Biomedical Temperature Sensors Market Revenue, Status and Outlook 2021 to 2025: TE Connectivity Ltd, Amphenol Advanced Sensors, Weed Instrument Co., Smiths Medical Inc.

The Biomedical Temperature Sensors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The biomedical temperature sensors market was valued at USD 6.17 billion in 2019, and it is expected to reach a value of USD 8.36 billion by 2025, projecting a CAGR of 5.18% during the forecast period (2020-2025). 

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Competitive Landscape:

Top Companies: TE Connectivity Ltd, Amphenol Advanced Sensors, Weed Instrument Co., Smiths Medical Inc., Minco Products Inc., LumaSense Technologies Inc., Dwyer Instruments Inc., Analog Devices Inc., Texas Instruments Incorporated, Pyromation Inc.

Market Overview:

- Over the past few years, the demand for biomedical temperature sensors has been increasing, along with rising application in the healthcare sector. This is due to an increase in investment by government to have safe and reliable healthcare infrastructure in place.
- Temperature sensors are critical in the healthcare industry, as they are used in painless or anesthesia-driven surgeries, life-supporting machines, dialysis of failed kidneys, analyzing blood information, oxygen temperature measurement for life support systems, temperature monitoring for neonatal and patients in critical care, digital temperature measurement, organ transplants monitoring, and many more sub-optimal surgeries.
- Temperature sensors can be used for measuring not only temperature, but also a number of other physical parameters. They are often applied in calorimetric flow sensors, i.e., for measuring blood or respiratory airflow. Skin blood flow (SBF) or skin perfusion is a complex phenomenon that occurs in capillaries.

Industry News and Updates:

- September 2018 - TE Connectivity launched the online TE Store, which offers customers the option to purchase featured products direct via TE.com or through select distributors, along with instant access to product pricing, daily updates on product availability, and flexible shipping and delivery options.

Key Market Trends:

North America is Expected to Lead the Market
- Due to increasing need for medical services in the United States, North America is expected to experience lucrative growth, as the medical sensor providers are focusing on developing high value-add equipment catering to the rising needs. On the other side, stringent government guidelines across the region, along with the growing healthcare sector, are expected to trigger the growth of the market in this region.
- The US health expenditure increased by 5.3% in 2018, reflecting growing prices of medical goods and services and higher medicaid costs. The increase represents a sharp turn from 2017 spending, which the US Centers for Medicare and Medicaid Services (CMS) agency, in 2018, estimates to have been a 4.6% increase, to nearly USD 3.5 trillion.

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What are the market influences 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 Biomedical Temperature Sensors 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 analyze the growth of the key players operating in the market.

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