The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s temperature monitoring devices market report forecasts the temperature monitoring devices market size to grow to $5.45 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Temperature Monitoring Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/temperature-monitoring-devices-global-market-report

Temperature Monitoring Devices Market Size Forecast
The global temperature monitoring devices market is expected to grow from $3.39 billion in 2022 to $3.77 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global temperature monitoring devices market size is expected to grow to $5.45 billion in 2027 at a CAGR of 9.7%.

North America held the largest temperature monitoring devices market share.

Key Temperature Monitoring Devices Market Driver ­– Increase In The Prevalence Of Chronic And Infectious Diseases
Certain infectious diseases like Dengue, Zika, Malaria, Ebola require continuous monitoring of temperature to give appropriate treatment and save lives. Also, the temperature of patients with other chronic diseases such as cardiovascular diseases and kidney-related diseases has to be monitored continuously, especially when they are hospitalized as temperature monitoring gives an overview of their body functioning. Most recently, the COVID-19 pandemic has more than 19,365,157 active cases around the globe, and increased body temperature is one of the main symptoms of this disease, causing the demand for temperature monitoring devices to increase by several folds. Therefore, the prevalence of chronic and infectious diseases is expected to propel the market growth of temperature monitoring devices during the forecast period.

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Key Temperature Monitoring Devices Market Trend – Manufacturing Of Wearable Temperature Monitoring Devices
The companies in the temperature monitoring devices market are focusing on the manufacturing of wearable temperature monitoring devices. The wearable thermometer is a digital thermometer that measures the temperature by using a medium like a touch patch. It is connected to smart devices like phones, tablets, and laptops and allows continuous monitoring of temperatures. Products like the fit bit, apple watch, temperature strips, temperature patches are wearable temperature monitoring devices that are widely used for monitoring temperature. In December 2020, Celsium, a UK-based temperature monitoring device manufacturer launched world’s most accurate wearable thermometer. The new offering is 10X more accurate and has online platform support to take readings every four seconds and alert user when temperature rises.

Temperature Monitoring Devices Market Segment
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

Temperature Monitoring Devices Market Major Players and Strategies
Major players in the temperature monitoring devices market are 3M Company, Drägerwerk AG & Co. KGaA, Cosinuss GmbH, Helen of Troy Limited, Koninklijke Philips N.V., Microlife Corporation, Omron Healthcare, Terumo Corporation, Welch Allyn, Inc., and C. R. Bard.

The Temperature Monitoring Devices Global Market Report 2023 covers regional data on temperature monitoring devices market size, temperature monitoring devices market trends and drivers, opportunities, strategies, and temperature monitoring devices market competitor analysis. The countries covered in the temperature monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Temperature monitoring devices are the systems that control and regulate the temperature of a particular environment. They are used to track, control, and regulate the products’ temperature in a specific environment.

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