by The body temperature monitoring market has seen significant growth in recent years. Body temperature monitoring devices help in measuring and monitoring the core body temperature. These devices play a vital role in detecting fevers, which are among the most common symptoms of various illnesses. Popular body temperature monitoring devices include oral thermometers, forehead (temporal) thermometers, armpit (axillary) thermometers, ear thermometers, and infrared thermometers. Body temperature monitoring devices are widely used in homes, hospitals, clinical settings, and other healthcare institutes. This provides patients and healthcare professionals quick access to vital temperature readings without much discomfort.
The Global Body Temperature Monitoring Market is estimated to be valued at US$ 1196.58 Mn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Body Temperature Monitoring market are Kaz USA Inc., Microlife Corporation, Omron Corporation, Cardinal Health, Easywell Biomedicals, Welch Allyn Inc., Hicks Thermometers Limited, and American Diagnostic Corporation, among others.
The growing incidence of fever and temperature-related diseases around the world presents significant growth opportunities for players in the Body Temperature Monitoring Market Demand . Technological advancements leading to the development of more accurate and convenient monitoring devices will further aid market growth over the forecast period.
The rising demand for remote patient monitoring and self-monitoring is expected to drive the global expansion of the body temperature monitoring market. Players are focusing their efforts on emerging countries in Asia Pacific and Latin America which present lucrative prospects.
Market Drivers
The increasing prevalence of fever and infectious diseases globally is a major Body Temperature Monitoring Companies driver. According to the World Health Organization, fever is among the most common presenting symptoms of illness. Temperature monitoring helps enable early detection and timely medical intervention.
Growing healthcare expenditure and improving access to healthcare facilities especially in developing countries is another key factor augmenting the demand for body temperature monitoring devices. Rising awareness about the importance of temperature monitoring for overall health and wellness will further propel the market over the coming years.
PEST Analysis
Political: Regulations regarding data privacy and security will have an impact on this market. Various countries and regions have their own laws regarding collection and sharing of personal health data.
Economic: Changes in disposable income levels will influence spending on healthcare and related products and services like temperature monitoring devices. Economic growth and availability of insurance coverage also impact market growth.
Social: As awareness increases regarding health monitoring and preventive healthcare, demand will rise for home use temperature monitoring devices for convenience. Aging populations also contribute to market growth.
Technological: Advancements in remote monitoring technologies, integration of devices with apps and cloud, and miniaturization of components are expected to drive the market. Adoption of IoT-based solutions is a major trend.
Geographical regions with high market concentration
North America accounts for the largest share of the global body temperature monitoring market in terms of value, due to the high prevalence of fever and infections. Factors such as advanced healthcare infrastructure, favorable reimbursement policies, and presence of key players in the region contribute to its high market share.
Asia Pacific is projected to be the fastest growing regional market. This is attributed to increasing healthcare spending, large patient pools, rising awareness regarding remote health monitoring, and growing sales of consumer devices in countries like India and China.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile
Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.LinkedIn
