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What Is The Expected Total Market Size Of The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Industry By The Forecast Year 2029?
The market encompassing devices and apparatus for tracking body mass and core temperature has experienced robust expansion recently, projected to ascend from a value of $5.85 billion in 2024 to $6.23 billion the subsequent year, registering a compound annual growth rate (CAGR) of 6.6%; this preceding period’s upward trajectory is associated with increased consciousness around maternal and infant well-being, broader availability of medical services, instances of complicated pregnancies, and the expanding use of telemedicine alongside remote surveillance technologies.
Significant expansion is anticipated for the market encompassing devices and apparatus designed for monitoring body weight and temperature, projecting its valuation to reach $8.32 billion by 2029, driven by a compound annual growth rate (CAGR) of 7.5% over the coming years while numerous growth factors fuel this expansion during the projection timeline, such as the development observed in upcoming markets, the shift towards individualized healthcare approaches, a rise in the incidence of premature births, and the increasing adoption of value-based healthcare models; concurrently, key developments shaping this sector moving forward involve non-intrusive monitoring methodologies, the proliferation of monitoring technology that can be worn or utilized at home, the integration of artificial intelligence and machine learning capabilities, and heightened attention toward safeguarding data security and individual privacy.
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What Are The Main Drivers Boosting The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Industry’s Expansion?
A significant factor fueling the expansion of the market for weight and body temperature monitoring apparatus and instruments is the escalating rate of obesity. Global figures from the World Health Organization (WHO) indicate that 1.9 billion adults worldwide are currently classified as overweight, with an additional concern regarding over 340 million children aged 5 to 19 years globally also falling into the overweight category. Since weight monitoring technology can effectively prompt individuals toward adherence to prescribed dietary regimens or tracking their physical activity levels as a means to mitigate the surge in obesity, this directly stimulates the requirement for such monitoring tools, thereby propelling the overall market growth for both weight and body temperature monitoring devices and equipment.
How Is The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Market Segmented?
The weight monitoring and body temperature monitoring devices and equipmentmarket covered in this report is segmented –
1) By Type: Weight Monitoring Devices, Temperature Monitoring Devices
2) By Temperature Monitoring Devices: Table Top Temperature Monitoring Devices, Hand Held Temperature Monitoring Devices, Wearable Continuous Monitoring Thermometers, Temperature Monitoring Sensors And Smart Temperature Patches
3) By End User: Hospitals And Clinics, Home Settings, Ambulatory Surgical Centers
Subsegments:
1) By Weight Monitoring Devices: Digital Weighing Scales, Analog Weighing Scales, Smart Scales (With Health Tracking Features), Infant Weighing Scales, Bariatric Scales (For Obese Patients)
2) By Temperature Monitoring Devices: Digital Thermometers, Infrared Thermometers (Contactless), Smart Wearable Temperature Monitors, Mercury-In-Glass Thermometers, Tympanic (Ear) Thermometers
What Trends Are Expected To Drive The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Market?
Wearable technology signifies a notable trend dominating the landscape for devices and apparatuses focused on tracking body weight and temperature regulation. Major corporations including Apple, Google, and Samsung are directing substantial capital toward advancing the investigation and creation of these wearable items. These sophisticated devices incorporate advanced sensors engineered to precisely gauge and keep tabs on the wearer’s body heat and mass. A steady stream of novel offerings emerges within this device segment; consider Blue Spark’s Temp Traq, which functions as a dedicated wearable for temperature surveillance, and similarly, the Fitbit wearable facilitates ongoing weight measurement and monitoring.
Which Global Market Leaders Are Shaping The Future Of The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Sector?
Major companies operating in the weight monitoring and body temperature monitoring devices and equipment market include Philips Healthcare, Medtronic plc, GE HealthCare Technologies Inc., Abbott Laboratories, 3M, Nihon Kohden, Omron Healthcare, Siemens Healthcare, Honeywell International Inc., Infinium Medical Inc., Roche Diagnostics Limited, Procter & Gamble, American Diagnostic Corporation, Masimo Corporation, Terumo Medical Corporation, Microlife Corporation, Becton Dickinson and Co, C R Bard Inc., Cyberonics Inc., Reflectance Medical Inc., Johnson and Johnson, LifeSource, Biome, Drägerwerk AG & Co. KGaA, Briggs Healthcare, Cosinuss GmbH, Vital Connect inc., EarlySense, VivaLNK, Blue Spark Technologies
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Which Region Is Expected To Witness The Fastest Growth In The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Market?
Asia-Pacific was the largest region in the global weight monitoring and body temperature monitoring devices and equipment market in 2024. North America was the second-largest region in the weight monitoring and body temperature monitoring devices and equipment market share. The regions covered in the weight monitoring and body temperature monitoring devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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