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

The global medical thermometer market has been witnessing steady growth in the recent years. Medical thermometers are devices used for measuring body temperature, which is one of the key vital signs of the human body. Temperature monitoring helps in detecting conditions like fever, infections, and other abnormalities. The rising prevalence of diseases necessitating temperature screening, growing elderly population prone to infections, and technological advancements in thermometer design are some of the factors driving the demand for medical thermometers. Various types of thermometers like mercury-filled, infrared thermometers, and digital thermometers are available depending on the intended use and accuracy needs. Rising healthcare expenditures in developing countries are further expected to support the market growth in the coming years. However, availability of alternative temperature monitoring devices may slightly hinder the market expansion to some extent during the forecast period.

Market Dynamics:

The global medical thermometer market is growing at a steady pace. The key factors fueling the market growth include rising incidence of fevers, infections, and other conditions requiring body temperature monitoring. As per WHO, fever is one of the most common symptoms experienced by people worldwide. It is also estimated that over 3.8 billion cases of fever are reported annually around the globe. Growing elderly population also contributes to the market growth, as older people are more susceptible to infections and diseases. As per UN projections, the worldwide population aged 60 years and above is expected to double from 12% to 22% between 2015 and 2050. Technological advancements in thermometer design have further boosted their demand. Infrared thermometers allowing non-contact temperature readings and digital thermometers with improved accuracy and ease of use are gaining popularity. Rising healthcare expenditures in emerging nations present new opportunities for market players. However, alternative devices for temperature assessment like temperature patches and smartwatches with temperature sensing capabilities can hinder market expansion to some extent. High costs of infrared and digital thermometers in low-income markets also act as a restraint.

Key Features of the Study:

• This report provides in-depth analysis of the global medical thermometer market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players..
• It profiles key players in the global medical thermometer market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Omron Healthcare, Terumo Corporation, Hicks Thermometers, Medline Industries, and Welch Allyn.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global medical thermometer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical thermometer market.

Detailed Segmentation-

• By Product Type
  
  • Mercury-based Thermometers
  • Mercury-free Thermometers
  • Infrared Radiation Thermometers
  • Digital Thermometers
  • Others
• By End User
  
  • Hospitals and Clinics
  • Academic & Research Institutes
  • Home Use
  • Biopharmaceutical Industries
• By Region:         
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • 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.
  • Radiant Innovation Inc.