According to FutureWise analysis the market for Body Temperature Monitoring Devices in 2023 is US$ 1.61 billion, and is expected to reach US$ 2.43 billion by 2031 at a CAGR of 5.30%.
Monitoring Your Body's Heat Individual devices reveal a person's sensitivity to fever caused by infection, medication fever, or even severe trauma or injury, as well as other medical disorders. Placing thermometers in the oral cavity, rectum, ear, armpit, and forehead is a method of body temperature monitoring device. Electric thermometers and plastic strip thermometers are two recent breakthroughs in thermometer technology. Plastic strips are applied to the forehead or mouth and the colour of the strips is examined after one minute. Non-contact thermometers for communicable diseases have also been introduced to the market. The rise in the prevalence of chronic and infectious diseases, as well as the increased use of body temperature monitors in hospitals, clinics, and home care settings, as well as the increased adoption rate of portable Body Temperature Monitoring Devices and supportive reimbursement policies in the healthcare system, are all driving the market for Body Temperature Monitoring Devices. Other factors driving growth of the Body Temperature Monitoring Devices market include an increase in the geriatric population, increased awareness of new body temperature monitoring products as a result of the COVID-19 pandemic, and various initiatives undertaken by private and government organisations to raise awareness about chronic and infectious diseases. During the projected period, however, inadequate demand in developing nations is expected to stifle the growth of the body temperature monitoring market. High market growth potential in emerging markets, on the other hand, is likely to provide profitable prospects during the forecast period.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Body Temperature Monitoring Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Body Temperature Monitoring Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.