Global Medical Thermometer Market was valued at USD 280.3 million in 2020 and it is anticipated to grow at CAGR 18.2 % from 2020-2027.
The increase in prevalence of infectious diseases including COVID-19, malaria, and dengue is expected to boost the global medical thermometer market growth. The Qualiket Research offers in-depth analysis, revenue details, and other vital information regarding the target market.
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Medical thermometer is the type of temperature monitoring device which is used to monitor the human body temperature. These are divided into various types such as mercury based, infrared, digital, and others. Temperature monitoring is very essential to avoid hypothermia and hyperthermia situations. Also temperature measurement is essential to avoid any antigenic response, inflammation, or infection.
Increase in applications of thermometer in temperature monitoring for medical purposes which expected to boost the global medical thermometer market growth. Furthermore, continuous advancements in temperature monitoring devices will positively contribute the market growth. Also, increase in healthcare expenditure and rise in awareness regarding health will boost the market growth. Moreover, rise in number of medical conditions and disorders are requiring precise measurement of body temperature for deciding treatment option will drive the market growth during this forecast period. Additionally, rise in COVID 19 pandemic across the globe will fuel the market growth. Fever is the most common symptom of corona virus infection which is expected to propel the market growth.
However, stringent governing policies by regularity healthcare authority are considered as the major challenging factor which expected to hinder the global medical thermometer market growth during this analysis period.
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Impact of COVID-19
The increase in COVID 19 outbreak is expected to positively influence the global medical thermometer market growth, owing to increase in demand for temperature monitoring devices to measure fever. Over the forecast period market size may increase.
Various key players are listed in this report such as Omron Healthcare, Inc, Good Neighbor Pharmacy, Fairhaven Health, LLC, RADIANT INNOVATION INC., 3M, TERUMO CORPORATION, Innovo Medical, and Citizen Systems, Exergen Corporation.
- Qualiket Research study provides an in-depth analysis of the Global Medical Thermometer Market, with current trends and future estimations to elucidate investment pockets.
- Qualiket Research covers a quantitative analysis to help stakeholders capitalize on prevailing market opportunities from 2020-2027 in terms of value.
- Key companies have been profiled and their strategies thoroughly analyzed, which predict the competitive outlook of the Global Medical Thermometer Market
Based on the region, the global medical thermometer market segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The market in the North America is anticipated to dominate the global medical thermometer market, due to the increase in research and development activities, growing the adoption of technologically advanced healthcare infrastructure, and the increase in concerns of individuals regarding self-health care management. Further, Asia Pacific is expected to register the highest market share of medical thermometer market, due to increase in healthcare expenditure and developing medical infrastructure.
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