Global Body Temperature Monitoring Market Overview:
The body temperature monitoring device is a portable measurement device that can record temperature over a set period of time on its own. After it has been recorded, the digital data can be retrieved, viewed, and evaluated. A data logger is commonly used to track shipments in a cold chain and collect temperature data in a variety of field settings. The temperature of the body can be measured in a variety of locations. The mouth, the ear, the armpit, and the rectum are the most common.
- Rising Prevalence of Infectious Diseases
- Increasing Geriatric and Pediatric Population
- High Cost of Advanced Temperature Monitoring Devices
- Growing Number of Blood Transfusion Procedures
- Concerns Related to Rectal Temperature Monitoring
- Preference for Digital Thermometers over Mercury-Based Thermometers
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are 3M (United States), Cardinal Health (United States), Koninklijke Philips N.V. (Netherlands), Hill-Rom Holdings (United States), Drägerwerk AG & Co. KGaA (Germany), Terumo Medical Corporation (Japan), Masimo Corporation (United States), Microlife Corporation (Taiwan), Procter & Gamble (United States) and American Diagnostic Corporation (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Body Temperature Monitoring market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Body Temperature Monitoring market. Considering Market by End-Use, the sub-segment i.e. Hospital and Surgical Centers will boost the Body Temperature Monitoring market.
On 27th July 2020 - Masimo has announced a significant expansion to the Masimo SafetyNet platform, a wearable, wireless sensor that provides continuous body temperature measurements. By augmenting the already powerful Masimo SafetyNet, which features Radius PPG tetherless pulse oximetry, with Radius Tº, the remote patient management solution becomes capable of tracking four key vital signs – oxygen saturation, respiration rate, pulse rate, and now temperature – making it an ideal solution for assessing the status of patients with suspected or low-acuity COVID-19, among many other remote patient management uses.
What Can be Explored with the Body Temperature Monitoring Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Body Temperature Monitoring Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Body Temperature Monitoring
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Body Temperature Monitoring market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Body Temperature Monitoring market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Body temperature Monitoring, Suppliers of Body temperature Monitoring, Wholesalers, Distributors and Retailers of Body temperature Monitoring, Healthcare Service Providers, Hospitals and Clinics and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Body Temperature Monitoring Market?
The Body Temperature Monitoring market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Body Temperature Monitoring Market?
Top performing companies in the Global Body Temperature Monitoring market are 3M (United States), Cardinal Health (United States), Koninklijke Philips N.V. (Netherlands), Hill-Rom Holdings (United States), Drägerwerk AG & Co. KGaA (Germany), Terumo Medical Corporation (Japan), Masimo Corporation (United States), Microlife Corporation (Taiwan), Procter & Gamble (United States) and American Diagnostic Corporation (United States), to name a few.
3. What trending factors would impact Body Temperature Monitoring Market growth most?
"Introduction of Wearable Sensors/Devices for Temperature Monitoring" is seen as one of major influencing trends for Body Temperature Monitoring Market during projected period 2020-2026.