The increasing technological advancements in the self-care segment, increasing demands for the disposable thermometers, the innovation of cost-effective and accurate devices due to intense competition are the vital driving forces of the temperature monitoring system market. Temperature monitoring devices are crucial for ensuring safe and efficient patient care. Temperature monitoring is also essential to avoid hypothermia or hyperthermia situations. Thermoregulation or temperature maintenance is essential to avoid any antigenic response, infection, or inflammation. These devices can be also used for home care and have gained substantial preference owing to their cost-effectiveness and convenience.
The global temperature monitoring system market is segmented on the basis of products, technology, and region. The threat of mercury poisoning due to the usage of mercury in thermometers has always been a concern and it has led to the development of infrared and digital thermometers. Thermometers containing indium, tin alloy, or gallium are also being used. Digital thermometers, Electronic temperature monitors, Infra-red aural thermometers and temperature strips are the major product types in this market. Based on technology, the temperature monitoring system are mercury-based or mercury-free. Digital thermometers are preferred as they are faster, economical, and more precise compared to other versions. They also make the temperature monitoring process easy and quick. Owing to the aforementioned reason digital thermometers account for the largest market share. The most popular version of technology present in the market is battery operated flexible tip oral thermometers.
On the basis of region, the market for temperature monitoring system is segmented into North America, Europe, Asia-Pacific, and RoW. North America holds the largest market share in the temperature monitoring system market presently due to the increase in health awareness and the increasing base of the geriatric population. Asia-Pacific is expected to grow at a significant rate in the forecast period due to the rising health concerns and increasing numbers of healthcare facilities. In China and India, many hospitals have shifted towards digital thermometers replacing the mercury-based thermometers.
The key players of temperature monitoring system market are Covidien Plc, Microlife Corporation, Kaz Inc, A & D Medical Company, Actherm Inc, Geratherm Medical AG, Hicks thermometers Ltd, Omron Healthcare Inc, Exergen Corporation, Terumo Corporation, Radiant Innovation, Mediaid Inc, CR Hallcrest, 3M Comapny, and Welch Allyn.
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With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.