The 2022 global Medical Thermometer Market size reached USD 426.6 Million and is projected to exhibit a 7.8% revenue CAGR during the forecast period, as outlined in the most recent report from Reports and Data.
The surge in demand for medical thermometers can be attributed to the COVID-19 pandemic, which necessitated frequent temperature checks for virus diagnosis. Governments worldwide have enforced stringent screening protocols in workplaces, public areas, and airports, driving the need for thermometers.
Additionally, the increasing prevalence of chronic illnesses like diabetes, cancer, and cardiovascular conditions has led to a rising requirement for medical thermometers. Continuous monitoring of these patients’ body temperatures is essential. Consequently, there is a growing demand for non-contact infrared thermometers that offer rapid and accurate readings without physical contact, reducing the risk of cross-infection.
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The market is experiencing robust growth due to the rising popularity of Home Healthcare. Patients prefer to monitor their temperature at home using personal thermometers, prompting the development of practical, portable devices that offer precise readings and straightforward operation.
Key players in the Medical Thermometer Market:
- Braun GmbH
- Omron Healthcare, Inc.
- 3M Company
- Geratherm Medical AG
- Terumo Corporation
- Microlife Corporation
- Welch Allyn, Inc.
- Exergen Corporation
- Kinsa Inc.
- Vyaire Medical Inc.
Some Key Highlights in the Report:
- By 2023, it is projected that the contact thermometer segment will take the lead in the global medical thermometer market. The growth in revenue within this sector can be attributed to the affordability and convenience offered by contact thermometers. Due to their cost-effectiveness, precision, and user-friendliness, touch thermometers are widely utilized in clinics, hospitals, and households. They are among the most commonly employed medical devices for measuring body temperature. These thermometers can be placed under the tongue, in the armpit, or rectally for temperature measurement. Parents also favor touch thermometers for checking their children’s body temperatures. Furthermore, the increased prevalence of infectious diseases and the need for frequent body temperature monitoring in medical settings are expected to drive the demand for contact thermometers throughout the forecasted period.
- In 2021, the oral thermometer segment made a substantial contribution to sales. Oral thermometers are widely embraced in homes and medical facilities owing to their accuracy and simplicity. Placing the thermometer under the tongue is a straightforward and cost-effective method for assessing body temperature. These thermometers are commonly used in hospitals and clinics and are suitable for both children and adults. The affordability and ease of use of oral thermometers are driving market revenue growth in this category. Moreover, the demand for oral thermometers is anticipated to rise as awareness increases regarding the importance of monitoring body temperature in both household and healthcare settings throughout the projected period.
- The United States, which represents the largest market for medical thermometers in North America, is expected to continue playing a significant role in market growth. The expansion of this market in the region can be attributed primarily to the increased demand for medical thermometers resulting from the rising incidence of infectious diseases, such as COVID-19. Additionally, the market in this region is predicted to grow as people become more cognizant of the importance of early disease detection and diagnosis, healthcare infrastructure improves, and healthcare costs increase.
- In 2021, Braun introduced the ThermoScan 7, an innovative ear thermometer featuring enhanced accuracy and a color-coded fever indicator to assist users in interpreting their temperature readings. The device also includes a pre-warmed tip for added comfort.
- Omron Healthcare, in 2021, unveiled the MC-720 Non-Contact Forehead Thermometer, a novel thermometer employing infrared technology for body temperature assessment without direct skin contact. This user-friendly device provides reliable temperature readings in less than a second.
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For the purpose of this report, Reports and Data has segmented the global medical thermometer market on the basis of Type Outlook, Application Outlook, and Regional Outlook:
Type Outlook (Revenue, USD Million; 2022 – 2032)
- Contact Thermometers
- Non-Contact Thermometers
Application Outlook (Revenue, USD Million; 2022 – 2032)
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Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2020–2021) and forecast (2022–2032) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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