According to a new report Global Medical Thermometer Market, published by KBV research, The Global Medical Thermometer Market size is expected to reach $972.7 Million by 2026, rising at a market growth of 6.5% CAGR during the forecast period.
By the patient age category, the adult segment has led the market to have the highest market share in the year 2019. As older people are more prone to medical conditions like diabetes, cardiovascular, and renal diseases because their immune system gets weaker and does not function well. Thus, adults are also more vulnerable to infectious diseases, these factors are likely to increase the market demand for medical thermometers. The pediatrics segment is anticipated to show a significant CAGR from the year 2020 to 2026. Children are exposed to a wide range of germs and are at higher risk of vector-borne, water- and food-borne, airborne diseases.
The segment of digital medical thermometers has led the market with a market share of more than 45% in 2019. This is accredited to the benefits that are being offered by digital medical thermometers including higher accuracy, low chances of cross-infection, and easy to clean and disinfect of these devices. The segment infrared radiation medical thermometers are likely to show a prominent CAGR from the year 2020 to 2026. This is due to growing cases taking readings from non-contact surface temperature.
North America led the market in the year 2019. This is accredited to factors such as the presence of better government initiatives, increasing the occurrence of infectious diseases, as well as the prevalence of other medical conditions like dengue, malaria, swine flu. The market in the Asia Pacific is predicted to show the highest CAGR from the year 2020 to 2026. This growth is accredited to increased disposable income, and rising cases of viral and bacterial diseases such as COVID-19, influenza, etc.
Structural Insights: https://www.kbvresearch.com/medical-thermometer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 3M Company (Nexcare), Hill-Rom Holdings, Inc. (Welch Allyn), F. Hoffmann-La Roche Ltd. (America Diagnostics Corporation), McKesson Corporation, Cardinal Health, Inc., Terumo Corporation, Medline Industries, Inc., A&D Company, Limited, Exergen Corporation and Easywell Biomedical, Inc.
Global Medical Thermometer Market Segmentation
By Point of Measurement
- Other Point of Measurements
- Infrared Radiation Thermometers
- Digital Thermometer
- Other Products
By Patient Age Category
- Rest of North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- 3M Company (Nexcare)
- Hill-Rom Holdings, Inc. (Welch Allyn)
- Hoffmann-La Roche Ltd. (America Diagnostics Corporation)
- McKesson Corporation
- Cardinal Health, Inc.
- Terumo Corporation
- Medline Industries, Inc.
- A&D Company, Limited
- Exergen Corporation
- Easywell Biomedical, Inc.