ALBANY, N.Y.--(BUSINESS WIRE)--According to a new publication by Transparency Market Research based on the global body-worn temperature sensors industry, the market is expected to rise at an exceptional CAGR of 45.7% during the period of 2014 to 2020 to reach an estimated value of US$93.4 million by the end of the forecast period. In 2013, the market stood at US$7.0 million.
The market study, titled “Body-Worn Temperature Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, presents an in-depth analysis of the global body-worn temperature sensors market, considering various market segments and their historic as well as current performance. The future prospects of this industry have also been detailed in this report.
Based on product type, in 2013, motion sensors accounted for the largest share in the revenue generated in the body-worn temperature sensors market by sales volume, while temperature sensors market held the biggest share of the market by revenue.
By care setting, hospitals held the biggest share of the market, whereas the adult age group accounted for the largest share based on patient demographics.
By application, medical and healthcare occupied the biggest chunk of the body-worn temperature sensors market, while by end users, the healthcare industry held the largest share in 2013.
North America held the biggest share in 2013, occupying 40.6% of the global body-worn temperature sensors market in terms of volume and 42.2% in terms of revenue. Whereas, Europe stood second, holding 31.8% of the body-worn temperature sensors industry in terms of volume and 33.2% in terms of revenue.
The major companies operating in the global body-worn temperature sensors industry are Measurement Specialties, Inc., Analog Devices, Inc., Texas Instruments, Inc., STMicroelectronics N.V. and Maxim Integrated Products, Inc.
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About Transparency Market Research
Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.