Medical Thermometer Market Report 2024

This Medical Thermometer market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The medical thermometer market size has grown rapidly in recent years. It will grow from $2.33 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth during the historic period can be attributed to rising patient awareness, an expanding geriatric population, increasing government support, heightened health consciousness, and rising healthcare expenditure.

The medical thermometer market size is expected to see rapid growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 13%. The growth during the forecast period can be attributed to the rising demand for non-contact thermometers, the increasing prevalence of infectious diseases, a higher incidence of viral diseases, a growing focus on digital thermometers, and expanding activities by emerging and small-sized companies. Key trends expected in this period include the growing adoption of smart and connected thermometers, technological advancements, the integration of thermometers with Internet of Things (IoT) devices, and innovations in digital thermometer technology.

The growing prevalence of infectious diseases is expected to drive the expansion of the medical thermometer market. Infectious diseases, caused by pathogenic microorganisms such as bacteria, viruses, fungi, or parasites, can spread directly or indirectly between individuals. Factors such as increased global travel, urbanization, climate change, and antimicrobial resistance contribute to the rapid spread and emergence of new pathogens. Medical thermometers are essential for managing infectious diseases by accurately monitoring fever, which is critical for assessing treatment effectiveness and adjusting care plans. For example, in July 2024, data from the Australian Institute of Health and Welfare revealed that in 2021, over 362,600 hospitalizations were due to infectious diseases, with 92% attributed to non-notifiable diseases. Hospitalizations for COVID-19 alone increased significantly, from 2,631 in 2020 to 57,238 in 2021. Thus, the rising incidence of infectious diseases is driving demand for medical thermometers.

Leading companies in the medical thermometer market are concentrating on developing advanced products, such as temporal artery thermometers, to offer quick, non-invasive temperature readings suitable for a wide range of users, including infants and adults. Temporal artery thermometers use infrared technology to measure body temperature by detecting the heat emitted from the temporal artery on the forehead, providing fast and accurate results for all age groups. For example, in June 2022, Exergen, a U.S.-based manufacturer of infrared scanners, thermometers, and sensors, launched the TAT-2000 and TAT-2000C thermometers in India. These advanced temporal artery thermometers are designed for fast, accurate, and non-invasive temperature readings by scanning the forehead. Equipped with features such as a soft-glow display, memory for the last eight readings, and a silent mode, they meet the growing demand for efficient and user-friendly thermometers in the market.

In March 2024, Healthy Together, a U.S.-based health technology company, acquired Kinsa Health for an undisclosed amount. This acquisition will incorporate Kinsa's AI technology into Healthy Together's SaaS platform, providing various sectors with AI-driven predictive health insights. Kinsa Health is a U.S.-based provider of thermometers.

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.

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 countries covered in the medical thermometer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A medical thermometer is a device used to measure body temperature. It typically features a temperature-sensitive element, such as mercury, alcohol, or digital sensors, that reacts to the body's heat to provide an accurate temperature reading. The primary function of a medical thermometer is to monitor body temperature to identify fever or abnormal temperature fluctuations.

The main types of medical thermometers are infrared radiation thermometers, mercury thermometers, and digital thermometers. Infrared radiation thermometers measure body temperature by detecting the infrared radiation emitted from the skin, especially from the forehead or ear. These thermometers are used for various measurement points, including the ear, forehead, oral, ambient, and anal, and are applied in settings such as hospitals, clinics, and homes.

The medical thermometer market research report is one of a series of new reports that provides medical thermometer market statistics, including medical thermometer industry global market size, regional shares, competitors with a medical thermometer market share, detailed medical thermometer market segments, market trends and opportunities, and any further data you may need to thrive in the medical thermometer industry. This medical thermometer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical thermometer market consists of sales of flexible tip thermometers, smart thermometers, clinical thermometers and related products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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