Temperature Monitoring Devices Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region |3M Company, Drägerwerk AG & Co. KGaA, Cosinuss GmbH, Helen of Troy Limited, Koninklijke Philips N.V., Microlife Corporation, Omron Health

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Temperature Monitoring Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The temperature monitoring devices market size has grown rapidly in recent years. It will grow from $3.87 billion in 2023 to $4.33 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to rising manufacturing activity, stringent regulations to ensure product quality, growing demand for digital thermometers, strong economic growth in emerging markets and rise in incidence of chronic diseases.

The temperature monitoring devices market size is expected to see rapid growth in the next few years. It will grow to $6.55 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to increasing adoption of strategies, growing demand for temperature monitoring systems, maintenance of air temperature in a controlled environment, rising demand for wireless temperature monitoring systems and rising healthcare expenditure. Major trends in the forecast period include product innovation, advancements in technology, growing demand for non-contact-based temperature, growing environmental awareness and use of artificial intelligence.

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Market Segmentation:
The main types of temperature monitoring devices are contact-based temperature monitoring systems, and non-contact-based temperature monitoring systems. The non-contact-based temperature monitoring systems are used to measure the temperature of a person's or patient's body without being in contact with the object. The various applications involved are the oral cavity, , ear, and others. The end-users involved are hospitals and surgical centres, nursing facilities, ambulatory care centers, home care, and others.

Major Driver - Temperature Monitoring Devices Market Surges Amidst Covid-19 Demand
The temperature monitoring devices market is experiencing 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 types 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.

Competitive Landscape:
Major companies operating in the temperature monitoring devices market include 3M Company, Drägerwerk AG & Co. KGaA, Cosinuss GmbH, Helen of Troy Limited, Koninklijke Philips N.V., Microlife Corporation, Omron Healthcare Co. Ltd., Terumo Corporation, Welch Allyn Inc., C. R. Bard Inc., Measurement Specialties Inc., Circa Scientific LLC, NOVAMED USA, Truer Medical Inc., Med-link Electronics Tech Co. Ltd., Rongrui (Shanghai) Technology Development Co. Ltd., Exsense Medical Technology Corporation, Medtronic plc, Becton Dickinson and Company, Medline Industries Inc., Amphenol Corporation, Egate Smart Building Innovation's Inc., Silicon Laboratories Inc., Shinyei Capacitor Co. Ltd., Energy Service Company, Technosoft Solutions India Pvt Ltd., Securitas Healthcare, ABB Ltd., DeltaTRAK Inc., Emerson Electric Co., Fluke Corporation

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Top Trend - High Costs Impede Temperature Monitoring Device Market Growth
The high cost of advanced temperature monitoring devices may hinder the growth of the temperature monitoring devices market. The average cost of thermometers ranges from US$1 to US$114. The high cost of these devices is due to the high costs of sensors used in them. This is a high amount for low-economic countries such as Africa., South America and several Asian countries. Thus, the high cost of temperature monitoring devices is hindering the temperature monitoring devices market growth.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Temperature Monitoring Devices Market Characteristics
3. Temperature Monitoring Devices Market Trends And Strategies
4. Temperature Monitoring Devices Market - Macro Economic Scenario
5. Temperature Monitoring Devices Market Size And Growth
…..
27. Temperature Monitoring Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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