|Study Period:||2018 - 2026|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
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The medical thermometer market is projected to register a CAGR of 7.5% over the forecast period. The major factor attributing to the growth of the market is the growing number of medical situations that require accurate measurement of body temperature for deciding the treatment options. Many infectious diseases have high fever as a major distinctive symptom, and hence, measuring the body temperature is be the primary diagnosis of many infections. For instance, the novel pandemic Coronavirus disease is spreading at a very fast rate and one of the ways to screen the people is to measure the body temperatures in public places, therefore the governments of different countries have procured many facial thermometers.
In addition, the World health organization stated that the global incidence of dengue increased dramatically in the past decade. About half of the world's population is now at risk. There are an estimated 100-400 million infections each year. The increasing prevalence of infectious diseases is expected to boost the demand for thermometers. This factor, in turn, is expected to boost the growth of the market.
Scope of the Report
A medical thermometer is a diagnostic medical device used for measuring the body temperature of humans or animals. A medical thermometer is accurate and sensitive. Most of the medical thermometer shows both the Celsius scale and Fahrenheit temperature scales. This report is segmented by product type, end user, and geography.
|By Product Type|
|By End User|
|Other End Users|
Key Market Trends
Mercury Free Segment is Gaining Attention in the Medical Thermometer Market
The increasing growth of the segment is due to the rising awareness of the advantages of digital thermometers. The mercury-free thermometers are easier to handle, more safe and accurate. Apart from the advantages of the mercury-free thermometers, the major factors boosting the market's growth are the increasing prevalence of infectious diseases where measuring body temperature is the main diagnosis and accurate measurement of the temperature is required. According to the World Health Organization, in 2018, there were about 228 million cases of malaria worldwide. The major symptoms of malaria are fever, headache, and chills. With the increasing prevalence of such diseases, the market is expected to witness significant growth.
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North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall market during the forecast period. The market's growth is supported by factors, such as the presence of key players, a high prevalence rate of infectious diseases in the region, increasing R&D activities, technological advances, rising concern of individuals regarding self-health care management. In this region, the United States has the maximum share due to supportive healthcare policies, a high number of patients, and a developed healthcare market. According to the Centers for Disease Control and Prevention, about 15.5 million people visit physician offices with infectious and parasitic diseases as the primary diagnosis, in the United States. These statistics indicate that the increasing patient pool and increasing disposable revenue in this country are boosting the growth of the market in the region.
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The medical thermometer market is moderately competitive and consists of international as well as local companies. Key market players are concentrating on new product launches, collaborations/mergers, and acquisitions in order to enhance their product portfolio as well as expand their global presence. Some of the companies which are currently actively present in the market are A&D Company, Limited, American Diagnostic Corporation, Actherm Medical Corp, Exergen Corporation, Citizen Systems Japan Co. Ltd, Microlife Corporation, Omron Healthcare Inc., Cardinal Health, Innovo Medical, and Welch Allyn Inc.
In October 2020 the company Masimo Corporation had announced the launch of Radius T Continuous Thermometer for consumers.
In March 2021 the company Mestek had launched the digital thermometer on the E-commerce platform Amazon.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Number of Medical Conditions Requiring Accurate Measurement of Body Temperature
4.2.2 Rapid technological advancements
4.3 Market Restraints
4.3.1 Stringent Governing Policies by Regulatory Healthcare Authority
4.3.2 Accuracy issues with infrared thermometer
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
18.104.22.168 Other Product Types
5.2 By End User
5.2.3 Other End Users
5.3.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle-East and Africa
5.3.5 South America
126.96.36.199 Rest of South America
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 A&D Company Limited
6.1.2 American Diagnostic Corporation
6.1.3 Actherm Medical Corp.
6.1.4 Exergen Corporation
6.1.5 Citizen Systems Japan Co. Ltd
6.1.6 Microlife Corporation
6.1.7 Omron Healthcare Inc.
6.1.8 Cardinal Health
6.1.9 Innovo Medical
6.1.10 Welch Allyn Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Medical Thermometer Market market is studied from 2018 - 2026.
What is the growth rate of Medical Thermometer Market?
The Medical Thermometer Market is growing at a CAGR of 7.5% over the next 5 years.
Which region has highest growth rate in Medical Thermometer Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Medical Thermometer Market?
North America holds highest share in 2021.
Who are the key players in Medical Thermometer Market?
A&D Company, Limited, American Diagnostic Corporation, Exergen Corporation, CITIZEN SYSTEMS JAPAN CO.,LTD, Actherm Medical Corp. are the major companies operating in Medical Thermometer Market.