Medical Thermometer Market by Device (Mercury-Based, Mercury-Free), Point of Measurement (Ambient, Anal, Ear), Patient Age Category, Connectivity, End-User - Global Forecast 2024-2030

Medical Thermometer Market by Device (Mercury-Based, Mercury-Free), Point of Measurement (Ambient, Anal, Ear), Patient Age Category, Connectivity, End-User - Global Forecast 2024-2030

The Medical Thermometer Market size was estimated at USD 2.54 billion in 2023 and expected to reach USD 2.95 billion in 2024, at a CAGR 15.92% to reach USD 7.17 billion by 2030.

A medical thermometer is a device that is widely used by medical professionals to measure and monitor human or animal body temperature. The surging prevalence of infectious diseases, including influenza, malaria, dengue, COVID-19, and swine flu, among others, is increasing the use of medical thermometers to detect accurate body temperature readings for determining appropriate treatment for the underlying conditions. The growing health consciousness among individuals and rising awareness regarding self-healthcare are expanding the use of non-contact electronic and digital thermometers by patients. Medical professionals increasingly use medical thermometers to check patients' health status and prescribe treatment for high-temperature conditions. However, the incidences of product recall due to inaccurate readings and risks associated with mercury thermometers may adversely impact their use by medical professionals. Moreover, the ongoing improvements in medical thermometers to achieve rapid, accurate, precise, and non-contact temperature measurements are expected to accelerate their use in medical and home care settings.

Regional Insights

The prevalence of infectious diseases across nations worldwide, including the U.S., Russia, Germany, the UK, Brazil, Canada, China, India, South Korea, Japan, among others, are expanding the use of medical thermometers to accurately measure the body temperature of patients for providing an appropriate treatment plan for the patients. The increasing awareness of self-healthcare among individuals in developed and emerging economies facilitates using medical thermometers to measure the patient's body temperature precisely. Moreover, the stringent regulations imposed on the use of mercury-based medical devices by the government of China, the U.S., California, Michigan, and Oregan are leading to the development of technologically advanced and digitalized thermometers that can assist healthcare professionals in rapidly measuring patient's body temperature without physical contact, thereby preventing the risk of contracting infectious diseases through the contact of medical thermometers. The ongoing improvements in the infrared and digital thermometers to deliver results within a second with an easy-to-read display are expected to accelerate their adoption by medical professionals and in-home healthcare settings.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Medical Thermometer Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increase in the prevalence of infectious diseases and other medical conditions
    • Growing demand for multifunction non-contact clinical electronic and digital thermometers
    • Market Restraints
      • Concern regarding adverse health impacts of mercury in thermometers
      • Market Opportunities
        • Integration of advanced technologies in digital thermometers
        • Emerging innovative infrared photodiode thermometer for animal use
        • Market Challenges
          • Product recall due to inaccurate reading
          • Market Segmentation Analysis
            • Device: Focus on mercury-free thermometers with the need for safer, user-friendly medical devices
            • End-User: Need for thermometers with high accuracy and integration capabilities in hospitals
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Medical Thermometer Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Medical Thermometer Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • New CALERA algorithm expands core body temperature measurement to the wrist
              
              Greenteg recently announced a revolutionary new algorithm for their medical thermometer devices. The patented Calera algorithm is set to revolutionize the industry, offering medical professionals and users a method for measuring core body temperature efficiently and accurately at any time with minimal effort. Instead of traditional methods often taking days with results that vary by person or environment, this innovative solution offers immediate feedback with unparalleled accuracy. The thermometer also reduces the potential of contamination due to poor hygiene practices, making it a viable option for clinical settings. With its cutting-edge technology and accurate results, Greenteg's Calera Algorithm is quickly becoming the industry standard.
              
              Natural Cycles Raises USD 7M Strategic Investment from Samsung Ventures
              
              Natural Cycles, a Swedish medical technology company has become the recipient of a major investment from Samsung Venture Capital, that specializes in backing early-stage firms. Natural Cycles allows women to track fertility and use natural family planning via a mobile app and medical thermometer. The partnership between Natural Cycles and Samsung is expected to help the former leverage Samsung’s influence in digital health to develop more efficient tools for women’s healthcare. Additionally, the two companies will work together to make access to the products more widely available worldwide. This signals an exciting move towards advancing the options for contraception and opening up opportunities for women to take control of their reproductive health on their terms.
              
              McKesson Signs Agreement to Acquire Rx Savings Solutions
              
              McKesson Corporation is continuing its trend of cutting-edge acquisitions with the signing of a definitive agreement to acquire Rx Savings Solutions. This innovative move allows McKesson to expand further its offering with medical therapeutics, including a comprehensive suite of drug savings solutions and advanced analytics for healthcare organizations. With this acquisition, patients and healthcare providers benefit from more access to competitively priced branded and generic drugs, resulting in cost savings and stronger decision-making capabilities. The collaboration between RX Savings Solutions and McKesson gives customers and providers endless possibilities for successfully increasing their savings on prescription drugs. Moreover, this acquisition is a significant step toward a future where quality healthcare products are more affordable.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Medical Thermometer Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Medical Thermometer Market, highlighting leading vendors and their innovative profiles. These include 3M Company, A&D Company, Limited, AdvaCare Pharma, Amber Hydrometers, American Diagnostic Corporation, Baxter International Inc., Beurer GmbH, Braun Healthcare, Calera, Cardinal Health, Inc., Citizen Watch Co. Ltd., DR Instruments Inc., EASYTEM Co., Ltd., Easywell Biomedicals, Inc., Exergen Corporation, GE HealthCare, Geratherm Medical AG, Haiden Technology Pvt. Ltd., Hicks Thermometers (India) Ltd., iHealth Lab Inc., Innovo Medical, Jorgensen Labs, Inc., Kinsa Inc., Mckesson Corporation, Medline Industries, LP, Medtronic PLC, Microlife Corporation, Nareena Lifesciences Pvt. Ltd., Nureca Ltd., Omron Corporation, S.Brannan & Sons Ltd., and Withings.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Medical Thermometer Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Device
              • Mercury-Based
              • Mercury-Free
                • Analog Thermometer
                • Digital Thermometers
                • Point of Measurement
                  • Ambient
                  • Anal
                  • Ear
                  • Forehead
                  • Oral
                  • Patient Age Category
                    • Adults
                    • Pediatrics
                    • Connectivity
                      • Bluetooth
                      • Radio Frequency
                      • WiFi
                      • End-User
                        • Clinics
                        • Hospitals
                        • Independent Consumer
                        • Region
                          • Americas
                            • Argentina
                            • Brazil
                            • Canada
                            • Mexico
                            • United States
                              • California
                              • Florida
                              • Illinois
                              • New York
                              • Ohio
                              • Pennsylvania
                              • Texas
                              • Asia-Pacific
                                • Australia
                                • China
                                • India
                                • Indonesia
                                • Japan
                                • Malaysia
                                • Philippines
                                • Singapore
                                • South Korea
                                • Taiwan
                                • Thailand
                                • Vietnam
                                • Europe, Middle East & Africa
                                  • Denmark
                                  • Egypt
                                  • Finland
                                  • France
                                  • Germany
                                  • Israel
                                  • Italy
                                  • Netherlands
                                  • Nigeria
                                  • Norway
                                  • Poland
                                  • Qatar
                                  • Russia
                                  • Saudi Arabia
                                  • South Africa
                                  • Spain
                                  • Sweden
                                  • Switzerland
                                  • Turkey
                                  • United Arab Emirates
                                  • United Kingdom
                                  
                                  
                                  Please Note: PDF & Excel + Online Access - 1 Year