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Temperature Monitoring Devices Market In-deep Analysis And Experts Review Report 2021 : 3M Company, Drgerwerk AG & Co. KGaA, Cosinuss GmbH

02-08-2021 12:36 PM CET | Health & Medicine

Press release from: Marketinsightsreports

Temperature Monitoring Devices

Temperature Monitoring Devices

Temperature monitoring devices market is experiencing a 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 type 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.

The Temperature Monitoring Devices Market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

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Top Key Players Included in This Report: 3M Company, Drgerwerk AG & Co. KGaA, Cosinuss GmbH, Helen of Troy Limited, Koninklijke Philips N.V, Microlife Corporation, Omron Healthcare, Terumo Corporation, Welch Allyn, Inc, and C. R. Bard.

Global Industry News:
Philips Launches Biosensor-Enabled Monitoring Solution[February 23, 2016]

Philips has unveiled a wireless, wearable, medical-grade biosensor designed to measure vital signs in low-acuity clinical settings. The device runs on clinical decision support software that alerts providers and caregivers when normal thresholds are exceeded, allowing them to respond to clinical events quickly.The wireless device is capable of continuously monitoring heart rate, respiratory rate, skin temperature, and other parameters. It's designed for patients in low acuity hospital settings, such as the general ward, who are transitioning to home care to continue their recovery.

This new biosensor-enabled patient monitoring solution is part of Philips' plans to introduce a portfolio of integrated, interconnected solutions that utilize analytics and dashboards to provide clinicians real-time information to help them effect favorable patient outcomes, reduce costs, and improve access to care.

The global temperature monitoring devices market is expected to grow from $2.67 billion in 2019 to about $26.7 billion in 2020 due to a massive increase in demand for such devices for constant temperature monitoring of Covid-19 patients. The market is expected to stabilize and reach $3.7 billion at a CAGR of 8.2% through 2023.

The companies in the temperature monitoring devices market are focusing on the manufacturing of wearable temperature monitoring devices. Wearable thermometer is a digital thermometer which measures the temperature by using medium like touch, patch. It is connected to smart devices like phones, tablets etc. and allows continuous monitoring of temperatures. Products like fit bit, apple watch, temperature strips, temperature patches are widely used for monitoring temperature. On June 2019, IWEECARE, a Taiwan-based digital health start-up, received regulatory approval for selling Temppal, a convenient patch of wearable Bluetooth enabled temperature monitoring devices.

Global Temperature Monitoring Devices Market Split by Product Type and Applications:

Market Segment by Type, covers:
Contact-based Temperature Monitoring Systems
Non-contact-based Temperature Monitoring System
Segment by Applications, covers:
Oral Cavity
Rectum
Ear
Others Covering
Regional Analysis For Temperature Monitoring Devices Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

The increase in the prevalence of chronic and infectious diseases is causing a positive impact on the temperature monitoring devices market. Certain infectious diseases like Dengue, Zika, Malaria, Ebola requires continuous monitoring of temperature to give appropriate treatment and save lives, temperature of patients with chronic diseases like cardiovascular cases, kidney related diseases and other diseases has to be monitored continuously especially when they are hospitalized. This monitoring gives an overview of their body functioning. Most recently, pandemic COVID 19 has more than 600,000 positive cases around the globe and increased body temperature is one of the main symptoms of this disease, causing the demand for temperature monitoring devices to increase by several folds. Therefore, the prevalence of chronic and infectious disease is expected to propel the market.

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Major highlights of this research report:
• Estimation of Temperature Monitoring Devices Market values and volumes.
• Temperature Monitoring Devices Market analysis through industry analysis tools such as SWOT and Porter’s five analysis.
• Detailed elaboration on global market value, volume, and penetration.
• Temperature Monitoring Devices Market growth projections.
• Detailed description on development policies and plans.
• Analytical study on drivers, restraints, opportunities, hindrances, inadequacies, challenges and strengths.
• In-depth analysis of the degree of competition across the globe.

What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Temperature Monitoring Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyse the growth of the key players operating in the market.

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sales@marketinsightsreports.com | irfan@marketinsightsreports.com

ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

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