The global body worn temperature sensors market is estimated to surpass a valuation of US$ 70 Mn by the end of 2022. The demand for body worn temperature sensors is expected to total US$ 1600 Mn by 2032, expanding at a remarkable CAGR of more than 30% during the forecast period 2022-2032. Increasing adoption of wearable sensors across the hospitals, owing to its low level of human intervention is augmenting the sales of body worn temperature sensors in the market.
Body worn temperature sensors are devices directly attached to the body or integrated into wearable objects in order to help monitor temperature and various other health aspects such as heart rate and pulse rate of elderly patients and new born babies on continuous basis. These sensors are increasingly being adopted across hospitals, home care, and outpatient clinics as they provide reliability and security solutions.
In addition, growing introduction of advanced temperature monitoring devices integrated with innovative internet of things (IoT) technologies for medical-specific applications such as blood pressure monitoring, ambulatory, and dialysis is expected to accelerate the sales of body worn temperature sensors in the market.
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Which are Some Prominent Drivers Spearheading Body Worn Temperature Sensors Market Growth?
Body worn temperature sensors are digital thermometers that provide clinical-grade accuracy combined with ultra-low power operation to support wearable medical and fitness applications, such as medical patches, wristwatches, and smart clothing. Hence, increasing adoption of such devices, owing to the rising sports and fitness activities, especially among the Genz and millennials are projected to fuel the demand for body worn temperature sensors.
With rapidly changing lifestyle of population and development of bad habits such as smoking, a significant rise in diseases such as cardiovascular, neurological, and pulmonary disorders is being witnessed across the world, resulting in fueling the demand for assistive devices.
For instance, according to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death worldwide, accounting for nearly 32% of the overall deaths across the globe. In 2019, nearly 17.6 million fatalities were reported due to cardiovascular conditions such as stroke and heart attack.
Body worn temperature sensors are extensively used in physiological monitoring and remote patient monitoring. These assists in examining and diagnosing ongoing treatment of patients with aforementioned diseases. Hence, rising burden of cardiovascular, neurological, and pulmonary disorders is anticipated to favor the growth in the market.
What are the Challenges Faced by the Body Worn Temperature Sensors Market?
Despite several advantages associated with the body worn temperature sensor, high contact with radio waves due to their connection with smartphones, computers, or medical monitors is hindering the sales across the infant segment, owing to growing emphasis on infant care.
In addition to this, slow adoption rate and high cost of body worn temperature sensors are factors further hampering the growth in the market.
Why is North America Emerging as an Opportunistic Body Worn Temperature Sensors Market?
As per FMI, North America is expected to register the fastest growth in the global body worn temperature sensors market over the forecast period 2022-2032.
Body worn temperature sensors enable continuous monitoring of several health aspects including the heart rate, pulse rate, and body temperature among others. Hence, surging adoption across a wide range of applications such as mechanical, infotainment, and clinical and growing awareness regarding fitness and health amongst the population of all the age groups is facilitating the growth in the market.
Also, growing trend of smart living, increasing number of connected devices, and integration of advanced technologies such as artificial intelligence and IoT are expected to propel the demand for wearable temperature sensors in the North America market.
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How is Asia Pacific Excluding Japan Contributing to the Growth of the Body Worn Temperature Sensors Market?
Future Market Insights reveals that the Asia Pacific excluding Japan is forecast to emerge as a highly lucrative body worn temperature sensors market between 2022 and 2032.
With growing emphasis on remote physiological patient monitoring and increasingly fitness activities, a swift rise in the adoption of wearable devices is being experienced across the countries such as India, China, South Korea, Australia, and others.
Citing this trend, numerous wearable device manufacturers are increasingly aiming at developing and launching novel body worn devices to capitalize on the existing opportunity. For instance, in January 2022, Noise, a leading Indian wearable technology manufacturer, announced launching its new smartwatch, Noise ColorFit Caliber featuring 60 workout mode support and a body temperature sensor. A multiplicity of such product launches are estimated to accelerate the sales of body worn temperature sensors in the Asia Pacific excluding Japan market.
Market Competition
Some of the leading players in the body worn temperature sensors market are Analog Devices, Texas Instruments, Inc., Measurement Specialties, STMicroelectronics N.V., and Maxim Integrated Products Inc.
Attributed to the presence of such high number of participants and growing research and developments (R&D) activities for innovation in wearable temperature sensors technology, the market is highly competitive.
Key Segments Profiled in the Body Worn Temperature Sensors Market Survey
By Patient’s Demography:
- Infant (0 to 24 Months)
- Child (2 to 16 Years)
- Adult (17 to 69 Years)
- Elderly People (70 Years and Above)
By Care Setting:
- Home
- Hospital
- Outpatient Clinic
By Application:
- Healthcare and Medical
- Fitness and Wellness
- Infotainment
- Clinical Settings
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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