Body-Worn Temperature Sensors Market is Expected to Reach USD 93.4 Million in 2020: Transparency Market Research
ALBANY, New York, October 8, 2015 /PRNewswire/ --
According to a new market report published by Transparency Market Research Body-Worn Temperature Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020"was valued at USD 7 million in 2013 and is estimated to grow at a CAGR of 45.7% during the forecast period from 2014 to 2020 and reach USD 93.4 million by 2020.
The global body-worn temperature sensors market is a niche market with a handful of players dominating the market. Body-worn temperature sensors effectively monitor and measure bodily activities such as body temperature, heart rate and pulse rate among others. The wearable sensors used in fitness and wellness segment help to monitor emotions and activities, whereas these sensors used in healthcare segment examine vital signs of diseases and enhance senses and temperature. Therefore, the wide implementation of wearable temperature sensors in the healthcare segment is fuelling the growth of the market. Moreover, the compactness and portability of wearable temperature sensors are expected to positively drive the market in the coming years. In addition, increasing demand for smart watches, hand-worn terminals and heads-up displays is driving the growth of the infotainment and industrial sectors at present. Overall, the factors discussed above are expected to impact the growth of body-worn temperature sensors market positively during the forecast period from 2014 to 2020.
Full Research Report on Body-Worn Temperature Sensors Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/body-worn-temperature-sensors-market.html
The global body-worn temperature sensors market by type is divided into eight segments: motion sensors, pressure sensors, temperature sensors, position sensors, inertial sensors, medical based sensors, image sensors and others. By revenue, motion sensors were the largest contributor to the market whereas by volume temperature sensors occupied a larger share. The wide implementation of these sensors in different sectors such as fitness and wellness, healthcare and medical is driving the market.
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By care setting, the global body-worn temperature sensors market can be classified into four sub-segments: hospital, home, outpatient clinic and long-term care facility. Hospital segment accounted for the largest market share, both in terms of value and volume in 2013. This is due to the wide implementation of wearable temperature sensors in the hospital segment for self-monitoring different bodily activities. Moreover, these sensors help to automatically record body temperature, heart rate and pulse rate among others at regular intervals, thus supporting the growth of the body-worn temperature sensors market globally.
By patient demographic global body-worn temperature sensors market is divided into four sub-segments: infant (0-24 months), child (2-16 years), adult (17-69 years) and elderly (70 and above). The adult age group occupied the largest market compared to the other sub-segment both in terms of revenue and volume. Body-worn temperature sensors contain wireless connectivity and advanced circuit architecture, which can enhance the performance of these devices. Therefore, high acceptance of these technologically advanced products is fueling the growth of the body-worn temperature sensors market in the adult (17-69 years) age group. Moreover, large number of customers primarily factory workers and athletes in this age group, who need constant monitoring and measurement of bodily activities, is driving the growth of the market.
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In terms of applications, the global market is bifurcated into five segments: fitness and wellness, infotainment, healthcare and medical, clinical setting and industrial and military. Healthcare and medical segment held the largest share owing to increasing awareness towards infant care and rising technology integration in different devices across healthcare sector.
By end-use, the global body-worn temperature sensors market has been segmented into: manufacturing, retail, trade and transportation, government and public utilities, healthcare, media and entertainment, banking and financial services, telecommunication, information technology and others (including pharmaceuticals). The healthcare segment acquired the largest market share, both in terms of revenue and volume 2013. The compactness, portability and ease of use of body-worn temperature sensors are driving the market of the healthcare segment. Moreover, these sensors help to prevent the occurrence of chronic diseases by monitoring the physical activities at regular intervals.
The global body-worn temperature sensors market has been bifurcated into four broad regions: North America, Europe, Asia Pacific and RoW. In terms of value and volume, North America acquired the largest share in 2013. The region accounted for 42.2% of the global market in terms of value and 40.6% in terms of volume. Increased acceptance of technologically advanced wearable devices is driving the growth of the market in this region. Europe held the second largest market share and accounted for 33.2% of the global market in 2013 in terms of revenue and 31.8% in terms of volume.
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Some of the leading players in the body-worn temperature sensors market are Analog Devices Inc. (Norwood, USA), STMicroelectronics N.V. (Switzerland), Texas Instruments Inc. (Texas, USA), Maxim Integrated Products Inc (San Jose, USA) and Measurement Specialties Inc. (Hampton, USA) among others.
The report provides detailed analysis of the global body-worn temperature sensors market along with the estimates, in terms of revenue (USD Million) and volume (Million Units) for the forecast period from 2014 to 2020. Moreover, the body-worn temperature sensors market has been segmented on the basis of types; care setting, patient demographic, applications and end user industries .Cross sectional analysis of the global body-worn temperature sensors market into four major geographical segments have also been covered under the scope of the report.
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The market has been segmented as follows:
Body-Worn Temperature Sensors market, by Types:
- Motion Sensors
- Pressure Sensors
- Temperature Sensors
- Position Sensors
- Inertial Sensors
- Medical Based Sensors
- Image Sensors
- Others
Body-Worn Temperature Sensors market, by Care Setting
- Hospital
- Home
- Outpatient Clinic
- Long-Term Care Facility
Body-Worn Temperature Sensors market, by Patient Demographic
- Infant
- 0 - 24 months
- Child
- 2 - 16 years
- Adult
- 17 - 69 years
- Elderly
- 70 and above
Body-Worn Temperature Sensors market, by Application
- Fitness and Wellness
- Smart Clothing and Smart Sports Glasses
- Activity Monitors
- Sleep Sensors
- Infotainment
- Smart Watches
- Augmented Reality Head-Sets
- Smart Glasses
- Healthcare and Medical
- Continuous Glucose Monitor
- Drug Delivery
- Monitors
- Wearable Patches
- Temperature
- BP
- SPO2
- Clinical Setting
- PACU
- ED
- Inpatient
- Ambulatory/Surgical
- Dialysis
- LTC
- Industrial and Military
- Hand Worn Terminals
- Augmented Reality Headsets
Body-Worn Temperature Sensors market, by End Use
- Manufacturing
- Retail
- Trade and transportation
- Government and public utilities
- Healthcare
- Media and entertainment
- Banking and financial services
- Telecommunication
- Information technology
- Others
Body-Worn Temperature Sensors market, by geography: The market is broadly segmented on the basis of geography into:
- North America (the United States, Canada, Others)
- Europe (United Kingdom, Germany, Others)
- Asia Pacific (China, India, Others)
- Rest of the World (UAE, Brazil, Others)
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