The global Body Worn Temperature Sensors Market was valued at around USD 70.7 million in 2022. With a projected CAGR of 24.5% for the next ten years, the market is likely to reach a valuation of nearly USD 779.5 million by the end of 2033. Body-worn temperature sensors aid in examining and diagnosing individuals receiving ongoing therapy for cardiovascular, neurological, and pulmonary illnesses. The surge in such disorders in the recent past has triggered the demand for the body-worn temperature sensors market.
| Report Attributes | Details |
|---|---|
| Global Estimated Market Value (2023) | USD 86.9 million |
| Global Forecasted Market Value (2033) | USD 779.5 million |
| Global Market Growth Rate (2023 to 2033) | 24.5% CAGR |
| United States Market Growth Rate (2023 to 2033) | 34.5% CAGR |
| Key Companies Covered | Panasonic Corporation; Texas Instruments Inc.; Infineon Technologies AG; Freescale Semiconductor Inc.; Measurement Specialties Inc.; Siemens; General Electric Company; Sensirion AG Switzerland; Heimann Sensor GmbH; Dexter Research Center; MC10; Shimmer; Carre Technologies Inc; Isansys Ltd.; Maxim Integrated; MBIENTLAB INC; Adidas AG; Analog Devices, Inc.; TDK Corporation.; ZOLL Medical Corporation; 4B GROUP; Allegro MicroSystems, Inc.,; Koninklijke Philips N.V.; Amsys GmbH & Co. KG; Althen GmbH Mess- und Sensortechnik; STMicroelectronics |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Future Market Insights’ analysis reveals that 2022 revenue through the Body Worn Temperature Sensors Market was estimated at USD 70.7 million. Worldwide, the demand for more temperature sensors, as well as smaller sizes, higher accuracies, and improved dependability, is driven by shifting consumer and business trends as well as technological advancements. With an absolute dollar opportunity of USD 538.1 million, the market is projected to reach a valuation of USD 608.7 million by 2033.
The World Health Organization has reported that cardiovascular illnesses are the key cause of death globally, accounting for nearly 32% of all fatalities worldwide. There were 17.6 million documented fatalities in 2019 attributed to cardiovascular diseases like heart attacks and stroke. Remote patient monitoring and physiological monitoring both frequently use body-worn temperature sensors.
The market for temperature sensors is being driven by the expanding need for cutting-edge, portable medical equipment. The need for temperature sensors is growing as a result of new technologies such as sophisticated patient monitoring systems and portable health monitoring systems.
The aging population, declining lifestyle, and rising viral illnesses are projected to contribute to an increase in demand for portable medical equipment. In order to provide continuous patient health monitoring, wearable healthcare gadgets use temperature sensors. The market for temperature sensors is expanding mostly due to the rising popularity of portable and wearable healthcare devices integrated into normal consumer products.
Principal Consultant
Manufacturers of temperature sensors employ raw elements such as copper, cobalt, nickel, manganese, and iron alloy. The volatility of heavy metals in the market usually changes from USD 1 per kg to as high as USD 10 per kg. The profitability of the manufacturers is significantly impacted by supply and demand factors as well as price volatility for these materials. Continual global economic expansion in many emerging economies, trade tariffs, an increase in global demand, natural disasters, wars, and other political events, as well as the erratic nature of currency exchange rates, are all blamed for fluctuations in the price of these raw materials.
New and more effective sensors are possible owing to developments in materials science and engineering. Manufacturing has largely been at the forefront of integrating cutting-edge sensor technology. For instance, cutting-edge sensor technology has made it possible for the current revolution in computer-integrated manufacturing. The high expense of quality inspection is demonstrated by the global market which is becoming more competitive. Therefore, it is anticipated that high starting costs will negatively impact temperature sensor manufacturing and logistics.
North America dominated the Body Worn Temperature Sensors industry in terms of revenue. The region accounts for around 1/3rd of the global market share. Due to the increasing adoption of smartwatches, fitness bands, and wearable medical monitoring devices, North America is anticipated to maintain its geographical dominance. The market is anticipated to increase as a result of rising demand for wearable technology across a variety of application sectors. Due to the more portable and compact nature of these temperature sensors, the market is anticipated to grow over the forthcoming years. Body-worn sensors are already available in the market, including Nike's Fuel+ wristband and Jawbone UP. Furthermore, wearables, devices that allow users to hear messages and data rather than read them, are anticipated to result from technological developments in body-worn sensors. Industries like infotainment, fitness & wellness, clinical settings, healthcare and medical, industrial, and military are served by the body-worn temperature sensors market.
Over the projected period, the market for body-worn temperature sensors in North America is anticipated to be driven by a surge in demand across the application sectors including ambulatory/surgical, PACU, continuous glucose, and temperature, and BP monitoring. The key obstacles impeding the growth of the global market, are the high cost of the sensors and the slow adoption of these devices.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The United States will account for over USD 217 million of the global Body Worn Temperature Sensors Market by 2033. Body Worn Temperature Sensors Market growth from 2018 to 2022 was estimated at 34.5% CAGR. The Centers for Medicare & Medicaid Services (CMS) predicts that the average annual percent change in national health expenditures (NHE) in the United States from 2019 to 2020 was 5.2% from 4.5%. Additionally, it is anticipated that national health expenditure will total USD 6.2 billion by 2028, with an estimated USD 17.6 thousand expenditure per person. These are noteworthy signs that are expected to drive the market in the country in forthcoming years.
The market growth through the Healthcare and Medical segment expanded at a CAGR of 36.1% over the last six years. The World Health Organization reported that in 2017, the total cost of healthcare per person worldwide was around USD 1.0 to 2.5 thousand. Government healthcare spending in the United States increased from USD 3.5 thousand in 2008 to USD 5.3 thousand in 2018. The simplicity, reliability, and portability of body-worn temperature sensors have found its use in the healthcare sector. These are the key elements that have contributed to market expansion in recent years.
Body Worn Temperature Sensors manufacturing companies are largely setting up Joint ventures and aiming for investments in the R&D sector for creating innovative services and products. The key companies operating in the Body Worn Temperature Sensors market include Panasonic Corporation, Texas Instruments Inc., Infineon Technologies AG, Freescale Semiconductor Inc., Measurement Specialties Inc., Siemens, General Electric Company, Sensirion AG Switzerland, Heimann Sensor GmbH, Dexter Research Center, MC10, Shimmer, Carre Technologies Inc, Isansys Ltd., Maxim Integrated, MBIENTLAB INC, Adidas AG, Analog Devices, Inc., TDK Corporation., ZOLL Medical Corporation, 4B GROUP, Allegro MicroSystems, Inc., Koninklijke Philips N.V., Amsys GmbH & Co. KG, Althen GmbH Mess- und Sensortechnik, and STMicroelectronics.
Some of the recent developments by key providers of the Body Worn Temperature Sensors Market are as follows:
Similarly, recent developments related to companies providing services for Body Worn Temperature Sensors Market have been tracked by the team at Future Market Insights, which is available in the full report.
Trends include the need for continuous health monitoring, remote patient care, and the integration of wearable technology in healthcare.
They provide early detection of fever or temperature fluctuations, aiding in timely medical intervention and disease management.
These sensors are used in telemedicine, elderly care, sports performance monitoring, and clinical trials to collect accurate temperature data.
Insights include monitoring fever patterns, tracking changes in body temperature during physical activities, and assisting in detecting underlying health issues.
Challenges involve ensuring sensor accuracy, optimizing battery life for prolonged wear, and addressing privacy concerns related to health data collection.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Biosensors 5.2. Smart Watch 5.3. Smart Clothing 5.4. Wearable Patches 5.5. Hand worn Terminals 5.6. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Healthcare and Medical 6.2. Industrial and Military 6.3. Telecommunication 6.4. Information Technology 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Panasonic Corporation 17.2. Texas Instruments Inc. 17.3. Infineon Technologies AG 17.4. Freescale Semiconductor Inc. 17.5. Measurement Specialties Inc. 17.6. Siemens 17.7. General Electric Company 17.8. Sensirion AG Switzerland 17.9. Heimann Sensor GmbH 17.10. Dexter Research Center 17.11. MC10 17.12. Shimmer 17.13. Carre Technologies Inc 17.14. Isansys Ltd. 17.15. Maxim Integrated 17.16. MBIENTLAB INC 17.17. Adidas AG 17.18. Analog Devices, Inc. 17.19. TDK Corporation. 17.20. ZOLL Medical Corporation 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Technology Insights
View Reports
Body Worn Temperature Sensors Market
