PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397090
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1397090
Body Worn Temperature Sensors Market size was valued at USD 87.2 Million in 2022, expanding at a CAGR of 28.4% from 2023 to 2030.
A body temperature sensor is a gadget that measures the body's temperature. It is made comprised of many parts, including temperature sensors, sensor probes, heating devices, as well as controllers. The sensor devices are carefully positioned within a pipe body or a major body section and are intended to collect temperature data reliably. The temperature sensors are responsible for measuring the thermal resistance values of the heat resistors, heated by the heating strategies. These sensors are usually compact, lightweight, and can be conveniently attached or worn on the body. They find applications in diverse fields such as healthcare, sports monitoring, and industrial settings.
The global growth of body-worn temperature sensors is being driven by the increasing awareness about fitness and health among people of all age groups. These sensors continuously monitor important health aspects such as body temperature, heart rate, and pulse rate in infants, elders, and patients. The growing geriatric population in developed countries has become a significant concern in recent years. According to the World Health Organization, all countries are facing major challenges in preparing their health and social systems to accommodate this demographic shift. By 2050, 80% of older people will be residing in low- and middle-income countries. Additionally, ongoing technological advancements, such as improved sensor accuracy, miniaturization, and connectivity, are further enhancing the potential of body-worn temperature sensors. However, the high cost of high-quality sensors and associated technologies may hinder the market's growth.
The Global Body Worn Temperature Sensors Market is segmented on the basis of Type, Application, and Region.
The market is divided into three categories based on type: Biosensors, Smartwatches, Smart Clothing, Wearable Patches, Hand-worn Terminals, and Others. The market is currently dominated by Smartwatches, which come equipped with sensors that constantly monitor an individual's health and help them track their fitness progress in real-time. This feature has played a significant role in the increasing popularity of Smartwatches. Additionally, Smartwatches have the potential to offer an impartial alternative for managing and monitoring the progression of chronic illnesses, especially among the elderly, those in rehabilitation, and individuals with different impairments.
The market is divided into two categories based on application: Healthcare and medical, Industrial and Military, Telecommunication, Information Technology, and Others. The market is primarily controlled by the healthcare and medical sectors. Body-worn temperature sensors play a crucial role in monitoring and managing patient well-being, especially in situations where continuous temperature monitoring is vital. These sensors are widely used in various medical settings, including hospitals, clinics, and home healthcare facilities.
Geographically, this market is spread across various regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The growth of the market is expected to be dominated by North America, primarily due to the expansion of healthcare infrastructure. This expansion and modernization of infrastructure provide opportunities for the integration of advanced healthcare technologies, such as body-worn temperature sensors. According to the Centers for Medicare and Medicaid Services, the national healthcare expenditure in the US reached USD 4.3 trillion in 2021, equivalent to USD 12,914 per person, and is estimated to reach USD 6.2 trillion by 2028. On the other hand, Europe is projected to drive the market growth, mainly due to the increasing demand for physiological monitoring.
There has been a steady advancement in the study of flexible temperature sensors for measuring body temperature throughout the years, resulting in several breakthroughs. Patterned fabrication has evolved as a method for large-area fabrication of flexible temperature sensors, drawing influence from biological patterns seen in nature. The use of flexible materials in the fields of electronic technology and medical and health has also seen a gradual increase in recent years. Companies in this market often compete based on the features and capabilities of their body-worn temperature sensors, and the pace of technological innovation plays a critical role. Investing in research and development to improve sensor technology and data analytics capabilities may provide a competitive advantage. It is crucial for companies to comply with healthcare and data protection regulations, and those that demonstrate a commitment to regulatory standards may gain trust and a competitive edge in the healthcare sector.
August 2021, The U.S. FDA has given permission to a novel, smaller magnetic resonance imaging digital scanner from Siemens Healthiness that employs the business skill to greatly decrease the amount of helium required for cooling the magnet system. With a magnetic field strength of 0.55 Tesla, it opens the door to more widespread use of MRI systems in healthcare.