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Body-Worn Temperature Sensors Market with a 42.2% and 40.6% Share in Terms of Value and Volume, Global Researcher Agree
Compactness and Portability to Fuel Adoption of Wearable Temperature Sensor DevicesBody-worn temperature sensors are widely used for monitoring body temperature and diagnosis of complex diseases, thus driving their demand. People of different age groups have started using temperature-sensor-based wearable medical devices to diagnose and self-monitor long term diseases. Increasing concerns regarding chronic diseases have ensured high adoption of body-worn temperature-sensor-based wearable medical devices. Moreover, the compactness and portability of these devices have also boosted their acceptance.
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The application areas of body-worn temperature sensors are expected to grow in the future, with the further development of these devices. Thus, the scope of these devices is expected to widen beyond fitness, healthcare, wellness, and medical sectors.
High Cost of Wearable Temperature Sensors Dampen Demand
The major factor hampering the adoption rate of body-worn temperature-sensor-based devices is their high cost. These devices remain unaffordable for the middle class people. However, the high price of these devices is expected to have a lower impact in the near future, predicts a TMR analyst.
Wearable temperature sensor devices is a new technology, which is yet to gain full acceptance across the globe. Currently, consumers do not regard body-worn temperature sensors a necessity for monitoring health, thus affecting adoption rates.
Opportunity for Small Players Lies in Development of Low-priced, Compact Devices
The current body-worn temperature sensors market is led by a few established players. However, small players will have enormous opportunities to emerge in the market in the coming years. These small players are expected to develop compact products. Additionally, the price of wearable temperature sensors is likely to drop, with an increase in the number of players entering the competition. Technologically advanced, compact, and cheaper devices are expected to have an increased audience, thus propelling the growth of the market.
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