The South America body temperature monitoring market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising consumer awareness about the importance of monitoring the body temperature and growing demand for effective ways to detect infections prior to clinical diagnosis.
The body temperature of a normal human change throughout the day, but hypothermia and hyperthermia are serious health conditions. The temperature measurement of the body aids in providing a piece of vital physiological information. The vital physiological information is useful for various medical conditions. Body temperature can be monitored using various types of contact or contactless sensors. Body temperature measurement acts as a first tool for diagnosis of a disease. Body temperature can be measured in multiple ways, from oral cavity, ear, armpit and rectum. The body temperature is one of the four main vital signs that must be monitored if the body functions are abnormal. The core body temperature is measured by using invasive means, such as by placing temperature probe into pulmonary artery, esophagus, and urinary bladder. Furthermore, the electronic or disposable thermometers are also used. The glass thermometer is the most commonly used devices for measuring body temperature. Other important devices for measuring temperature include thermocouples, thermistors, resistance temperature detector, pyrometer, langmuir probes, infrared thermometer, and others.
The COVID-19 pandemic has affected almost every industry including the healthcare industry. The outbreak of the pandemic resulted into stringent regulations and implication of worldwide lockdowns. The stringent lockdowns and coronavirus pandemic norms witnessed the disruption in production, manufacturing, transportation, and supply chain of various commodities. The outbreak of the disease further created a dramatic dropdown in many economical activities. However, the increasing demand for non-contact thermometers for identifying the new cases of coronavirus expanded the growth of the body temperature monitoring market to a notable degree.
Market Trends, Drivers, Restraints and Opportunities
- Rising manufacturing activity across a range of industries and growing technological advancements are the major factor propelling the market expansion during the projected period.
- Increasing adoption of body temperature monitors in hospitals, clinics, & home care settings and surge in demand for portable body temperature monitors are expected to spur the market expansion in the coming years.
- Growing demand for non-contact thermometers and rising prevalence of chronic and infectious diseases are expected to support the growth of this market during the forecast period.
- Moderate level consolidation and reduction in adoption of contact thermometers are some of the factors expected to hamper the market growth during the forecast period.
- Increasing industrial investments and presence of supportive reimbursement policies in healthcare systems are expected to create numerous opportunities for the market growth in the long run.
Scope of the Report
The report on the South America body temperature monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Body Temperature Monitoring Market - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Product Types (Contact [Mercury Thermometers, Digital Thermometers, Disposable Thermometers, Infrared Thermometer, and Others] and Non-contact [Thermal Scanners and Non-contact IR Thermometers]), Applications (Ear, Oral Cavity, Rectum, and Others), and End-users (Hospitals, Homes, and Clinics)
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Geographical Scope
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Brazil, Mexico, Colombia, Argentina, and Rest of South America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M Company; Hill-Rom Services, Inc.; Omron Corporation; Exergen Corporation; and Microlife Corporation
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South America Body Temperature Monitoring Market Segment Insights
Digital thermometers sub-segment is projected to expand at a robust CAGR
On the basis of product types, the market is bifurcated into contact and non-contact. The contact segment is further segregated as mercury thermometers, digital thermometers, disposable thermometers, infrared thermometer, and others. The non-contact segment is categorized as thermal scanners and non-contact IR thermometers. The digital thermometers sub-segment is projected to expand at a robust CAGR during the forecast period owing to the growing demand for advanced digital thermometers based on electrical and infra-red type sensors to avoid mercury toxicity. Moreover, the low cost, high accuracy, and ease of use associated with the digital thermometer are expected to boost the regional growth of the market segment in the coming years. On the other hand, the non-contact segment is anticipated to hold a significant market share during the forecast period owing to the rising demand for adoption of non-contact-based temperature monitoring systems in hospitals and clinics. Moreover, the rising incidences of infectious diseases and increasing consumer awareness regarding the benefits of non-contact medical devices are projected to grow the market segment during the forecast period.
Oral cavity segment is anticipated to hold a significant market share
Based on applications, the market is segmented into ear, oral cavity, rectum, and others. The oral cavity segment is anticipated to hold a significant market share during the forecast period due to the high reliability, low cost, and easy operation. However, the rectum segment is anticipated to expand at a considerable pace owing to the increasing demand for rectal thermometers due to accurate readings. Additionally, the infants and older adults cannot hold an oral thermometer under the tongue long enough for a temperature reading. Therefore, the rising demand for infants and aging population convenience is anticipated to expand the market segment in coming years.
Hospitals segment is expected to grow at a rapid pace
On the basis of end-users, the market is segregated into hospitals, homes, and clinics. The hospitals segment is expected to grow at a rapid pace during the forecast period owing to the growing demand for adoption of non-contact thermometers and digital thermometers. Furthermore, the increasing standardization of hospitals and rising hospitalization of chronic disease patients are expected to boost the regional growth of the market segment in the coming years. On the other hand, the homes segment is anticipated to hold a significant market share during the forecast period owing to the rising demand for home-based monitoring devices. Moreover, the increasing prevalence of serious diseases and growing geriatric population are expected to grow the market segment during the forecast period.
Brazil market is anticipated to constitute a key market share
In terms of geography, the market is classified as Brazil, Mexico, Colombia, Argentina, and Rest of South America. Brazil is anticipated to constitute a key share of the market during the projected period owing to growing demand for advanced medical facilities. Moreover, the rising prevalence of infectious diseases and increasing aging population are the major reasons behind the rapid expansion of the market in the country. Furthermore, increasing number of surgical procedures is expected to spur the growth of the market in the country. On the other hand, the market in Argentina is anticipated to exhibit a robust CAGR during the forecast period due to the growing demand for advanced temperature monitoring devices in the country.
Segments
Segments Covered in the Report
The South America body temperature monitoring market has been segmented on the basis of
Product Types
- Contact
- Mercury Thermometers
- Digital Thermometers
- Disposable Thermometers
- Infrared Thermometer
- Others
- Non-contact
- Thermal Scanners
- Non-contact IR Thermometers
Applications
- Ear
- Oral Cavity
- Rectum
- Others
End-users
Geography
- Brazil
- Mexico
- Colombia
- Argentina
- Rest of North America
Key Players
- 3M Company
- Hill-Rom Services, Inc.
- Omron Corporation
- Exergen Corporation
- Microlife Corporation
Competitive Landscape
Key players competing in the South America body temperature monitoring market are 3M Company; Hill-Rom Services, Inc.; Omron Corporation; Exergen Corporation; and Microlife Corporation. The companies are focusing on marketing strategies, acquisitions, product launches, and collaborations with other industry players to increase their market sales.
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