Medical Thermometer Market Size, Share, Industry, Forecast and outlook (2023-2030)

Medical Thermometer Market is segmented By Patient Demographic (Pediatrics, Adults), By Product Type (Digital Thermometers, Infrared Radiation Thermometers, Others), By Point of Measurement (Ear, Forehead, Oral, Anal, Ambient, Others), By End-User (Hospitals, Clinics, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Medical Thermometer Market Overview

Medical Thermometer Market is estimated to reach at a CAGR of 8.5% during the forecast period (2023-2030).

A medical thermometer is a diagnostic medical device used for measuring the body temperature of humans or animals. Most of the medical thermometer shows both the Celsius scale and Fahrenheit temperature scales and is accurate and sensitive.

Medical Thermometer Market Scope

To Know More Insights - Download Sample

Medical Thermometer Market Dynamics:

Growing demand for multifunction non-contact clinical electronic thermometers is expected to drive market growth.

According to Health Management, in 2020. Geratherm brings a device with Infrared Technology that sets a new standard in contact-less temperature measurement. Avoiding direct skin contact minimizes the transmission of germs and viruses. With an extended measuring range of 0 °C – 100 °C, the device can measure temperature within 3 seconds with an outstanding +/- 0, 2 °C. In addition, the clinically tested thermometer comes with several useful and attractive features like a large back-lit display with efficient lens effect, acoustic and fever indicator, automatic signal and convenient alternating between °F and °C. With a storage capacity of 30 measurements, it switches off automatically after every operation and is delivered in an attractive case. Therefore, there is a rapid increase in the demand for these thermometers. Hence, the growing demand for multifunction non-contact clinical electronic thermometers is expected to drive market growth from the above statements.

Technological advancements infrared radiation thermometer is expected to drive market growth.

A zero-drift, mid-wave infrared (MWIR) thermometer was constructed using a chopper-stabilized operational amplifier (op-amp) is compared against an identical thermometer that utilized a precision op-amp. The chopper-stabilized op-amp resulted in a zero-drift infrared radiation thermometer (IRT) with approximately 75% lower offset voltage, 50% lower voltage noise and less susceptibility to perturbation by external sources. Moreover, it was compared to the precision op-amp IRT when blanked by a cover at ambient temperature. Significantly, the zero-drift IRT demonstrated improved linearity to measure target temperatures between 20 °C and 70 °C compared to the precision IRT. It eases the IRT calibration procedure, leading to an improved temperature measurement tolerance of such low target temperatures. The zero-drift IRT was demonstrated to measure a target temperature of 40 °C with a reduction in the root mean square (RMS) noise from 5 K to 1 K compared to the precision IRT. Thus, from the above statements, technological advancements infrared radiation thermometer is expected to drive market growth.

A distinctive way of trading FDA-approved Infrared thermometers is expected to hamper the market's growth.

According to the U.S Customs and Board Protection, officers assigned at the Port of Birmingham discovered nearly 500 unregistered non-contact and infrared thermometers originating in Malaysia and China. If genuine, the thermometers would have a combined MSRP of $21,400. Moreover, CBP Birmingham officers seized 355 of these infrared thermometers because the shipping company was not registered with the FDA at the time of importation. Although the thermometers included U.S. Food and Drug Administration (FDA) markings on the packaging and devices, they are seized because the shipping company was not registered with the FDA at the time of importation. All medical devices imported into the United States must meet the FDA's regulatory requirements, including pre-market notification to the FDA under section 510(k) of the Food, Drug and Cosmetic Act. Goods that do not meet FDA requirements may be seized and prevented from entering U.S. commerce. Thus, from the above statements, a distinctive way of trading FDA-approved Infrared thermometers is expected to hamper the market's growth.

COVID-19 Impact Analysis:

COVID-19 pandemic has positively impacted the healthcare industry with increased demand for medical thermometers, which is likely to drive the market during the forecast period. The need for thermal screening at offices, public places, and hospitals has increased the demand for infrared medical thermometers, with offices being operational in a staggered manner worldwide, as per the government guidelines. Moreover, companies are installing fever scanning stations, digital trackers, and other systems to reduce the spread of COVID-19. Security officials use various devices, such as digital medical thermometers and sophisticated heat detection cameras to identify if someone is unwell. For instance, according to CNBC, companies such as Walmart and Amazon will be checking the temperature of hundreds and thousands of employees every day before they begin work. Such factors are expected to boost the demand for medical thermometers globally.

Medical Thermometer Market Segment Analysis

Adults segment is expected to hold the largest market share in this market segment.

The adults' segment held the largest market share in 2020. The growth is attributed to the people get older, they get prone to medical conditions, such as diabetes, renal, and cardiovascular diseases. It means that their immune system does not function well and gets weaker. For instance, according to the American Diabetes Association, on January 13, 2021. Every day more than 4,000 people are newly diagnosed with diabetes in America. More than 122 million Americans have diabetes or prediabetes and strive to manage their lives while living with the disease. The American Diabetes Association (ADA) is the nation's leading voluntary health organization fighting to bend the curve on the diabetes epidemic and help people living with diabetes thrive. Moreover, for 80 years, the ADA has been driving discovery and research to treat, manage and prevent diabetes while working relentlessly for a cure. Therefore, adults are more susceptible to infectious diseases, which, in turn, is likely to boost the demand for medical thermometers.

Digital Medical Thermometer segment is expected to hold the largest market share in this market segment.

The digital medical thermometers segment dominated the market in 2020. It is attributed to the benefits offered by digital medical thermometers, such as higher accuracy, ease to clean and disinfect, and low chances of cross-infection of these devices. For instance, in 2018, the Drug Technical Advisory Body (DTAB) approved a proposal to include mercury-free thermometers with BP monitoring machines under the preview of the D&C Act, 1940. This proposal has helped maintain the quality of medical thermometers, ensuring patient’s safety.

Ear point segment is expected to hold the largest market share in this market segment.

Ear point of measurement segment dominated the market in 2020. The ear (tympanic) temperature accuracy is much higher compared to other modes of temperature measurement. Thermometers use electronic heat sensors to record body temperature inside the ear canal. This thermal radiation emitted is proportional to the tympanic membrane's temperature and most closely reflects the brain's temperature. Therefore, it is an ideal location for accurate temperature assessment.

Medical Thermometer Market Geographical Share

North America region holds the largest market share in the global medical thermometer market.

North America dominated the market with a revenue share in 2020. The growth is attributable to government initiatives, the high prevalence rate of infectious diseases, and the prevalence of other medical conditions such as dengue, malaria, swine flu. For instance, according to the Centers for Disease Control and Prevention(CDC), it is estimated that 35.5 million people were affected with influenza, out of which 16.5 million people visited physicians, and 490,600 were hospitalized during the 2018 - 2019 season. Moreover, increasing R&D activities, technological advances, rising concern of individuals regarding self-health care management. Additionally, the availability of technologically advanced products and the presence of major key players such as 3M, Medline Industries, Welch Allyn, America Diagnostics Corporation, A&D Medical are is also contributing towards the growth of the market in the region.

Medical Thermometer Market Companies and Competitive Landscape

The medical thermometer market is vast with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include A&D Company, Limited, American Diagnostic Corporation, Exergen Corporation, CITIZEN SYSTEMS JAPAN CO.,LTD, Actherm Medical Corp., McKesson Corporation, Terumo Corporation, Compumedics Ltd., Cardinal Health and Easywell Biomedicals, Inc. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the medical thermometer market globally. For instance,

In October 2020, the company Masimo Corporation announced the Radius T Continuous Thermometer launch for consumers.

In March 2021, the company Mestek had launched the digital thermometer on E-commerce.

Medical Thermometer Market Key Companies to Watch

A&D Company, Limited:

Overview:

A&D Company, Limited was founded in 1977, Higashi-Ikebukuro, Toshima-Ku Tokyo, Japan-based manufacturer of measurement equipment such as digital blood pressure monitors, scales for medical and home use, ultrasonic nebulizers, as well as analog-to-digital and digital-to-analog converters for semiconductor manufacturing equipment and electron guns.

­Type Portfolio:

A&D Company, is offering blood pressure monitors, pulse oximeter, weight scales and thermometers.