USD 1.78 Billion
Medical Thermometer Market Size, Share, Growth Analysis, By Type(Digital thermometers, infrared thermometers, mercury-based thermometers, disposable thermometers), By End-user(Hospitals, clinics, home healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2415 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
64
|Figures:
75
Medical Thermometer Market Insights
Global Medical Thermometer Market size was valued at USD 1.78 Billion in 2022 and is poised to grow from USD 1.98 Billion in 2023 to USD 4.66 Billion by 2031, at a CAGR of 11.29% during the forecast period (2024-2031).
The global medical thermometer market is experiencing significant growth globally. Our report contains detailed information on the value chain analysis for the medical thermometer market, which manufacturers can use to gain a competitive edge during the projected period. Increasing health consciousness and patient awareness are two of the primary reasons driving market expansion. Thermometers employ a range of physical processes to detect temperature.
Thermometers are used in a broad variety of industrial applications, notably measurement systems. Thermometers are used on highways in cold areas to identify and analyze when ice conditions arise. Thermistors are used in appliances such as water heaters, air conditioners, freezers, and heaters to adjust the temperature. Companies such as Nexcare and Terumo Corporation produced portable solutions that are user-friendly and can be easily adopted by any patient in response to the increased demand for self-healthcare. Furthermore, the growing reliance of healthcare practitioners on thermometers to assess patients' health state is projected to drive the market. Other end users, such as the pharmaceutical, food, and chemical sectors, are likewise becoming more aware. In many businesses, maintaining particular temperatures at various phases of product development is a must. These factors are expected to drive market expansion throughout the forecast period.
The growing public awareness of the different precautionary measures that must be taken during the course of any infectious disease has increased the market demand and supply of sophisticated thermometers. The growing need for high-quality accurate thermometers in the healthcare industry as a result of society's rapidly expanding number of ailments has allowed the market to generate significant income over time.
US Medical Thermometer Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
clinics
Growth Rate
11.29% CAGR
Global Medical Thermometer Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Medical Thermometer Market Segmental Analysis
Global medical thermometer market is segmented on the basis of medical type, end-user and region. By type, the market is segmented into digital thermometers, infrared thermometers, mercury-based thermometers, disposable thermometers. By end-user, the market is segmented into hospitals, clinics, home healthcare. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Medical Thermometer Market Analysis By Type
Digital thermometers have gained significant popularity in the medical thermometer market due to their ease of use, quick response time, and accuracy. Therefore, it holds the largest market share worldwide. These thermometers utilize electronic sensors to measure body temperature and display the readings on a digital screen. The digital thermometers segment has witnessed substantial growth owing to the increasing adoption by both healthcare professionals and individuals for home use. The advantages offered by digital thermometers, such as ease of reading, memory function to store previous measurements, and the ability to provide temperature readings in both Celsius and Fahrenheit.
On the other hand, the infrared thermometers segment is anticipated to be the fastest-growing segment in the medical thermometer market. Infrared thermometers are non-contact devices that measure temperature by detecting the infrared energy emitted by the body. These thermometers have gained significant traction, particularly during the COVID-19 pandemic, due to their non-invasive nature, which helps reduce the risk of cross-infection. Infrared thermometers are widely used in healthcare settings, airports, and public places for rapid temperature screening. The growing emphasis on early detection and prevention of infectious diseases, coupled with the increasing adoption of infrared thermometers in various industries, has propelled the growth of this segment.
Medical Thermometer Market Analysis By End-user
Hospitals represent the largest end-user segment in the medical thermometer market. Hospitals require a large number of thermometers to meet the temperature measurement needs of patients across various departments, including emergency rooms, intensive care units, and general wards. The increasing patient population, rising prevalence of infectious diseases, and growing healthcare infrastructure have contributed to the significant demand for medical thermometers in hospitals. Moreover, the need for accurate temperature monitoring in critical care settings and the adoption of advanced medical technologies in hospitals have further propelled the growth of this segment.
On the other hand, the home healthcare segment is expected to be the fastest-growing segment in the medical thermometer market. Home healthcare refers to the provision of medical services and monitoring in the comfort of one's own home. With the increasing emphasis on patient-centric care, aging population, and advancements in telehealth technologies, home healthcare has gained prominence as an effective and convenient alternative to hospital-based care. Medical thermometers play a vital role in home healthcare, enabling individuals to monitor their body temperature regularly and detect early signs of illness.
Global Medical Thermometer Market By End-User
To get detailed analysis on other segments, Request For Free Sample Report
Medical Thermometer Market Regional Insights
North America dominates the medical thermometer market in terms of market share. The region's leading position can be attributed to several factors. Firstly, North America has a high adoption rate of advanced healthcare technologies and a well-established healthcare infrastructure. The region is home to some of the world's leading medical device manufacturers and healthcare institutions, which contribute to the demand for medical thermometers. Additionally, the increasing healthcare spending in North America, coupled with the rising prevalence of infectious diseases and the need for accurate temperature measurement devices, has boosted the market growth. Moreover, the presence of stringent regulations and standards for medical devices in the region ensures the use of high-quality and reliable medical thermometers.
On the other hand, the Asia Pacific region is expected to witness the fastest growth in the medical thermometer market. The region's rapid growth can be attributed to several factors. Firstly, the Asia Pacific region has a large and growing population, leading to increased healthcare needs and a rising demand for medical thermometers. Countries such as China and India have witnessed significant economic growth, improved healthcare infrastructure, and increased healthcare spending, which have contributed to the expansion of the market. Additionally, the COVID-19 pandemic has further accelerated the demand for temperature screening devices, including medical thermometers, in various industries and public places across the Asia Pacific region.
Global Medical Thermometer Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Medical Thermometer Market Dynamics
Medical Thermometer Market Drivers
Increasing prevalence of infectious diseases
- The global healthcare landscape has been significantly impacted by the outbreaks of infectious diseases such as COVID-19, influenza, and other respiratory illnesses. The need for accurate and early detection of fever, a common symptom of these diseases, has driven the demand for medical thermometers. Healthcare professionals, as well as individuals, recognize the importance of monitoring body temperature to identify potential infections and take appropriate measures for treatment and containment. This driver has led to an increased adoption of medical thermometers in hospitals, clinics, and home healthcare settings, thereby positively influencing the growth of the market.
Medical Thermometer Market Restraints
Availability of alternative temperature measurement methods and devices
- While medical thermometers are widely used and recognized for their accuracy and convenience, there are other methods and devices available for temperature measurement. For example, some healthcare professionals may choose to use more invasive methods such as rectal thermometers for certain patient populations, particularly infants and young children. Additionally, advancements in technology have introduced wearable temperature monitoring devices that continuously track body temperature. These alternatives, although not as prevalent as medical thermometers, offer alternatives for temperature measurement.
Request Free Customization of this report to help us to meet your business objectives.
Medical Thermometer Market Competitive Landscape
The Global Medical Thermometer Market features a highly competitive landscape with the presence of several key players. Some of the prominent players in the market focus on product innovation and quality advancements to gain a competitive edge. They invest significantly in research and development to introduce new features and functionalities in their product solutions. Additionally, strategic partnerships, collaborations, and acquisitions are common strategies employed by these players to expand their market presence and enhance their product portfolios. With the growing demand for health consciousness and accuracy, the competition among these players intensifies, leading to continuous advancements and improvements in the market offerings.
Medical Thermometer Market Top Player’s Company Profile
- Terumo Corporation (Japan)
- Welch Allyn (US)
- Geratherm Medical AG (Germany)
- Microlife Corporation (Switzerland)
- Paul Hartmann AG (Germany)
- Beurer GmbH (Germany)
- Kaz USA, Inc. (US)
- American Diagnostic Corporation (US)
- Innovo Medical (US)
- Easywell Biomedicals, Inc. (Taiwan)
- Hicks Thermometers India Ltd. (India)
- Citizen Systems Japan Co., Ltd. (Japan)
- Mediaid Inc. (US)
- 3M (US)
- Tecnimed Srl (Italy)
- Radiant Innovation Inc. (US)
- A&D Company, Limited (Japan)
Medical Thermometer Market Recent Developments
- In June 2023, SwitchBot launched a new wireless hygrometer thermometer. Unlike the existing SwitchBot Meter, this new device has no display but has an IP65 waterproof design with a more rugged plastic shell that also has a lanyard for convenient placement.
- In November 2022, TriMedika joined the UK Pavilion at MEDICA 2022 to showcase TRITEMP, a non-contact thermometer.
- In June 2022, Exergen Corporation launched the TAT-2000 for professionals and TAT-2000C for consumers at the medical fair in Mumbai, India.
Medical Thermometer Key Market Trends
- Increasing adoption of smart and connected thermometers: The growing popularity of the Internet of Things (IoT), smart and connected thermometers are gaining significant traction in the market. These thermometers are equipped with features such as wireless connectivity, smartphone integration, and data tracking capabilities. Smart thermometers can sync with mobile applications, allowing users to conveniently monitor and track their temperature readings over time. They provide real-time temperature data, historical trends, and personalized health insights. These features make them particularly appealing for individuals seeking to manage their health proactively.
Medical Thermometer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The Medical Thermometer market is poised for significant growth in the coming years, driven by various factors and offering substantial future scope. The medical thermometer market is poised for significant growth in the coming years, driven by several factors. The increasing prevalence of infectious diseases, such as COVID-19, and the need for accurate temperature measurement for early detection have fueled the demand for medical thermometers. The digital thermometers segment holds the largest market share due to its ease of use, accuracy, and advanced features, while the infrared thermometers segment is the fastest-growing, driven by the non-contact nature and rapid temperature screening capabilities. North America dominates the market, benefiting from advanced healthcare infrastructure and high adoption of healthcare technologies, while the Asia Pacific region is expected to witness the highest growth rate due to a growing population, increasing healthcare needs, and rising awareness about health monitoring. Looking ahead, the future scope of the medical thermometer market lies in the continued advancement of smart and connected thermometers, offering features such as wireless connectivity, smartphone integration, and remote patient monitoring capabilities. These innovations will further enhance convenience and patient care, driving the market forward.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.78 Billion |
| Market size value in 2031 | USD 4.66 Billion |
| Growth Rate | 11.29% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Thermometer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Thermometer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Thermometer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Thermometer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Thermometer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Thermometer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
