What Is The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Market Overview In 2022?
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The weight monitoring and body temperature monitoring devices and equipment market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!
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The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Market Size In 2022 And Forecast
The global weight monitoring and body temperature monitoring devices and equipment market grew from $6.97 billion in 2021 to $7.99 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. 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 weight monitoring and body temperature monitoring devices and equipment market is expected to grow to $12.25 billion in 2026 at a CAGR of 11.3%.
The weight monitoring and body temperature monitoring devices and equipment market consist of sales of weight monitoring and body temperature monitoring devices and related services.
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Rise In The Prevalence Of Obesity Is Driving The Growth Of The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Market
According to the World Health Organization (WHO), 1.9 billion adults around the globe were diagnosed, as overweight, and also over 340 million children of 5 to 19 years across the globe were overweight. To curb the increase of obesity, weight monitoring devices can play a vital role by reminding the user to follow a certain diet or monitor the exercising habits of the individual. Thereby driving the demand for weight monitoring devices, thus driving the market growth.
Competitive Landscape And The Regional Analysis Of The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Market
Major players in the weight monitoring and body temperature monitoring devices and equipment market are Philips Healthcare, Medtronic, GE Healthcare, Abbott Laboratories, 3M, Nihon Kohden, Omron Healthcare, Siemens Healthcare, Honeywell International Inc, and Infinium Medical.
Additionally, as per TBRC’s research – Asia Pacific was the largest region in the weight monitoring and body temperature monitoring devices and equipment market in 2021 holding the largest market share.
The Weight Monitoring And Body Temperature Monitoring Devices And Equipment 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 weight monitoring and body temperature monitoring devices and equipment 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 weight monitoring and body temperature monitoring devices and equipment market.
Investing In The Research And Development Of Wearables – A Key Trend In The Weight Monitoring And Body Temperature Monitoring Devices And Equipment Market
The use of wearables is a trend that is prevalent in the weight monitoring and body temperature monitoring devices and equipment market. Many companies such as Apple, Google, and Samsung are investing in the research and development of wearables. The wearables have high-end sensors attached to them, which measures and monitors body temperature and weight. Various new products are launched in the wearable category.
Weight Monitoring And Body Temperature Monitoring Devices And Equipment Market Segmentation By The Business Research Company
1) By Type: Weight Monitoring Devices, Temperature Monitoring Devices
2) By End User: Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers
3) By Temperature Monitoring Devices: Table Top Temperature Monitoring Devices, Hand Held Temperature Monitoring Devices, Wearable Continuous Monitoring Thermometers, Temperature Monitoring Sensors & Smart Temperature Patches
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