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Medical Thermometer Market worth $7.17 billion by 2030, growing at a CAGR of 15.92% - Exclusive Report by 360iResearch
Medical Thermometer Market | 360iResearch
The Global Medical Thermometer Market to grow from USD 2.54 billion in 2023 to USD 7.17 billion by 2030, at a CAGR of 15.92%.
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A medical thermometer is a device that is widely used by medical professionals to measure and monitor human or animal body temperature. The surging prevalence of infectious diseases, including influenza, malaria, dengue, COVID-19, and swine flu, among others, is increasing the use of medical thermometers to detect accurate body temperature readings for determining appropriate treatment for the underlying conditions. The growing health consciousness among individuals and rising awareness regarding self-healthcare are expanding the use of non-contact electronic and digital thermometers by patients. Medical professionals increasingly use medical thermometers to check patients' health status and prescribe treatment for high-temperature conditions. However, the incidences of product recall due to inaccurate readings and risks associated with mercury thermometers may adversely impact their use by medical professionals. Moreover, the ongoing improvements in medical thermometers to achieve rapid, accurate, precise, and non-contact temperature measurements are expected to accelerate their use in medical and home care settings.
The prevalence of infectious diseases across nations worldwide, including the U.S., Russia, Germany, the UK, Brazil, Canada, China, India, South Korea, Japan, among others, are expanding the use of medical thermometers to accurately measure the body temperature of patients for providing an appropriate treatment plan for the patients. The increasing awareness of self-healthcare among individuals in developed and emerging economies facilitates using medical thermometers to measure the patient's body temperature precisely. Moreover, the stringent regulations imposed on the use of mercury-based medical devices by the government of China, the U.S., California, Michigan, and Oregan are leading to the development of technologically advanced and digitalized thermometers that can assist healthcare professionals in rapidly measuring patient's body temperature without physical contact, thereby preventing the risk of contracting infectious diseases through the contact of medical thermometers. The ongoing improvements in the infrared and digital thermometers to deliver results within a second with an easy-to-read display are expected to accelerate their adoption by medical professionals and in-home healthcare settings.
Market Segmentation & Coverage:
This research report categorizes the Medical Thermometer Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Device, market is studied across Mercury-Based and Mercury-Free. The Mercury-Free is further studied across Analog Thermometer and Digital Thermometers. The Mercury-Free commanded largest market share of 89.78% in 2023, followed by Mercury-Based.
Based on Point of Measurement, market is studied across Ambient, Anal, Ear, Forehead, and Oral. The Forehead commanded largest market share of 41.82% in 2023, followed by Oral.
Based on Patient Age Category, market is studied across Adults and Pediatrics. The Adults commanded largest market share of 88.74% in 2023, followed by Pediatrics.
Based on Connectivity, market is studied across Bluetooth, Radio Frequency, and WiFi. The Bluetooth commanded largest market share of 6.10% in 2023, followed by Radio Frequency.
Based on End-User, market is studied across Clinics, Hospitals, and Independent Consumer. The Hospitals commanded largest market share of 41.11% in 2023, followed by Independent Consumer.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.24% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Medical Thermometer Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Medical Thermometer Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Medical Thermometer Market, highlighting leading vendors and their innovative profiles. These include 3M Company, A&D Company, Limited, AdvaCare Pharma, Amber Hydrometers, American Diagnostic Corporation, Baxter International Inc., Beurer GmbH, Braun Healthcare, Calera, Cardinal Health, Inc., Citizen Watch Co. Ltd., DR Instruments Inc., EASYTEM Co., Ltd., Easywell Biomedicals, Inc., Exergen Corporation, GE HealthCare, Geratherm Medical AG, Haiden Technology Pvt. Ltd., Hicks Thermometers (India) Ltd., iHealth Lab Inc., Innovo Medical, Jorgensen Labs, Inc., Kinsa Inc., Mckesson Corporation, Medline Industries, LP, Medtronic PLC, Microlife Corporation, Nareena Lifesciences Pvt. Ltd., Nureca Ltd., Omron Corporation, S.Brannan & Sons Ltd., and Withings.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Medical Thermometer Market, by Device
7. Medical Thermometer Market, by Point of Measurement
8. Medical Thermometer Market, by Patient Age Category
9. Medical Thermometer Market, by Connectivity
10. Medical Thermometer Market, by End-User
11. Americas Medical Thermometer Market
12. Asia-Pacific Medical Thermometer Market
13. Europe, Middle East & Africa Medical Thermometer Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Medical Thermometer Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Medical Thermometer Market?
3. What is the competitive strategic window for opportunities in the Medical Thermometer Market?
4. What are the technology trends and regulatory frameworks in the Medical Thermometer Market?
5. What is the market share of the leading vendors in the Medical Thermometer Market?
6. What modes and strategic moves are considered suitable for entering the Medical Thermometer Market?
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