Ingestible Thermometers Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3671
Ingestible Thermometers Market size is projected to experience significant growth from 2019 to 2025.
The increasing number of people suffering from gastrointestinal conditions will act as high impact rendering factor for growth of ingestible thermometers market. Growing adoption of sedentary lifestyle coupled with rising disposable income and healthcare expenditure will further propel industry growth.
The wide-ranging applications of ingestible thermometers including gastrointestinal treatment, sports, animal care and others will augment its adoption rate significantly over the forecast period. Advancements in sports medicines requiring instantaneous athlete data about internal body behavior will escalate demand for ingestible thermometers among athletes.
The ingestible thermometer is used in ambulatory surgeries requiring continuous monitoring of body temperature, in post-surgical and anesthesia follow-up, in tropical medicine for management of pandemics and disease diagnostics. The device is also used during follow-up of chemotherapy treatment. However, lack of awareness about the device and handful of companies engaged in production of ingestible thermometers will restrain industry expansion to certain extent over the coming years.
The product segment includes rectal pills, esophageal pills and others. Rectal thermometers market is anticipated to witness significant growth over the coming years. Growing adoption of rectal thermometers to get precise readings of body temperature in newborns and children will drive rectal thermometers market over the forecast period.
Based on application, the industry is segmented into chemotherapy treatment, surgical, gastrointestinal, sleep disorder analysis, tropical medicine, veterinary, diseases diagnosis, sports and others. Rising prevalence of cancer leading to growing demand for chemotherapy will drive industry growth. Growing application of ingestible thermometer during follow-up of chemotherapy will stimulate business growth.
Home care settings end-use segment is anticipated to witness robust growth during the forecast period. High preference to remote health monitoring devices due to cost-effectiveness and instantaneous results provided by such devices will drive ingestible thermometers market. Increasing use of rectal thermometers in infant and children at home will propel segmental growth.
The U.S. accounted for largest revenue share in 2018 owing to high technological adoption along with growing demand for advanced healthcare monitoring devices. High disposable income and increasing healthcare spending will positively impact the U.S. ingestible thermometers market.
China ingestible thermometers market will witness significant growth over the foreseeable future owing to rising number of people suffering from chronic conditions requiring monitoring of body temperature and during follow ups post chemotherapy and surgery. High use of ingestible thermometers among athletes in the country will stimulate product demand.
Koninklijke Philips N.V., HQ Inc and BodyCap are some of the key notable players operating in the market. Strategic collaboration, partnerships, mergers, and acquisitions are the major strategies adopted by these companies. Industry players are presently focusing on introducing innovative devices in the swiftly growing market to augment product adoption as well as increase their customer base.
Ingestible Thermometers Market by Product, 2014-2025 (USD Million)
- Rectal pills
- Esophageal pills
Ingestible Thermometers Market by Application, 2014-2025 (USD Million)
- Chemotherapy treatment
- Sleep disorder analysis
- Tropical medicine
- Diseases diagnosis
Ingestible Thermometers Market by end-use, 2014-2025 (USD Million)
- Ambulatory Surgical Centers
- Veterinary Clinics
- Diagnostic Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- HQ, Inc.
- Koninklijke Philips N.V.
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