Market Size of South America Body Temperature Monitoring Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 108.06 Million |
Market Size (2029) | USD 153.18 Million |
CAGR (2024 - 2029) | 7.23 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Temperature Monitoring Market Analysis
The South America Body Temperature Monitoring Market size is estimated at USD 108.06 million in 2024, and is expected to reach USD 153.18 million by 2029, growing at a CAGR of 7.23% during the forecast period (2024-2029).
COVID-19 has had a significant positive impact on the market as the utilization of body temperature monitoring devices was higher during the pandemic. Fever is one of the most crucial symptoms of covid infection which led to increasing awareness among the general population about monitoring body temperature monitoring across the globe. Body temperature monitoring devices such as Thermometers have played a vital role during this pandemic in measuring the body temperature to identify potentially infected patients. Moreover, recent innovations in the form of non-contact body temperature measuring devices have helped curb the spread of the virus even further. According to the study 'Reliability of Non-Contact Infrared Thermometers for Fever Screening Under COVID-19' published in March 2022, neck temperature had the highest accuracy among the four non-contact infrared thermometers (NCITs) temperature measurement sites, with an optimum fever diagnostic threshold of 37.35°C. Therefore, triple neck temperature detection with NCITs as the fever screening standard for COVID-19 is recommended. Thus, there is an increasing demand for infrared thermometers during COVID-19, which has positively impacted the market growth.
The South American body temperature monitoring market is a market with future potential. It is growing rapidly due to an increase in the prevalence of new and re-emerging infectious diseases in the countries in this region. The main driving force for this market is the rising consumer awareness of the importance of monitoring body temperature as it is an effective way to detect infections before clinical diagnosis. Additionally, according to the United Nations AIDS (UN-AIDS) data 2022, in 2021, 960,000 people were living with HIV in brazil compared to 640,000 in 2010. Furthermore, an increase in demand for non-contact thermometers, as the use of infrared (IR) thermometers and non-contact thermometers were extremely useful for identifying the new cases of an outbreak caused by the Ebola virus and pandemics such as COVID-19.
Hence, owing to the above-mentioned factors, the market studied is expected to witness strong growth over the forecast period.
South America Temperature Monitoring Industry Segmentation
As per the scope of the report, the South America body temperature monitoring device is a common temperature measuring tool used in daily life. It is crucial for ensuring safe and efficient patient care. The South American Body Temperature Monitoring Market is segmented by Product (Contact, Non-Contact), Application (Oral Cavity, Rectum, Ear, Other Applications), End-User (Hospitals, Clinics, Homes), and Geography (Brazil, Argentina, Rest of South America). The report offers the value (in USD million) for the above segments.
By Product | |
Contact | |
Non-Contact |
By Application | |
Oral Cavity | |
Rectum | |
Ear | |
Other Applications |
By End User | |
Hospitals | |
Clinics | |
Homes |
Geography | |
Brazil | |
Argentina | |
Rest of South America |
South America Body Temperature Monitoring Market Size Summary
The South American body temperature monitoring market is poised for significant growth, driven by the increasing prevalence of infectious diseases and heightened consumer awareness of the importance of temperature monitoring. The COVID-19 pandemic has notably accelerated market expansion, as the demand for body temperature monitoring devices surged to identify potentially infected individuals. Innovations such as non-contact infrared thermometers have further bolstered market growth by offering effective fever screening solutions. The market is characterized by a shift towards digital and non-contact thermometers, which are gaining popularity due to their ease of use, accuracy, and safety features, particularly in households and healthcare settings.
The market landscape in South America is competitive and fragmented, with several key players like 3M Company, Welch Allyn Inc., Omron Corporation, and Microlife Corporation leading the charge. The aging population in countries like Brazil, coupled with the ongoing demand for advanced temperature monitoring solutions, is expected to drive further market expansion. Technological advancements and the introduction of innovative products, such as Apple's upcoming watch with body temperature monitoring capabilities, are set to enhance market dynamics. The focus on cost-effective and accurate monitoring devices continues to support the market's growth trajectory, as local players actively develop solutions to meet the rising demand.
South America Body Temperature Monitoring Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Demand for Non Contact Temperature Monitoring Due to Growing Burden of Infectious Diseases
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1.2.2 Advancements in Product Technologies
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1.3 Market Restraints
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1.3.1 Issues and Drawbacks Related to Thermometers
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size - Value in USD million)
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2.1 By Product
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2.1.1 Contact
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2.1.2 Non-Contact
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2.2 By Application
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2.2.1 Oral Cavity
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2.2.2 Rectum
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2.2.3 Ear
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2.2.4 Other Applications
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Clinics
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2.3.3 Homes
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2.4 Geography
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2.4.1 Brazil
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2.4.2 Argentina
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2.4.3 Rest of South America
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South America Body Temperature Monitoring Market Size FAQs
How big is the South America Body Temperature Monitoring Market?
The South America Body Temperature Monitoring Market size is expected to reach USD 108.06 million in 2024 and grow at a CAGR of 7.23% to reach USD 153.18 million by 2029.
What is the current South America Body Temperature Monitoring Market size?
In 2024, the South America Body Temperature Monitoring Market size is expected to reach USD 108.06 million.