Global Temperature Monitoring Devices Market (2020 to 2030) - COVID-19 Implications and Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Temperature Monitoring Devices Global Market Report 2020-30: Covid 19 Implications and Growth" report has been added to ResearchAndMarkets.com's offering.

The global temperature monitoring devices market is expected to grow from $2.67 billion in 2019 to about $26.7 billion in 2020 due to a massive increase in demand for such devices for constant temperature monitoring of COVID-19 patients. The market is expected to stabilize and reach $3.7 billion at a CAGR of 8.2% through 2023.

This report from the publisher covers this critical market and the impact on it from the COVID-19 virus. It provides strategists, marketers and senior management with the critical information they need to assess the increasing demand for temperature monitoring devices which play a critical role in the treatment of patients with COVID-19

The temperature monitoring devices market is experiencing a massive growth due to the COVID-19 pandemic. Temperature monitoring of individuals or suspected patients is the first mode of diagnosis for COVID-19 used across various type of entities including airports, offices, clinics, hospitals and homecare. Also, infected patients' vital signs are required to be monitored both at hospitals and at home, as a primary examination to track the infection.

Temperature monitoring devices are used to measure the body temperature of the COVID-19 patients as high body temperature is one of the major symptoms for COVID-19

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Major players in the temperature monitoring devices market are 3M Company, Drgerwerk AG & Co. KGaA, Cosinuss GmbH, Helen of Troy Limited, Koninklijke Philips N.V, Microlife Corporation, Omron Healthcare, Terumo Corporation, Welch Allyn, Inc, and C. R. Bard.

The temperature monitoring devices market covered in this report is segmented by type into contact-based temperature monitoring systems, non-contact-based temperature monitoring system and by application into oral cavity, rectum, ear, others.

High cost of advanced temperature monitoring devices may hinder the growth of the temperature monitoring devices market. The average cost of thermometers ranges from US$1 to US$114. The high cost of these devices is due the high costs of sensors used in it. This is a high amount for low-economic countries in Africa, South-America and several Asian countries. Thus, high cost of temperature monitoring devices is hindering the temperature monitoring device market.

The increase in the prevalence of chronic and infectious diseases is causing a positive impact on the temperature monitoring devices market. Certain infectious diseases like Dengue, Zika, Malaria, Ebola requires continuous monitoring of temperature to give appropriate treatment and save lives, temperature of patients with chronic diseases like cardiovascular cases, kidney related diseases and other diseases has to be monitored continuously especially when they are hospitalized.

Key Topics Covered:

1. Executive Summary

2. Temperature Monitoring Devices Market Characteristics

3. Temperature Monitoring Devices Market Size And Growth

3.1. Global Temperature Monitoring Devices Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Temperature Monitoring Devices Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Temperature Monitoring Devices Market Segmentation

4.1. Global Temperature Monitoring Devices Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.2. Global Temperature Monitoring Devices Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5. Temperature Monitoring Devices Market Regional And Country Analysis

5.1. Global Temperature Monitoring Devices Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Temperature Monitoring Devices Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

• Hamilton Medical Ag
• Koninklijke Philips N.V
• Smiths Medica
• Ge Healthcare,
• Philips Health Care
• Chart Industries
• Invacare Corporation
• Fisher & Paykel Healthcare Limited
• Resmed
• Dragerwerk Ag
• Medtronic Plc
• Masimo Corp.
• Carefusion Corp
• Getinge Ab
• Hill-Rom
• Becton
• Dickinson And Company
• Air Liquide
• Vyaire Medical
• Compumedics Ltd.
• Covidien Plc
• Mindray
• Inogen
• Nihon Kohden Corporation
• Siemens Healthcare,
• Teleflex Incorporated.
• Breas Medical
• Airsep Corporation
• Rotech Healthcare Inc
• 3B Medical

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