Press release
Global Temperature Monitoring Devices Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Temperature Monitoring Devices
What Is the Temperature Monitoring Devices Market Size and Projected Growth Rate?
The temperature monitoring devices market has experienced significant growth. It will grow from $1.62 billion in 2024 to $1.72 billion in 2025, at a compound annual growth rate (CAGR) of 6.4%. This growth is attributed to rising manufacturing activity, stricter regulations for product quality, increasing demand for digital thermometers, economic growth in emerging markets, and the rising incidence of chronic diseases.
The temperature monitoring devices market is projected to grow strongly, hitting $2.18 billion by 2029 at a CAGR of 6.1%. Growth stems from strategic adoption, increased system demand, air temperature regulation needs, wireless monitoring, and rising healthcare spending. Major trends include innovation, contactless temperature tools, environmental considerations, and AI-driven features.
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What Are the Major 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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What Are The Driving Temperature Monitoring Devices Market Evolution?
The temperature monitoring devices market saw considerable expansion due to the COVID-19 pandemic. Monitoring body temperature became essential for identifying potential cases in places like hospitals, airports, and homes, making these devices crucial during initial assessments and ongoing care for infected individuals.
Which Firms Dominate The Temperature Monitoring Devices Market Segments?
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
What Trends Are Driving Growth in The Temperature Monitoring Devices Market?
The high cost of advanced temperature monitoring devices is a barrier to growth in the temperature monitoring devices market. Thermometers can cost anywhere from $1 to $114, with high prices driven by the expensive sensors used. This presents a challenge for low-income regions like Africa, South America, and parts of Asia, hindering the market's expansion.
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Which Is The Largest Region In 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Temperature Monitoring Devices Market?
2. What is the CAGR expected in the Temperature Monitoring Devices Market?
3. What Are the Key Innovations Transforming the Temperature Monitoring Devices Industry?
4. Which Region Is Leading the Temperature Monitoring Devices Market?
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