Smart Baby Thermometers Market to Surpass US$ 902.9 Million by 2027
Global Smart Baby Thermometers Market, by Product Type (Ear Thermometer and Infrared Thermometer), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 472.3 million in 2020 and is expected to exhibit a CAGR of 9.7% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Launch of new products is expected to drive the market growth
Key players operating in the global smart baby thermometers market are developing novel products which is expected to boost the global smart baby thermometers market growth. For instance, in September 2015, Kinsa Inc., a manufacturer of smart thermometers, launched Indiegogo which is a wireless smart ear thermometer. This device provides instant and accurate temperature readings at the push of a button.
Global Smart Baby Thermometers Market – Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of the coronavirus disease (COVID-19) has resulted in over 84.78 million infected individuals worldwide as of January 6 2021.
COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channel, and by its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as Saudi Arabia, UAE, Egypt, and others are facing challenges with regards to transportation of raw materials from one place to another.
Browse 35 Market Data Tables and 30 Figures spread through 200 Pages and in-depth TOC on “Smart Baby Thermometers Market – by Product Type (Ear Thermometer and Infrared Thermometer), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027”
To know the latest trends and insights prevalent in the global Smart Baby Thermometers market, click the link below:
https://www.coherentmarketinsights.com/market-insight/smart-baby-thermometers-market-4373
Rising prevalence of fever among children is expected to drive the market growth. According to an article titled ‘Fever in Children: Pearls and Pitfalls’, published by the National Center for Biotechnology Information (NCBI) in September 2017, prevalence of serious infections in children was <1% in primary-care settings and increase up to 25% in emergency departments.
Key Takeaways of the Global Smart Baby Thermometers Market:
- The global smart baby thermometers market is expected to exhibit a CAGR of 9.7% during the forecast period owing to the increasing prevalence of fever among children. According to an article published by the National Center for Biotechnology Information (NCBI) in July 2015, fever and isolated fever occurred in 26.7% and 7.0% of children respectively in low-income countries.
- Among product type, the ear thermometers segment held a dominant position in the global smart baby thermometers market in 2019 owing to its reliable, instant and accurate readings.
- Among distribution channel, the retail pharmacies segment held a dominant position in the global smart baby thermometers market in 2019 owing to the increasing demand for smart baby thermometers in home care settings.
- Key players operating in the global smart baby thermometers market are B. Braun Melsungen AG, Briggs Corp., EASYTEM Co. Ltd., Exergen Corp., FEVERSMART, iProven, Kinsa Inc., Koninklijke Philips NV, OMRON Corporation, and Paul Hartmann AG among others.
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