The body temperature monitoring market comprises devices such as thermometers, thermal scanners, temperature monitors, and infrared thermometers that help in measuring human body temperature. These devices find extensive usage in hospitals, clinics, homes, and workplaces to accurately detect fever, which is one of the common symptoms of several infections and diseases including influenza, common cold, and COVID-19. Body temperature monitoring devices help medical professionals quickly identify patients with raised body temperature and accordingly provide timely treatment.
The global body temperature monitoring market is estimated to be valued at US$ 1,196.58 million in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period of 2024 to 2031.
The growing incidence of fever-causing illnesses like respiratory infections, COVID-19 pandemic and increasing awareness regarding early disease detection is primarily fueling the demand for body temperature monitoring devices globally.
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. These players are focusing on developing advanced temperature monitoring devices integrated with smart connectivity features to gain a competitive edge in the market.
The rising cases of infectious diseases worldwide present significant growth opportunities for players in the Body Temperature Monitoring Market Growth. According to the World Health Organization (WHO), infectious diseases account for approximately 26% of global deaths. Furthermore, the ongoing COVID-19 pandemic has enhanced public awareness regarding symptom monitoring, thus propelling the demand for body temperature monitors.
The increasing penetration of digital technologies is driving major players in the Body Temperature Monitoring Companies to expand their presence globally. For instance, manufacturers are collaborating with healthcare IT solution providers and therapeutics companies to develop integrated temperature monitoring platforms for remote patient monitoring and early disease detection.
Market Drivers
One of the key drivers for the Body Temperature Monitoring is the ongoing COVID-19 pandemic. The pandemic has increased the focus on symptom monitoring and screening measures to contain the spread of the virus. Fever being a common symptom of COVID-19, the demand for accurate body temperature monitoring devices surged significantly during this period.
The rising incidence of infectious diseases due to changing environmental conditions is another major factor propelling the growth of the body temperature monitoring market. According to the WHO, infectious diseases account for approximately 26% of global deaths worldwide each year. The growing prevalence of respiratory infections, influenza, and other fever-causing illnesses is fueling the adoption of temperature monitoring devices.
Market Restraints
One of the key challenges for the body temperature monitoring market is the availability of unreliable and inaccurate equipment. Low-cost or non-medical grade thermometers may sometimes provide incorrect readings, leading to erroneous diagnosis and treatment. This adversely impacts the market growth and demand for such products.
Another major restraint is the lack of penetration in rural and underdeveloped regions. Significant population in remote and resource-poor areas still lack access to basic healthcare facilities and equipment like thermometers. This acts as a challenge for complete market penetration in global markets.
Segment Analysis
The body temperature monitoring market can be segmented based on product type into contact thermometers and non-contact thermometers. The contact thermometers segment is expected to dominate the market as they remain the most common and preferred device for measuring body temperature. Contact thermometers provide accurate and reliable readings and are more cost-effective than non-contact variants. Oral and axillary are the preferred measurement points for contact thermometers making them a suitable choice for both adults and children.
The market can also be segmented based on application into medication monitoring, child care, exercise and training, and others. The medication monitoring segment is expected to experience the highest growth during the forecast period owing to increasing healthcare expenditure and prevalence of chronic diseases requiring constant temperature monitoring. Rising adoption of telehealth services that allow remote temperature monitoring is also fueling segment growth.
Global Analysis
North America is projected to be the fastest growing as well as the dominant regional market for body temperature monitoring during the forecast period. This can be attributed to rising incidence of fever cases, technological advancements, presence of sophisticated healthcare infrastructure and healthcare awareness in the region. Furthermore, hospitals and outpatient clinics along with home settings presently offer significant revenue opportunities in the North American market. Asia Pacific is anticipated to showcase lucrative growth owing to increasing healthcare spending, large patient population, and improving access to healthcare services in developing countries such as India and China.
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About Author
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.
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