Medical Thermometer
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
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[186 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.

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.

Medical Thermometer Market
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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

    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.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Medical Thermometer Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Medical Thermometer Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Medical Thermometer Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Medical Thermometer Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Medical Thermometer Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Medical Thermometer Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Medical Thermometer Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Medical Thermometer Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Medical Thermometer Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Medical Thermometer Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

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. [Published On: 2023-03-08]

  • 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. [Published On: 2023-02-14]

  • 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. [Published On: 2022-09-19]

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.

Medical Thermometer Market - Global Forecast 2024-2030
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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

This research report offers invaluable insights into various crucial aspects of the Medical Thermometer Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Medical Thermometer Market, by Device
  7. Medical Thermometer Market, by Point of Measurement
  8. Medical Thermometer Market, by Patient Age Category
  9. Medical Thermometer Market, by Connectivity
  10. Medical Thermometer Market, by End-User
  11. Americas Medical Thermometer Market
  12. Asia-Pacific Medical Thermometer Market
  13. Europe, Middle East & Africa Medical Thermometer Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 554]
  18. List of Companies Mentioned [Total: 32]
Medical Thermometer: Invaluable Device For Quick And Accurate Body Temperature Checks
July 27, 2023
Medical Thermometer: Invaluable Device For Quick And Accurate Body Temperature Checks
Medical thermometers are proving to be indispensable for taking patients' temperatures whenever and wherever they are needed while also helping doctors prescribe the ideal course of therapy.

With the rising cases of chronic and infectious diseases, the use of medical thermometers is scaling up, enabling healthcare professionals to conduct temperature checks on various locations, including oral, armpit, rectal, ear, or forehead.

The emergence of ground-breaking low-cost and high-precision reading thermometers has led to replacing traditional glass and mercury thermometers with advanced medical thermometers in hospitals.

While non-contact infrared thermometers have made it more convenient to measure temperature through the forehead from a close distance within seconds, digital thermometers are turning out to be the fastest and most accurate type of medical thermometers. Since the COVID-19 outbreak, the usage of no-touch thermometers has dramatically expanded and has continued to lower the risk of contracting diseases through physical contact.

Understanding the body's core temperature is vital in providing adequate medical care, prompting the development of cutting-edge medical temperatures connected to the internet or mobile applications to monitor flu patients.

The evolution of technology and innovations in medical thermometers continue to offer greater clarity, better safety, and quick temperature results to improve patient treatment outcomes.

The Rise of Multifunction Non-Contact Clinical Electronic and Digital Thermometers
October 29, 2023
The Rise of Multifunction Non-Contact Clinical Electronic and Digital Thermometers
The healthcare industry has never been more essential, and with the recent pandemic, the demand for medical equipment has skyrocketed. One essential tool that all healthcare practitioners require is a reliable thermometer, and there has been a growing trend towards using it.

Non-Contact Thermometers:

Firstly, non-contact thermometers eliminate the need for physical contact between the device and the patient's skin, reducing the risk of cross-infection. These types of thermometers use infrared technology to capture body temperature, making them easier and faster to measure. This method of measuring body temperature is also more convenient, especially for babies and young children, as they prefer to avoid the discomfort of traditional thermometers.

Multifunctional Thermometers:

Multifunctional thermometers can measure a range of vital signs alongside temperature, such as heart rate and blood pressure. These devices are perfect for healthcare practitioners as they comprehensively overview a patient's physical health. They also facilitate doctors in diagnosing various conditions by providing a comprehensive view of the patient's health status, thus significantly improving the quality of care they can deliver.

Electronic and Digital Thermometers:

Electronic and digital thermometers are able to provide accurate and reliable temperature readings in a matter of seconds. They are easy to operate and require little to no maintenance, making them suitable for busy healthcare practitioners. They also have advanced features, such as memory functions and backlit displays, allowing easy data retrieval and viewing.

Growing Demand:

The demand for multifunction non-contact clinical electronic and digital thermometers has skyrocketed due to the pandemic, as it is essential to monitor body temperature and ensure that patients are not infected with COVID-19. These thermometers have proven to be better suited to the current healthcare climate as they provide fast and accurate readings while reducing the risk of contamination.

Multifunctional non-contact clinical electronic and digital thermometers are the way forward in healthcare. They provide an effective and efficient method of measuring body temperature while reducing the risk of infection. These thermometers have advanced features that give healthcare practitioners a comprehensive overview of a patient's physical health, making it easier to diagnose various conditions. Furthermore, they provide fast and accurate readings while requiring little maintenance. It is no surprise that the growing trend towards these types of thermometers is set to continue in the coming years.

Frequently Asked Questions
  1. How big is the Medical Thermometer Market?
    Ans. The Global Medical Thermometer Market size was estimated at USD 2.54 billion in 2023 and expected to reach USD 2.95 billion in 2024.
  2. What is the Medical Thermometer Market growth?
    Ans. The Global Medical Thermometer Market to grow USD 7.17 billion by 2030, at a CAGR of 15.92%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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