| A07456 | Pages: 205 | Aug 2021 | 2242 Views | ||
| Author(s) : Sushant Terdale , Onkar Sumant | Tables: 116 | Charts: 43 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Body Temperature Monitoring Market
Request Now !The global body temperature monitoring market size was valued at $1,463 million in 2020, and is projected to reach $3,428 million by 2030, registering a CAGR of 8.2% from 2021 to 2030. Body temperature of an individual indicates 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 done by placing thermometers in oral cavity, rectum, ear, armpit, and forehead. Moreover, recent advancements in thermometers include electric thermometers and plastic strip thermometers. Plastic strips are placed on the forehead or mouth and checked after one minute for change in color. In addition, non-contact thermometers are also brought into market for diseases, which are communicable.
Rise in prevalence of chronic and infectious diseases, surge in use of body temperature monitors in hospitals & clinics and home care settings, surge in adoption rate of portable body temperature monitors, and supportive reimbursement policies in healthcare system are the major factors that drive growth of the market. In addition, increase in geriatric population, rise in awareness related to new body temperature monitoring products in COVID-19 pandemic, and various initiatives undertaken by private and government organizations to raise awareness about chronic and infectious diseases are other factors that further drive growth of the market. However, poor demand in underdeveloped countries is expected to hamper the body temperature monitoring market growth during the forecast period. Conversely, high market growth potential in emerging markets is expected to offer lucrative opportunities during the forecast period.
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The World Health Organization (WHO) on January 30, 2020 declared COVID-19 outbreak a public health emergency of international concern. COVID-19 has affected around 210 countries across the globe. The COVID-19 pandemic is an unprecedented global public health challenge and is anticipated to have a positive impact on the body temperature monitoring market. High to moderate fever condition is one of the very first & most common symptoms of COVID-19 epidemic. Temperature readings of a person have to be regularly monitored to formulate a COVID-19 treatment plan particular to patient's condition. Thus, with rise in number of positive cases of corona virus disease, there is increase in demand for different types of body temperature monitoring devices.
The body temperature monitoring market is segmented into product, application, end user, and region. On the basis of product, the market is categorized into contact thermometers and non-contact thermometers. The contact thermometers segment is further divided into digital thermometers, disposable thermometers, infrared ear thermometers, mercury thermometers, infrared (IR) temporal artery thermometers, and others. By application, the market is categorized into oral cavity, rectum, ear, and others. On the basis of end user, it is categorized into hospitals & clinics, home settings, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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On the basis of product, the contact thermometers segment is the major revenue contributor, and is projected to grow significantly during the forecast period. Advent of novel & cost-efficient single use contact thermometers and increase in dependency of healthcare practitioners on use of contact thermometers for checking health status of patients is projected to drive the market growth during the forecast period. In addition, technological advancements in contact thermometers, rise in prevalence of infectious diseases, and other medical conditions, increase in awareness about significance of contact thermometers, and availability of advanced disposable thermometers further drive growth of the body temperature monitoring market.
By end user, the hospitals & clinics segment is the major shareholder in the body temperature monitoring market, owing to surge in medical tourism, which influences hospitals & clinics to opt for solutions such as advanced body temperature monitoring devices and quality body temperature monitoring devices that promote accurate temperature detection and proper treatment of patients. Moreover, increase in use of novel body temperature monitoring devices in hospitals & clinics and surge in number of government initiatives to ensure high degree infectious diseases prevention measures drive growth of the hospitals & clinics segment.
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Asia-Pacific presents lucrative opportunities for key players operating in the body temperature monitoring market, owing to increase in number of initiatives and enhanced investments from governments for overall R&D of body temperature monitoring devices and rise in number of product approvals. In addition, ongoing innovations in body temperature monitoring devices, availability of advanced healthcare systems, and significant surge in demand for advanced healthcare facilities contribute toward growth of the market. Moreover, surge in focus of leading manufacturers on expanding their geographical presence in emerging Asia-Pacific countries to capture high market share is expected to drive growth of the body temperature monitoring market in the region.
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Key Benefits For Stakeholders
Key Market Segments
Key Market Players
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Body temperature monitoring products are used to detect any temperature changes in the body. Contact thermometers and non-contact thermometers are utilized to address health concerns.
The factors such as rise in demand for non-contact thermometers with the ongoing COVID-19 pandemic for constant temperature check-ups, increase in prevalence of infectious diseases, and surge in number of body temperature monitoring product launches are expected to drive growth of the body temperature monitoring market. In addition, rise in demand for disposable thermometers, increase in initiatives by various private and government organizations for treatment of infectious diseases, and surge in number of hospitals & clinics with availability of advanced body temperature monitoring products further boost growth of the market. However, low demand in under developing countries is expected to hamper the market growth during the forecast period.
A. The total market value of Body Temperature Monitoring market is $1,462.9 million in 2020.
A. The forcast period for Body Temperature Monitoring market is 2021 to 2030
A. The market value of Body Temperature Monitoring market in 2021 is $1,685.3 million.
A. The base year is 2020 in Body Temperature Monitoring market
A. Top companies such as 3M Company, Cardinal Health, Inc., American Diagnostic Corporation, Hill-Rom Holdings Inc. (Welch Allyn, Inc.), Omron Corporation, Hicks Thermometers India Limited, and Helen of Troy Limited (Kaz USA Inc.) held a high market position in 2020. These key players held a high market postion owing to the strong geographical foothold in different regions.
A. Contact thermometers segment is the most influencing segment owing to advent of novel & cost-efficient single use contact thermometers and increase in dependency of healthcare practitioners on use of contact thermometers for checking health status of patients is projected to drive the market growth during the forecast period.
A. Rise in prevalence of chronic and infectious diseases, surge in use of body temperature monitors in hospitals & clinics and home care settings, surge in adoption rate of portable body temperature monitors, and supportive reimbursement policies in healthcare system are the major factors that drive growth of the market. In addition, increase in geriatric population, rise in awareness related to new body temperature monitoring products in COVID-19 pandemic, and various initiatives undertaken by private and government organizations to raise awareness about chronic and infectious diseases are other factors that further drive growth of the market.
A. Asia-Pacific has the highest growth rate in the market which is growing due to increase in number of initiatives and enhanced investments from governments for overall R&D of body temperature monitoring devices and rise in number of product approvals. In addition, ongoing innovations in body temperature monitoring devices, availability of advanced healthcare systems, and significant surge in demand for advanced healthcare facilities contribute toward growth of the market.
A. The body temperature monitoring provides a piece of vital physical information for several medical conditions.
A. Body temperature monitoring products are used to detect any temperature changes in the body.
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