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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. Sample figures with some insights are shown below.
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?
For any questions related to Temperature Monitoring System Market, Temperature Monitoring System Market Size, Temperature Monitoring System Market Growth, Temperature Monitoring System Market Analysis, Temperature Monitoring System Market Report, Temperature Monitoring System Market Share, Temperature Monitoring System Market Trends, Temperature Monitoring System Market Forecast, Temperature Monitoring System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Temperature Monitoring System : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Temperature Monitoring System Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Temperature Monitoring System by Product
3.3.1: Digital Temperature Monitoring Devices
3.3.2: Analog Temperature Monitoring Devices
3.4: Global Temperature Monitoring System by Type
3.4.1: Contact
3.4.2: Non-Contact
3.5: Global Temperature Monitoring System by End Use
3.5.1: Healthcare Facilities
3.5.2: Home Care Settings
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Temperature Monitoring System by Region
4.2: North American Temperature Monitoring System
4.2.1: North American Temperature Monitoring System by Type: Contact and Non-Contact
4.2.2: North American Temperature Monitoring System by End Use: Healthcare Facilities, Home Care Settings, and Others
4.3: European Temperature Monitoring System
4.3.1: European Temperature Monitoring System by Type: Contact and Non-Contact
4.3.2: European Temperature Monitoring System by End Use: Healthcare Facilities, Home Care Settings, and Others
4.4: APAC Temperature Monitoring System
4.4.1: APAC Temperature Monitoring System by Type: Contact and Non-Contact
4.4.2: APAC Temperature Monitoring System by End Use: Healthcare Facilities, Home Care Settings, and Others
4.5: ROW Temperature Monitoring System
4.5.1: ROW Temperature Monitoring System by Type: Contact and Non-Contact
4.5.2: ROW Temperature Monitoring System by End Use: Healthcare Facilities, Home Care Settings, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Temperature Monitoring System by Product
6.1.2: Growth Opportunities for the Global Temperature Monitoring System by Type
6.1.3: Growth Opportunities for the Global Temperature Monitoring System by End Use
6.1.4: Growth Opportunities for the Global Temperature Monitoring System by Region
6.2: Emerging Trends in the Global Temperature Monitoring System
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Temperature Monitoring System
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Temperature Monitoring System
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Koninklijke Philips
7.2: Masimo
7.3: Omron Healthcare
7.4: Geratherm
7.5: Braun Healthcare
7.6: A&D Company
7.7: Toshiba
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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