The Business Research Company’s report on the Temperature Monitoring Devices Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the temperature monitoring devices market further?
The temperature monitoring devices market is experiencing massive growth due to the COVID-19 pandemic. Temperature monitoring of individuals or suspected patients is the first mode of diagnosis for COVID-19 used across various types of entities, including airports, offices, clinics, hospitals, and homecare. Also, infected patients’ vital signs are required to be monitored both at hospitals and at home as a primary examination to track the infection.
Access Your Free Sample of the Global Temperature Monitoring Devices Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=2847&type=smp
What are the key factors influencing the forecasted market size of the temperature monitoring devices industry?
The temperature monitoring devices market size has grown strongly in recent years. It will grow from $1.62 billion in 2024 to $1.72 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rising manufacturing activity, stringent regulations to ensure product quality, growing demand for digital thermometers, strong economic growth in emerging markets and rise in incidence of chronic diseases.
The temperature monitoring devices market size is expected to see strong growth in the next few years. It will grow to $2.18 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing adoption of strategies, growing demand for temperature monitoring systems, maintenance of air temperature in a controlled environment, rising demand for wireless temperature monitoring systems and rising healthcare expenditure. Major trends in the forecast period include product innovation, advancements in technology, growing demand for non-contact-based temperature, growing environmental awareness and use of artificial intelligence.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=2847&type=smp
Who are the leading competitors in the temperature monitoring devices market?
Major companies operating in the temperature monitoring devices market include 3M Company, Drägerwerk AG & Co. KGaA, Cosinuss GmbH, Helen of Troy Limited, Koninklijke Philips N.V., Microlife Corporation, Omron Healthcare Co. Ltd., Terumo Corporation, Welch Allyn Inc., C. R. Bard Inc., Measurement Specialties Inc., Circa Scientific LLC, NOVAMED USA, Truer Medical Inc., Med-link Electronics Tech Co. Ltd., Rongrui (Shanghai) Technology Development Co. Ltd., Exsense Medical Technology Corporation, Medtronic plc, Becton Dickinson and Company, Medline Industries Inc., Amphenol Corporation, Egate Smart Building Innovation’s Inc., Silicon Laboratories Inc., Shinyei Capacitor Co. Ltd., Energy Service Company, Technosoft Solutions India Pvt Ltd., Securitas Healthcare, ABB Ltd., DeltaTRAK Inc., Emerson Electric Co., Fluke Corporation
Which emerging trends are set to transform the temperature monitoring devices market landscape?
The high cost of advanced temperature monitoring devices may hinder the growth of the temperature monitoring devices market. The average cost of thermometers ranges from US$1 to US$114. The high cost of these devices is due to the high costs of sensors used in them. This is a high amount for low-economic countries such as Africa., South America and several Asian countries. Thus, the high cost of temperature monitoring devices is hindering the temperature monitoring devices market growth.
How do different geographies compare in terms of market share and growth potential in the temperature monitoring devices market?
North America was the largest region in the temperature monitoring devices market in 20232. Western Europe was the second largest region in the temperature monitoring devices market. The regions covered in the temperature monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
Which major segments of the temperature monitoring devices market are experiencing the fastest growth?
The temperature monitoring devices market covered in this report is segmented –
1) By Type: Contact-based Temperature Monitoring Systems, Non-Contact-based Temperature Monitoring System
2) By Application: Oral Cavity, Rectum, Ear, Other Applications
3) By End User: Hospital And Surgical Centers, Nursing Facilities, Ambulatory Care Centers, Home Care, Other End Users
Subsegments:
1) By Contact-based Temperature Monitoring Systems: Thermocouples, Resistance Temperature Detectors (RTDs), Thermistors, Bimetallic Temperature Sensors
2) By Non-Contact-based Temperature Monitoring Systems: Infrared Thermometers, Infrared Sensors, Thermal Cameras, Radiation Pyrometers
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2847
What defines the structure and scope of the temperature monitoring devices market?
Temperature monitoring devices are the systems that control and regulate the temperature of a particular environment. They are used to track, control, and regulate the products’ temperature in a specific environment.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
