The medical thermometer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical Thermometer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The medical thermometer market size has grown rapidly in recent years. It will grow from $2.33 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to rising patient awareness, growing geriatric population, increasing government support, increasing health consciousness, and increasing healthcare expenditure.
The medical thermometer market size is expected to see rapid growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to increasing demand for non-contact thermometers, increasing prevalence of infectious diseases, increasing incidence of viral diseases, increasing focus on digital thermometers, and increasing operations by emerging and small-sized players. Major trends in the forecast period include increasing adoption of smart and connected thermometers, technological advancements, integration of thermometers with internet of things (IoT) devices, and innovations in digital thermometers.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing prevalence of infectious diseases is expected to propel the growth of the medical thermometer market going forward. Infectious diseases are illnesses caused by pathogenic microorganisms such as bacteria, viruses, fungi, or parasites that can spread directly or indirectly from person to person. The increasing global travel, urbanization, climate change, and antimicrobial resistance contribute to the rapid spread and emergence of new pathogens. A medical thermometer is required for infectious disease treatment to accurately monitor and manage fever, which is crucial for evaluating the effectiveness of treatment and adjusting care plans. For instance, in July 2024, according to the data from the Australian Institute of Health and Welfare, an Australia-based government agency, over 362,600 hospitalizations were due to infectious diseases, with 92% attributed to non-notifiable diseases. Therefore, the increasing prevalence of infectious diseases is driving the medical thermometer market.
Market Trends –
Major companies operating in the medical thermometer market are focusing on developing advanced products such as advanced temporal artery thermometers to provide quick, non-invasive temperature readings suitable for a wide range of users, including infants and adults. Advanced temporal artery thermometers are non-invasive devices that use infrared technology to measure body temperature by detecting heat emitted from the temporal artery on the forehead, providing quick and accurate readings suitable for all ages. For instance, in June 2022, Exergen, a US-based company that is a designer and manufacturer of infrared scanners, thermometers, and sensors, launched the TAT-2000 and TAT-2000C thermometers in India. The TAT-2000 and TAT-2000C thermometers are advanced temporal artery thermometers designed for quick and accurate non-invasive temperature measurements. Utilizing infrared technology, these devices capture heat emitted from the temporal artery, allowing for easy scanning across the forehead. With features like a soft-glow display, memory for the last eight readings, and silent mode, they cater to the growing demand for efficient and user-friendly solutions in the medical thermometer market.
The medical thermometer market covered in this report is segmented –
1) By Product Type: Infrared Radiation Thermometers, Mercury Thermometers, Digital Thermometer
2) By Patient Demographic: Adults, Pediatrics
3) By Point Of Measurement: Ear, Forehead, Oral, Ambient, Anal
4) By Application: Hospitals, Clinics, Homes
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Regional Insights –
North America was the largest region in the medical thermometer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical thermometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the medical thermometer market are McKesson Corporation, Cardinal Health Inc., F. Hoffmann-La Roche Ltd., 3M Company, Medline Industries Inc., Terumo Corporation, Hill-Rom Holdings Inc., Radiant Innovation Inc., Beurer GmbH & Co. KG, Briggs Medical Service Company, Exergen Corporation, Geratherm Medical AG, America Diagnostics Corporation, Medical Indicators Inc., A&D Company Limited, Easywell Biomedicals Inc., Kaz USA Inc., Tecnimed Srl, Hicks Thermometers India Limited, Mediaid Inc.
Table of Contents
1. Executive Summary
2. Medical Thermometer Market Report Structure
3. Medical Thermometer Market Trends And Strategies
4. Medical Thermometer Market – Macro Economic Scenario
5. Medical Thermometer Market Size And Growth
…..
27. Medical Thermometer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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