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What is the Predicted Annual Growth Rate of the Medical Thermometer Market Over the Coming Decade?

The growth in size of the medical thermometer industry has been particularly swift over the last few years. The market is projected to expand from $2.63 billion in 2024 to $2.98 billion in 2025, implying a 13.3% compound annual growth rate (CAGR). Factors contributing to this growth in the historical period include heightening patient awareness, an aging population, augmented government assistance, increased focus on health, and rising healthcare costs.

The market size of medical thermometers is poised for a significant expansion in the forthcoming years, with an expected elevation to $4.83 billion in 2029, reflecting a compound annual growth rate (CAGR) of 12.9%. A surge in the need for non-contact thermometers, a greater number of infectious and viral diseases, an enhanced emphasis on digital thermometers, and the operations of emergent and smaller scale players propel the forecasted growth. Key trends for the forecast period encompass the rising adoption of smart and interconnected thermometers, progress in technology, the incorporation of thermometers with Internet of Things (IoT) devices, and innovative strides in digital thermometer technology.

What Key Drivers Are Accelerating the Growth of the Medical Thermometer Market During the Forecast Period?

The growing incidence of contagious illnesses is anticipated to drive the expansion of the medical thermometer market. Contagious illnesses are those caused by harmful organisms such as bacteria, viruses, fungi, or parasites that can be transmitted either directly or indirectly from one person to another. Factors like increased global travel, urbanization, climatic alterations, and antimicrobial resistance are all contributing to the swift spread and introduction of novel pathogens. For effective infectious disease treatment, a medical thermometer is vital to precisely track and control fever, which is key in assessing the efficacy of treatment and modifying care strategies. For example, data from the Australian Institute of Health and Welfare in July 2024 suggested that over 362,600 hospital admissions were due to contagious diseases, with 92% linked to non-notifiable diseases. Thus, the escalating incidence of contagious illnesses is propelling the growth of the medical thermometer market.

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What Are the Major Players Making an Impact in the Medical Thermometer Market’s Growth?

Major companies operating in the medical thermometer market are McKesson Corporation, Cardinal Health Inc., F. Hoffmann-La Roche Ltd., 3M Company, Medline Industries Inc., Terumo Corporation, Hill-Rom Holdings Inc., Radiant Innovation Inc., Beurer GmbH & Co. KG, Briggs Medical Service Company, Exergen Corporation, Geratherm Medical AG, America Diagnostics Corporation, Medical Indicators Inc., A&D Company Limited, Easywell Biomedicals Inc., Kaz USA Inc., Tecnimed Srl, Hicks Thermometers India Limited, Mediaid Inc.

Which Upcoming Trends Are Set to Influence the Medical Thermometer Market’s Path Forward?

Leading firms in the medical thermometer market are concentrating their efforts on creating sophisticated products like advanced temporal artery thermometers. These devices offer swift, non-invasive temperature assessments that cater to a broad demographic, including infants and adults. They use infrared technology to detect the heat emitted from the temporal artery on the forehead, which allows for quick and precise temperature readings for all ages. As an example, Exergen, an American company known for their design and manufacturing of infrared scanners, thermometers, and sensors, introduced the TAT-2000 and TAT-2000C thermometers in India in June 2022. These advanced temporal artery thermometers are built for speed and accuracy for non-invasive temperature measurements. They harness infrared technology to sense the heat radiating from the temporal artery, ensuring easy scanning across the forehead. Equipped with a soft-glow display, memory to store the last eight readings, and a silent mode, these thermometers are meeting the rising need for effective and user-friendly options in the medical thermometer market.

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What Are the Core Segments of the Medical Thermometer Market, and How Do They Contribute to Growth?

The medical thermometermarket covered in this report is segmented –

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

Subsegments:

1) By Infrared Radiation Thermometers: Forehead Infrared Thermometers, Ear Infrared Thermometers, Surface Infrared Thermometers, Handheld Infrared Thermometers

2) By Mercury Thermometers: Clinical Mercury Thermometers, Household Mercury Thermometers, Industrial Mercury Thermometers

3) By Digital Thermometers: Oral Digital Thermometers, Rectal Digital Thermometers, Axillary Digital Thermometers, Non-Contact Digital Thermometers

What Regions Are Steering Growth in the Medical Thermometer Sector?

North America was the largest region in the medical thermometer market in 2024. 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.

What Are the Core Features That Define the Medical Thermometer Market?

A medical thermometer is a device used to measure body temperature. It typically consists of a temperature-sensitive element (such as mercury, alcohol, or digital sensors) that responds to the heat emitted by the body, providing an accurate reading of an individual’s body temperature. The primary purpose of a medical thermometer is to monitor body temperature to detect if a person has a fever or is experiencing abnormal temperature fluctuations.

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