What Has Been the Growth of the Medical Thermometer Market So Far?
The medical thermometer market has seen considerable growth due to a variety of factors.
• The expansion of the medical thermometer market has been exponential in the past few years. The market is predicted to accelerate from a worth of $2.63 billion in 2024 to $2.98 billion in 2025, with a compound annual growth rate (CAGR) of 13.3%.
Factors such as increased patient awareness, growth in the elderly population, escalated government endorsement, amplified health cognizance, and rising investment in healthcare have contributed to the previous period's growth.
What Are the Future Growth Projections for the Medical Thermometer Market?
The medical thermometer market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of medical thermometers is poised for a swift expansion in the coming years, escalating to $4.83 billion by the year 2029 with a CAGR of 12.9%.
This growth projection for the forecast period is primarily due to the escalating demand for non-touch thermometers, the rising instances of infectious and viral diseases, the growing emphasis on digital thermometers, and the stepping-up of operations from budding and smaller entities. Main trends set to influence the forecast period encompass increased uptake of intelligent and networked thermometers, technological progression, the incorporation of thermometers with IoT devices, and digital thermometer innovations.
What Are The Core Factors Supporting Growth In The Medical Thermometer Market?
The growth of the medical thermometer market is anticipated to be driven by the rising incidences of infectious diseases. Such diseases are triggered by pathogenic microorganisms, including bacteria, viruses, fungi, or parasites, and can be transmitted directly or indirectly between individuals. Factors such as increased global travel, urbanization, climate change, and antimicrobial resistance play a key role in the quick proliferation and appearance of new pathogens. Medical thermometers are critical in the treatment of infectious diseases, as they accurately monitor and manage fever, thereby enabling evaluation of treatment effectiveness and adjustments of care plans. For instance, data from the Australian Institute of Health and Welfare in July 2024 revealed that over 362,600 hospitalizations were due to infectious diseases, with 92% connected to non-notifiable diseases. Consequently, the medical thermometer market is being propelled by the growing incidence of infectious diseases.
What Are The Major Segments Within The Global Medical Thermometer Market?
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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How Are Emerging Trends Reshaping The Dynamics Of The Medical Thermometer Market?
Leading businesses in the medical thermometer market are concentrating on the development of advanced tools such as sophisticated temporal artery thermometers which offer quick, non-invasive temperature assessments suitable for a broad array of consumers, from babies to adults. These advanced temporal artery thermometers are non-invasive gadgets that use infrared tech to take body temperature readings by identifying the heat given off by the temporal artery in the forehead, thus providing quick and accurate results for all age groups. For example, Exergen, a US firm specializing in the design and production of infrared scanners, thermometers, and sensors, introduced the TAT-2000 and TAT-2000C thermometers in India in June 2022. The TAT-2000 and TAT-2000C thermometers are thoroughly developed temporal artery thermometers intended to deliver quick and precise non-invasive temperature readings. Using infrared tech, these devices detect the heat released by the temporal artery permitting simple forehead scanning. With characteristics such as a soft-glow display, memory of the last eight readings, and silent mode, they meet the increasing demand for efficient and user-friendly options in the medical thermometer market.
Who Are the Key Players 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.
What Is The Most Dominant Region In The Medical Thermometer Market?
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.
