Global Disposable Thermometers Market To Be Driven By Increasing COVID-19 Cases And Other Infectious Diseases In The Forecast Period Of 2021-2026
The new report by Expert Market Research titled, ‘Global Disposable Thermometers Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global disposable thermometers market, assessing the market based on its segments like type, target area, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 17% (Global Medical Thermometers Market)
COVID-19 pandemic is one of the major reasons behind the gigantic market growth of disposable thermometers. The continuous spike in the number of COVID-19 cases is likely to fuel the market over the forecast period. The pandemic has also brought awareness about maintaining good health, and thus, in order to prevent infections from other diseases, such as C. difficile, MRSA, MDROs, Norovirus, Rotavirus, and other HAIs, people are investing in these types of thermometers. Furthermore, the advantages offered by using disposable thermometers, such as cost-efficiency, prevention from cross infection, hygienic, and accuracy, are likely to drive the market in the coming years. Also, the rising population and increasing disposable income would further contribute towards the market’s growth.
Industry Definition and Major Segments
A disposable thermometer is a temperature measuring device with a measuring range between 96.0-104°F. These thermometers are used for a few target areas of the body, such as the forehead, armpits, and rectum. The major reason behind the use of disposable thermometers is to reduce the risk of cross infection that can occur with the use of other thermometer systems.
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Based on the type of thermometers, the market has been segmented as:
• Digital Thermometer
• Mercury Thermometer
• Strip Thermometer
On the basis of target area, EMR has segmented the market into the following categories:
• Oral
• Axilla
• Rectal
• Others
Further, depending on the end uses of these thermometers, the market can be divided into:
• Hospitals
• Homecare Settings
• Diagnostic Centre
• Others
The report also provides an in-depth market analysis of various regions which includes:
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Market Trends
The rising prevalence of bacterial and viral diseases has led to an enormous increase in the use of disposable thermometers. The use of these thermometers has been increasing in healthcare settings due to the accuracy offered by them. The market is likely to be stimulated by continuous technological innovations and new product launches in order to cater the future market requirements. The excellent performance of these thermometers has been possible due to solid crystal technology, a technological innovation in the field. Tempagenix, LLC is also planning to launch a new version of its Temp-N-Toss disposable thermometer, which would not only be eco-friendly but also would be more accurate compared with its previous version . The advanced product launches or innovations are expected to bolster the market growth over the forecast period.
Key Market Players
The major players in the market are GF Health Products, Inc., 3M Co., Cardinal Health, Inc., Hangzhou Hua’an Medical & Health Instruments Co., Ltd, and Medical Indicators Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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