Mercury-Free Medical Thermometers Are Anticipated To Be High In Demand over the Coming Years
United States, Rockville MD, Aug. 19, 2022 (GLOBE NEWSWIRE) -- As of 2022, the global medical thermometers market enjoys a valuation of US$ 2.2 billion and is projected to increase at a high CAGR of 8% over the next four years, as per detailed industry research by Fact.MR, a market research and competitive intelligence provider.
Increasing prevalence of infectious diseases and rising focus on healthcare are anticipated to prominently drive medical thermometers market growth over the coming years. Rising geriatric population and growing popularity of home care are also expected to favor market expansion over the next four years.
For Critical Insights on Medical Thermometer Market, Request a Sample Report
Key medical thermometer manufacturing companies are anticipated to focus on product innovation and the launch of novel products to increase their sales and strengthen their market presence.
Neptune, a global health and wellness organization, in May 2020, announced the launch of a new infrared thermometer. The company launched Neptune Air to meet the high demand created by the emergence of the global COVID-19 pandemic.
Which Type of Medical Thermometers Will be Popular Going Forward?
“Infrared Thermometers to Witness Higher Demand Growth”
The global medical thermometers market based on product type is segmented into digital thermometers, infrared thermometers, and other product types.
The digital thermometers segment is projected to account for a significant market share across the forecast period owing to their rising popularity and accuracy. Increasing technological proliferation is anticipated to propel digital thermometer demand at a CAGR of around 7% throughout the forecast period.
Rising focus on patient safety and increasing focus on reducing cross-contamination are prime factors that are expected to favor sales of infrared thermometers over the next four years. The emergence of the COVID-19 pandemic in 2020 bolstered the demand for infrared thermometers and other non-contact thermometers which, is expected to foster through 2026.
To learn more about Medical Thermometer Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7630
Key Segments Covered in the Medical Thermometer Industry Survey
By Product Type :
Other Product Types
By End User :
Other End Users
By Region :
Key suppliers of medical thermometers are expected to focus on new product launches to maximize their sales potential and increase their revenue generation capacity.
In May 2022, Exergen Corporation, a leading name in the medical thermometer industry, announced the launch of a new thermometer made for the Indian market. The TAT-2000 temporal artery thermometer is easy to use and highly accurate.
This latest research by Fact.MR, a market research and competitive intelligence provider, lists all the recent innovations in the medical thermometers industry landscape and also provides a comprehensive account of all the opportunities in the medical thermometers marketplace.
Get Customization on Medical Thermometer Market Report for Specific Research Solutions
Key players in the Medical Thermometer Market
A&D Company Limited
Citizen Systems Japan Co. Ltd.
American Diagnostic Corporation
Actherm Medical Corp.
RG Medical Diagnostics
Key Takeaways from Medical Thermometer Market Study
The global medical thermometers market is valued at US$ 2.2 billion in 2022.
Demand for medical thermometers is slated to rise at a notable CAGR of 8% CAGR from 2022 to 2026.
By 2026, the global market is predicted to account for a US$ 3 billion valuation.
Rising prevalence of infectious diseases, increasing focus on preventive healthcare, rising healthcare expenditure, and technological advancements are expected to significantly drive medical thermometers market growth.
The market for medical thermometers in Japan is projected to evolve at 6% CAGR through 2026.
The U.S. medical thermometers market is currently valued at US$ 900 million.
The market in China is projected to expand at a CAGR of 8.4% and reach an approximate valuation of US$ 300 million by 2026.
Explore Fact.MR’s Coverage on the Healthcare Domain
Medical Holography Market - The medical holography market was valued at US$ 447.8 Million in 2019 and is projected to reach a value pool US$ 3.5 Billion by 2026, registering a stellar CAGR of 34.0% throughout the forecast period. This is in response to increasing demand for medical holography imaging.
High-flow Nasal Cannula Market - North America is anticipated to dominate the high-flow nasal cannula market during the forecast period. Preference for non-invasive ventilation (NIV) and continuous positive airway pressure (CPAP) devices has augmented rapidly in home care settings for patients suffering from respiratory diseases in North America.
Orthopedic Devices Market - The global orthopedic devices market is poised to grow moderately at a CAGR of 4.0% during the forecast period (2020-2026). This growth trajectory is attributed to the prevalence of a wide range of orthopedic disorders such as osteoarthritis, rheumatoid arthritis, fibromyalgia and juvenile arthritis.
Microscopy Devices Market - Significant growth of contract research organizations (CROs) has boosted the scope for microscopy devices. This is because all major companies are outsourcing their research and development to focus more on their core business segments and reduce other expenditures.
Opthalmic Drugs Market - Visual impairment is a global health concern having a negative impact on physical and mental health. The increasing patient pool of visually impaired is anticipated to boost demand for healthcare spending on ophthalmology drugs.
Advanced Wound Care Market - North America and Europe jointly dominate the global advance wound care market, capturing more than 70% of the market. Increasing prevalence of diabetic ulcers, venous disease and arterial injuries have prompted market players to establish their business operations in the North American market.
Diabetic Neuropathy Market - The peripheral neuropathy disorder segment is projected to find increased usage of diabetic neuropathy formulations. The scope for peripheral neuropathy drugs is poised to increase, as the treatment for peripheral neuropathy is currently confined on managing pain rather than regeneration of nerves.
Softgel Capsules Market - The global softgel capsules market has gained momentum and is slated to expand at a steady CAGR of 5.5% from 2021 to 2031, owing to their diverse usage in the pharmaceutical sector in treating cardio vascular, inflammatory, and other diseases.
Oral Thin Films Market - Rapid advancements in drug delivery technologies have provided a significant stimulus to the demand for oral thin films. Incorporation of key breakthroughs as biotechnology and polymerization has greatly assisted prominent manufacturers in developing highly effective product portfolios, expanding their revenue pools and attracting a huge customer base.
Platelet-Rich Plasma Market - As per Fact.MR – a market research and competitive intelligence provider- over the last 5 years, the global market for platelet-rich plasma expanded at over 10% CAGR, closing in at over US$ 400 Mn. Increasing sports injuries incidence have majorly heightened demand in recent years.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.