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What Growth Projections are in Place for the Medical Thermometer Market Between 2024-2033?

The size of the medical thermometer market has seen significant growth in the past few years. The market forecast predicts growth from $2.33 billion in 2023 to $2.63 billion in 2024, indicating a compound annual growth rate (CAGR) of 12.9%. Factors contributing to the historic growth include an increase in patient awareness, a surge in the elderly population, amplified government backing, growing health consciousness, and a rise in healthcare spending.

An escalation in the medical thermometer market size is foreseen over the next several years, culminating to $4.29 billion by 2028, propelled by a compounded annual growth rate (CAGR) of 13.0%. Factors contributing to this expected surge during the forecast period include a rising requirement for non-touch thermometers, a growing number of infectious and viral diseases, a heightened emphasis on digital thermometers, and the increasing operations of smaller and emerging entities. Key trends expected during this forecast period involve a heightened uptake of smart and linked thermometers, technological progress, the integration of IoT devices with thermometers, and digital thermometer innovations.

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What Are the Major Factors Contributing to the medical thermometer Market Expansion?

The rise in infectious diseases globally is projected to fuel the expansion of the medical thermometer market. Such illnesses, caused by harmful microorganisms like bacteria, viruses, fungi or parasites, can easily spread between individuals whether directly or indirectly. Factors such as increased global travel, urbanisation, changes in climate and resistance to antimicrobials contribute to the quick dissemination and introduction of new pathogens. Medical thermometers play an essential role in the management and treatment of these diseases, as they accurately monitor and assess fever, which is vital for gauging treatment efficacy and revising care schedules. For example, data obtained from the Australian Institute of Health and Welfare in July 2024 indicated that over 362,600 hospitalisations occurred due to infectious diseases. Interestingly, 92% of these diseases were non-notifiable. Consequently, the growing frequency of infectious diseases is propelling the medical thermometer market.

Which Key Segments Shape the Medical Thermometer Market?

1) By Product Type: Infrared Radiation Thermometers, Mercury Thermometers, Digital Thermometer

2) By Patient Demographic: Adults, Pediatrics

3) By Point Of Measurement: Ear, Forehead, Oral, Ambient, Anal

4) By Application: Hospitals, Clinics, Homes

What Are the Transformative Trends Influencing the Medical Thermometer Market?

In the realm of medical thermometer production, prominent firms such as Exergen are improving and enhancing their offerings with advanced devices like progressive temporal artery thermometers. These high-tech thermometers offer convenient, non-invasive temperature readings, proving to be a reliable choice for individuals of all age groups – from infants to adults. Inbuilt with innovative infrared technology, these instruments ascertain body heat through the temporal artery present in the forehead to give swift and precise readings. In June 2022, infrared scanner, thermometer, and sensor provider, Exergen, brought the TAT-2000 and TAT-2000C thermometers to the Indian market. These top-tier temporal artery thermometers, powered by infrared technology, efficiently measure temperature through heat detection from the temporal artery, facilitating uncomplicated forehead scanning. These high-demand thermometers boast features such as a soft backlight display, memory for retaining the last eight readings, and a silent mode, proving to be a growing trend in the medical thermometer sector seeking efficient and user-friendly tools.

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What Regions Are Leading the Growth Trajectory of the Medical Thermometer Market?

North America was the largest region in the medical thermometer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical thermometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Medical Thermometer Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the medical thermometer market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Medical Thermometer Market Include

1. Medical Thermometer Market Executive Summary

2. Medical Thermometer Market Segments

3. Medical Thermometer Market Size And Template Market Growth Rate

4. Key Medical Thermometer Market Trends

5. Major Medical Thermometer Market Drivers

……

25. Key Mergers And Acquisitions In The Medical Thermometer Market

26. Top Medical Thermometer Companies

27. Medical Thermometer Market Opportunities And Strategies

28. Medical Thermometer Market, Conclusions And Recommendations

29. Appendix

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