Body Temperature Monitoring Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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A07456
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Oct 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Body Temperature Monitoring Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Body temperature of an individual indicates the susceptibility of the individual to experience fever due to infection, or drug fever, or even severe trauma or injury and other medical conditions. Body Temperature Monitoring is carried out for the core temperature to be observed, however the insertion of the thermometers to the rectum or the armpits is unacceptable for the person. Hence, in general the temperature of the mouth is monitored and is compared with normal range of the human body temperature. Any fluctuation from the normal range of the body temperature is caused due to the immune response carried out by the body as a result of the attack of foreign body to the human system. The recent advancement includes the up gradation into electric thermometers and plastic strip thermometers. The plastic strips are placed on the forehead or mouth and checked after one minute for the change in color. In addition to this Non-contact thermometers are also brought into the market for the diseases which are communicable.
Market scope and structure analysis:
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Report Metric |
Details |
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Market size available for years |
2020–2027 |
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Base year considered |
2019 |
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Forecast period |
2021–2027 |
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Forecast units |
Value (USD) |
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Segments covered |
Products, Type, End-Users and Region |
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Geographies covered |
North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa |
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Companies covered |
Major players analyzed include Omron Corporation, 3M, A&D Medical, Hicks Thermometers Limited, Easywell Biomedicals, American Diagnostic Corporation, Hill, Cardinal Health Inc., Microlife Corporation, Rom. |
COVID-19 scenario analysis:
The outbreak of the pandemic worldwide has drastically affected the use of body temperature monitoring in a positive way. The COVID-19 is stated to be a communicable disease. The most common sign which indicates the individual experiencing COVID-19 is rise in the body temperature, therefore the use of Non-contact thermometers has risen at the highest pace in the current scenario. The industries which are producing the body temperature monitoring devices are at the peak of capturing the maximum shares due to the outbreak of the disease. The primary testing carried out being the monitoring of body temperature, resulting into the increase in demand for the devices used for the disease. Additionally, the industries are focusing on the R&D of the thermometers, which are digital and mainly non-contact type for use during the pandemic situation. Therefore, the industry is experiencing a lucrative growth in the coming years.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rise in the incidences and prevalence of acquired infections would propel the industrial growth in the coming years. Furthermore, the hike in the initiatives taken by the government for the awareness of the individuals for the infections which need early diagnosis, are lethal and also those which are communicable. The surge in the demand of the Non-contact thermometers to avoid cross-contamination and reduce the risk of spread of the infection would help the industry grow in the coming years. Moreover, the steep increase in the geriatric population and the pediatric population, who are have lesser immunity and hence would help the industry gain maximum shares in the coming years.
The global body temperature monitoring market trends are as follows:
New product launches to boost the market
The growing demand in the body temperature monitoring market is capturing attention of the key leaders to focus more on the R&D of the devices associated with the industry. Hence, the hike in the investment for the innovations would help the market flourish. For instance, in March 2020, SegunLife had launched infrared thermometers in India, which is proposed to have swift and precise recording through infrared sensors and has accuracy up to 2 Celsius.
The growing concerns for the early diagnosis and treatment of the various infectious diseases lead the body temperature monitoring market players to invest on bringing up compact and accurate body temperature monitoring devices. For instance, in February 2020, Xiaomi declared that it has launched a new non-contact type of the IR thermometer, which can take the temperature reading in just one second and has a measuring accuracy of 0.2 degrees. The advancement in the technology and the improvement in the accuracy of the body temperature monitoring are anticipated to propel the growth of the industry in the coming years.
Surge in incidences of disease will propel the market growth
The rise in the incidences of the diseases has a direct impact over the fluctuations in the human body temperature would help the market grow positively in the commenced period. The outbreak of the flu due to various environment situations is also expected to help the market gain maximum revenue in the coming years. For instance, outbreak of the pandemic which causes severe acute respiratory syndrome called as coronavirus 2 (SARS-CoV-2) led to the global demand for body temperature monitoring due to the primary symptom shown by the patient being fever. The growth in the demand for the body temperature monitoring systems would help the market flourish.
Furthermore, the rise in various flu outbreaks and hence the pandemic situations brought up the increase in need for the products which are useful for checking body temperatures. For instance, outbreak of the Ebola virus in 2014, which had primary symptom of hemorrhage fever, brought the need for thermometers to be used as the instruments to measure the body temperature throughout the pandemic. The growth in the number of flu outbreaks is anticipated to propel the growth of the industry in the forecast period.
Key segments covered:
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Key benefits of the report:
- This study presents the analytical depiction of the global body temperature monitoring industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global body temperature monitoring market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global body temperature monitoring market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global body temperature monitoring market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Body Temperature Monitoring Market research report:
- Who are the leading market players active in the body temperature monitoring market?
- What are the current trends will influence the body temperature monitoring market in the next few years?
- What are the driving factors, restraints, and opportunities in the body temperature monitoring market?
- What are the projections for the future that would help in taking further strategic steps?
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