Global Medical Thermometers Market – Industry Trends and Forecast to 2030

Medical Thermometers Market Analysis and Size

Increasing fitness and health awareness among the people is the main driving factor for the global medical thermometers market. A rise in the number of medical conditions around the world such as COVID-19 and influenza which requires frequent recording of body temperature is also a driving factor for the global medical thermometers market. The medical thermometer is accurate and due to high sensitivity, it can sense the temperature in humans or animals. Medical thermometers have a variety of usage and can be inserted under the tongue, armpit, or in the mouth for measuring temperature.    .                           

Data Bridge Market Research analyses that the global medical thermometers market which was USD 2,018.33 million in 2022, is expected to reach USD 3,915.17 million by 2030, and is expected to undergo a CAGR of 8.10% during the forecast period of 2023 to 2030. “Infrared Radiation Thermometer” dominates the product type segment of the global medical thermometers market due to advancement in technology. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Medical Thermometers Market Scope and Segmentation

Market Definition

Medical thermometers refer to an instrument that is mainly used to measure the temperature of the subjects during fever and helps to make a record of the fluctuations in body temperature. Medical thermometers possess a variety of different thermometers with different uses according to requirements. The medical thermometer is accurate and due to high sensitivity, it can sense the temperature in humans or animals. Medical thermometers have a variety of usage and can be inserted under the tongue, armpit, or in the mouth for measuring temperature.             

Global Medical Thermometers Market Dynamics

Drivers

• Increasing Demand for Non-Contact Thermometers

Non-contact thermometers, also known as infrared thermometers, have gained significant popularity in recent years. They offer advantages such as quick and non-invasive temperature measurement, making them especially useful in healthcare settings, particularly during the COVID-19 pandemic. The growing preference for non-contact thermometers is driving the market's growth.

• Rising Awareness about Personal Healthcare

There is a growing emphasis on personal healthcare and monitoring, with individuals becoming more conscious of their health and well-being. Medical thermometers are essential devices for measuring body temperature, which is a crucial indicator of health. As people become more proactive about monitoring their health, the demand for medical thermometers increases.

• Increasing Prevalence of Infectious Diseases

The global prevalence of infectious diseases, including the ongoing COVID-19 pandemic, has created a heightened need for accurate and reliable temperature measurement devices. Medical thermometers play a vital role in identifying individuals with fever, which is often an early symptom of various infectious diseases. The rising incidence of such diseases is driving the demand for medical thermometer

• Growing Geriatric Population

The global population, particularly the geriatric population, is increasing. Older adults are more susceptible to health conditions and often require regular temperature monitoring. As the geriatric population expands, the demand for medical thermometers rises, driving market growth.

 Opportunities

• Technological Advancements

The global medical thermometer market has witnessed significant technological advancements in recent years. Manufacturers are developing thermometers with improved features, such as faster response times, accuracy, ease of use, and connectivity options. These technological advancements not only enhance the performance of medical thermometers but also contribute to the market's growth by attracting healthcare professionals and consumers.

• Increasing Healthcare Expenditure

Governments and individuals worldwide are allocating more resources to healthcare. This increased healthcare expenditure translates into higher demand for medical devices, including thermometers. Hospitals, clinics, and other healthcare facilities require a steady supply of medical thermometers to meet patient needs.

Restraints/Challenges

• Competition and Price Pressure

The global medical thermometer market is highly competitive, with numerous manufacturers offering a wide range of products. This intense competition can lead to price pressure, as manufacturers strive to offer affordable thermometers while maintaining quality. Price sensitivity among healthcare providers and consumers can restrain market growth, particularly for higher-end or specialized thermometers.

• Availability of Alternative Temperature Measurement Methods

While medical thermometers are widely used and accepted, there are alternative methods for measuring body temperature. For instance, some healthcare facilities may prefer to use disposable temperature strips or tympanic (ear) thermometers instead of traditional digital thermometers. The availability and adoption of these alternative methods can limit the growth of the medical thermometer market.

This  global  medical thermometers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global medical thermometers market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In July 2021, Hicks announced the unveils all new Hicks DT-12 Digital Thermometer with memory and beeper
• In October 2020, Masimo (announced the launch of the Radius Tº Continuous Thermometer for consumers. Unlike spot-check, episodic thermometers, the wearable, wireless Radius Tº measures body temperature continuously, seamlessly transmitting data and customizable temperature notifications to the user’s smartphone – helping caregivers, such as parents, monitor loved ones’ temperatures even while they sleep

Global Medical Thermometers Market Scope

The global medical thermometers market is segmented on the basis of product type, patient demographic, point of measurement and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Infrared Radiation Thermometers
• Mercury Thermometers
• Digital Thermometer

Patient Demographic

• Adults
•  Pediatrics

Point of Measurement

• Ear
• Forehead
• Oral
• Ambient
• Anal

Application

• Hospitals
•  Clinics
•  Homes

Global Medical Thermometers Market Regional Analysis/Insights

The global medical thermometers market is analysed and market size insights and trends are provided by country, product type, patient demographic, point of measurement and application as referenced above.

The countries covered in the global medical thermometers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the global medical thermometers market because of the strong base of healthcare facilities, strong presence of major players in the market, Increasing fitness and health awareness among the people and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth in the global medical supplies market  during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global medical thermometers market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global medical thermometers market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global medical thermometers market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Medical Thermometers Market Share Analysis

The global medical thermometers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global medical thermometers market.

Some of the major players operating in the medical thermometers market are:

• F. Hoffmann-La Roche Ltd. (Switzerland)
•  3M (U.S.)
•  Microlife Corporation (Taiwan)
•  Hill-Rom Holdings, Inc. (U.S.)
•  McKesson Corporation (U.S.)
• Cardinal Health, Inc. (U.S.)
•  Terumo Corporation (Japan)
• Medline Industries, Inc., (U.S.)
•  A&D Company, Limited (Japan)
•  Exergen Corporation (U.S.)
•  America Diagnostics Corporation (U.S.)
•  Easywell Biomedicals, Inc. (Taiwan)
•  Compumedics Ltd .(Australia)
•  McKesson Corporation (U.S.)
•  Medical Indicators Inc. (U.S.)
•  Mediaid, Inc., (U.S.)
•  Welch Allyn, Inc (U.S.)
•  Geratherm Medical AG, (Germany)
•  Briggs Healthcare (U.S.)
•  Hicks Thermometers (India)

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