The Global Market for Body Temperature Monitoring Devices is Projected to Reach US$1.2 Billion by 2024
Expanding Self-Care Market Drives Sales of Body
Temperature Monitoring Devices, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market size, share and
demand forecasts on the global Body Temperature Monitoring Devices market. The global market for Body Temperature Monitoring
Devices is projected to reach US$1.2 billion by 2024, driven by the expanding self-care market , launch of
contactless thermometers to control the spread of new and reemerging infectious
diseases and product innovations aimed at the development of more accurate,
easy and quick temperature monitoring devices.
Although thermometers
represent a small segment of the medical equipment market, the device remains
an indispensable part of the physician’s basic armamentarium and home emergency
kits. The significance of measuring body temperature continues to propel the
demand for temperature monitoring devices globally. The market for these
devices is also driven by technological advances along with innovations in the
field of self-care market and increasing adoption of disposable
thermometers. Rising incidents of
several medical conditions that require precise monitoring of the body
temperature to help physicians in making appropriate treatment options continue
to boost thermometer demand. With ageing contributing to loss of immunity
levels, the rise in incidence of various health ailments among the elderly also
provides significant sales opportunities.
Digital thermometers
represent the largest segment in the Body Temperature Monitoring Devices
market. Growth in the market over the years is supported by technological
advancements and replacement of conventional mercury-based thermometers. Infrared
thermometers represent the fastest growing product segment in the worldwide
Body Temperature Monitoring Devices market, on account of increasing popularity
of these devices to control infection and improve patient safety. Broader adoption
of non-contact thermometers in healthcare and home care settings is propelled
by rising incidents of infectious medical conditions and the resulting risk of
spreading these diseases from traditional contact thermometers. Smart thermometers are evolving as an emerging trend in the health
and fitness domain. These thermometers available in wearable patches, are designed
for not only recording body temperature, but also transmitting the recorded
measurements to the users’ smartphones for monitoring their symptoms and to
keep track of body temperature conveniently. This has led companies focus on
user-friendly and ergonomic designs to make the temperature taking process easy
and quick, especially for parents looking after children. With wearable technology making way into the healthcare sector for measuring body temperature,
ingestible devices are also being
explored to monitor patients’ core temperature.
As stated by the new
market research report on Body Temperature Monitoring Devices, the
United States represents the largest market worldwide. Asia-Pacific represents
the fastest growing market with a CAGR of 9.1%
over the analysis period led by factors such as expanding healthcare
infrastructure, rise in number of hospitals and clinics, and the growing demand
for demand for mercury-free thermometers.
Major players in the market
include 3M Co., A&D Medical, Actherm, American Diagnostic Corporation, Briggs
Healthcare, Medtronic, Exergen Corporation, Geratherm Medical AG, Hicks
Thermometers (India) Limited, Kaz Incorporated, Omron Healthcare Inc., Welch
Allyn Inc. and Terumo Corporation, among others.
The research report titled
“Body Temperature Monitoring Devices: A Global
Strategic Business Report” announced
by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers,
acquisitions and other strategic industry activities. The report provides
market estimates and projections for all major geographic markets such as the
US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest
of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America
(Brazil and Rest of Latin America) and Rest of World. Product markets analyzed
include Digital Thermometers, Infrared Thermometers, Glass (Mercury
Thermometers), Electronic Temperature Monitors and Temperature Strips.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
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