Global Temperature Monitoring Devices Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

5 Nov, 2021

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 patients' body. The market consists of revenue generated by the companies who are manufacturing temperature monitoring devices.

Global Temperature Monitoring Devices Market Size And Drivers:

The global temperature monitoring devices market is expected to decline from $1.61 billion in 2020 to $1.50 billion in 2021 at a compound annual growth rate (CAGR) of -6.8%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The temperature monitoring devices market is expected to reach $1.84 billion in 2025 at a CAGR of 5.2%. Temperature monitoring devices market is experiencing a massive growth due to the COVID-19 pandemic.

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Trends In The Global Temperature Monitoring Devices Market

The companies in the temperature monitoring devices market are focusing on the manufacturing of wearable temperature monitoring devices. Wearable thermometer is a digital thermometer which measures the temperature by using medium like touch, patch. It is connected to smart devices like phones, tablets, laptops and allows continuous monitoring of temperatures. Products like fit bit, apple watch, temperature strips, temperature patches are wearable temperature monitoring devices that are widely used for monitoring temperature. On June 2019, IWEECARE, a Taiwan-based digital health start-up, received regulatory approval for selling Temppal, a convenient patch of wearable Bluetooth enabled temperature monitoring devices.

Global Temperature Monitoring Devices Market Segments:
The global temperature monitoring device market is further segmented –
By Type: Contact-Based Temperature Monitoring Systems, Non-Contact-Based Temperature Monitoring Systems
By Application: Oral Cavity, Rectum, Ear, Others
By End User: Hospital and Surgical Centers, Nursing Facilities, Ambulatory Care Centers, Home Care, Others
By Geography: The global temperature monitoring market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Temperature Monitoring Devices Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides temperature monitoring devices market overviews, analyzes and forecasts market size and growth for the global temperature monitoring devices market, temperature monitoring devices market share, temperature monitoring devices market players, temperature monitoring devices market segments and geographies, temperature monitoring devices market’s leading competitors’ revenues, profiles and market shares. The temperature monitoring devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.