The body temperature monitoring market has been growing at a fast pace backed by the increasing prevalence of fever worldwide. Body temperature monitors are used to measure human body temperature on a regular basis to check for fevers, which if left untreated can lead to severe health issues. Rising awareness about taking proper medication at the onset of fever is also propelling the demand for reliable temperature monitors in both households and healthcare facilities.

Body temperature can be monitored using traditional thermometers as well as advanced digital devices. Traditional thermometers include mercury, glass and digital thermometers that require direct contact with parts of the body. On the other hand, digital thermometers provide instant temperature readings in a contactless and hassle-free manner. They are convenient to use and eliminate the risk of broken glass or exposure to mercury. With continuous technology advancements, wearable patch-based temperature monitors are also gaining traction as they can continuously track temperature over long periods.

The Global Body Temperature Monitoring Market is estimated to be valued at US$ 1.5 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the body temperature monitoring market are Regent Pacific Group Limited, Menarini Group, Furiex Pharmaceuticals, Inc., Absorption Pharmaceuticals, LLC, Ampio Pharmaceuticals, Inc., Aytu BioScience, NeuroHealing Pharmaceuticals Inc., and Dong-A Pharmaceutical Co., Ltd.

Growing elderly population suffering from chronic diseases is creating lucrative opportunities for players to offer easy-to-use, continuous temperature monitoring solutions. Advancements in connected health technologies are also supporting remote patient monitoring and driving increased adoption.

The increasing export focus of major players from countries like China, Japan and South Korea has led to wide geographic expansion of the body temperature monitoring market across North America, Europe, Asia Pacific and other global regions over the past few years.

Market drivers
Rising prevalence of infectious diseases across populations due to factors like growing levels of pollution, antibiotic resistance etc. has significantly increased the instances of fever worldwide. As fever is one of the key symptoms of diseases like malaria, dengue, COVID-19 etc., monitoring body temperature accurately and on a regular basis is becoming increasingly important for diagnostic purposes as well as for timely medical intervention like administration of antipyretic medications to bring down the temperature. This factor is expected to remain a major driver for sustained growth of the body temperature monitoring market during the forecast period.

PEST Analysis

Political: Regulations around medical device approvals and patient privacy and data protection can impact the body temperature monitoring market. Changes in healthcare policies may also affect demand.

Economic: Economic growth drives discretionary consumer spending on healthcare devices. Recessions can negatively impact the market.

Social: Increased awareness about preventive healthcare monitoring and remote patient management are driving social acceptance of temperature monitoring devices. Aging populations also create demand.

Technological: Advancements in wearables, wireless technologies, and integration of sensors are enabling continuous, non-invasive temperature monitoring solutions. Miniaturization allows portable devices. Data analytics tools help identify meaningful trends.

The market is currently concentrated in developed regions like North America and Western Europe due to high discretionary spending and technological awareness. However, population growth and economic development in Asia Pacific are driving the fastest market expansion, led by countries like China and India. Improving access to healthcare and expanding medical infrastructure in emerging nations is opening new opportunities.

One of the fastest growing geographical segments for the body temperature monitoring market is Latin America. Countries in the region like Brazil, Mexico and Argentina have large populations and their governments are increasingly prioritizing healthcare spending and reforms which is helping to drive the adoption of medical devices and remote monitoring technologies. Growth is also supported by rising incomes in major Latin American economies.