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Body Temperature Monitoring Market 2019 by Market Share & Size, Vendors, Growth Rate, Analysis, Product Type, Revenue

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Body Temperature Monitoring Market 2019 by Market Share & Size, Vendors, Growth Rate, Analysis, Product Type, Revenue

Body Temperature Monitoring

This “Body Temperature Monitoring Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Body Temperature Monitoring market can use for expanding their business in untapped market to increase their customer base.

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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 European 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.

    Body Temperature Monitoring Market Covers Manufacturers:

  • 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.

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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 United States 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.

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    Target Audience of Body Temperature Monitoring Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Body Temperature Monitoring Market Report:

    • Analyzing various perspectives of the Body Temperature Monitoring market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Body Temperature Monitoring market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Body Temperature Monitoring market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Body Temperature Monitoring market studied, during the forecast period
    • The segments that are expected to dominate the Body Temperature Monitoring market studied.

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