Thermometers Market, By Product (Digital Thermometers and Liquid-filled Thermometers), By End-user (Hospitals, Clinics, Homecare, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034

Thermometers Market was valued at US$ 2.4 Billion in 2024 and is projected to grow at a CAGR of 8.8% to reach US$ 5.2 Billion by 2034.

A medical thermometer is a diagnostic medical device which is used for measuring the body temperature of human or animal. The medical thermometer has a tip that is inserted either into the mouth, under the tongue, under the armpit or into the rectum and a temperature sensor which is either mercury-based or digital-based. A medical thermometer is accurate and sensitive. Most of the medical thermometer shows both Celsius scale and Fahrenheit temperature scales. Medical thermometers are the most handy and useful of all the medical instruments that can use at home as well as in hospitals. The rise in the cases of influenza, norovirus, COVID-19, and other medical conditions as well as increasing awareness about how important it is to monitor body temperature, are some of the major factors anticipated to drive the market. Due to an increase in the spread of COVID-19 and the major symptom includes high fever and in order to monitoring and screening of temperature, there has been a sudden rise in demand for thermometers.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. The outbreak of COVID-19 has created large-scale opportunities for local manufacturers. Due to the restrictions on movement at international borders, the supply chain of major players has been disrupted. This has created an opportunity for local players to enter the market. This report will quantify the impact of pandemic on thermometers market.

The rising number of cases has led to a shortage of medical supplies, thus, local players are manufacturing products on a larger scale to meet the growing need. For instance, Kinsa, Inc., distributed around 7,500 Bluetooth-enabled smart medical thermometers to community-based organizations and underserved individuals. This medical thermometer can pair up with Smartphone apps, and allow tracking of real-time COVID-19 hot spots across the U.S. The introduction of the latest regulations on the marketing of clinical electronic thermometers by the U.S. FDA in April 2020 due to the outbreak of COVID-19 has boosted the sale of medical thermometers drastically round the world. This policy eases some regulatory requirements normally required for the event of clinical electronic thermometers and permits the import of those thermometers during this pandemic without obtaining FDA 510(k) pre-clearance. The FDA won't object to the marketing, distribution, and use of medical thermometers that aren't presently 510(k) cleared unless they create undue risks. This policy is merely effective for the duration of this public health emergency declared by the Department of Health and Human Services, thus boosting the market growth.

Rising awareness of self care

 The major key factor expected to drive growth of the global medical thermometers market is increasing fitness awareness. In addition, growing aging population, rising healthcare expenditure, increasing awareness regarding self-care management are the factors boosting the demand for global medical thermometers market. Moreover, the development of advanced medical thermometers as well as rising demand for quick and safe test coupled with increasing in adoption rate of digital thermometer is expected to fuel the market growth during the forecasted years. For instance, temperature monitoring will be the new norm for COVID-19 infection screening, until a vaccine is ready. With the community spread of the infection across the globe, over-the-counter sales of medical thermometers in the consumer market are rising. Citizens are informed to self-screen and monitor themselves at regular intervals. Thus, rising awareness about the significance of body temperature monitoring as an effective way to identify illnesses prior to clinical diagnosis drives adoption. Therefore, a high number of patients, supportive healthcare policies, and a developed healthcare market in the country are anticipated to boost the market.

The thermometers market is segmented based on product, end-user and region.

On the basis of product, the thermometers market is segmented into digital thermometers and liquid-filled thermometers. Based on end-user, the target market is segmented into hospitals, clinics, homecare, and others.

On region the thermometers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the market with a revenue share of 35.1% in 2019. This is attributable to the presence of government initiatives, the high prevalence rate of infectious diseases, and the prevalence of other medical conditions such as dengue, malaria, swine flu. For instance, as per the CDC, it is estimated that 35.5 million people were affected with influenza, out of which 16.5 million people visited physicians, and 490,600 were hospitalized during the 2018 - 2019 season. Furthermore, the availability of technologically advanced products and the presence of major key players such as 3M, Medline Industries, Welch Allyn, America Diagnostics Corporation, A&D Medical is also contributing towards the growth of the market in the region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 – 2034. For the purpose of this study, has segmented the global thermometers market report based on product, end-user and region.

Thermometers Market, By Product:

• Digital Thermometers
• Liquid-filled Thermometers

Thermometers Market, By End-user:

• Hospitals
• Clinics
• Homecare
• Others

Thermometers Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the thermometers market includes 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, and Biomedical, Inc. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, in August 2019, Hill-Rom has acquired Breathe Technologies, Inc. Through this acquisition, the company will expand its product portfolio by utilizing wearable non-invasive ventilation technology in its respiratory care products.

• 3M Company (Nexcare)
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• 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.