigh Valley Health Network signed a partnership agreement to deliver different value-based healthcare programs. This will help in improving the patient outcome and minimizing the cost
In June, 2018, Clayton, Dubilier & Rice and Cardinal Health announced their partnership for accelerating the growth of naviHealth. This will enhance the growth of the company. This will also assist in building good customer relation by providing information related to health systems.

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