May 21, 2024

Increasing Product Launches by Key Players Are Boosting the Growth of the Global Body Temperature Monitoring Market

Body Temperature Monitoring Market, By Product (Contact and Non-contact), By Application (Oral Cavity, Rectum, Ear, and Others), and By End User (Hospitals, Clinics, and Homes), And By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030.

Market Overview:

Body temperature monitoring refers to the process of measuring and tracking an individual’s body temperature, typically to assess their health status. Body temperature is an essential physiological parameter, which can provide valuable insights into an individual’s overall health and well-being. Monitoring body temperature is crucial for detecting fevers, infections, and other medical conditions that may require medical attention.

Monitoring body temperature is an important tool for detecting and managing various health conditions. Fever, which is an elevated body temperature, is often an early sign of infection or inflammation. Monitoring body temperature regularly can aid in the early detection of infectious diseases, such as flu, COVID-19, and other viral or bacterial infections.

The Body Temperature Monitoring Market was estimated to be worth US$ 1,016.1 million in 2022 and is anticipated to grow at a CAGR of 5.7% from 2023 to 2030 to reach US$ 1,576.9 million. Due to the rising incidence of infectious diseases, growing elderly and paediatric populations, and rising prevalence of infectious diseases worldwide, the global market for body temperature monitoring is expanding rapidly. In addition, the market is anticipated to rise as a result of rising demand for temperature monitoring equipment and the COVID-19 epidemic.

Competitive Landscape:

Major players operating in the global Body Temperature Monitoring Market include American Diagnostic Corporation, Hicks Thermometers Limited, Welch Allyn Inc., Easywell Biomedicals, Cardinal Health, Omron Corporation, Microlife Corporation, and Kaz USA Inc.

Key Market Drivers:

Growing awareness about the importance of regular health check-ups and early detection of illnesses is boosting the demand for body temperature monitoring devices. The prevalence of infectious diseases, such as COVID-19, influenza, and other respiratory infections, has increased the demand for temperature monitoring devices in various settings. This is expected to augment the growth of the global body temperature monitoring for market. For instance, in May 2020, ZOOOK introduced an infra-temp contactless medical-grade thermometer.

Increased birth rates and preterm births are to blame for the growth of the Fetal Monitoring Market. Better maternal and foetal care is being aggressively pursued by several government and nongovernmental organisations. However, the foetus is impacted by the surge in pregnancy issues brought on by high blood pressure, diabetes, and pre-term labour medications.

The global rise in the aging population is contributing to higher healthcare needs, including regular temperature monitoring for the elderly. Continuous advancements in body temperature monitoring technology, such as non-contact infrared thermometers and wearable devices, are driving market growth. This is estimated to witness high growth in the global body temperature monitoring for market.

Covid-19 Impact Analysis:

The COVID-19 pandemic led to a massive surge in demand for body temperature monitoring devices, especially non-contact infrared thermometers, in various public places, airports, workplaces, and healthcare facilities to screen for potential COVID-19 cases. With the adoption of telehealth and remote patient monitoring during the pandemic, there was increased use of wearable temperature monitoring devices for continuous health monitoring of patients. For instance, in February 2021, Canon Solutions America Inc. launched an automated and no-touch clinical thermometer called welloStationXTM.

Key Takeaways:

  • North America is expected to dominate the growth of the global Body Temperature Monitoring Market, owing to the well-established healthcare infrastructure, rising awareness about health monitoring, and government initiatives to combat infectious diseases. For instance, in May 2020, Masimo Corporation introduced a continuous thermometer called the Radius T, which is a very convenient way of keeping track of fever.
  • The Asia-Pacific is estimated to witness high growth in the global body temperature monitoring for market, owing to the large population, increasing healthcare awareness, and rising investments in healthcare infrastructure. For instance, according to The Indian Express, annually in India, especially during the monsoon hundreds of viral fever cases are reported.