ICT & Electronics Global Smart Thermometer Market Outlook Industry | Page 3

investment by major vendors to provide advance healthcare products. Apart from
this, Europe region captured the second largest market of smart thermometer
due to growing adoption of quick and safer healthcare devices.
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Technological advancement in healthcare sector
Growing adoption of advanced health care product for measuring purposes is
believed to boost the growth of smart thermometer market. Further, rising
adoption of smart thermometer by hospitals, clinics and others is also one of the
major factors bolstering the market of smart thermometer. Likely, government
initiatives to develop healthcare infrastructure in developing nations is also
fostering the market of smart thermometer.
Rising healthcare concerns
Growing occurrences of chronic diseases such as fever, malaria, swine flu and
other diseases that can be diagnosed by measuring temperature is expected to
flourish the growth of smart thermometer market. Moreover, increasing number
of deaths across the globe affected by these diseases is also believed to drive the
market of smart thermometer. In addition to this, swelled disposable income of
the population is projected to positively impact the growth of smart thermometer
market.
However, high cost associated with smart thermometers is anticipated to restrain
the growth of this market. Moreover, lack of awareness regarding smart