MEDICAL THERMOMETER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Medical Thermometer Market Size and Trends

The global medical thermometer market is estimated to be valued at USD 2.20 Bn in 2024 and is expected to reach USD 3.86 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

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The market is expected to showcase positive growth over the forecast period owing to the increasing prevalence of fever and other illnesses globally. The medical thermometer market is anticipated to witness significant demand in the coming years due to the rising trend of self-monitoring of health conditions at home settings. Technological advancements such as smart thermometers with advanced connectivity options are gaining popularity among consumers. Fever detection thermometers are finding increasing applications in hospitals, clinics as well as for personal use at home to measure body temperature accurately and precisely.

Increased focus on digital thermometers

With the ongoing COVID-19 pandemic, medical thermometers have gained increased importance as one of the primary tools for the screening of possible infections and monitoring body temperature. This has propelled more consumers and healthcare providers to adopt digital medical thermometers which are faster, more convenient and hygienic to use compared to traditional mercury-based thermometers. Digital thermometers provide instant temperature readings on an easy-to-read digital display without any exposure to mercury, thus minimizing infection risks. They also store past temperature readings which can be consulted for tracking trends over time. These features have made them a preferred choice for regular check-ups of patients in hospitals and fever screening in public places. With growing awareness about the advantages of digital thermometers, consumers too are opting for them for personal and family use at home. Various studies conducted during the COVID-19 pandemic have highlighted the effectiveness of temperature screening in identifying potentially infected individuals and slowing down community. Digital infrared thermometers are faster, more accurate, and safer to use than traditional glass mercury thermometers, according to data released by Southern Trading Company in July 2022. Beyond the benefits of digital mercury-free thermometers, the primary drivers of the market's expansion include rising infectious diseases, for which taking a patient's temperature is essential for diagnosis and necessitates an accurate reading. The WHO estimates that there were 241 million cases of malaria worldwide in 2020. The three main signs of malaria are chills, fever, and headache.

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Technological advancements in thermometer devices

Technological advancements are playing a vital role in driving the growth of the global medical thermometer market. Traditional mercury and digital thermometers are being rapidly replaced by advanced smart thermometers that provide swift, accurate, and convenient temperature readings. Smart thermometers connect to mobile apps via Bluetooth and allow remote temperature monitoring as well as logging of readings over time for diagnosis and record keeping. This eliminates inaccuracies associated with manual readings and offers valuable health analytics to both patients and healthcare providers. Companies are investing heavily in developing advanced infrared thermometers that provide contactless readings in a matter of seconds. These thermometers are proved to be very useful during the ongoing COVID-19 pandemic as they minimize risks of virus transmission through physical contact. Healthcare facilities across different countries have opted for infrared thermometers for mass screenings at public places like airports as mandated by WHO. According to the WHO operational considerations for COVID-19 management in healthcare facilities published in 2021, infrared thermometers should be used for triaging or screening of any individual with respiratory symptoms or history of contact with COVID-19 patients before allowing entry into healthcare facility.