Tuesday, 02 January 2024 12:17 GMT

$3.4+ Bn, Body Temperature Monitoring Market By 2030 With Innovations In Electric And Non-Contact Thermometers


(MENAFN- EIN Presswire)

Body Temperature Monitoring market size, share, demand, growth, competitors analysis

PORTLAND, OR, UNITED STATES, October 10, 2024 /EINPresswire / -- The global body temperature monitoring market is expected to experience substantial growth, with its value projected to increase from $1,463 million in 2020 to $3,428 million by 2030, at a CAGR of 8.2%. This article explores the key factors driving this market expansion and its segmentation by product, application, end user, and region.

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The body temperature monitoring market is on a strong growth trajectory, driven by technological advancements, rising healthcare demands, and increasing awareness of chronic diseases. While challenges remain in underdeveloped regions, emerging markets in Asia-Pacific provide exciting opportunities for further growth.

Key Drivers of Market Growth
.Rise in Chronic and Infectious Diseases: Increased prevalence of chronic conditions like infections, alongside the demand for fever monitoring, is propelling the market.

.Increased Use in Hospitals and Home Care: Hospitals and home care settings are increasingly adopting temperature monitors to manage patient health effectively.

.Advances in Thermometer Technology: Recent innovations include electric thermometers, plastic strip thermometers, and non-contact devices for safe, quick, and accurate readings.

.Geriatric Population Growth: The aging population leads to higher healthcare needs, further boosting demand for body temperature monitors.
.COVID-19 Impact: The pandemic heightened awareness and adoption of advanced body temperature monitoring products.

Market Challenges
.Low Demand in Underdeveloped Countries: Limited healthcare infrastructure hampers market penetration in certain regions.
.Opportunities in Emerging Markets: Expanding markets in Asia-Pacific and other regions offer lucrative growth potential.

Market Segmentation
.By Product:
.Contact Thermometers: Digital, disposable, infrared ear, mercury, IR temporal artery, and others.
.Non-Contact Thermometers: Increasing in popularity for non-invasive, communicable disease monitoring.

.By Application:
.Oral Cavity, Rectum, Ear, and Forehead: These areas serve as primary sites for temperature monitoring.

.By End User:
.Hospitals & Clinics: The largest segment due to medical tourism and demand for advanced health monitoring.
.Home Care Settings: Growing as patients and families manage healthcare from home.

Regional Insights
.Asia-Pacific: A growing hub for body temperature monitoring devices due to rising government initiatives, innovations, and increased product approvals.
.North America and Europe: Established markets with continued demand for innovative and accurate monitoring technologies.

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Allied Market Research
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Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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