Medical Thermometer Market by Device, Point of Measurement, Patient Age Category, Connectivity, End-User

List of Tables

[189 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.54 billion
Estimated Year [2024]	USD 2.95 billion
Forecast Year [2030]	USD 7.17 billion
CAGR (%)	15.92%

Device: Focus on mercury-free thermometers with the need for safer, user-friendly medical devices

Mercury-based thermometers, traditionally used for their accuracy, operate on the principle of mercury expansion. These devices have been a staple in healthcare owing to their precise measurements. They are preferred in settings where accuracy cannot be compromised, often in clinical and laboratory-based environments. However, due to environmental & health concerns associated with mercury, their usage has seen a decline in household and general medical applications. Mercury-free thermometers have gained prominence due to their safety, ease of use, and environmental friendliness. They encompass digital thermometers, infrared thermometers, and alcohol-based types, among others. These thermometers are widely preferred for household and clinical use, especially in pediatrics, due to the absence of toxic substances and ease of reading the results.

End-User: Need for thermometers with high accuracy and integration capabilities in hospitals

Clinics represent a significant segment of the medical thermometer market, primarily characterized by their need for both accuracy and efficiency. These establishments often cater to a broad spectrum of patients, requiring devices that deliver rapid results without compromising precision. Clinics often prefer digital thermometers, including tympanic (ear) and infrared non-contact types, for their quick readings and minimal patient disturbance. Hospitals demand the highest standards in terms of accuracy, reliability, and hygiene from medical thermometers. These facilities often deal with critically ill patients, where precise temperature readings could influence treatment decisions significantly. The requirement for thermometers that can be easily sterilized or disposably covered to prevent cross-contamination is also a critical consideration. The independent consumer market for medical thermometers has seen substantial growth, particularly driven by the increased health consciousness among the public and the recent global health crises. Ease of use, affordability, and the ability to quickly check body temperature at home are the primary considerations for this segment.

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Medical Thermometer Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Medical Thermometer Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Medical Thermometer Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Medical Thermometer Market?

3. What are the technology trends and regulatory frameworks in the Medical Thermometer Market?

4. What is the market share of the leading vendors in the Medical Thermometer Market?

5. Which modes and strategic moves are suitable for entering the Medical Thermometer Market?

Product Code: MRR-B812DD579A50

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increase in the prevalence of infectious diseases and other medical conditions
  - 5.1.1.2. Growing demand for multifunction non-contact clinical electronic and digital thermometers
- 5.1.2. Restraints
  - 5.1.2.1. Concern regarding adverse health impacts of mercury in thermometers
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of advanced technologies in digital thermometers
  - 5.1.3.2. Emerging innovative infrared photodiode thermometer for animal use
- 5.1.4. Challenges
  - 5.1.4.1. Product recall due to inaccurate reading
5.2. Market Segmentation Analysis
- 5.2.1. Device: Focus on mercury-free thermometers with the need for safer, user-friendly medical devices
- 5.2.2. End-User: Need for thermometers with high accuracy and integration capabilities in hospitals
5.3. Market Trend Analysis
- 5.3.1. Innovative product developments with the presence of native players in Americas
- 5.3.2. Modifying state of Asia-Pacific's medical thermometer regulatory and production landscape
- 5.3.3. Supportive government standards and guidelines for medical thermometer manufacturing
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Medical Thermometer Market, by Device

6.1. Introduction
6.2. Mercury-Based
6.3. Mercury-Free

7. Medical Thermometer Market, by Point of Measurement

7.1. Introduction
7.2. Ambient
7.3. Anal
7.4. Ear
7.5. Forehead
7.6. Oral

8. Medical Thermometer Market, by Patient Age Category

8.1. Introduction
8.2. Adults
8.3. Pediatrics

9. Medical Thermometer Market, by Connectivity

9.1. Introduction
9.2. Bluetooth
9.3. Radio Frequency
9.4. WiFi

10. Medical Thermometer Market, by End-User

10.1. Introduction
10.2. Clinics
10.3. Hospitals
10.4. Independent Consumer

11. Americas Medical Thermometer Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Medical Thermometer Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Medical Thermometer Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. New CALERA algorithm expands core body temperature measurement to the wrist
- 14.3.2. Natural Cycles Raises USD 7M Strategic Investment from Samsung Ventures
- 14.3.3. McKesson Signs Agreement to Acquire Rx Savings Solutions
- 14.3.4. Medline invests additional USD 500M in medical supply inventory to boost product availability
- 14.3.5. NIDEK Medical and Exergen Sign an Agreement for Distribution of Temporal Artery Thermometers in India
- 14.3.6. Exergen Corp launches TAT-2000 temporal artery thermometer
- 14.3.7. Exergen Medical expands presence in India
- 14.3.8. OPTEC To Debut Company's Patented Cell Phone and Tablet Digital Temperature Scanning Technology Prototypes in March 2022
- 14.3.9. Exergen receives Metrology Certificates for its Temporal Artery Thermometer

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio