Body Worn Temperature Sensors Market size was valued at USD 84.5 million in 2023 and is expected to exceed USD 1.35 billion by 2036, registering over 23.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of body worn temperature sensors is assessed at USD 100.59 million. owing to the ability of remote patient monitoring in the sensors. Furthermore, presence of other effective tracking and measurement of bodily activities integrated into the body-worn temperature sensors, such as, pulse rate, heart rate, oxygen level, and body temperature, are expected to drive the market growth. Physiological monitoring helps diagnose and examine the ongoing treatment of numerous individuals with neurological, cardiovascular, and pulmonary disorders. Increasing prevalence of these diseases is anticipated to boost the market growth. Additionally, the ever-increasing trend of health-consciousness among informed individuals covering all age groups is also expected to boost the market growth. Also, the global body-worn temperature sensors market is witnessing increasing demand from various verticals, such as clinical, mechanical, and infotainment, which is further estimated to promote the body worn temperature sensors market growth.
Growth Drivers
Challenges
2023 |
|
Forecast Year |
2024–2036 |
CAGR |
23.8% |
Base Year Market Size (2023) |
USD 84.5 million |
Forecast Year Market Size (2036) |
USD 1.35 billion |
Regional Scope |
|
The market is segmented based on sensor type into biosensors, smartwatches, wearable patches, hand-worn terminals, smart clothing, and others. The smartwatches segment is anticipated to grab the most significant share by the end of 2021 on account of the ease of wearing the smartwatches as wristwatches. Other than updating about temperature and physiological conditions, smartwatches also help improve health and boost activity levels and maintain the body temperature quickly, which is estimated to boost the growth of the segment.
Based on application, the healthcare and medical segment in the body worn temperature sensors market is projected to grow with a significant CAGR over the forecast period. The segment growth can be attributed to the fact that healthcare and medical sectors are early adopters of technological equipment, and an increasing number of patients need improved quality care, hence adopting body-worn temperature sensors.
Our in-depth analysis of the global market includes the following segments:
Type |
|
Application |
|
Geographically, the body worn temperature sensors market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is anticipated to hold largest revenue share by 2036, owing to increased investments by the government on improving healthcare infrastructure in the region. Moreover, technological advancements in China, Japan, and India in the biosensors and wearable technology sector are expected to boost market growth.
Furthermore, the market in North America is evaluated to occupy the largest share in terms of revenue in 2021. This can be accounted to the adoption of the most advanced technology through research and development, accompanied by leading sensor manufacturers and providers in the region. Along with this, increasing adoption of wearable technology, is also expected to contribute to the body worn temperature sensors market growth in the region.
June 2021: Huawei launched Huawei Watch 3, with improved features, such as, SpO2 sensors, continuous heart rate monitoring, and a temperature sensor. The watch is swim-proof and supports reverse wireless charging, 4G LTE connectivity, built-in GPS, and, offers voice and video call support.
Author Credits: Radhika Pawar
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