Temperature Monitoring System Market to Expand at a CAGR of 8.5% over 2025 to 2032; Rising Launch of Cutting-Edge Solutions to Propel Industry Expansion

The global temperature monitoring system market size was USD 1.54 billion in 2024. The market is projected to grow from USD 1.66 billion in 2025 to USD 2.93 billion by 2032 at a CAGR of 8.5% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Temperature Monitoring System Market Size, Share & Industry Analysis, By Product (Analog Temperature Monitoring Devices and Digital Temperature Monitoring Devices), By Type (Contact and Non-Contact), By End-user (Healthcare Facilities, Home Care Settings, and Others), and Regional Forecast, 2025-2032”.

The temperature monitoring system industry has witnessed a revolution driven by the integration of cloud platforms, digitalization, and artificial intelligence technologies in monitoring devices. The increased adoption of remote monitoring devices is set to create lucrative opportunities for market players, pushing industry growth.

The COVID-19 pandemic period witnessed an escalated product demand for the time-to-time management of patient temperature, positively influencing the industry expansion during the health crisis.

Masimo Received the Clearance of the U.S. FDA for Stork to Strengthen its Industry Position

In December 2023, Masimo announced that Stork secured the clearance of the U.S. FDA. The solution is a revolutionary baby monitoring system for prescription use with sick and healthy babies in the age group of 0-18 months. As claimed by the company, the solution offers accurate and continuous monitoring of a baby’s health.  

Stork deploys the same sensor technology offered by Masimo that monitors over 10 million babies every year in hospitals. The SET or Signal Extraction Technology has helped clinicians decrease the incidence of neonatal blindness from premature retinopathy. It has resulted in significant enhancements in screening newborns for critical congenital heart disease. 

Rise in Industry Value Due to Growing Launch of Cutting-edge Products

As the demand for thermometers has recorded a ramp-up, manufacturers are placing a greater emphasis on the launch of products integrated with novel features and advanced technologies. The adoption of such devices is rising owing to various advantages such as continuous monitoring, ease of usage, and reduced response time. In May 2020, ZOOK, a French company announced the launching of contactless thermometer with the scenario of COVID-19 pandemic. These factors are slated to drive temperature monitoring system market growth over the coming years.

However, concerns associated with mercury poisoning from mercury-based devices could hamper industry expansion. The silver ball present in the thermometer can be prove itself to be toxic for humans, in case the glass breaks or is not cleaned properly.

Companies Focus on the Launch of Non-Contact Devices to Strengthen their Market Presence

The competitive landscape of the market is characterized by the presence of manufacturers with a robust product portfolio. Several temperature monitoring system companies are keen to develop and launch non-contact thermometers, which has increased the number of brands in the market. These steps are being deployed to strengthen their positions in the global market.

Key Players Profiled in the Report

• Koninklijke Philips N.V. (Netherlands)
• Masimo (U.S.)
• Omron Healthcare (Japan)
• Geratherm (Germany)
• Braun Healthcare (Germany)
• A&D Company Ltd. (Japan)
• Toshiba Inc. (Japan)
• 3M (U.S.)
• Exergen Corporation (U.S.)   

Key Industry Development

• September 2023 – Metropolitan Wireless International announced the launch of temperature monitoring wireless sensors in India.

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Further Report Findings

• North America registers a major market share. The regional market size hit USD 0.70 billion in 2024. The presence of prominent industry players and the rising incidences of infectious diseases are key factors driving regional dominance. The U.S. recorded 3.8 million confirmed COVID-19 cases in July 2020, as per the CDC (Centers for Disease Control and Prevention).
• The Asia Pacific temperature monitoring system market share is anticipated to have highest growth driven by surging awareness regarding temperature management. In addition, the region has recorded an increasing inclination of industry players toward the rollout of advanced devices.
• On the basis of product, digital temperature monitoring devices segment accounted for a prominent share in 2024. This can be credited to the escalated product sales during the COVID-19 pandemic for the reduction of infections.
• On the basis of type, in 2024, the non-contact segment accounted for major market share driven by the emphasis of industry players on product development through collaborations.
• Based on end-user, healthcare facilities segment is slated to expand at a remarkable rate over the forecast period due to escalating number of hospital visits.

Table of Segmentation