The U.S. medical thermometer market size is expected to reach USD 653.0 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 28.7% over the forecast period. Increasing cases of COVID-19, malaria, influenza, and norovirus along with other medical conditions are driving the product demand for the assessment of precise body temperature.
In addition, growing demand for Non-contact Clinical Electronic Thermometers (NCITs) is expected to boost market growth. As compared to contact type thermometer, NCITs are more frequently used in various infectious diseases including COVID-19, as components of the contact type, clinical thermometer poses high risks of infection.
Moreover, the introduction of new products and incorporation of new technologies by market players are likely to boost the market growth during the forecast period. For instance, MicroLife is the first company to launch ‘Silent Glow Technology”, which shows red light if the temperature exceeds 37.4 degree Celsius.
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U.S. Medical Thermometer Market Report Highlights
• Based on devices, the market is segmented into mercury-based and mercury-free. Mercury-free was the leading device segment with a share of over 60.6% in 2019
• The segment is projected to retain its dominant position over the forecast years on account of to the benefits of these devices, such as accurate readings & low chances of cross-infection, as well as rising prevalence of diseases such as fever and flu
• The mercury-free segment is further divided into infrared radiation, digital, and other thermometers and is projected to expand at the fastest CAGR over the forecast period
• Some of the key players operating in the market are Medline Industries, Inc.; 3M; Welch Allyn; America Diagnostics Corp.; A&D Medical; Exergen Corporation, and MicroLife Corporation
• Market participants are trying to gain competitive advantage by providing technologically advanced products, such as Bluetooth-enabled thermometers and multifunctional NCITs
• For instance, in April 2020, Kinsa, Inc., distributed around 7,500 Bluetooth-enabled smart thermometers, which can pair up with smartphone apps and allow tracking of real-time COVID-19 hot spots across the U.S.
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