According to the latest research by Future Market Insights, the wearable thermometers market is set to witness robust growth with 8.9% CAGR growth during the year 2021-2031.
The rising prevalence of Covid-19 cases in the world, which require thermometers to check the human body temperature, drives the wearable thermometers market demand. Increased consumer health awareness has led to wearable temperature sensors being used to efficiently measure health in the modern age.
In order to push the wearable thermometer market during its projected time, electronics integration and technological advancement adoption into everyday operations and changing lifestyles will also be anticipated.
What is Driving Demand for Wearable Thermometers Market
The growth of the market has been attributed to important factors, including the increasing prevalence of Covid-19 cases around the globe, growing demand for advanced monitoring devices to check body temperature, the widespread number of surgical procedures, the growing concern for children’s health in regions, and the growing demand for healthcare.
Furthermore, the key competitors in the market are witnessing the enormous development of research and development efforts to create new products and enhance existing goods.
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The U.S. And Canada Wearable Thermometers Market Outlook
U.S and Canada are the main R&D player in the manufacture of wearable thermometers and the technological advancesment have encouraged the wearable thermometer to develop novel concepts. ?
Factors such as the growing incidents of chronic diseases, the increasing number of technological innovations, the presence of leading players, and the emerging new products in healthcare, etc. can be attributed to growth in the U.S. and Canada.
Additionally, U.S. and Canada is the largest contributor to the wearable wireless thermometer market, with a similar flow likely to continue and dominate the industry in the next several years.
Europe Demand Outlook for Wearable Thermometers Market
Europe’s fastest-growing market for wearable thermometer market continues and dominate the industry.
Factors such as the rising number of COVID-19 patients, geriatric population, development of new and advanced technologies, and increasing consciousness of innovative health services are the main reasons for the strong growth of the wearable thermometers market in Europe.
Additionally, the growing adoption of AI technologies by key manufacturers has boosted the demand outlook for wearable thermometers in Europe.
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Who are the Key Manufacturers and Suppliers of Wearable Thermometers Market
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.
Companies involve mergers, collaborations, and acquisitions aimed at enhancing their product portfolios, production capacity, and ensuring competitive variety.
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.
If spikes occur in an application, the tool may also give temperature measurements and alarms. The alerts and notifications functionalities can be adjusted by users. The software can display both temperature and trend data in real-time.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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