PUBLISHER: Acute Market Reports | PRODUCT CODE: 1255992
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1255992
Body Worn Temperature Sensors Market Is Projected to Expand At A CAGR Of 21.5% Between 2023 And 2031. Body-worn temperature sensors are emerging as one of the most promising technologies for real-time monitoring of body temperature. The global body-worn temperature sensors market is primarily driven by increasing demand for wearable medical devices and is expected to grow incrementally during the forecast period. In recent years, healthcare monitoring devices have gained traction, augmenting and improving the quality of life. Along with the body temperature, body-worn temperature sensors are also used to monitor heart rate, pulse rate, and count the footsteps of a person. These sensors can sense and communicate either directly through embedded wireless connectivity or through any other device. Thus, body-worn temperature sensors allow patients to assess and self-monitor physiological information and provide interfaces to healthcare providers.
Body-worn temperature sensors can be easily managed and are becoming increasingly reliable for patient care. The accuracy and continuity in temperature monitoring help in the early detection of illness and signals a range of health conditions over a specified time. Equipped with sensors, these medical devices are beneficial in diagnosing patients on a daily basis, which, in turn reduces hospitalization bills of patients. In addition, since physical activity is directly concerned with success and accomplishments, body worn temperature sensors are gaining popularity among soldiers and athletes for monitoring their body temperature.
Body-worn temperature sensor networks have the potential to revolutionize medical research as its uninterrupted operations make them suitable for various medical applications. Body-worn temperature sensors are gaining wide adoption due to advances in sensors technology, continuous miniaturization of electronics, augmented computing power, and the multitude of research focusing on integrating intelligent solutions with electronic systems and components. For instance, the introduction of the hearables equipped with sensors are expected to gain prominence in the coming years. Thus, growing digitization coupled with growing health awareness regarding chronic diseases among people across all age groups is expected to spur the market growth for body-worn temperature sensors over the forecast period.
Key Players Identified for Body-worn Temperature Sensors Market Include but are Not Limited to:
4B GROUP, Adidas AG, Allegro MicroSystems, Inc., Althen GmbH Mess- und Sensortechnik, Amsys GmbH & Co. KG, Analog Devices, Inc., Carre Technologies Inc, Dexter Research Center, Freescale Semiconductor Inc., General Electric Company, Heimann Sensor GmbH, Infineon Technologies AG, Isansys Ltd., Koninklijke Philips N.V., Maxim Integrated, MBIENTLAB INC, MC10, Measurement Specialties Inc., Panasonic Corporation, Sensirion AG, Shimmer, Siemens, STMicroelectronics, TDK Corporation., Texas Instruments Inc., ZOLL Medical Corporation and Others notable players.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Body Worn Temperature Sensors market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Body Worn Temperature Sensors market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2021-2031
Base Year 2022
Forecast Period 2023-2031
Historical Year 2021
Unit USD Million
Segmentation
Product
Fitness Bands
Smart Watch
Smart Clothing
Patches
End-Use
Banking and Financial Services
and Public Utilities
Healthcare
Manufacturing
Media and Entertainment
Retail
IT and Telecom
Trade and Transportation
Others (Pharmaceuticals, etc.)
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Body Worn Temperature Sensors market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Body Worn Temperature Sensors market?
Which is the largest regional market for Body Worn Temperature Sensors market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Body Worn Temperature Sensors market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Body Worn Temperature Sensors market worldwide?