BODY TEMPERATURE MONITORING MARKET ANALYSIS

The global body temperature monitoring market was valued at US$ 1,016.1 Mn in 2022 and is forecast to reach a value of US$ 1,576.9 Mn by 2030 at a CAGR of 5.7% between 2023 and 2030. The global body temperature monitoring market is experiencing strong growth owing to the increasing prevalence of infectious diseases and growing geriatric and pediatric population around the world. Moreover, increasing demand for temperature monitoring devices and the outbreak of COVID-19 is expected to boost the market growth. However, factors such as concerns about the use of infrared thermometers and issues related to rectal thermometers are expected to hamper the growth of the global body temperature monitoring market.

Global Body Temperature Monitoring Market: Regional Insights

Based on geography, the global body temperature monitoring market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period due to the rising incidence of infectious diseases, growing geriatric and pediatric population, increasing demand for temperature monitoring devices, and increasing awareness among people in the region. For instance, outbreak of highly infectious diseases is resulting in increasing demand for temperature monitoring devices in medical settings. Moreover, with the growing geriatric and pediatric population in the U.S., the demand for temperature monitoring devices is also increasing, as this population is prevalent to diseases such as fever, sour throat, and cold & cough. 

Europe and Asia Pacific are also expected to witness robust growth in the global body temperature monitoring market owing to the increasing prevalence of infectious diseases, growing geriatric and pediatric population, and increasing demand for advanced temperature monitoring devices in these regions. For instance, according to the European Union (EU), in 2022, more than one fifth (21 %) of the EU population was aged 65 and over. The median age of the EU's population is increasing and was 44.4 years on January 2022, which means that half of the EU's population was older than 44.4 years. This in turn is expected to augment the market growth.

Figure 1. Global Body Temperature Monitoring Market Share (%), by Region, 2023

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Global Body Temperature Monitoring Market Drivers:

Rising incidence of infectious diseases to propel market growth

One of the key factors expected to augment the growth of the global body temperature monitoring market over the forecast period is the increasing prevalence of infectious diseases across the world. For instance, the spread of highly infectious diseases is increasing in the demand for temperature monitoring devices worldwide. In July 2022, the World Health Organization (WHO) reported that WHO Global Influenza Surveillance and Response System (GISRS) laboratories tested more than 317,198 specimens obtained from in 99 countries from December 27, 2021 to January 9, 2022. Of which, 16,862 people were positive for influenza viruses.

Growing geriatric & pediatric population to drive market growth

Another factor which is driving the growth of the global body temperature monitoring market is the growing geriatric and pediatric population worldwide. For instance, with the growing geriatric and pediatric population, the demand for temperature monitoring devices is also increasing, as this population is more prevalent to disease, such as fever, sour throat, and cold & cough. India is home to largest number of children in the world. According to the World Health Organization (WHO), one in six people in the world will be aged 60 years or over by 2030, and the world’s population of people aged 60 years and older will double (2.1 billion) by 2050.

Global Body Temperature Monitoring Market Opportunities:

High demand for temperature monitoring devices across the globe is expected to offer significant growth opportunities for players in the global body temperature monitoring market. For instance, with the increasing prevalence of infectious diseases, the demand for advanced/digital temperature monitoring devices is also increasing rapidly. In July 2021, Hicks announced the launch of Hicks DT-12 Digital Thermometer, which comes with extraordinary features such as memory, a beeper, and an automatic shut-off facility. Hicks new Digital Thermometer provides accurate temperature and can be used orally, rectally, under the arm.

The outbreak of COVID-19 across the world is expected to offer significant growth opportunities for players in the body temperature monitoring market. For instance, in June 2021, iWEECARE Co., Ltd. announced the launch of the Temp Pal Medical Pandemic Prevention Support Program to help medical facilities implement a ‘Remote Zero-Touch Temperature Monitoring System. This system monitors body temperature readings of hundreds of patients at the time, not only allowing remote detection of dangerous fevers in COVID-19 patients, but also significant reductions in virus exposure and infection risk to medical workers.

Global Body Temperature Monitoring Market Trends:

Increasing demand for rectal devices is a recent trend

A temperature taken in the rectum is the closest way to finding the body's true temperature. Taking a rectal measurement is the most reliable way to obtain a core temperature value. Result variation with this type of measurement is low and the precision is particularly high. Rectal temperatures are considered to be more accurate when checking for fever in a young child. With the increasing pediatric population, demand for rectal devices is also increasing, as pediatric population is more prevalent to diseases, such as fever, sour throat, and cold & cough.

High demand for disposable thermometers is another trend

Disposable thermometers are designed to reduce the risk of cross infection or reinfection that may occur with the usage of other thermometers. They are used to measure the temperature at different sites of the body, such as oral, rectal, and under the arm. Moreover, disposable thermometers offer advantages, such as consistently accurate temperature readings that are easy to read and simple to understand and reduced risk of cross infection. Due to their multiple advantages compared to the conventional thermometers, they have been widely accepted among the users.

Global Body Temperature Monitoring Market Restraints:

Concerns about the use of infrared thermometers to hinder market growth

One of the key factors expected to hinder growth of the global body temperature monitoring market is the concerns about the use of infrared thermometers. Though infrared thermometers are able to record the body temperature without making physical contact and eliminate the risk of contagious infections, there are concerns about the use of these thermometers. Infrared ear thermometers can show low readings, if they are not properly used. Moreover, there are chances of errors in readings, if the lens on the thermometer is dirty. Therefore, the users have to be sure to keep the lens clean. As per the Medicines & Healthcare products Regulatory Agency (MHRA), infrared thermometers should always be used in accordance with the manufacturers' guidelines.

Issues related to rectal thermometers to hamper the market growth

Another factor which is hampering the growth of the global body temperature monitoring market is the issues related to rectal thermometers. Rectal temperature is often considered more accurate than oral or axillary temperature, owing to potential alterations in the mouth and skin temperatures caused by ambient conditions. However, readings offered by rectal thermometers vary depending on the depth/insertion and presence of faces and other bacteria in the rectum. The procedure may cause great discomfort as well. Furthermore, there is a risk of spreading contagious diseases. There have been cases of rectal perforation in infants, due to rectal thermometers. This in turn is expected to hamper the demand for rectal thermometers.

Figure 2. Global Body Temperature Monitoring Market Share (%), by Application, 2023

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Global Body Temperature Monitoring Market Segmentation:

The global body temperature monitoring market report is segmented into Product, Application, End User, and Region.

Based on Product, the market is segmented into Contact and Non-contact. Out of which, Contact Segment is expected to dominate the body temperature monitoring market over the forecast period and this is attributed to the increasing prevalence of infectious diseases.

Non-Contact Segment is also expected to witness significant growth in the near future and this is owing to the outbreak of COVID-19 across the globe.

Based on Application, the market is segmented into Oral Cavity, Rectum, Ear, and Others. Out of which, Oral Cavity Segment is expected to dominate the market over the forecast period and this is attributed to the increasing demand for oral temperature monitoring devices.

Rectum Segment is also expected to witness significant growth in the near future and this is owing to increasing demand for rectum temperature monitoring devices.

Based on End User, the market is segmented into Hospitals, Clinics, and Homes. Out of which, Hospitals Segment is expected to dominate the market over the forecast period and is attributed to the rise in burden of infectious disease and growing geriatric and pediatric population.

Homes Segment is also expected to witness significant growth in the near future and this is owing to increasing demand for disposable temperature monitoring devices. 

Global Body Temperature Monitoring Market: Key Developments

In December 2022, SmartFuture announced the launch of RPM SDK (software development kit) for remote patient monitoring. The software development kit can connect with over 400 regulated wireless medical devices from around 40 brands, including Omron, Abbott, Roche, and Viacom.

In August 2022, Exergen Corp. reported that NIDEK Medical signed an agreement to distribute the temporal artery line consisting of the TAT-5000, TAT-2000, and TAT-2000C Temporal Artery Thermometers and accessories in India.

Global Body Temperature Monitoring Market: Key Companies Insights

The global body temperature monitoring market is highly competitive. This is attributed to the rise demand for advanced, digital temperature monitoring devices, as a result, players in the market are focusing on launching novel devices in the market.

Some of the key players in the global body temperature monitoring market are Kaz USA Inc., Microlife Corporation, Omron Corporation, Cardinal Health, Easywell Biomedicals, Welch Allyn Inc., Hicks Thermometers Limited, and American Diagnostic Corporation, among others.

*Definition: A body temperature monitor helps track, control, and regulate the body temperature. Regularly monitoring the body temperature can detect subtly higher temperatures and protect one from getting sick. Thus, there is an increasing demand for temperature monitoring devices.