Market Size of Biomedical Temperature Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.18 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Biomedical Temperature Sensors Market Analysis
The biomedical temperature sensors market was valued at USD 6.17 billion in 2020, and it is expected to reach a value of USD 8.36 billion by 2026, projecting a CAGR of 5.18% during the forecast period (2021-2026). The growing applications of different temperature sensors in the biomedical sector are expected to contribute to the market's growth positively, during the forecast period.
- Over the past few years, the demand for biomedical temperature sensors has been increasing, along with rising application in the healthcare sector. This is due to an increase in investment by government to have safe and reliable healthcare infrastructure in place.
- Temperature sensors are critical in the healthcare industry, as they are used in painless or anesthesia-driven surgeries, life-supporting machines, dialysis of failed kidneys, analyzing blood information, oxygen temperature measurement for life support systems, temperature monitoring for neonatal and patients in critical care, digital temperature measurement, organ transplants monitoring, and many more sub-optimal surgeries.
- Temperature sensors can be used for measuring not only temperature, but also a number of other physical parameters. They are often applied in calorimetric flow sensors, i.e., for measuring blood or respiratory airflow. Skin blood flow (SBF) or skin perfusion is a complex phenomenon that occurs in capillaries.
- For instance, fiberoptic temperature sensors have found valuable application in numerous areas of research and treatment in biology and medicine. These include tissue monitoring during electromagnetic heating for cancer therapy, catheter-tip sensors as part of multi-purpose fiberoptic probes, patient monitoring during magnetic resonance imaging (MRI), and microwave biohazards studies.
