Body Worn Temperature Sensor Market: Current Analysis and Forecast (2022-2028)

Report Description

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The body worn temperature sensor market is expected to register a CAGR of approx. 25% over the period of 2022-2028. Body worn temperature sensors continuously monitor the health aspects such as body temperature, heart rate and pulse rate in infants, elders and patients. Temperature sensors are embedded in wearable devices to monitor temperature and other bodily activities. The growing demand for body worn temperature sensor can be attributed to the increased technological advancements and expanding need of portable medical equipment. For instance, the market for temperature sensors is expanding mostly due to the rising popularity of portable and wearable healthcare devices integrated into normal consumer products. Furthermore, the body worn temperature sensor is anticipated to grow on account of the increased adoption of environmentally friendly products. For instance, in December 2022, Heimann Sensor’s introduced infrared arrays to enable a targeted use of cooling and heating capacity with its infrared presence detection in medical applications such as fever measurement and capnography (measurement of the carbon dioxide content in a patient’s exhaled air). However, high price of the sensors and gradual acceptance of these medical equipment are the major factors inhibiting the global market growth.

Some of the major players operating in the market include Panasonic Holdings Corp, Texas Instruments Incorporated, Infineon Technologies AG, Siemens AG, Sensirion AG, Heimann Sensor GmbH, AMSYS GmbH & Co. KG, Analog Devices, Inc, Allegro MicroSystems, Inc, and STMicroelectronics. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

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Insights Presented in the Report

“Amongst type, the smartwatch category accounted for the significant share in the market in 2021”

Based on type, the body worn temperature sensor market is segmented into Smart Watch, Biosensors, Wearable Patches, Hand Worn Terminals, and others. The smartwatch segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. The smartwatch segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Globally, a sizable portion of the young population uses smartwatch for various functions such as fitness tracking which help monitor health.

“Amongst end user, the healthcare and medical category is expected to witness considerable CAGR during the forecast period”

Based on end user, the market is fragmented into Healthcare and Medical, Military, Infotainment, and Others. The healthcare and medical enterprises segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Growing concern regarding chronic diseases coupled with the increasing market penetration in the healthcare segment is also expected to favorably impact the body worn temperature sensors market growth. Technology and services in the healthcare industry are advancing quickly due to modern technological innovations. A recent advancement in this field is remote patient monitoring, which has several benefits in an increasing world population with rising health issues.

Body worn temperature sensor Market Report Coverage

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“North America to witness significant growth during the forecast period”

North America constitutes a major market for the body worn temperature sensor industry owing to increasing adoption of smartwatches, fitness bands, and wearable medical monitoring devices. The market is anticipated to increase as a result of rising demand for wearable technology across a variety of end user sectors. Due to the more portable and compact nature of these temperature sensors, the market is anticipated to grow over the forthcoming years.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Global body worn temperature sensor market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Global Body worn temperature sensor Market Analysis (2022-2028)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global body worn temperature sensor market were the three major steps undertaken to create and analyze the adoption of body worn temperature sensor in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global body worn temperature sensor market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the body worn temperature sensor market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the body worn temperature sensor market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the type and end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the body worn temperature sensor market. Further, we conducted factor analysis using dependent and independent variables such as an increased technological advancements and the growing expanding need of portable medical equipment, etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the body worn temperature sensor market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global body worn temperature sensor market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

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• The industry’s market size, in terms of revenue (USD) and the adoption rate of the body worn temperature sensor market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global body worn temperature sensor market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global body worn temperature sensor market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and end user in the global body worn temperature sensor market.

The main objective of the Global Body worn temperature sensor Market Study

The current & future market trends of the global body worn temperature sensor market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the body worn temperature sensor market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type and end user.
• Define and analysis of the regulatory framework for the body worn temperature sensor market industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the body worn temperature sensor market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
• Company profiles of the body worn temperature sensor market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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