Global Body Temperature Monitoring Device Market Size, Share, Forecast Report, 2020-2027

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The global body temperature monitoring device market is expected to grow at a CAGR of around 5% during the forecast period. Body temperature monitoring devices are the basic medical equipment aids in determining a patient's temperature. The primary factors that drive the growth of the market include the wide acceptance of the thermometers amongst the physicians, healthcare providers, and patients for determining the body's temperature. Besides, rising prevalence infectious conditions, such as COVID-19, swine flu, Ebola, and others along with the rising pediatric population are increasing the demand for thermometers and thus driving the growth of the market during the forecast period.



Amongst the type, digital thermometers are widely preferred amongst the peoples as they are easy to operate, precise, and economically cheaper than other forms of thermometers. As a result, they are widely preferred by physicians, healthcare providers, and patients. The market is thus set to grow for digital thermometers. Growth in the market is also driven by the rising manufacturing activity across a wide range of industries, stringent regulations to ensure product quality, and technological advancements in the thermometers, especially for the pharmaceutical sector. Further, key players' contributions may provide ample opportunities for market growth.



Segmental Outlook



The global body temperature monitoring device market is segmented into type and applications. Based on the type, the market is segmented into contact thermometers and non-contact thermometers. The contact thermometer segment is further divided as digital thermometers, infrared thermometers, mercury thermometers, and others. Whereas, the non-contact thermometer is sub-segmented into non-contact infrared thermometers, and thermal scanners. Based on the application, the market is segmented as oral, rectum, ear, and others.



Non-contact Thermometers to Hold Significant Share in the Market



Amongst the type of body temperature monitoring device market, non-contact thermometers are estimated to hold a significant share in the market. The segmental growth is attributed to the increased emphasis on continuous temperature monitoring, ongoing R&D activities, along with several benefits of non-contact temperature monitoring systems. Further, the non-contact thermometer is divided into non-contact infrared thermometers, thermal scanners, and others. Amongst the sub-division segment, thermal scanners hold the most significant share attributed to the rising incidences of viral diseases such as COVID-19. These further offers hygiene and safety as these thermometers are contactless due to which it is widely accepted across the globe.



Regional Outlook



The global body temperature monitoring device market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to exhibit significant growth in the market during the forecast period. The developing economies of Asia-Pacific, especially China, Japan, and India are investing significantly in the development of innovative therapeutic and medical devices. Furthermore, the presence of various subsidiaries of major market players in Asia-Pacific is again estimated to boost market growth. For instance, major companies in the market such as 3M Co., GE Healthcare Ltd., Koninklijke Philips N.V., and A&D Medical, have their subsidiary companies in all the major economies in the region. Besides, the region provides future opportunities for growth as the demand for body temperature monitoring devices is continuously increasing in emerging economies such as India and China due to increasing diseases.



Market Players Outlook



Some of the prominent players operating in the global body temperature monitoring device market include 3M Co., GE Healthcare, Hicks Thermometers Ltd., Koninklijke Philips N.V., Omron Corp., and others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global body temperature monitoring device market.