Body Temperature Monitoring Market - Growth, Trends, and Forecast (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||660534|
|出版日期||內容資訊||英文 114 Pages
|體溫監測設備的全球市場:各產品、用途、終端用戶、地理的成長率，趨勢及預測(2018年∼2023年) Body Temperature Monitoring Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日期: 2019年04月01日||內容資訊: 英文 114 Pages||
The body temperature monitoring market was valued at USD 828.69 million in 2018, and it is expected to reach USD 1,132.06 million by 2024, with an anticipated CAGR of 5.38%, during the forecast period, 2019-2024.
Body temperature monitoring device is a common temperature measuring tool used in daily life. It is crucial for ensuring safe and efficient patient care.
Oral Cavity is Expected to Register the Highest CAGR in the Application Segment
Oral cavity is found to be the most accessible and is highly believed to provide the best estimation of the core body temperature. Oral cavity is found to be the most common site for measuring body temperature, by local sensors. Eating and drinking may affect the accuracy, while measuring oral temperature. The thermometers are placed inside the mouth, under the tongue, and such readings can be inaccurate. The oral cavity temperature is measured by placing the thermometer posteriorly into the sublingual pocket, as it is very close to the sublingual arteries, which track the changes in the core body temperature.
In addition, there are advantages and disadvantages associated with the oral thermometers. Accessibility and convenience are considered to be the advantages offered by these devices. The chance for these devices breaking into pieces, if bitten, and recording inaccurate temperature, if the person has ingested food or fluid, or has smoked, are the disadvantages of these devices. Hence, all the aforementioned factors are expected to lead to a steady growth of the market.
North America Dominates the Market and is Expected to Continue the Same during the Forecast Period
North America currently dominates the market for body temperature monitoring, and is expected to continue its dominance for a few more years. This region is expected to increase its market share in the future, owing to the increased adoption of body temperature monitoring devices. The United States holds majority of the market in the North American region, due to the rising cases of flu. For instance, according to the Centers for Disease Control and Prevention, 5%-20% of the US population suffer from flu each year, which increases the outpatient visits by around 31.4 million, annually. Thus, this statistics implies the huge demand for body temperature monitoring devices. Additionally, as per the American Hospital Association, there were more than 36.5 million admissions to hospitals in 2017. This huge number denoted the requirement for body temperature monitoring devices, and therefore, was as a driving factor to the market.
The body temperature monitoring market is highly competitive and consists of several major players, indicating a fragmented market scenario. Although the market is quite fragmented in nature, there are some leading players, such as 3M Company, Welch Allyn Inc., Omron Corporation, and Hicks Thermometers Limited, among others, operating in the market studied. The market is largely driven by the advancements in technology and innovation in products.