Coherent Market Insights08.03.21
The global smart baby thermometers market is estimated to be valued at $472.3 million in 2020 and expected to exhibit a compound annual growth rate of 9.7 percent through 2027, according to a new report published by Coherent Market Insights.
Key players operating in the global smart baby thermometers market are developing novel products, which is expected toboost the global smart baby thermometers market growth. For instance, in September 2015, Kinsa Inc., a manufacturer of smart thermometers, launched Indiegogo, a wireless smart ear thermometer. This device provides instant and accurate temperature readings at the push of a button.
Impact of COVID-19 Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of the coronavirus disease (COVID-19) has resulted in over 84.78 million infected individuals worldwide as of Jan. 6, 2021.
COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channel, and by its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as Saudi Arabia, UAE, Egypt, and others are facing challenges with regards to transportation of raw materials from one place to another.
Rising prevalence of fever among children is expected to drive the market growth. According to an article titled "Fever in Children: Pearls and Pitfalls" published by the National Center for Biotechnology Information (NCBI) in September 2017, prevalence of serious infections in children was <1 percent in primary-care settings and increase up to 25 percent in emergency departments.
Key Takeaways of the Global Smart Baby Thermometers Market:
Key players operating in the global smart baby thermometers market are developing novel products, which is expected toboost the global smart baby thermometers market growth. For instance, in September 2015, Kinsa Inc., a manufacturer of smart thermometers, launched Indiegogo, a wireless smart ear thermometer. This device provides instant and accurate temperature readings at the push of a button.
Impact of COVID-19 Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of the coronavirus disease (COVID-19) has resulted in over 84.78 million infected individuals worldwide as of Jan. 6, 2021.
COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channel, and by its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as Saudi Arabia, UAE, Egypt, and others are facing challenges with regards to transportation of raw materials from one place to another.
Rising prevalence of fever among children is expected to drive the market growth. According to an article titled "Fever in Children: Pearls and Pitfalls" published by the National Center for Biotechnology Information (NCBI) in September 2017, prevalence of serious infections in children was <1 percent in primary-care settings and increase up to 25 percent in emergency departments.
Key Takeaways of the Global Smart Baby Thermometers Market:
- Among product type, the ear thermometers segment held a dominant position in the global smart baby thermometers market in 2019 owing to its reliable, instant and accurate readings.
- Among distribution channel, the retail pharmacies segment held a dominant position in the global smart baby thermometers market in 2019 owing to the increasing demand for smart baby thermometers in home care settings.
- Key players operating in the global smart baby thermometers market are B. Braun Melsungen AG, Briggs Corp., EASYTEM Co. Ltd., Exergen Corp., FEVERSMART, iProven, Kinsa Inc., Koninklijke Philips NV, OMRON Corporation, and Paul Hartmann AG, among others.