Other than SMART software included with drives, I'm not aware of any real-time hard drive monitoring software, but there may be some.
For temperatures, I use HWInfo.
For general health, I rely on SMART, Intel SSD toolbox, and occasionally Checkdisk or the drive manufacturer's own utilities. I usually use HD Tune as a benchmark when I first install a drive.
Frankly, I'm not sure how useful the monitoring tools would be in detecting an impending failure.