The global medical thermometer market is estimated to expand at a considerable CAGR during the forecast period, 2021 – 2028. The medical thermometer is a device that measures body temperature of animals and humans. Types of medical thermometers include mercury &glass thermometer, digital thermometer, electronic ear thermometer, forehead thermometer, plastic strip thermometers, and pacifier thermometers.
Based on need, different types of thermometers have been used in various manners such as on forehead, inside the rectum, under the armpit, below the tongue, or inside ear. Among these types of thermometers, digital thermometers are precise and dependable as liquid element such as mercury is absent, which generally alters under temperature variations.
Market Trends, Drivers, Restraints, and Opportunities:
• Rising incidences of medical ailments that require precise monitoring of body temperature for determining the treatment remedy fuels segment growth.
• Many diseases cause high fever as a key characteristic symptom, and thus body temperature measurement is a primary diagnosis of numerous infections.
• Increasing health concerns owing to the growing pandemic has necessitated screening body temperature of people in public places; therefore, the demand for medical thermometers has significantly risen.
• The World Health Organization (WHO) has indicated that the worldwide occurrence of dengue has surged in the past decade.
• Growing pervasiveness of infectious diseases is anticipated to boost the need for medical thermometers.
Global Medical Thermometer Market Segment Insights:
Mercury-free segment to growth at a rapid pace
On the basis of product types, the global medical thermometer market can be bifurcated into mercury-based and mercury-free. The mercury–free segment is further segregated into infrared, digital, and others. The rapid growth of the mercury-free segment is owing to the increasing awareness regarding the benefits of digital thermometers. Mercury-free thermometers are user-friendly, accurate, and do not carry environment hazard unlike mercury-based thermometers. Furthermore, rising occurrence of communicable diseases where determining body temperature is fundamental for the diagnosis and measurement accuracy is pivotal, is expected to fuel the growth of the segment during the forecast period.
Hospitals segment to hold a key share of the market
In terms of end-users, the market can be segregated into hospitals, clinics, and others. The hospitals segment is estimated to hold a major market share owing to growing dependency on thermometers by healthcare professionals to assess the health of the patient. Moreover, the outbreak of COVID-19 pandemic has necessitated the usage of thermometers, especially in hospitals, thus fueling the segment growth.
North America holds a significant share of the global market
Based on regions, the global medical thermometer market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds a significant share of the global market and is estimated to dominate the market during the forecast period due to growing prevalence of viral infections in the region, rising R&D activities and technological advancements, and mounting apprehension of individuals concerning self-health.
Major players in the global medical thermometer market includes A&D Company Ltd, American Diagnostic Corporation, Cardinal Health, Citizen Systems Japan Co. Ltd, DONGGUAN ACTHERM MEDICAL CORP, Exergen Corporation, Innovo Medical, Microlife Corporation, Omron Healthcare Europe B.V. and Welch Allyn Inc. Companies adopt strategies such as investment in R&D, joint ventures, acquisitions, and product launches to increase their market share and market presence.
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