Market Size of Medical Thermometer Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Medical Thermometer Market Analysis
The medical thermometer market is expected to register a CAGR of 7.5% over the forecast period.
COVID-19 has had a significant impact on the growth of the market during the study period, primarily due to the rise in body temperatures in COVID-19-infected patients. The data published by Healthline in June 2021 mentioned that a review of studies across nine countries observed 24,420 adults with COVID-19, and 78% ran a fever at some point during their illness. The rise in body temperatures in infected patients during the pandemic drives the demand for medical thermometers. Also, COVID-19 paved the way for the development of innovative thermometers, thereby contributing to the growth of the market during the pandemic. For instance, Kinsa Health developed smart thermometers and a paired smartphone application to help in predicting COVID-19 infection. Such innovative product developments for monitoring the temperature of patients are expected to contribute to the growth of the market.
The major factor attributed to the market's growth is the growing number of medical situations requiring accurate measurement of body temperature for deciding the treatment options. Many infectious diseases have high fever as a major distinctive symptom; hence, measuring the body temperature is the primary diagnosis of many infections. According to the article published by NCBI in January 2020, fever is common in both bacterial and viral gastroenteritis. High fever is commonly present in many bacterial causes. The report also mentioned that high fever is often associated with influenza A virus infections, occurring in more than 50% of children. Adenovirus infection causes fever exceeding 40 degrees in about 20%. WHO stated in January 2022 that the global incidence of dengue had 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. For instance, according to the July 2022 update of WHO, there were 241 million new cases of malaria registered in 2020 globally, an increase of 14 million cases from the previous year. As per the same source, a disproportionately large amount of the worldwide malaria burden is found in the African Region, representing about 95% of malaria cases. The increasing prevalence of infectious diseases is expected to boost the demand for thermometers. This factor, in turn, is expected to boost the market's growth.
Innovative product launches by key market players are expected to drive the growth of the market. For instance, in October 2021, Telli Health launched a contactless connected 4G digital wall-mounted infrared thermometer. Thus, the above-mentioned factors are expected to drive the growth of the market studied during the forecast period.
