Medical Thermometer Market Report with Executive Summary, Size, Analysis and Forecast to 2022-2031

by SDKI Research Market Research

The medical thermometer market is projected to register a CAGR of 7.5% over the forecast period.

The major factor attributing to the growth of the market is the growing number of medical situations that require accurate measurement of body temperature for deciding the treatment options. Many infectious diseases have high fever as a major distinctive symptom, and hence, measuring the body temperature is be the primary diagnosis of many infections. For instance, the novel pandemic Coronavirus disease is spreading at a very fast rate and one of the ways to screen people is to measure their body temperatures in public places, therefore the governments of different countries have procured many facial thermometers.

In addition, the World health organization stated that the global incidence of dengue increased dramatically in the past decade. About half of the world's population is now at risk. There are an estimated 100-400 million infections each year. The increasing prevalence of infectious diseases is expected to boost the demand for thermometers. This factor, in turn, is expected to boost the growth of the market.

Key Market Trends

Mercury Free Segment is Gaining Attention in the Medical Thermometer Market

The increasing growth of the segment is due to the rising awareness of the advantages of digital thermometers. The mercury-free thermometers are easier to handle, safer, and more accurate. Apart from the advantages of the mercury-free thermometers, the major factors boosting the market's growth are the increasing prevalence of infectious diseases where measuring body temperature is the main diagnosis and accurate measurement of the temperature is required. According to the World Health Organization, in 2018, there were about 228 million cases of malaria worldwide. The major symptoms of malaria are fever, headache, and chills. With the increasing prevalence of such diseases, the market is expected to witness significant growth.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market during the forecast period. The market's growth is supported by factors, such as the presence of key players, a high prevalence rate of infectious diseases in the region, increasing R&D activities, technological advances, and rising concern of individuals regarding self-health care management. In this region, the United States has the maximum share due to supportive healthcare policies, a high number of patients, and a developed healthcare market. According to the Centers for Disease Control and Prevention, about 15.5 million people visit physician offices with infectious and parasitic diseases as the primary diagnosis, in the United States. These statistics indicate that the increasing patient pool and increasing disposable revenue in this country are boosting the growth of the market in the region.

Competitive Landscape

The medical thermometer market is moderately competitive and consists of international as well as local companies. Key market players are concentrating on new product launches, collaborations/mergers, and acquisitions in order to enhance their product portfolio as well as expand their global presence. Some of the companies which are currently actively present in the market are A&D Company, Limited, American Diagnostic Corporation, Actherm Medical Corp, Exergen Corporation, Citizen Systems Japan Co. Ltd, Microlife Corporation, Omron Healthcare Inc., Cardinal Health, Innovo Medical, and Welch Allyn Inc.

About US

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends, and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

Contact Us

15/F Cerulean Tower, 26-1 Sakuragaoka-cho

Tokyo, Shibuya-ku, Japan

+ 81-50-50509159

sales@sdki.jp