Press release
Key Trends Shaping the Future Medical Thermometer Market From 2025-2034: The Rise Of Advanced Temporal Artery Thermometers
Which drivers are expected to have the greatest impact on the over the medical thermometer market's growth?The growing incidence of contagious diseases is set to boost the expansion of the medical thermometer market. Contagious diseases which are brought about by harmful microorganisms like bacteria, viruses, fungi, or parasites, with the capability of directly or indirectly transmitting from one individual to another, are seeing an upsurge due to factors such as global travel, urbanization, climate change, and antimicrobial resistance contributing to the swift emergence and spread of new pathogens. A medical thermometer, essential for treating infectious diseases, helps in accurately tracking and managing fever, which is extremely vital for assessing the efficacy of the treatment and modification of care plans. For example, as per data from the Australian Institute of Health and Welfare, a government agency based in Australia, in July 2024, over 362,600 hospitalizations occurred due to infectious diseases, out of which 92% were ascribed to non-notifiable diseases. Consequently, the mounting incidence of contagious diseases is fueling the growth of the medical thermometer market.
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What is the future CAGR of the medical thermometer market, and how will it impact industry expansion?
The scale of the medical thermometer market has rapidly expanded in the past few years. The market is projected to swell from $2.63 billion in 2024 to $2.98 billion in 2025, boasting a compound annual growth rate (CAGR) of 13.3%. Factors contributing to this significant growth during the historical time frame include heightened patient awareness, a rising elderly population, amplified government backing, enhanced health awareness, and escalated healthcare spending.
Anticipations predict a surge in the market size of medical thermometers in the forthcoming years. With a compounded annual growth rate (CAGR) of 12.9%, it is expected to reach $4.83 billion by 2029. The escalation in the projected period can be credited to the growing need for non-contact thermometers, higher incidence of infectious and viral diseases, enhanced emphasis on digital thermometers, and the expansion of operations by emerging and smaller players. Key trends during the forecast period are expected to include increased uptake of smart and connected thermometers, technological advancements, the incorporation of thermometers with internet of things (IoT) devices, and innovations in the field of digital thermometers.
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What are the most significant trends transforming the medical thermometer market today?
Leading corporations in the medical thermometer industry are concentrating their efforts on the creation of innovative devices such as sophisticated temporal artery thermometers, which provide speedy, non-invasive temperature checks suitable for diverse groups of people, including babies and adults. These advanced thermometers are non-invasive gadgets that employ infrared technology to ascertain body temperature by identifying the heat originating from the temporal artery on the forehead, providing quick and accurate results for all age groups. For example, Exergen, a firm based in the United States that designs and manufactures infrared scanners, thermometers, and sensors, introduced their TAT-2000 and TAT-2000C thermometers in India in June 2022. The TAT-2000 and TAT-2000C thermometers are cutting-edge temporal artery thermometers specifically made for fast and precise non-invasive temperature examinations. These devices use infrared technology to detect heat from the temporal artery, making forehead scanning straightforward. With features such as a softly illuminated display, storage for the last eight readings, and a silent mode, they meet the escalating demand for effective and user-friendly options in the medical thermometer industry.
Which key market segments comprise the medical thermometer market and drive its revenue growth?
The medical thermometermarket 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
Subsegments:
1) By Infrared Radiation Thermometers: Forehead Infrared Thermometers, Ear Infrared Thermometers, Surface Infrared Thermometers, Handheld Infrared Thermometers
2) By Mercury Thermometers: Clinical Mercury Thermometers, Household Mercury Thermometers, Industrial Mercury Thermometers
3) By Digital Thermometers: Oral Digital Thermometers, Rectal Digital Thermometers, Axillary Digital Thermometers, Non-Contact Digital Thermometers
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What regions are at the forefront of medical thermometer market expansion?
North America was the largest region in the medical thermometer market in 2024. 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.
Who are the leading players fueling growth in the medical thermometer market?
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.
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What Is Covered In The Medical Thermometer Global Market Report?
•Market Size Forecast: Examine the medical thermometer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical thermometer market for a structured understanding.
•Key Players Overview: Analyze major players in the medical thermometer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical thermometer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical thermometer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical thermometer market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical thermometer market.
•Competitive Landscape: Review strategic developments in the medical thermometer market, including expansions, agreements, and new product launches.
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