Global Temperature Monitoring System Market Size Study, by Product, by Type, by End-User and Regional Forecasts 2022-2032

Description

Global Temperature Monitoring System Market is valued at approximately USD 1.43 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.4% over the forecast period 2024-2032. A body temperature monitor is a medical device designed for checking and monitoring body temperature in both adults and children aged two and above. These devices, ranging from traditional thermometers to advanced digital systems, play a crucial role in healthcare settings. With significant technological advancements, including the integration of artificial intelligence, cloud platforms, and digitalization, the field of temperature monitoring has witnessed revolutionary changes in recent years. The increased adoption of remote temperature monitoring systems and digital thermometers highlights this transformation.

The market is experiencing notable trends, such as the increasing demand for non-contact sensor-based thermometers. These devices gained popularity due to their ability to provide precise, contactless temperature measurements, which was particularly advantageous during the pandemic. Infrared sensor-based thermometers, which measure infrared energy to detect temperature, became essential tools in healthcare settings. The rise in partnerships and strategic alliances among companies to produce these advanced devices is another significant trend, reflecting the market's dynamic nature. Technological advancements continue to propel market growth. The demand for digital thermometers, known for their precision and ease of use, has surged, leading to increased innovation and product development. For example, in January 2021, Fitgo launched a new infrared thermometer in India and other countries, designed for use across different age groups. The introduction of novel temperature monitoring products with features like reduced response times and continuous monitoring is expected to significantly impact the healthcare industry, driving market growth.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America dominates the market in 2023, driven by the high prevalence of infectious diseases and the presence of key industry players. The Asia Pacific region is expected to witness the fastest growth rate, fueled by increasing awareness and innovative product launches. Europe also shows considerable growth potential due to increased funding for clinical trials and a high prevalence of infectious diseases.

Major market players included in this report are:

Koninklijke Philips N.V.
Masimo
Omron Healthcare
Geratherm
Braun Healthcare
A&D Company Ltd.
Toshiba Inc.
3M
Exergen Corporation
Metropolitan Wireless International
E+E Elektronik
Neptune Wellness Solutions Inc.
ZOOOK
Segun Life
Secureye

The detailed segments and sub-segment of the market are explained below:

By Product:

Digital Temperature Monitoring Devices
Analog Temperature Monitoring Devices

By Type:

Contact
Non-Contact

By End-User:

Healthcare Facilities
Home Care Settings
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Temperature Monitoring System Market Executive Summary

1.1. Global Temperature Monitoring System Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Type
- 1.3.3. By End-User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Temperature Monitoring System Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Temperature Monitoring System Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Non-Contact Sensor Based Thermometers
- 3.1.2. Technological Advancements in Temperature Monitoring Devices
- 3.1.3. Surge in Demand Due to COVID-19
3.2. Market Challenges
- 3.2.1. High Contamination Risks Associated with Mercury-based Thermometers
- 3.2.2. Fluctuating Economic Conditions
3.3. Market Opportunities
- 3.3.1. Development of Smart Temperature Monitoring Products
- 3.3.2. Expansion into Emerging Markets
- 3.3.3. Embracing Green Building Practices

Chapter 4. Global Temperature Monitoring System Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Temperature Monitoring System Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Temperature Monitoring System Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Digital Temperature Monitoring Devices
- 5.2.2. Analog Temperature Monitoring Devices

Chapter 6. Global Temperature Monitoring System Market Size & Forecasts by Type 2022-2032

6.1. Segment Dashboard
6.2. Global Temperature Monitoring System Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Contact
- 6.2.2. Non-Contact

Chapter 7. Global Temperature Monitoring System Market Size & Forecasts by End-User 2022-2032

7.1. Segment Dashboard
7.2. Global Temperature Monitoring System Market: End-User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Healthcare Facilities
- 7.2.2. Home Care Settings
- 7.2.3. Others

Chapter 8. Global Temperature Monitoring System Market Size & Forecasts by Region 2022-2032

8.1. North America Temperature Monitoring System Market
- 8.1.1. U.S. Temperature Monitoring System Market
  - 8.1.1.1. Product breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End-User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Temperature Monitoring System Market
8.2. Europe Temperature Monitoring System Market
- 8.2.1. U.K. Temperature Monitoring System Market
- 8.2.2. Germany Temperature Monitoring System Market
- 8.2.3. France Temperature Monitoring System Market
- 8.2.4. Spain Temperature Monitoring System Market
- 8.2.5. Italy Temperature Monitoring System Market
- 8.2.6. Rest of Europe Temperature Monitoring System Market
8.3. Asia-Pacific Temperature Monitoring System Market
- 8.3.1. China Temperature Monitoring System Market
- 8.3.2. India Temperature Monitoring System Market
- 8.3.3. Japan Temperature Monitoring System Market
- 8.3.4. Australia Temperature Monitoring System Market
- 8.3.5. South Korea Temperature Monitoring System Market
- 8.3.6. Rest of Asia Pacific Temperature Monitoring System Market
8.4. Latin America Temperature Monitoring System Market
- 8.4.1. Brazil Temperature Monitoring System Market
- 8.4.2. Mexico Temperature Monitoring System Market
- 8.4.3. Rest of Latin America Temperature Monitoring System Market
8.5. Middle East & Africa Temperature Monitoring System Market
- 8.5.1. Saudi Arabia Temperature Monitoring System Market
- 8.5.2. South Africa Temperature Monitoring System Market
- 8.5.3. Rest of Middle East & Africa Temperature Monitoring System Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Koninklijke Philips N.V.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Masimo
- 9.3.3. Omron Healthcare
- 9.3.4. Geratherm
- 9.3.5. Braun Healthcare
- 9.3.6. A&D Company Ltd.
- 9.3.7. Toshiba Inc.
- 9.3.8. 3M
- 9.3.9. Exergen Corporation
- 9.3.10. Metropolitan Wireless International
- 9.3.11. E+E Elektronik
- 9.3.12. Neptune Wellness Solutions Inc.
- 9.3.13. ZOOOK
- 9.3.14. Segun Life
- 9.3.15. Secureye

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes