Future Market Insights, a leading provider of market intelligence and consulting services, has released a comprehensive report projecting substantial growth for the global wearable thermometers market. According to the latest research findings, the market is poised to experience a remarkable Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period from 2021 to 2031.
The escalating global prevalence of Covid-19 cases has significantly contributed to the surge in demand for wearable thermometers. With the ongoing need to monitor body temperature as a crucial indicator of health, the adoption of wearable temperature sensors has witnessed a considerable uptick. Moreover, the growing awareness about personal health and wellness among consumers has propelled the integration of wearable thermometers into modern healthcare practices.
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The report underscores the pivotal role of electronics integration and technological advancements in driving the growth trajectory of the wearable thermometers market. As consumers increasingly seek innovative solutions to monitor their health in real-time, the market is expected to witness a paradigm shift towards the incorporation of advanced technologies into everyday wearable devices.
Key Highlights of the Report:
- Wearable thermometers market projected to grow at a CAGR of 8.9% during 2021-2031.
- Increasing prevalence of Covid-19 cases worldwide driving market demand.
- Growing consumer health awareness fueling adoption of wearable temperature sensors.
- Electronics integration and technological advancements to shape market dynamics.
Commenting on the findings, [Spokesperson Name], [Title] at Future Market Insights, stated, “The exponential growth forecasted for the wearable thermometers market underscores the significance of these devices in modern healthcare practices. With the ongoing emphasis on remote health monitoring and personalized wellness, we anticipate a surge in the integration of advanced technologies into wearable devices, further propelling market expansion.”
The comprehensive report by Future Market Insights offers valuable insights and strategic recommendations for stakeholders aiming to capitalize on the burgeoning opportunities in the wearable thermometers market.
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There are several factors driving the demand for wearable thermometers:
- Increased focus on health monitoring: The COVID-19 pandemic highlighted the importance of being able to easily track temperature. Wearable thermometers provide a convenient way to do this.
- Remote patient monitoring: As telehealth services become more popular, wearable thermometers allow doctors to remotely monitor patients’ vital signs, including temperature.
- Growing health awareness: People are becoming more interested in tracking their overall health and well-being. Wearable thermometers can be a valuable tool for this.
- Ease of use: Wearable thermometers are typically comfortable, non-invasive, and easy to use, making them ideal for people of all ages.
- Technological advancements: Advancements in sensor technology and miniaturization are leading to the development of more accurate, comfortable, and feature-rich wearable thermometers.
In addition to these factors, the report you mentioned also highlights the growing demand for healthcare and the increasing number of surgical procedures as contributing factors. These procedures often require close monitoring of body temperature, which wearable thermometers can facilitate.
Overall, the wearable thermometer market is expected to continue growing in the coming years, driven by a combination of these factors.
Some of the key players operating in the wearable thermometers market are
- Terumo Corporation
- 3M Company
- Drägerwerk AG & Co.
- KGaA
- Cosinuss GmbH
- Welch Allyn, Inc.
- Omron Healthcare
- Microlife Corporation
- Koninklijke Philips N.V.
- Cosinuss
- Masimo
- Taidoc Technology Corporation
- C.R. Bard
- Helen of Troy Limited, and Briggs Healthcare.
For instance,
- In October 2020 the Medtech company Masimo announced that it is introducing for customers the Radius T continuous thermometer, a linked sensor system that can take a patient’s temperature over time, rather than manually.
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Key Segment:
By Product Type:
- In-Ear
- Wristband/Watches
- Medical Skin Patches
- Smart Clothing
- Others
By Application:
- Clinical
- Wellness
By Distribution Channel:
- Institutional Sales
- Hospitals
- Clinics
- Skilled Nursing Facilities
- Long Term Care Centers
- Ambulatory Care Centers
- Retail Sales
- Retail Pharmacies
- Drug Stores
- Online Sales
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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