Medical Thermometer Market size was estimated at $376.1 Million in 2019 and is expected to reach $751.7 Million by 2027, growing at a CAGR of 10.4% during the forecast period of 2020 to 2027.
A medical thermometer or a clinical thermometer is essentially a device for measuring human or animal body temperature. The tip of the thermometer inserted in various parts of the body, for instance, into the mouth under the tongue, or under the armpit, into the rectum via the anus, into the ear, or on the forehead. It is mostly used by medical personnel, or patients, or even in regular households and is one of the basic necessities in homes and it doesn’t require any special skills.
Recently there has been a huge increase in demand for medical thermometers due to the increasing number of coronavirus cases and the fact that the main symptom of coronavirus is a high temperature or fever. There has also been a huge increase in demand due to the increasing amount of children that are being born in society and the need for parents to monitor their health by using a thermometer. This is because the majority of illnesses and virus’ have a high temperature as a common symptom and is used to determine how severe the symptoms are.
The medical thermometer market is expected o drive growth due to the increasing fitness awareness, and regular monitoring of temperature, growing raging population, healthcare expenditure by the govt is also on the rise, these factors are leading to the boost in the global thermometer market. The key players in the market are essentially aiming for new product launches, collaborations, better technologies to enhance their product portfolio.
Moreover, with the COVID 19 pandemics, the accurate measurement of body temperature has also played a role in the rise. However, stringent governing policies and declining health expenditure by some governments and healthcare authorities due to the load of the economic recession, may restraint the growth of the medical thermometers in the time to come.
Medical Thermometers Market Growth and Trends
The increasing need for constant monitoring of body temperature due to the spiralling of cases related to malaria, dengue, and most prominently, Covid-19 as at present generates great demand for medical thermometers. Key factors such as product, patient demographic, point of measurement, and region are determinants of market growth for medical thermometers. Based on point of measurement, the market for medical thermometers is categorised into ear, forehead, oral, ambient, and others. One of the prominent symptoms of having contracted the coronavirus is high body temperature. Therefore, to prevent the transmission of the virus to others, the use of medical thermometers has increased to a large extent. Whether it is a residential complex, mall, any store, or workplace, each individual is tested for temperature with a medical thermometer before being allowed to enter the concerned space. This is a significant factor fuelling the demand for medical thermometers, ensuring immense growth prospects for the medical thermometer market. No-contact thermometers are showing considerable momentum for measuring the body temperature, as they prevent the risk of contracting the virus through bodily contact. Therefore, infrared thermometers used on a large scale to measure body temperatures, avoiding contact, are likely to serve as significant growth generators for the medical thermometer market. Higher incidence of target diseases, rapid technological advancements, and increasing operations by regional and small-sized players are other key factors positively impacting the growth of the global medical thermometer market. The sudden increase in demand for infrared medical thermometers has led many local players to enter the market with their products. Government initiatives have encouraged various companies to increase domestic production. Expansion in production facility and activities such as mergers and acquisitions are also increasing among market players to keep up to the rising demand of medical thermometers. Here, the pros far outweigh the cons.
Medical Thermometers Market Competition
Key companies operating in this industry are Braun, Omron, Microlife, CITIZEN, Hartmann, TECNIMED, ADC, Beurer, Easytem, Geonic, Faichney, Riester, Radiant, Exergen Corp, Briggs Healthcare, Vicks, Hill-Rom, Kerma Medical, MII, 3M, Hicks, Microlife, Omron, CITIZEN, Jinxinbao, JASUN, DONGYUE, YUYUE, SMIC and Raycome.
• Medical Thermometers Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Medical Thermometers Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Digital Thermometers
• Infrared Thermometers
• Disposable Thermometer
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Home Health Aide
• Public Places
Country (Revenue, USD Million, 2020 - 2027)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
The Middle East and Africa
• Saudi Arabia
Medical Thermometers Market Companies
• Exergen Corp
• Briggs Healthcare
• Kerma Medical
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