Body-Worn Temperature Sensors Market Future Scope


Research Nester released a report titled “Body-Worn Temperature Sensors Market: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of the global body-worn temperature sensors market in terms of market segmentation by type, application, and by region

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Research Nester released a report titled “Body-Worn Temperature Sensors Market: Global Demand Analysis Opportunity Outlook 2030″ which delivers detailed overview of the global body-worn temperature sensors market in terms of market segmentation by type, application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global body-worn temperature sensors market is projected to grow with a notable CAGR during the forecast period, i.e., 2022-2030. The growing prevalence of chronic diseases and the increasing adoption of sensor-based technology globally are estimated to boost the growth of the market. Moreover, the expanding interest of masses in adopting sensor technology in the form of smartwatches, accessories, and patches is anticipated to boost the market growth. Additionally, the increasing trend of health-consciousness among the younger population is further expected to boost the market growth.

The market is segmented on the basis of sensor type into biosensors, smartwatches, wearable patches, hand-worn terminals, smart clothing, and others, out of which the smartwatches segment is anticipated to grab a significant share by the end of 2021, on account of the various advantages of smartwatches, including monitoring physiological conditions and maintaining body temperature. Moreover, smartwatches also help improve health and boost activity levels, and are easy to wear. Additionally, smartwatches are being increasingly adopted by the younger generation as an accessory, which is further estimated to boost segment growth.

Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. The market in the Asia Pacific region is projected to grow at the highest CAGR throughout the forecast period, owing to the increasing adoption of technology amongst the population of the developing countries. Currently, the market in North America holds the largest share, accounting to the presence of the most advanced technology through research and development, accompanied by leading sensor manufacturers and providers in the region.

Increasing Health Consciousness Among the Population to Drive the Market Growth

According to the World Bank, the global life expectancy at birth is increasing every year and has reached 72.742% in 2019 from 70.557% a decade ago. The increasing life expectancy indicates a healthy lifestyle and increasing health consciousness among the population.

Body-worn temperature sensors provide various benefits, such as, monitoring heart rate, body temperature, and pulse rate. The increasing awareness regarding fitness and health in people of all age groups, especially in millennials and Gen-Z, is estimated to boost the market growth for body-worn temperature sensors.

However, the high cost associated with body-worn temperature sensors might hinder the market growth.

This report also provides the existing competitive scenario of some of the key players of the global body-worn temperature sensors market which includes company profiling of Texas Instruments Inc., Panasonic Corporation, Maxim Integrated, STMicroelectronics, Texas Instruments Inc., Infineon Technologies AG, Freescale Semiconductor Inc., Measurement Specialties Inc., General Dynamics Corporation, and Analog Devices Inc.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global body-worn temperature sensors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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