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The temperature monitoring devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!

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The Temperature Monitoring Devices Market Size In 2022 And Forecast
The global temperature monitoring devices market grew from $2.98 billion in 2021 to $3.37 billion in 2022 at a compound annual growth rate (CAGR) of 13.0%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The temperature monitoring devices market is expected to grow to $4.87 billion in 2026 at a CAGR of 9.7%.

The temperature monitoring devices market consists of sales of temperature monitoring devices and related services which are used to measure the temperature of a person or patient’s body.

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Increase In The Prevalence Of Chronic And Infectious Diseases Is Driving The Growth Of The Temperature Monitoring Devices Market
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.

Competitive Landscape And The Regional Analysis Of The Temperature Monitoring Devices Market
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 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the temperature monitoring devices market.

Wearable Temperature Monitoring Devices – A Key Trend In The Temperature Monitoring Devices Market
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.

Temperature Monitoring Devices Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The Temperature Monitoring Devices Market –

Temperature Management Global Market Report 2022

Patient Monitoring Devices Global Market Report 2022

Weight Monitoring And Body Temperature Monitoring Devices And Equipment Global Market Report 2022

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