20-Aug-2021 | Zion Market Research
The global Temperature Monitoring Devices market accounted for USD 2.83 Billion in 2020 and is expected to reach USD 3.63 Billion by 2028, growing at a CAGR of 3.1% from 2021 to 2028.
The report covers forecast and analysis for the temperature monitoring devices market on a global and regional level. The study provides historical data from 2016 along with a forecast from 2021 to 2028 based revenue (USD Billion). The study includes drivers and restraints for the temperature monitoring devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the temperature monitoring devices market on a global level.
In order to give the users of this report a comprehensive view of the temperature monitoring devices market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, where the product, technique, application, distribution channel and regional segmentation are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new Product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the market on the global and regional basis.
The study provides a decisive view of the temperature monitoring devices market by segmenting the market based on product, technique, application, distribution channel and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028.
Based on product, temperature monitoring devices market is segmented as tabletop temperature monitoring devices, handheld temperature monitoring devices, wearable continuous monitoring thermometers and temperature monitoring sensors & smart temperature patches. Tabletop temperature monitoring devices are further segmented as non-invasive vital signs monitoring devices and continuous core body temperature monitoring devices. Also, hand-held temperature monitoring devices are further subcategorized into digital thermometers and infra-red aural thermometers. Based on techniques, Temperature Monitoring Devices Market has been segmented into invasive and non-invasive.
Based on application, temperature monitoring devices market is segmented as clinical and wellness. Based on distribution channel, temperature monitoring devices market is segmented into institutional sales and retail sales. The market is further sub-segmented on the basis of institutional sales as hospitals, clinics, skilled nursing facilities, long-term care centers, and ambulatory care centers. And on the basis of retail sales market is further divided into retail pharmacies, drug stores, and online sales.
Worldwide advancements in wearable and other technological advancements coupled with, improving healthcare infrastructure in various emerging economies are the major driving factors of Temperature Monitoring Devices Market. Lack of awareness in developing nations and high cost associated with these devices may restrain the market growth during the forecast period.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including the U.S., Canada, Mexico, Germany, Spain, Italy, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for temperature monitoring devices market based on individual segment and applications in all the regions and countries.
North America is projected to dominate the worldwide temperature monitoring devices market, owing to rising health awareness and the increasing base of the geriatric population within the region. The key factors are liable for the massive share of this regional segment. However, Europe also has immense potential for expansion, due to the rising awareness among the patients. The Asia Pacific is additionally expected to expand at a substantially high rate; in Countries like China and India, many hospitals have shifted towards digital thermometers replacing mercury-based thermometers.
The report also includes detailed profiles of end players such as 3M Company, Omron Healthcare, Koninklijke Philips N.V., Terumo Corporation, Helen of Troy Limited, Cosinuss GmbH, Drägerwerk AG & Co. KGaA, C.R. Bard, Welch Allyn, Inc., Microlife Corporation, and Briggs Healthcare among others.
Browse the full “Temperature Monitoring Devices Market By Product (Table Top Temperature Monitoring Devices, Hand Held Temperature Monitoring Devices, Non-Invasive Vital Signs Monitoring Devices, Continuous Core Body Temperature Monitoring Devices, Digital Thermometers, Infra-Red Aural Thermometers, Wearable Continuous Monitoring Thermometers, Temperature Monitoring Sensors And Smart Temperature Patches), By Technique (Invasive And Non-Invasive), By Distribution Channel (Clinical And Wellness), By Distribution (Institutional Sales, Hospitals, Clinics, Skilled Nursing Facilities, Long Term Care Centers, Ambulatory Care Centers, Retail Sales, Retail Pharmacies, Drug Stores And Online Sales), And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028 .” Report at https://www.zionmarketresearch.com/report/temperature-monitoring-devices-market
The global Temperature Monitoring Devices Market market is segmented as follows:
By Distribution Channel
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