Middle East and Africa Temperature Monitoring Systems Market

Middle East and Africa Temperature Monitoring Systems Market Size

As per the recent research reports, The Middle East and Africa (MEA) Temperature Monitoring Systems Market is projected to reach USD 1.3 billion by 2024, at a CAGR of 4.6% during the forecast period.

Growth Opportunities, Challenges and Restraints of Middle East and Africa Temperature Monitoring Systems Market:

The growth of the temperature monitoring system is directly related to the market variations in the application area. One so application is its usage in manufacturing corporations. The manufacturing ventures are on steady growth in the current scenario and is estimated to grow at an accelerated pace in the future, thereby influencing the majority of the MEA temperature monitoring system. E-commerce is one of the fastest increasing and widely accepted marketplaces requiring a large number of depots and storage facilities, these facilities need proper maintenance that can be provided by these monitoring systems.

Accordingly, the increase in the number of warehouses and storage system is one of the major factors driving the growth of the industry. Another application making the growth of MEA market is its adoption in the food & beverage industry and pharmaceutical industry, which usually deals with perishable goods and products, demanding stringent temperature monitoring and recording system.

The temperature monitoring system is a capital-intensive system that requires precise pre-planning and installation, skilled personnel with extensive knowledge of sensing electronics are required so as to enable the system to function normally. Low availability of such personnel coupled with high cost can hamper the growth of the regional market.

An important trend identified in the temperature monitoring system is a miniaturization of the entire system by implementing wireless technologies for data transmission. Manufacturers of the temperature monitoring system have also tweaked the system by eliminating dedicated wireless data transmission devices for enclosures, which already has a central wireless connectivity system in place.

Caregivers and clinicians increasingly support constant improvement in functionalities and the accuracy of measurements in temperature. This has paved the way for ceaseless technological advancements in the temperature monitoring devices market, an area that new entrants as well as established players can’t ignore throughout the assessment period. The rising adoption of wearable health trackers among consumers in developing and developed regions is boosting the temperature monitoring devices market in the MEA.

The rising population of elderly all over the region, coupled with growing focus on geriatric care in developing nations, has opened a new avenue in health and wellness, accounting for numerous unmet needs in the market. The need for value-added service assistance is a case in point. The rising demand for real-time monitoring among the aged is likely to be crucial in creating lucrative prospects in the temperature monitoring devices market.

Market Segmentation of Middle East and Africa Temperature Monitoring Systems

Based on type, Conventional temperature monitors are expected to account for the highest share of the contact-based segment. The big share of this segment is mainly attributed to the increasing importance on continuous temperature monitoring through manufacturing and R&D in various application sectors (such as medical devices, chemical and petrochemical, pharmaceutical and biotechnology, energy and power generation, and food and beverage, among others).

Based on application, the manufacturing area temperature monitoring section is estimated to grow at the highest CAGR during the projected period. The growth of this segment is driven by the improved production base of various end-use industries, presence of stringent laws for maintaining product quality in various industries (such as food and pharmaceutical, beverages, and chemical industries), and the advantages of real-time and remote temperature monitoring throughout the overall manufacturing process.

Technique-wise, the MEA market has been divided into invasive and non-invasive, which is forecasted to dominate the demand throughout the projection period, whereas application-wise, the market has been classified into clinical and wellness. Based on the distribution channel, the market is divided into institutional sales and retail sales. The institutional sales section is further divided into long term care centers, hospitals, clinics, skilled nursing facilities, and ambulatory care centers. The growth of the hospital segment is attributable to factors like raising awareness about patient monitoring in acute care settings, and high-value low volume product offering. The retail sales section is further categorized into retail pharmacies, drug stores, and online sales.

Regional Existence of the Middle East and Africa Temperature Monitoring Systems Market

Geographically the MEA infusion pumps market is segmented into Saudi Arabia, South Africa, UAE, Egypt, Nigeria, Rest of MEA.

Some of the promising companies leading the Middle East and Africa Temperature Monitoring Systems Market:

• 3M Company
• Cosinuss GmbH
• Koninklijke Philips N.V.
• Helen of Troy Limited
• Drager werk AG & Co. KGaA
• Omron Healthcare
• Welch Allyn, Inc.
• Terumo Corporation
• Microlife Corporation C.R. Bard
• Briggs Healthcare

This research report includes following segmentation for the Middle East and Africa Temperature Monitoring Systems Market size and forecast

Middle East and Africa Temperature Monitoring Systems Market - By Type

• Temperature Measuring Strips and Labels
• Conventional Temperature Monitors
• Wireless Temperature Monitoring Systems

Middle East and Africa Temperature Monitoring Systems Market - By Application

• Server Room Temperature Monitoring
• Cold Storage Temperature Monitoring
• Greenhouse Temperature Monitoring
• Hospital Room and Patient Temperature Monitoring
• Laboratory Temperature Monitoring
• Home Care Temperature Monitoring
• Manufacturing Area Temperature Monitoring

Middle East and Africa Temperature Monitoring Systems Market – By Region

• Middle East
• Africa