Press release
Comprehensive Temperature Monitoring Devices Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Temperature Monitoring Devices Global Market Report 2025
The market size of temperature monitoring devices has seen robust growth in recent years. It is projected to increase from $1.62 billion in 2024 to $1.72 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.4%. The historical growth can be linked to factors like booming manufacturing activities, rigorous regulations ensuring product quality, the escalating demand for digital thermometers, solid economic growth in burgeoning markets and a surge in chronic disease cases.
The market for temperature monitoring devices is projected to witness substantial growth in the upcoming years, escalating to a value of $2.18 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. This growth during the projection period is due to the increasing implementation of strategies, a rising demand for these monitoring systems, the need to maintain air temperature in a regulated setting, an increase in the need for wireless temperature monitoring systems, and heightened health care spending. Key trends for the forecast period consist of product innovation, technological advancements, increased demand for non-contact temperature processes, heightened environmental consciousness, and the application of artificial intelligence.
What Is Stimulating Growth in the Temperature Monitoring Devices Market?
The market for temperature monitoring devices is witnessing significant expansion owing to the COVID-19 pandemic. Temperature checks on people or suspected patients form the initial diagnostic method for COVID-19, implemented in a variety of settings such as airports, workplaces, clinics, hospitals, and homecare. Moreover, it is essential to monitor the critical indicators of the infected patients in both hospital and home settings, serving as a preliminary assessment to monitor the progression of the infection.
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Which Key Market Leaders Are Driving Temperature Monitoring Devices Industry Growth?
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 dic*kinson 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
What Are the Emerging Trends in the Temperature Monitoring Devices Industry?
The temperature monitoring devices market could be hampered by the elevated price of sophisticated temperature monitoring instruments. Thermometers average in price from US$1 to US$114. The high expense of these devices stems from the pricey sensors incorporated into them. This cost proves prohibitive for economically less developed nations including Africa, South America, and multiple Asian countries. Therefore, the steep price of temperature monitoring devices is acting as a roadblock to the market's expansion.
What Are the Main Segments in the Temperature Monitoring Devices Market?
The temperature monitoring devices market covered in this report is segmented -
1) By Type: Contact-based Temperature Monitoring Systems, Non-Contact-based Temperature Monitoring System
2) By Application: Oral Cavity, rectum*, Ear, Other Applications
3) By End User: Hospital And Surgical Centers, Nursing Facilities, Ambulatory Care Centers, Home Care, Other End Users
Subsegments:
1) By Contact-based Temperature Monitoring Systems: Thermocouples, Resistance Temperature Detectors (RTDs), Thermistors, Bimetallic Temperature Sensors
2) By Non-Contact-based Temperature Monitoring Systems: Infrared Thermometers, Infrared Sensors, Thermal Cameras, Radiation Pyrometers
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Which Geographic Area Leads the Temperature Monitoring Devices Market?
North America was the largest region in the temperature monitoring devices market in 20232. Western Europe was the second largest region in the temperature monitoring devices market. The regions covered in the temperature monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Temperature Monitoring Devices Global Market Report?
- Market Size Analysis: Analyze the Temperature Monitoring Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Temperature Monitoring Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Temperature Monitoring Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Temperature Monitoring Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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