Body Temperature Monitoring Devices: A Global Strategic Business Report
San Jose, California (PRWEB) February 25, 2015
Follow us on LinkedIn –Thermometers represent an indispensable part of a physician’s basic armamentarium kit. The growing popularity of self-help healthcare approaches is now making thermometers a necessity in home first aid and emergency care kits. Body temperature is an important indicator of physical well-being of a person and hence thermometers play a very vital and basic role in early diagnosis of underlying infection. Sales of thermometers follow a seasonal pattern following the flu season with demand spiking during pandemics such as H1N1, when consumer spending on treatment and preventative products is the highest. With growing focus towards self-care and preference for treatment at homes, basic medical devices to track vital physical signs such as thermometers continue to remain in demand. Also driving sales is the proactive healthcare care approach taken by modern medically informed and aware consumers.
The growth in the market is forecast to come from the increasing penetration of mercury-free thermometers in developing markets. The market is also poised to benefit from technology innovations aimed at developing superior products that offer convenience, accuracy and faster measurement. Advancements in microelectronics are encouraging the development of thermometers with smaller, miniaturized and sensitive infrared sensors. Infrared thermometers are growing in popularity as a preferred non-contact and temporal temperature monitoring alternative to conventional tympanic thermometers. Use of non-contact thermometers is expected to be driven by the growing focus on infection control. With mounting concerns over the spread of Ebola outside Africa, meticulous infection control measures undertaken by all regional governments to curb the spread are pushing the demand for non-contact infrared thermometers. Disposable thermometers also stand to gain as hospitals and other healthcare organizations mobilize resources to address infection control issues.
Digital Thermometers dominate the market, supported by technological advancements in clinical thermometry. Digital thermometers are faster, economical, and are capable of recording temperature with greater precision as compared to glass or mercury thermometers. As stated by the new market research report on Body Temperature Monitoring Devices, the United States represents the single largest market worldwide. With a projected CAGR of 7.1% over the analysis period, Asia-Pacific is forecast to emerge as the fastest growing market, led by the expanding base of hospitals and clinics in countries such as China and India and the growing need to replace the age-old mercury thermometers with digital thermometers.
Major players covered in the report include 3M Co., A&D Medical / LifeSource, American Diagnostic Corporation, Briggs Healthcare, Covidien plc, Exergen Corporation, Geratherm Medical AG, Hicks Thermometers (India) Limited, Kaz Incorporated, LCR Hallcrest LLC, Omron Healthcare Inc., Opto Circuits (India) Limited and Terumo Corporation, among others.
The research report titled “Body Temperature Monitoring Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product markets analyzed include Digital Thermometers, Infrared Thermometers, Glass (Mercury Thermometers), Electronic Temperature Monitors and Temperature Strips.
For more details about this comprehensive market research report, please click here
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