Home > Healthcare > Medical Devices > Diagnostic Devices > Disposable Thermometer Market
Disposable Thermometer Market size exceeded USD 86 million in 2019 and is estimated to grow at over 6.4% CAGR between 2020 and 2026. Disposable thermometers are rigid or flexible temperature measuring medical devices and are used in few target areas of the body such as arm pits, forehead, rectal and others. Disposable thermometers are intended for single use to curb the risk of cross contamination.
Report Attribute | Details |
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Base Year: | 2015 |
Disposable Thermometer Market Size in 2015: | 86.7 Million (USD) |
Forecast Period: | 2020 to 2026 |
Forecast Period 2020 to 2026 CAGR: | 6.4% |
2026 Value Projection: | 312.2 Million (USD) |
Historical Data for: | 2015 to 2019 |
No. of Pages: | 180 |
Tables, Charts & Figures: | 304 |
Segments covered: | Type, Target Area, End-use |
Growth Drivers: |
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Pitfalls & Challenges: |
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The growth is attributed to rise in bacterial diseases such as tuberculosis, syphilis, typhoid fever and COVID-19 among others, in which fever is the primary symptom. According to the Centers for Disease Control and Prevention (CDC), in March 2020, the percentage of deaths associated with influenza and pneumonia was above the epidemic threshold. Also, the trend of adopting non-mercury disposable thermometers in developed as well as developing regions has risen in the past few years.
The demand for disposable digital and mercury thermometers have risen in the past few months due to the outbreak of coronavirus pandemic. These thermometers were extremely useful, to identify the new cases caused by coronavirus outbreak, boosting the disposable thermometers industry growth. Rising preference of disposable thermometers by large patient pool suffering from chronic and infectious disease will further drive the market growth.
Furthermore, major industry players are focused on the development of disposable thermometers utilizing advanced technologies to provide faster results. However, high cost associated with disposable thermometers and measurement errors may hamper the disposable thermometers market growth over the forecast time period.
Mercury thermometers market was valued around USD 38.4 million in 2019 and is estimated to grow significantly during the forecast period. The major factors augmenting the market growth are growing number of infectious and chronic diseases. Such diseases are characterized by high fever, as a major distinctive symptom. Hence, measuring the temperature will be the primary diagnosis.
For instance, the novel pandemic coronavirus disease is spreading at an extremely high rate globally. The key role of thermometers is to measure the body temperature in public places such as shopping malls, hotels and shops among others.
However, mercury thermometers are traditional medical devices and cannot be used with patients without being in physical contact with them. Hence, reusable infrared thermometers are being utilized widely for contactless and efficient measurement of temperature in the current coronavirus epidemic.
Thus, a lower growth rate is observed as compared to other disposable thermometers. However, mercury thermometers are being widely used in home settings as a result of the recent pandemic, and thus resulting in significant revenue for 2019.
Oral segment held the highest revenue in 2019 and is expected to expand at a CAGR of 6.5% during the forecast timeframe. The segmental growth is attributed due to the advantages of oral thermometers. Few of the advantages include easy-to-use, lesser maintenance required and minimum chances of infection.
Also, the thermometers when placed in the oral cavity are very nearby to sublingual arteries that can track the changes in the body temperature. Thus, oral thermometers are more convenient and easily accessible that provide better estimation of core body temperatures.
Hospitals held a significant share of the global disposable thermometer market in 2019 and was valued at USD 28.6 million. Hospitals are well equipped with disposable and technologically advanced devices including thermometers to measure the body temperatures. Thus, increased implementation and adoption of thermometers in hospitals will further drive the segmental growth.
For instance, as per the American Hospital Association, in 2017, there were approximately 36.5 million admissions to hospitals, hence, indicating the requirement of measuring body temperature devices (thermometers), therefore enhancing the market growth.
Furthermore, the disposable thermometers have increased its significance, as a first-line diagnostic equipment that is used in general outpatient department, thereby supplementing the market growth during the forecast period.
One of the key factors responsible for regional growth is prevalence of various chronic and infectious diseases in the European region. Availability of advanced disposable thermometers to measure body temperature will serve as major impact rendering factor for growth of Europe disposable thermometer market.
According to the World Health Organisation (WHO), till March 2020, approximately 5,82,554 cases of COVID-19 were registered. Europe has faced severe outcomes of COVID-19, causing around 47,741 deaths, majorly in Italy and Spain. Furthermore, high disposable income and developed healthcare infrastructure will drive market growth in the region.
Some of the prominent players operating in the disposable thermometer market share include
These major industry players are focusing on new product launches and collaborations to sustain market growth and competition.
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By Type
By Target area
Oral
By End-use
The above information is provided for the following regions and countries: