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.
Further key findings from the report suggest:
·
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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Moreover, the ban of
traditional mercury in-glass fever thermometer in 13 states of the U.S. boosts
the sale of non-contact thermometers. The government has passed laws for
banning the production and sale of mercury thermometers. Through various
initiatives, such as the mercury pollution prevention program, the United
States Environmental Protection Agency (USEPA) has been spreading awareness
about the harmful effects of mercury. Currently, infrared thermometers are
being widely used for screening body temperature in public places, given their
non-contact benefit.
Instant patents have
been provided to many companies that are developing infrared sensors for
temperature measurement, to avoid cross-contamination, which is also likely to
support market growth. Emerging and small-sized companies, such as Kinsa, a San
Francisco-based start-up, and SpotSee, a Texas-based company, are expanding
their manufacturing capabilities to address the rising need for thermometers.
For instance, Kinsa, Inc., distributed around 7,500 Bluetooth-enabled smart
thermometers to community-based organizations and underserved individuals.
This thermometer can
pair up with a smartphone app, and allow tracking of real-time COVID-19 hot
spots across the U.S. Furthermore, presence of key manufacturers and a number
of research and academic institutes using thermometers for laboratory purposes
along with rising concerns regarding self-health care management are expected
to boost the market growth. 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, including the U.S., over-the-counter
sales of thermometers in the consumer market is rising. Citizens were 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 the product
demand. Moreover, increasing the prevalence of other diseases, such as dengue,
swine flu, and malaria, drive demand for these devices for assessment of
precise body temperature. According to the CDC, every year, approximately 2,000
cases of malaria are diagnosed in the country.
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The
mercury-free segment led the overall market in 2019 accounting for the highest
share of over 60%. The segment is further divided into infrared radiation,
digital, and other thermometers. It is estimated to retain its leading position
registering the fastest CAGR over the forecast period. This growth can be
attributed to the technological advancements, new product launches by key
manufacturers, and rising prevalence of fever and flu.
Other
factors driving the segment include benefits offered by mercury-free
thermometers, such as higher accuracy, non-contact surface temperature
readings, and low chances of cross-infection. In 2018, the Drug Technical
Advisory Body (DTAB) approved a proposal to include mercury-free thermometers
with BP monitoring machines under the preview of the D&C Act, 1940. This
proposal has helped maintain the quality of thermometers, ensuring patient
safety. In addition, the growing spread of COVID-19 infection in the U.S. also
increased the demand for these devices.
Grand
View Research is an India & U.S. based market research and consulting
company headquartered in San Francisco, which offers syndicated research
reports, customized research reports, and consulting services. The company’s
rich database includes in-depth analysis across a range of industries including
chemicals, materials, energy, healthcare, and technology, among others.
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