Temperature Monitoring System Market Report: Trends, Forecast and Competitive Analysis to 2030

Temperature Monitoring System Trends and Forecast

The future of the global temperature monitoring system looks promising with opportunities in the healthcare facility and home care setting markets. The global temperature monitoring system is expected to reach an estimated $7.1 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing prevalence of chronic disease, rising demand for non-contact sensor based thermometers, and increasing technological advancements in temperature monitoring devices.

A more than 150-page report is developed to help in your business decisions.

Temperature Monitoring System by Segment

The study includes a forecast for the global temperature monitoring system by product, type, end use, and region.

Temperature Monitoring System by Product [Shipment Analysis by Value from 2018 to 2030]:

• Digital Temperature Monitoring Devices
• Analog Temperature Monitoring Devices

Temperature Monitoring System by Type [Shipment Analysis by Value from 2018 to 2030]:

• Contact
• Non-Contact

Temperature Monitoring System by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Healthcare Facilities
• Home Care Settings
• Others

Temperature Monitoring System by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Temperature Monitoring System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies temperature monitoring system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the temperature monitoring system companies profiled in this report include-

• Koninklijke Philips
• Masimo
• Omron Healthcare
• Geratherm
• Braun Healthcare
• A&D Company
• Toshiba

Temperature Monitoring System Market Insights

Lucintel forecasts that non-contact is expected to witness higher growth over the forecast period due to the growing number of partnerships among various market players to manufacture such devices.

Within this market, healthcare facilities is expected to remain the largest segment due to increasing number of patients in hospitals and growing adoption of advanced temperature measurement systems.

North America will remain the largest region during the forecast period due to the increasing number of stringent regulatory guidelines, presence of major market players, and rising investment in R&D activities by biotechnology and pharamceutical companies of the region.

Features of the Global Temperature Monitoring System

Market Size Estimates: Temperature monitoring system size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Temperature monitoring system size by product, type, end use, and region in terms of value ($B).

Regional Analysis: Temperature monitoring system breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, types, end uses, and regions for the temperature monitoring system.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the temperature monitoring system.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the temperature monitoring system size?

Answer: The global temperature monitoring system is expected to reach an estimated $7.1 billion by 2030.

Q2. What is the growth forecast for temperature monitoring system?

Answer: The global temperature monitoring system is expected to grow with a CAGR of 5.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the temperature monitoring system?

Answer: The major drivers for this market are growing prevalence of chronic disease, rising demand for non-contact sensor based thermometers, and increasing technological advancements in temperature monitoring devices.

Q4. What are the major segments for temperature monitoring system?

Answer: The future of the temperature monitoring system looks promising with opportunities in the healthcare facility and home care setting markets.

Q5. Who are the key temperature monitoring system companies?

Answer: Some of the key temperature monitoring system companies are as follows:

• Koninklijke Philips
• Masimo
• Omron Healthcare
• Geratherm
• Braun Healthcare
• A&D Company
• Toshiba

Q6. Which temperature monitoring system segment will be the largest in future?

Answer: Lucintel forecasts that non-contact will remain the larger segment over the forecast period due to the increasing number of partnerships among various companies to manufacture such devices.

Q7. In temperature monitoring system, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region during the forecast period due to the increasing number of stringent regulatory guidelines, presence of major market players, and rising investment in R&D activities by biotechnology and pharamceutical companies of the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the temperature monitoring system by product (digital temperature monitoring devices and analog temperature monitoring devices), type (contact and non-contact), end use (healthcare facilities, home care settings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?