Body Temperature Monitoring Market Expected to Reach $3.43 Billion by 2030

According to a new report published by Allied Market Research, titled, “Body Temperature Monitoring Market by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030," the global body temperature monitoring market size was valued at $1,463 million in 2020, and is projected to reach $3,428 million by 2030, registering a CAGR of 8.2% from 2021 to 2030.  

Body temperature monitoring allows healthcare professionals to measure acute illness, infection, inflammation, and antigenic responses. Body temperature monitoring also helps in characterizing diseases and analyzing the effectiveness of treatment. Moreover, it can be performed by devices on different body areas, such as oral cavity, ear, rectum, armpit, and forehead. There are two types of body temperature monitoring devices such as contact thermometers and non-contact thermometers. Contact thermometers include digital thermometers, disposable thermometers, infrared ear thermometers, mercury thermometers, IR temporal artery thermometers, body temperature monitoring pills, clinical electronic thermometer, and others.

Rise in infectious conditions such as COVID-19, swine flu, and Ebola, increase in preference of digital thermometers and non-contact thermometers, rise in demand of body temperature monitoring products in hospitals & clinics and home settings, rise in geriatric population suffering from chronic diseases, rise in awareness related to new body temperature monitoring products in COVID-19 pandemic, and technological advancements in body temperature monitoring products are the major factors that boost growth of the market. In addition, increase in number of initiatives and enhanced investments from governments for overall research and development of body temperature monitoring products and rise in adoption of digital thermometer aids in giving more accurate & faster result further boost growth of the market. However, poor demand in underdeveloped countries is expected to hamper the market growth during the forecast period. Conversely, high body temperature monitoring market growth potential in emerging markets is expected to offer lucrative opportunities during the forecast period.

Coronavirus (COVID-19) was discovered in late December in Hubei province of Wuhan city in China. The disease is caused by a virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted from humans to humans. Companies are manufacturing body temperature monitoring devices are at the peak of capturing maximum shares, owing to the outbreak of the COVID-19 pandemic. Primary testing carried out for the disease being the monitoring of body temperature, results in increase in demand for devices used for the disease. Moreover, industries are focusing on R&D of thermometers, which are digital and mainly non-contact type for use during the pandemic situation. Therefore, the industry is expected to experience a lucrative growth in the coming years.

On the basis of product, the body temperature monitoring market is categorized into contact thermometers and non-contact thermometers. The contact thermometers segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. The key factors such as contact thermometers can covers the wide temperature range and it detects accurate temperature technological advancements in contact thermometers, rise in the prevalence of infectious diseases and other medical conditions such as dengue and malaria, increase in awareness about the significance of contact thermometers, and availability of advanced disposable thermometers drives the growth of the market.  

On the basis of end user, the body temperature monitoring market is categorized into hospitals & clinics, home settings, and others. The hospitals & clinics segment is anticipated to depict significant growth during the forecast period due to hospitals & clinics provides advanced treatment options for patients suffering from chronic and infectious diseases, increase in usage of novel body temperature monitoring devices in hospitals & clinics, and surge in number of government initiatives to ensure high degree infectious diseases prevention measures boost growth of the hospitals & clinics segment.

Key Findings Of The Study

• Based on product, the contact thermometers segment held largest body temperature monitoring market share in 2020, and is expected to remain dominant throughout the forecast period.
• On the basis of application, the oral cavity segment held largest market share in 2020 and is expected to remain dominant throughout the forecast period.  
• On the basis of end user, the hospitals & clinics segment held largest body temperature monitoring market share in 2020 and is expected to remain dominant throughout the forecast period. 
• Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 9.0% during the forecast period.

In 2020, North America accounted for the major share in the body temperature monitoring market, owing to increase in well-developed healthcare industry, presence of leading manufacturers in the region and high adoption rate of advanced body temperature monitoring devices. However, Asia-Pacific is projected to register the fastest growth during the forecast period, owing to increase in number of geriatric populations, rise in people suffering from infectious diseases, and increase in public awareness regarding importance of body temperature monitoring as it is a best way to detect infections prior to clinical diagnosis.