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Temperature Monitor Patches Market Segmented By Product Type such as Curved temperature monitor patch and Flat temperature monitor patch with Applications such as Diagnostic, Monitoring, Imaging, Fitness and Sports, Wellness, Medical therapeutics, Others
Temperature monitor patches is a self-temperature monitoring system allowing users to effortlessly monitor the body temperature in real-time. Temperature monitor patches are mainly used for early diagnosis of disease of the human body by measuring body temperature. Temperature monitor patches monitors body temperature 24 hours and thus reduces the burden of doctors and nurses to check the body temperature again and again.
It is widely adopted for temperature monitoring purposes in the healthcare, and fitness & sports industry. Healthcare industry is gaining a patient’s satisfaction with the use of temperature monitor patches for early diagnosis of diseases. Also, maintenance of body temperature fluctuation become easy by checking body temperature with temperature monitor patches seamlessly.
This helps the healthcare professionals to track and monitor the health of the patients. Also, the advantage of temperature monitor patches in sports is gaining popularity as it helps the athletes to keep the track of their body temperature so that early diagnosis can be done.
The advantage of temperature monitor patches make the athletes perform, train and recover early from injuries is driving the temperature monitor patches market. Moreover, lifestyle change, increasing pollutions can limit the ability of the body to regulate temperature and also increase the prevalence of diseases and disorders such as fever, dehydration, heart disease and poor circulation which makes the need for temperature monitoring application more and is driving the market growth. However, it can only diagnose the disease which affects the temperature of the body. This is one of the drawbacks and can restraint the temperature monitor patches market growth.
The temperature monitor patches market is expected to grow at the highest CAGR during the forecast period. The main reasons for temperature monitor patches market growth are the rising awareness for wearable devices. The temperature monitor patches are lightweight, flexible, & user-friendly and patches offer convenience to patients.
Moreover, the healthcare industry is expected to drive the use of temperature monitor patches owing to its wireless connectivity that allows patients to monitor temperature during sleep and day to day activities. Additionally, rising per capita healthcare expenditure and disposable incomes and increasing consumer preference are also one of the reasons for driving the market growth.
However, the Health Insurance Portability and Accountability Act (HIPAA) agreements do not cover for the temperature monitor patches and this may restraint the market growth. Also, lack of awareness and negligence of health symptoms can also affect the temperature monitor patches market growth.
The global market for temperature monitor patches is segmented on basis of product type, applications, end user and geography.
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Temperature monitor patches are considered to be the fastest growing market. Diagnostic accounted for the largest market share market since it is widely used in the healthcare industry. Moreover, temperature monitor patches are also widely used in various medical areas such as long-term medical care, geriatric care, and childcare. The increasing application in the healthcare industry will boost the market growth. Additionally, the evolution and technological advancement will also contribute to the growth of the market.
On the basis of geography, the global temperature monitor patches market is segmented into six key regions viz. North America, Latin America, Europe, Asia Pacific excluding China, China and the Middle East & Africa. The North America temperature monitor patches market is expected to register the maximum market share in the global market, followed by Europe, due to increased healthcare spending and growing demand for technologically advanced medical wearable monitoring devices.
However, Asia Pacific region is expected to show the highest CAGR growth over the forecast period and is projected to be a profitable market for new emerging market players in the temperature monitor patches market. However, the market for temperature monitor patches in Latin America, and the Middle East and Africa regions are estimated to show a stagnant growth over the forecast period.
Examples of some of the key players present in the global temperature monitor patches market are Abbott Laboratories, Blue Spark Technologies, Medisana GmbH, Medtronic, G-Tech Medical Inc., DexCom, Isansys Lifecare Ltd., Feeligreen SA, Kenzen Inc., AMG Medical, Leaf Healthcare Inc. and others.