Global Medical Thermometers Market to Reach US$2.6 Billion by 2030
The global market for Medical Thermometers estimated at US$1.8 Billion in the year 2024, is expected to reach US$2.6 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2024-2030. Digital, one of the segments analyzed in the report, is expected to record a 7.3% CAGR and reach US$1.4 Billion by the end of the analysis period. Growth in the Infrared segment is estimated at 6.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$611.4 Million While China is Forecast to Grow at 10.7% CAGR
The Medical Thermometers market in the U.S. is estimated at US$611.4 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$329.0 Million by the year 2030 trailing a CAGR of 10.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.4% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.
Global Medical Thermometers Market - Key Trends & Drivers Summarized
Medical thermometers are essential diagnostic tools used to measure body temperature, a critical indicator of health and illness. These devices come in various types, including digital thermometers, infrared thermometers, and traditional mercury-in-glass thermometers. Digital thermometers, which are widely used due to their accuracy and ease of use, employ electronic heat sensors to record temperature, providing quick readings typically within seconds. Infrared thermometers, including tympanic (ear) and forehead thermometers, use infrared sensors to measure the heat emitted by the body, allowing for non-contact temperature measurement, which is particularly useful in minimizing the risk of infection transmission. Traditional mercury thermometers, while accurate, are being phased out due to concerns about mercury toxicity and environmental impact. They can be used either in the temporal, tympanic, rectal, axillary, or the oral regions for temperature measurement.
Technological advancements have significantly improved the functionality and accuracy of medical thermometers. Modern digital thermometers are equipped with advanced features such as memory functions, which store previous readings for comparison, and fever indicators, which alert users to high temperatures. Infrared thermometers have seen enhancements in sensor technology, making them more reliable and user-friendly, with some models capable of syncing data to smartphones for better health tracking. Additionally, the development of smart thermometers, which integrate with health apps, allows for real-time monitoring and remote consultation with healthcare providers. These innovations have expanded the usability of medical thermometers beyond traditional clinical settings to homes and public health environments, enhancing disease management and preventive care.
The growth in the medical thermometers market is driven by several factors. The increasing awareness of health and hygiene, particularly in the wake of global health crises like the COVID-19 pandemic, has heightened the demand for reliable and quick temperature measurement tools. The growing prevalence of chronic diseases and the need for regular health monitoring also contribute to market expansion. Technological advancements that improve the accuracy, ease of use, and connectivity of thermometers are attracting a wider user base, including families and healthcare facilities. The use of non-contact thermometers or infrared thermometers is on the rise due to their advantages, which include non-invasive and fast measurement of temperature, among others. This makes them ideal for use during pandemic or other infectious disease situations, where dependable and accurate measurement of temperature is critical. The expanding healthcare infrastructure in developing regions, coupled with increasing consumer health consciousness, further supports the robust growth of the medical thermometers market, making them indispensable tools in modern healthcare and everyday health management.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
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