Global Body Temperature Monitoring Market (2019-2024): Growth, Trends and Forecasts - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 23, 2019--
The “Global Body Temperature Monitoring Market (2019-2024): Growth, Trends and Forecasts” report has been added to ResearchAndMarkets.com’s offering.
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.
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.
The body temperature monitoring market is highly competitive and consists of several major players, indicating a fragmented market scenario. Although the market is quite fragmented in nature, there are some leading players, such as 3M Company, Welch Allyn Inc., Omron Corporation, and Hicks Thermometers Limited, among others, operating in the market studied. The market is largely driven by the advancements in technology and innovation in products.
Key Topics Covered
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
5 MARKET SEGMENTATION
5.1 By Product
18.104.22.168 Digital Thermometers
22.214.171.124 Infrared Ear Thermometers
126.96.36.199 IR Temporal Artery Thermometers
188.8.131.52 Mercury Thermometers
184.108.40.206 Disposable Thermometers
220.127.116.11 Other Contact Products
18.104.22.168 Non-contact Infrared Thermometers
22.214.171.124 Thermal Scanners
5.2 By Application
5.2.1 Oral Cavity
5.2.4 Other Applications
5.3 By End User
5.4.1 North America
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.4.4 Middle East & Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
5.4.5 South America
22.214.171.124 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
For more information about this report visit https://www.researchandmarkets.com/r/dq9emi
View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005461/en/
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Related Topics:Medical Devices,Temperature and Heat Sensors,Patient Monitoring Equipment
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 05/23/2019 09:56 AM/DISC: 05/23/2019 09:56 AM