The medical thermometer market has been witnessing significant growth in demand due to the growing prevalence of various infectious diseases like COVID-19 that require body temperature monitoring. Medical thermometers help detect fevers and monitor body temperatures, aiding in the diagnosis and treatment of patients. Commonly used thermometer types include mercury-filled thermometers, digital thermometers, infrared thermometers, and tympanic thermometers. Digital thermometers are highly popular as they offer convenience of use and fast, accurate readings without the risks of mercury spillage.
The Global Medical Thermometer Market is estimated to be valued at US$ 2.20 Bn in 2024 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the medical thermometer market are Medline Industries, Inc., Welch Allyn, Medtronic, OMRON Corporation, America Diagnostics Corporation, 3M Company, Microlife Corporation, Briggs Healthcare, Exergen Corporation, Terumo Corporation, Medtronic PLC, Geratherm Medical AG, Exergen Corporation, A&D Company, Limited, BPL Medical Technologies, Rossmax International Ltd., and Radiant Innovation Inc. Major players are focused on new product launches and strategic collaborations to strengthen their market position.
The Medical Thermometer Market Demand can be attributed to the rising prevalence of illnesses like COVID-19 worldwide which has boosted the need for temperature monitoring. With rising health awareness, regular health checkups involving measurement of vital parameters has become common. This fuels the demand for thermometers for self-monitoring and professional healthcare applications.
The medical thermometer market is also witnessing expansion in developing regions with growing healthcare investments and increasing access to quality healthcare. Rising disposable incomes allow people to spend more on personal health and wellness. This supports the sales of medical devices including digital thermometers in emerging markets.
Market Drivers
A key driver for the Medical Thermometer Market Challenges And Opportunities is the ongoing COVID-19 pandemic. The virus leads to fever in many patients and temperature screening has become essential for diagnosis and mitigation of spread. This has boosted sales of infrared thermometers, thermal cameras, and digital thermometers for personal and professional use. Increased emphasis on prevention and monitoring of infectious illnesses through temperature checks is expected to further support market growth over the forecast period.
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