Body Temperature Monitoring Market 2021: Leading Countries, Market Size, Challenges, Five Forces Analysis, Trends, Drivers, Forecast to 2024

Body Temperature Monitoring

Body Temperature Monitoring Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Body Temperature Monitoring market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Oral Cavity is Expected to Register the Highest CAGR in the Application Segment

Oral cavity is found to be the most accessible and is highly believed to provide the best estimation of the core body temperature. Oral cavity is found to be the most common site for measuring body temperature, by local sensors. Eating and drinking may affect the accuracy, while measuring oral temperature. The thermometers are placed inside the mouth, under the tongue, and such readings can be inaccurate. The oral cavity temperature is measured by placing the thermometer posteriorly into the sublingual pocket, as it is very close to the sublingual arteries, which track the changes in the core body temperature.

In addition, there are advantages and disadvantages associated with the oral thermometers. Accessibility and convenience are considered to be the advantages offered by these devices. The chance for these devices breaking into pieces, if bitten, and recording inaccurate temperature, if the person has ingested food or fluid, or has smoked, are the disadvantages of these devices. Hence, all the aforementioned factors are expected to lead to a steady growth of the market.

North America Dominates the Market and is Expected to Continue the Same during the Forecast Period

North America currently dominates the market for body temperature monitoring, and is expected to continue its dominance for a few more years. This region is expected to increase its market share in the future, owing to the increased adoption of body temperature monitoring devices. The holds majority of the market in the North American region, due to the rising cases of flu. For instance, according to the Centers for Disease Control and Prevention, 5%-20% of the US population suffer from flu each year, which increases the outpatient visits by around 31.4 million, annually. Thus, this statistics implies the huge demand for body temperature monitoring devices. Additionally, as per the American Hospital Association, there were more than 36.5 million admissions to hospitals in 2017. This huge number denoted the requirement for body temperature monitoring devices, and therefore, was as a driving factor to the market.

Market Overview:

  • The body temperature monitoring market was valued at USD 828.69 million in 2018, and it is expected to reach USD 1,132.06 million by 2024, with an anticipated CAGR of 5.38%, during the forecast period, 2019-2024.
  • – The market is growing positively, owing to the rise in infectious conditions, like swine flu and Ebola virus disease, and increase in demand for non-contact thermometers, as the use of infrared (IR) thermometers and non-contact thermometers were extremely useful for identifying the new cases of outbreak caused by the Ebola virus.
  • – Additionally, the growing pediatric population is responsible in driving the market growth, globally.
  • – The factors, such as flu outbreak, have a considerable effect on the market studied. For instance, in 2019, the an countries faced severe outcomes of flu.
  • – Additionally, increase in concerns regarding health has become a primary factor driving the market studied.
  • – In addition, the growing preference of digital thermometer helps in giving more accurate and faster result, when compared to a mercury thermometer. Furthermore, it is safe, as mercury is a neurotoxic metal than can adversely affect the human body.

    Key Manufacturers Like 

  • 3M Company
  • A&D Medical
  • Easywell Biomedicals
  • American Diagnostic Corporation
  • Hicks Thermometers (India) Limited
  • Helen of Troy Limited (Kaz USA Inc.)
  • Hill
  • Rom (Welch Allyn)
  • Cardinal Health Inc.
  • Omron Corporation
  • Microlife Corporation (Midas Investment Company Limited).

    Scope of the Report:

  • Body temperature monitoring device is a common temperature measuring tool used in daily life. It is crucial for ensuring safe and efficient patient care.

    Body Temperature Monitoring market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Body Temperature Monitoring market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Body Temperature Monitoring market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Body Temperature Monitoring market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Body Temperature Monitoring market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Body Temperature Monitoring ?
    • Who are Opportunities, Risk and Driving Force of Body Temperature Monitoring market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Body Temperature Monitoring space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Body Temperature Monitoring market opportunities, market risk and market overview of the Market?

    Lastly, the Global Body Temperature Monitoring Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Body Temperature Monitoring Market Report:

    • To provide a detailed analysis of the market structure along with the Body Temperature Monitoring market forecast of various segments and sub-segments of the Body Temperature Monitoring market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Body Temperature Monitoring market trends that influence the global Body Temperature Monitoring market

    Detailed TOC of Body Temperature Monitoring Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Rise of Infectious Conditions, like Swine Flu, Ebola, and Others, increasing the Demand for Non-contact Thermometers
    4.2.2 Increasing Pediatric Population Driving the Growth of Thermometers
    4.2.3 Increasing Demand for Disposable Thermometers
    4.2.4 Preference for Digital Thermometer over Mercury-based Thermometers
    4.3 Market Restraints
    4.3.1 Issues Related to Rectal Thermometers
    4.3.2 Concerns about the Use of Infrared Thermometers
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Contact
    5.1.1.1 Digital Thermometers
    5.1.1.2 Infrared Ear Thermometers
    5.1.1.3 IR Temporal Artery Thermometers
    5.1.1.4 Mercury Thermometers
    5.1.1.5 Disposable Thermometers
    5.1.1.6 Other Contact Products
    5.1.2 Non-contact
    5.1.2.1 Non-contact Infrared Thermometers
    5.1.2.2 Thermal Scanners
    5.2 By Application
    5.2.1 Oral Cavity
    5.2.2 Rectum
    5.2.3 Ear
    5.2.4 Other Applications
    5.3 By End User
    5.3.1 Hospitals
    5.3.2 Clinics
    5.3.3 Homes
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 3M Company
    6.1.2 A&D Medical
    6.1.3 Easywell Biomedicals
    6.1.4 American Diagnostic Corporation
    6.1.5 Hicks Thermometers (India) Limited
    6.1.6 Helen of Troy Limited (Kaz USA Inc.)
    6.1.7 Hill-Rom (Welch Allyn)
    6.1.8 Cardinal Health Inc.
    6.1.9 Omron Corporation
    6.1.10 Microlife Corporation (Midas Investment Company Limited)

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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