Temperature Monitoring Devices Market: Advent of Wearable a Boon for Market

Via a fresh intelligence study, Transparency Market Research (TMR) reports that the global temperature monitoring devices market is heavily dependent on technological advancements, and that the competitive landscape will remain tilted towards those companies who aggressively develop products that meet the desired outcomes. The report observes that there is strong clinical needs for different temperature monitoring modalities in hospitals. The caregivers are forced to stock and depend on multiple temperature monitoring methods, with each method introducing variation due to accuracy and technique. The 3M Bair Hugger temperature monitoring system, formally known as 3M SpotOn system, can be one such example. The device provides a non-invasive method with accurate temperature measurement, which can be used preoperatively and in any type of anesthesia.

Get Report Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2159

The report identifies 3M Company, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Cosinuss GmbH, Helen of Troy Limited, Terumo Corporation, Welch Allyn, Inc., Omron Healthcare, Microlife Corporation, C.R. Bard, and Briggs Healthcare as some of the prominent participants of the global temperature monitoring devices market. As per the projections of the TMR report, the demand in the global temperature monitoring devices market will augment at a CAGR of 4.1% during the forecast period of 2017 to 2025. Everything put together, the temperature monitoring devices market, across the world, will be worth US$3.23 bn by 2025, considerably up from its evaluated valuation of US$2.27 bn in 2016.

Based on product-type, table top temperature monitoring devices, which is further sub-segmented into non-invasive vital signs monitoring devices and continuous core body temperature monitoring devices, served the maximum demand, whereas non-invasive was most in-demand technique. The global market continues to gain significant share of the overall demand for temperature monitoring devices from wellness application, while geographically, North America has been detected a highly lucrative region. The developed countries of the U.S. and Canada, who have robust healthcare infrastructure and high adoptability-rate of new technology, dominate the demand from North America temperature monitoring devices market.

View Report @ https://www.transparencymarketresearch.com/temperature-monitoring-devices-market.html

Temperature Monitoring Devices Market Thriving in North American Region

Temperature monitoring devices are of high importance for the healthcare industry, and gaining traction from it, a recent business and commerce study by Transparency Market Research has projected the demand to expand at a notable CAGR of 4.1% during the forecast period of 2017 to 2025. The analysts of the TMR report have also estimated that the opportunities in the temperature monitoring devices market will translate into revenue of US$3.23 bn by the end of 2025, substantially more that the market’s evaluated worth of US$2.27 bn in 2016.

Get Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2159

Which market segments are showing greater promise?

Based on product type, the temperature monitoring devices market has been segmented into table top temperature monitoring devices including non-invasive vital signs monitoring devices and continuous core body temperature monitoring devices, hand held temperature monitoring devices including digital thermometers and infra-red aural thermometers, wearable continuous monitoring thermometers, and temperature monitoring sensors and smart temperature patches. Among these, the sub-segments of table top temperature monitoring devices provided for the most prominent chunk of demand, which was a reflection of factors such as relatively affordable cost of these equipment in comparison to alternatives and growing awareness regarding consistent patient temperature monitoring.

Technology-wise, the market has been bifurcated into invasive and non-invasive, whereas on the basis of application, the market has been classified into clinical and wellness. Distribution channel categorization of the market has been done into institutional sales including hospitals, clinics, skilled nursing facilities, long term care centers, and ambulatory care centers, retail sales including retail pharmacies, online sales, and drug stores.

Which region is providing for the maximum demand?

The demand in the North America temperature monitoring devices market has been projected to expand at a CAGR of 4.4% during the forecast period of the report, which is the best among all regions. By the end of 2025, the North America temperature monitoring devices market has been estimated to be worth US$1,151.8 mn.

View Report @ https://www.transparencymarketresearch.com/temperature-monitoring-devices-market.html