The Medical Thermometer Market High Growth Owing to Rising Prevalence of Fever Cases

 

Medical Thermometer Market
Medical Thermometer Market

The medical thermometer market comprises devices that are used to measure human body temperature. Medical thermometers are used for measurement of body temperature in various healthcare settings including hospitals, clinics, diagnostic centers, home settings, and more. Some key types of medical thermometers include mercury-free thermometers, infrared thermometers, and digital thermometers. Infrared thermometers are gaining traction as they provide contactless reading of temperature and eliminate the risk of cross-contamination. Medical thermometers help in the diagnosis and monitoring of various medical conditions associated with abnormal body temperature such as fever, hypothermia, and so on. Growing occurrence of infectious diseases leading to fever cases is fueling the demand for medical thermometers for diagnosis and treatment monitoring.

The Global medical thermometer market is estimated to be valued at US$ 3.86 Bn in 2024 and is expected to exhibit a CAGR of 8.3% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the medical thermometer market are Medline Industries, Inc., Welch Allyn, Medtronic, OMRON Corporation, America Diagnostics Corporation, 3M Company, Microlife Corporation, Briggs Healthcare, Exergen Corporation, Terumo Corporation, Medtronic PLC, Geratherm Medical AG, Exergen Corporation, A&D Company, Limited, BPL Medical Technologies, Rossmax International Ltd., and Radiant Innovation Inc. These players are focusing on new product launches and geographical expansion to strengthen their Medical Thermometer Market Growth.

The rising awareness regarding accurate body temperature measurement and increasing adoption of infrared thermometers present significant growth opportunities in the market. Infrared thermometers are gaining demand owing to their contactless reading feature helping curb infection spread.

North America dominates the global medical thermometer market owing to the growing elderly population susceptible to chronic diseases in the region. However, Asia Pacific is expected to exhibit the fastest growth during the forecast period owing to improving healthcare infrastructure and rising medical tourism in countries like India, China, and Malaysia.

Market Drivers

Growing incidence of fever cases associated with infectious diseases such as influenza, COVID-19, and others is a major factor augmenting the market growth. Fever is one of the common symptoms of various medical conditions necessitating accurate body temperature monitoring using medical thermometers.

Market Restraints

High prices of advanced digital and infrared thermometers may hinder the market growth. Devices like infrared thermometers are quite expensive compared to traditional mercury thermometers restricting adoption. However, availability of low-cost alternatives may help address this challenge.

Segment Analysis

The medical thermometer market comprises various segments based on product type, application, end-use and geography. Based on product type, the non-contact infrared thermometers segment dominates the market owing to increasing adoption of non-contact temperature measuring devices amid the COVID-19 pandemic. Infrared thermometers eliminate the risk of cross-contamination as compared to traditional thermometers.

Global Analysis

Regionally, North America holds the major share of the medical thermometer market. This is attributed to factors such as the increasing prevalence of chronic diseases and rising healthcare expenditure in the region. In addition, the presence of key market players and availability of advanced thermometers further support market growth in the region. Asia Pacific is expected to witness rapid growth over the forecast period. This can be attributed to growing awareness regarding health monitoring coupled with rising disposable incomes in developing countries such as China and India. Moreover, increasing penetration of global players in Southeast Asian countries augments the regional market expansion.

Regional analysis related content: North America dominates the global medical thermometer market, holding around 35% of the overall market share. This is majorly due to high prevalence of chronic diseases, growing geriatric population, and availability of advanced healthcare facilities in the region. Asia Pacific exhibits the fastest growth over the forecast period owing to increasing healthcare awareness, rise in per capita healthcare expenditure, and growing penetration of global players in developing countries of India and China.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

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