The global temperature monitoring devices market is expected to develop at a CAGR of 6.4% during the forecast period. The market value is projected to increase from USD 10.7 billion in 2024 to USD 17.68 billion by 2034. The market was valued at USD 9.50 billion in 2023 and exhibited a Y-o-Y growth of 2.5% in 2022.
Market Outlook:
Temperature monitoring devices help maintain optimal temperature conditions for various applications, such as preserving product integrity, ensuring patient safety, preventing spoilage, and supporting process efficiency.
The temperature monitoring devices market is expected to experience substantial growth over the forecast period due to the increasing demand for better healthcare services and the rising adoption of wireless and digital temperature monitoring devices. Additionally, the market is anticipated to grow due to healthcare professionals' growing reliance on thermometers to assess patients' health.
| Data Points | Market Insights |
|---|---|
| Market Value, 2023 | USD 9.50 billion |
| Market Value, 2024 | USD 10.7 billion |
| Market Value, 2034 | USD 17.68 billion |
| CAGR 2024 to 2034 | 6.4% |
| Market Share of Top 5 Countries | 52.7% |
| Key Market Players | 3M; Testo AG; Terumo Corporation; Siemens AG; Rees Scientific; Omron Healthcare; Monnit Corporation; Honeywell; Deltatrack; Cosinuss GmbH; Abb Ltd.; SensoScientific Inc.; Omega Engineering, Kelsius Ltd.; and Emerson Electric |
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The sales of temperature monitoring devices expanded at a CAGR of 12.7% during the historical period; the temperature monitoring devices market has been witnessing steady growth. The market has been driven by factors such as increasing awareness about the importance of temperature monitoring in various industries, stringent regulatory requirements in sectors like healthcare and food safety, and technological advancements in temperature monitoring devices.
| Data Points | Market Insights |
|---|---|
| Market Value, 2023 | USD 9.50 billion |
| Market Value, 2019 | USD 6.81 billion |
| CAGR 2024 to 2034 | 12.7% |
The COVID-19 pandemic also had an impact on the market, as temperature monitoring became crucial for screening individuals and controlling the spread of the virus. This led to a surge in demand for temperature monitoring devices, particularly infrared thermometers and contactless temperature measurement solutions.
Furthermore, it is necessary to regularly check the temperature of patients with other chronic diseases, particularly when hospitalized. This is because temperature monitoring provides an overview of how well the patient's body is functioning.
The rising patient awareness and rising health consciousness are two additional key drivers of market expansion. There is also an increase in awareness among other industries, including the chemical, food, and pharmaceutical industries. In these businesses, maintaining a certain temperature during various product development phases is a crucial step. Thus, owing to the factors mentioned above, the global temperature monitoring devices market registered a valuation of USD 9.50 billion in 2023.
Rectum temperature monitoring, however, can hamper the growth of the market. To monitor the temperature of the rectum, a temperature catheter is introduced through the anus and several centimeters into the rectum. These devices may not be used due to issues including the prolonged monitoring period, related privacy and discomfort to the patient, the high risk of intestinal injury, and the presence of feces that prevent the thermometer from hitting the intestine wall.
Increasing technical innovation has resulted in the introduction of novel products. For instance, in 2020, American Diagnostics Corporation introduced the Adtemp 429 thermometer, which monitors temperature without making direct contact with the skin and reduces the possibility of cross-contamination.
Thus, it is anticipated that rising consumer demand for quick, sensitive thermometers will help propel the market. Additionally, the production of wearable temperature monitoring devices is the main emphasis of businesses in the market for such devices.
A digital thermometer that is worn on the body measures temperature via touch or patch. It enables continuous temperature monitoring and is connected to smart devices like laptops, tablets, and mobile phones. Wearable temperature monitoring products like the Fitbit and Apple Watch, temperature strips, and temperature patches are frequently used to check the temperature.
Principal Consultant
| Countries | CAGR |
|---|---|
| The United States | 5.2% |
| China | 4.4% |
| The United Kingdom | 4.7% |
| Japan | 4.1% |
| Germany | 4.6% |
The United Kingdom holds an 18.1% share of the market in 2022 and is projected to display a lucrative CAGR of 4.7% during the forecast period.
The United Kingdom government has placed considerable emphasis on improving food safety. Temperature monitoring is a critical component of food safety, helping to prevent foodborne illness and ensuring that food is safe for consumption. This has created a significant demand for temperature monitoring devices in the food and beverage industry, which contributes to the market growth.
The United States temperature monitoring devices are leading in the North American region, with a market value share of 89.2% in 2022. The market is likely to record a growth of 5.2% through the forecast period.
The market is expanding due to major companies in this area, strategic alliances, and new product launches by these key players. For example, Recon Health unveiled the world's first health patch with core body temperature monitoring in December 2021, powered by the greenTEG CALERA Core Body Temperature Sensor.
Germany is set to exhibit a CAGR of nearly 4.4% from 2024 to 2034 due to a surge in non-contact temperature sensors in cold chain, food and beverage, and pharmaceuticals, among others.
In Germany, an increase in government efforts increased funding for research and development of temperature monitoring devices, and a rise in innovative products and their approvals drives the market. Additionally, the convenience of modern healthcare systems, ongoing advancements in body temperature monitoring technology, and a considerable increase in demand for progressive healthcare facilities all contribute to the market's expansion.
| Product Type | Non-contact Temperature Monitoring |
|---|---|
| CAGR | 6.0% |
Non-contact-based temperature monitoring systems are expected to register a CAGR of 6.0% by the end of the forecast period, with a market share of about 54.3% in the global market in 2022.
The growing reliance of healthcare professionals on the use of non-contact thermometers to check patients' health conditions is likely to propel the market. The ever-increasing importance of continuous temperature monitoring and the rise in manufacturing and research and development activities are all contributing factors to the growth of the non-contact-based temperature monitoring devices market.
For instance, thirteen states of the United States have banned traditional mercury-in-glass thermometers and are encouraging the use of non-contact thermometers. The government has banned the production and distribution of mercury thermometers.
This is done to remove the possibility of glass thermometer breakage and the subsequent release of environmentally toxic mercury vapor at home. Infrared thermometer sales increased as a result of mercury thermometers being replaced by electronic models.
| Application | Oral Cavity |
|---|---|
| CAGR | 7.2% |
The oral cavity holds a revenue share of 48.4% in 2022 and is expected to display gradual growth, with an estimated rate of 7.2% through 2034. Oral cavity application for temperature monitoring is easy to use and comfortable for the patient. Also, they are more accurate; hence, they hold a significant share of the market.
| End User | Hospitals & Clinics |
|---|---|
| CAGR | 7.3% |
Hospitals and clinics hold the leading market share value of 42.5% in 2022. The rise in the number of government initiatives to assure a high degree of infectious disease preventive measures, as well as an increase in the use of novel body temperature monitoring equipment in hospitals and clinics, drive the growth of this segment.
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The market for temperature monitoring devices is fragmented, and there exist several local, emerging, and established players within the market sphere.
These companies are using strategies including mergers and acquisitions, partnerships and collaborations, and new product releases to fulfill consumer demand and increase their customer base.
Recent Development
| Attribute | Details |
|---|---|
| Historical Data Available for | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Market Analysis | USD billion for Value, Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Argentina, The United Kingdom, Germany, Italy, Russia, Spain, France, BENELUX, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Türkiye, GCC, and South Africa |
| Key Market Segments Covered | Product Type, Application, End User, and Region |
| Key Companies Profiled | 3M; Testo AG; Terumo Corporation; Siemens AG; Rees Scientific; Omron Healthcare; Monnit Corporation; Honeywell; Deltatrack; Cosinuss GmbH; Abb Ltd.; SensoScientific, Inc.; Omega Engineering; Kelsius, Ltd.; Emerson Electric |
| Pricing | Available upon Request |
The global temperature monitoring devices market is worth USD 9.50 billion in 2023.
The temperature monitoring devices market is expected to reach USD 17.68 billion by the end of 2034, with sales revenue expected to register a 6.4% CAGR.
An increase in surgical procedures as well as the frequency of infectious diseases.
China is expected to register a growth of 4.4% throughout the forecast period.
Demand for temperature monitoring devices in Europe is expected to register a growth of 6.4% over the next ten years.
China, the United States, and the United Kingdom are the leading countries in the market.
3M, Testo AG, Terumo Corporation, Siemens AG, Rees Scientific, and Omron Healthcare are some key players in the temperature monitoring devices industry.
1. Executive Summary 2. Market Overview 3. Market Trends & Dynamics 4. Value Added Insights 5. Market Background 6. Global Market Demand Analysis 2012 to 2022 and Forecast, 2023 to 2033 7. Global Market - Pricing Analysis 8. Global Market Demand (in Value or Size in USD Million) Analysis 2012 to 2022 and Forecast, 2023 to 2033 9. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, by Product 9.1. Contact-based Temperature Monitoring Systems 9.2. Non-contact-based Temperature Monitoring System 10. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, By Application 10.1. Oral Cavity 10.2. Rectum 10.3. Ear 10.4. Others 11. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, by End User 11.1. Hospitals & Clinics 11.2. Ambulatory surgery centers 11.3. Home care settings 11.4. Others 12. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, by Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. South Asia 12.5. East Asia 12.6. Oceania 12.7. Middle East & Africa 13. North America Market Analysis 2012 to 2022 and Forecast 2023 to 2033 14. Latin America Market Analysis 2012 to 2022 and Forecast 2023 to 2033 15. Europe Market Analysis 2012 to 2022 and Forecast 2023 to 2033 16. East Asia Market Analysis 2012 to 2022 and Forecast 2023 to 2033 17. South Asia Market Analysis 2012 to 2022 and Forecast 2023 to 2033 18. Oceania Market Analysis 2012 to 2022 and Forecast 2023 to 2033 19. Middle East & Africa Market Analysis 2012 to 2022 and Forecast 2023 to 2033 20. Market Structure Analysis 21. Competition Analysis 21.1. 3M 21.2. Testo AG 21.3. Terumo Corporation 21.4. Siemens AG 21.5. Rees Scientific 21.6. Omron Healthcare 21.7. Monnit Corporation 21.8. Honeywell 21.9. Deltatrack 21.10. Cosinuss GmbH 21.11. Abb Ltd. 21.12. SensoScientific, Inc. 21.13. Omega Engineering 21.14. Kelsius, Ltd. 21.15. Emerson Electric 22. Assumptions and Acronyms Used 23. Research Methodology
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Temperature Monitoring Device Market
