by The body temperature monitoring market has witnessed significant growth in recent years. Body temperature monitoring devices help in measuring human body temperature and are vital for diagnosing illnesses. A variety of devices are available including thermometers, temperature monitoring strips, and oral, rectal, and forehead thermometers. Advancements in wearable technologies such as smartwatches and wearable patches have enabled continuous temperature monitoring. These devices provide alerts in case of abnormal temperature variations and aid faster diagnosis and treatment.
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.
Advancements in digital temperature monitoring tools with connectivity options and integration with mobile apps have increased their adoption. Growing prevalence of fever-causing illnesses and increasing healthcare expenditures are also fueling market revenue growth.
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 Body Temperature Monitoring Market Size is witnessing growing investment in development of non-contact and continuous temperature monitoring solutions. Players are focused on introducing compact and user-friendly devices to expand presence. Growing demand for home healthcare monitoring also opens lucrative opportunities.
Technological advancements have enabled integration of temperature monitoring in wearable devices, medical patches, and ear thermometers. These devices offer real-time temperature tracking and alerts to enable timely diagnosis and treatment of fever or abnormal body temperature. Collaboration with healthcare IT companies is helping players leverage analytics for predictive care.
Market Drivers
Increasing incidence of fever-causing illnesses such as common cold, COVID-19, flu, and others is a key market driver. Fever monitoring helps in quick diagnosis and treatment decision making. Growing elderly population also fuels demand for remote patient monitoring solutions. Increasing healthcare costs have prompted shift towards home healthcare monitoring, opening opportunities for self-monitoring temperature devices.
Current Challenges in Body Temperature Monitoring Market
The Body Temperature Monitoring Market Challenges And Opportunities faces various challenges in terms of technology adoption and accuracy. Traditional thermometers are still widely used for basic temperature checks which poses a challenge for smart and connected device manufacturers to promote their advanced solutions. Lack of awareness among users regarding new-age temporal scanners, infrared thermometers and smart patches/wearables is another hurdle. Further, accuracy related issues and variations owing to external environmental factors continue to impact certain device categories like smart patches. Data security is a prominent concern for devices and apps that store and transfer temperature readings over mobile networks or clouds.
SWOT Analysis
Strength: Advanced smart devices and patches offer non-intrusive monitoring with skin contact. Wearables and patches provide continuous temperature tracking.
Weakness: High costs of advanced digital devices limit widespread adoption. Accuracy issues are seen in some smart patches depending on location of wear.
Opportunity: Growing telehealth and remote patient monitoring creates demand. Increased awareness during pandemic will boost demand for personal use devices.
Threats: Traditional devices continue to be preferred in price-sensitive regions. Strict regulations for medical-grade products in healthcare settings.
Geographical Regions: North America holds the major share in terms of value currently due to high technology adoption and awareness levels. Growing elderly population and increased emphasis on preventive healthcare has contributed to regional market growth.
Asia Pacific is projected to witness the fastest growth during the forecast period supported by rising health consciousness, growing disposable incomes and increasing investments by global players in countries like India and China. Favorable government initiatives to bolster preventive healthcare adoption will further accelerate regional market expansion.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
About Author - 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
