Market Challenges And Opportunities

Global Body Temperature Monitoring Market: Market Drivers:

Rising incidence of infectious diseases to propel market growth

One of the key factors expected to augment the growth of the global body temperature monitoring market over the forecast period is the increasing prevalence of infectious diseases across the world. For instance, the spread of highly infectious diseases is increasing in the demand for temperature monitoring devices worldwide. In July 2022, the World Health Organization (WHO) reported that WHO Global Influenza Surveillance and Response System (GISRS) laboratories tested more than 317,198 specimens obtained from in 99 countries from December 27, 2021 to January 9, 2022. Of which, 16,862 people were positive for influenza viruses.

Growing geriatric & pediatric population to drive market growth

Another factor which is driving the growth of the global body temperature monitoring market is the growing geriatric and pediatric population worldwide. For instance, with the growing geriatric and pediatric population, the demand for temperature monitoring devices is also increasing, as this population is more prevalent to disease, such as fever, sour throat, and cold & cough. India is home to largest number of children in the world. According to the World Health Organization (WHO), one in six people in the world will be aged 60 years or over by 2030, and the world’s population of people aged 60 years and older will double (2.1 billion) by 2050.

Global Body Temperature Monitoring Market Opportunities:

High demand for temperature monitoring devices across the globe is expected to offer significant growth opportunities for players in the global body temperature monitoring market. For instance, with the increasing prevalence of infectious diseases, the demand for advanced/digital temperature monitoring devices is also increasing rapidly. In July 2021, Hicks announced the launch of Hicks DT-12 Digital Thermometer, which comes with extraordinary features such as memory, a beeper, and an automatic shut-off facility. Hicks new Digital Thermometer provides accurate temperature and can be used orally, rectally, under the arm.

The outbreak of COVID-19 across the world is expected to offer significant growth opportunities for players in the body temperature monitoring market. For instance, in June 2021, iWEECARE Co., Ltd. announced the launch of the Temp Pal Medical Pandemic Prevention Support Program to help medical facilities implement a ‘Remote Zero-Touch Temperature Monitoring System. This system monitors body temperature readings of hundreds of patients at the time, not only allowing remote detection of dangerous fevers in COVID-19 patients, but also significant reductions in virus exposure and infection risk to medical workers.

Global Body Temperature Monitoring Market Restraints:

Concerns about the use of infrared thermometers to hinder market growth

One of the key factors expected to hinder growth of the global body temperature monitoring market is the concerns about the use of infrared thermometers. Though infrared thermometers are able to record the body temperature without making physical contact and eliminate the risk of contagious infections, there are concerns about the use of these thermometers. Infrared ear thermometers can show low readings, if they are not properly used. Moreover, there are chances of errors in readings, if the lens on the thermometer is dirty. Therefore, the users have to be sure to keep the lens clean. As per the Medicines & Healthcare products Regulatory Agency (MHRA), infrared thermometers should always be used in accordance with the manufacturers' guidelines.

Issues related to rectal thermometers to hamper the market growth

Another factor which is hampering the growth of the global body temperature monitoring market is the issues related to rectal thermometers. Rectal temperature is often considered more accurate than oral or axillary temperature, owing to potential alterations in the mouth and skin temperatures caused by ambient conditions. However, readings offered by rectal thermometers vary depending on the depth/insertion and presence of faces and other bacteria in the rectum. The procedure may cause great discomfort as well. Furthermore, there is a risk of spreading contagious diseases. There have been cases of rectal perforation in infants, due to rectal thermometers. This in turn is expected to hamper the demand for rectal thermometers.