Global Patient Temperature Monitoring Patches Market

Global Patient Temperature Monitoring Patches Market Size, Trends & Analysis - Forecasts to 2026 By Component (Temperature Monitoring Patch and Bluetooth Connected Mobile App), By Usability (Reusable and Disposable), By Application (Disease/ Infection Diagnosis, Continuous Temperature Monitoring, and Fitness & Wellness), By End-User (Home Healthcare, Hospital & Clinics, Ambulatory Care Centers and Research Centers), By Region (Europe, North America, MEA, Asia Pacific, and CSA); Vendor Landscape, Company Market Share Analysis, End-User Landscape, and Competitor Analysis

Category Healthcare
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Patient Temperature Monitoring Patches Market Insights

With a CAGR value of 10.5%, the market for temperature monitoring patches will foresee an aggressive rise from 2020 to 2026. The temperature screen patches are lightweight, adaptable, and easy to understand and fixes offer comfort to patients. The major reason being the hard-hit of COVID-19, across the globe, and the rising need for monitoring the temperature of both infected and healthy patients timely. Patient temperature measuring patches are an adhesive type of bandages that help to monitor the body temperature by sending data to the connected app or software in mobile phones. Such patches are most preferably used for prolonged monitoring or continuous monitoring of temperature especially in the ICU and hospital setting. Due to the products non-invasiveness, the market has gained immense attention from the emerging and established players involved in wearable medical devices, connected medical devices, and IoT based medical devices. It has also shifted the focus of patients and doctors to opt for 24 hours or continuous and personalized monitoring of temperature along with other vital signs. This market is a classic example of parent market replacement, i.e. it has begun its journey towards replacing the traditional digital thermometer. However, a contactless thermometer may pose a restrain to the market’s growth owing to the multi-use purpose.

The market drivers from 2020-2026 for temperature monitoring patches are rising preference for early disease or infection diagnosis due to COVID-19 impact, increasing trend of the 24-hour monitoring system of temperature in the sports and fitness industry, and rising demand for remote patient monitoring.

Patient Temperature Monitoring Patches Market

Patient Temperature Monitoring Patches Market: By Component

Temperature monitoring patch and Bluetooth connected mobile app are the products under the temperature monitoring patches market. The patches market will be the largest share-holder from 2020 to 2026 owing to an increasing preference for early diagnosis of infection and rising prevalence of COVID-19 infection across the globe. Moreover, the disposable nature of the product will accelerate the demand for the patches market.

Patient Temperature Monitoring Patches Market: By Usability

Based on the usability, the market can be segmented into reusable and disposable patches. The reusable temperature monitoring patches will be growing faster than the disposable patches owing to product usability extended to more than 12 hours.

Patient Temperature Monitoring Patches Market: By Application

The major reason for the patches to enter the industry was to constantly monitor the body temperature of sports, athletic, and fitness celebrities. However, owing to product affordability, portability, continuous monitoring management, and availability the market has successfully made its place in the healthcare industry. Hence the segment is divided into disease/ infection diagnosis, continuous temperature monitoring, and fitness & wellness. The market for disease/ infection diagnosis will be growing fastest due to COVID-19 impact and high prevalence of common cold and influenza across major parts of the world.

Patient Temperature Monitoring Patches Market: By End-User

As per the customer base analysis, the market can be seen to be serving two major segments, home healthcare, hospitals & clinics, ambulatory care centers, and research centers. However, home healthcare will be the largest market share holder owing to the nature of the product and raising awareness for temperature monitoring.

Patient Temperature Monitoring Patches Market

Patient Temperature Monitoring Patches Market: By Region

As per the geographical investigation, the North American market is ought to be dominating during the forecast period of 2020 to 2026. Considering the rising awareness and presence of major players in the region, the NA market will be in the lead. However, considering the rising patient population of the Asia Pacific region, and the high prevalence of influenza infection, pneumonia, and other respiratory syndrome, and the hard-hit of COVID-19, the market is heavily driven for the Asian region.

Patient Temperature Monitoring Patches Market Share And Competitor Analysis

VivaLNK, GreenTEG, Reckitt Benckiser, Blue Spark Technologies, Inc., VitalConnect, Isansys, Lifecare, IWEECARE, Identiv, Inc., Medisana, Microlife, Equivital/ Hidalgo, Helyxon, Frida, Spot See, Enfasmart, Vitalerter LTD., FEVERSMART, SteadySense GmbH, GENTAG, Inc., Shanghai Huayuan Electronic Co., Ltd are the prime players in this market

Please note: This is not an exhaustive list of companies profiled in the report.

In May 2019, Identiv, Inc. announced the status of the development of Body Temperature Measurement Patch. This has helped the company launch themselves in the market and initiate visibility in the industry.

In November 2018, Temp Traq announced that it got the CE mark for the Blue Spark wearable temperature monitoring patch.

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The Global Patient Temperature Monitoring Patches Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Patient Temperature Monitoring Patches Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Patient Temperature Monitoring Patches Market.

Patient Temperature Monitoring Patches Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Patient Temperature Monitoring Patches Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Patient Temperature Monitoring Patches Market

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