Industry Background:
The body temperature monitoring device is a portable measurement device that can record temperature over a set period of time on its own. After it has been recorded, the digital data can be retrieved, viewed, and evaluated. A data logger is commonly used to track shipments in a cold chain and collect temperature data in a variety of field settings. The temperature of the body can be measured in a variety of locations. The mouth, the ear, the armpit, and the rectum are the most common.
According to AMA Research, the market for Body Temperature Monitoring is expected to register a CAGR of 5.6% during the forecast period to 2027. This growth is primarily driven by Rising Prevalence of Infectious Diseases
.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 3M (United States), Cardinal Health (United States), Koninklijke Philips N.V. (Netherlands), Hill-Rom Holdings (United States), Drägerwerk AG & Co. KGaA (Germany), Terumo Medical Corporation (Japan), Masimo Corporation (United States), Microlife Corporation (Taiwan), Procter & Gamble (United States) and American Diagnostic Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Hicks has introduced the Hicks DT-12 digital thermometer with special features such as memory, beeper and auto shutoff function.
In 2021, Konica Minolta Inc. (Konica Minolta) announced the development of FORXAI Temperature Monitoring App (TMA), a temperature monitoring solution for storing and managing temperature data continuously recorded by thermal edge cameras. and On 27th July 2020 - Masimo has announced a significant expansion to the Masimo SafetyNet platform, a wearable, wireless sensor that provides continuous body temperature measurements. By augmenting the already powerful Masimo SafetyNet, which features Radius PPG tetherless pulse oximetry, with Radius Tº, the remote patient management solution becomes capable of tracking four key vital signs – oxygen saturation, respiration rate, pulse rate, and now temperature – making it an ideal solution for assessing the status of patients with suspected or low-acuity COVID-19, among many other remote patient management uses.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Body Temperature Monitoring Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Rising Prevalence of Infectious Diseases
- Increasing Geriatric and Pediatric Population
|
Influencing Trends | - Introduction of Wearable Sensors/Devices for Temperature Monitoring
|
Restraints | - High Cost of Advanced Temperature Monitoring Devices
|
Road Blocks / Challenges | - Concerns Related to Rectal Temperature Monitoring
- Preference for Digital Thermometers over Mercury-Based Thermometers
|
Gaps & Opportunities | - Growing Number of Blood Transfusion Procedures
|
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Body Temperature Monitoring Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Body Temperature Monitoring Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Body Temperature Monitoring players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Body Temperature Monitoring Study Sheds Light on
The Body Temperature Monitoring Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Body Temperature Monitoring industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Body Temperature Monitoring industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.