Digital Body Thermometer Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2029
Overview
Digital Body Thermometer Market size is expected to reach US$ 2.83 Bn by 2029, at a CAGR of 8.23% during the forecast period.
The global Digital Body Thermometer market report is a comprehensive analysis of the industry, market, and key players.
The report has covered the market by demand and supply-side by segments. The global Digital Body Thermometer report also provides trends by market segments, technology, and investment with a competitive landscape.
Digital Body Thermometer Overview:
A digital body thermometer, often known as a medical thermometer, is a device that measures a person's or animal's body temperature. Traditional analog mercury thermometers are usually thought to be more accurate than digital body thermometers; however, studies published by the National Center for Biotechnology Information of the United States National Library of Medicine show that there is no significant difference in accuracy between the two types of thermometers. The analog bar and the mercury level in the thermometer must be checked for the temperature displayed by a thermometer in analog mercury thermometers. A digital body thermometer requires no manual reading because the numbers are displayed on a digital screen.
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Digital Body Thermometer Market Dynamics:
One of the main reasons for digital body thermometers is an increase in fitness consciousness. People nowadays prefer to acquire gadgets that keep them informed about their health concerns, while others prefer to see a doctor regularly. One of the most important measures of health is body temperature. People who want to keep track of their body temperature daily are inclined to purchase digital body thermometers. The demand for digital body thermometers is expected to grow in the near future due to an increase in the number of individuals consulting doctors.
Manual reading is not necessary for a digital body thermometer; the digits are shown using a digital display. Many digital body thermometers have some additional functionality, such as the memory to store battery charging and temperature readings. Certain digital body thermometers have charging functions, others have a single battery. In both traditional and digital body thermometers, the average time required to detect the precise body temperature is around three minutes. These factors also contribute to market growth.
Digital Body Thermometer Market Segment Analysis:
Depending upon the contact type, the digital body thermometer market is segmented into contact digital body thermometers and non-contact digital body thermometers. Different types of sensors are used in contact digital body thermometers to detect changes in body temperature. Infrared sensors detect the temperature of the body from infrared radiations emitted by the body in non-contact thermometers. Non-contact digital body thermometers are projected to increase rapidly in the near future due to their ease of use.
The Non-contact Digital Thermometer Segment Growth is increased during Covid 19:
The non-contact digital thermometer market has grown across the globe as a result of the adoption of innovative technology in healthcare and changing lifestyles. The introduction of COVID-19 has increased the use of non-contact thermometers in public spaces and healthcare facilities. Because of the multiple advantages of these thermometers, the market is likely to grow significantly in the future years.
The National Institute of Standards and Technology (NIST) and the Environmental Protection Agency (EPA) are taking steps to reduce the use of mercury in medical equipment as a result of the prohibition on the sale of mercury-based thermometers. Multifunction thermometers, which are a newer type of non-contact thermometer featuring both forehead and in-ear temperature sensing technologies accounted for over XX% of the global medical market share in 2019.
Digital Body Thermometer Market Regional Insights:
In 2021, the North American market was worth USD xx billion. The increasing prevalence of Covid-19 cases across the region explains the region's dominance in the digital body thermometer market. According to a study published by the Centers for Disease Control and Prevention (CDC), roughly 3.8 million confirmed cases of Covid-19 were reported in the United States in July 2020. Furthermore, the presence of significant players in the region is likely to enhance product sales even further. Due to an increase in financing for clinical trials of digital thermometers, the market in Europe is expected to rise significantly.
Growth in APAC:
Due to rising public awareness of the benefits of temperature monitoring systems during the coronavirus pandemic, as well as an increasing number of companies entering the Asian market, market in the Asia Pacific is predicted to grow at a considerable CAGR. Furthermore, the regulatory process for medical device approvals in India and China is less stringent. These countries make it easier for advanced products to enter the market. Furthermore, the availability of resources allows for technological breakthroughs at lower costs, increasing the number of manufacturing facilities in such countries.
Due to the presence of a large underpenetrated market, Latin America, the Middle East, and Africa accounted for a significantly lower percentage of the worldwide market.
The objective of the report is to present a comprehensive analysis of the Global Digital Body Thermometer Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Digital Body Thermometer Market dynamics, structure by analyzing the market segments and project the global Digital Body Thermometer market size. Clear representation of competitive analysis of key players By Contact Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Digital Body Thermometer Market make the report investor’s guide.
Impact of Covid-19:
The market is being driven by an increase in the occurrence of infectious diseases such as COVID-19, influenza, and other medical problems such as malaria and dengue fever, as well as increased awareness of the necessity of body temperature monitoring. Furthermore, the rising demand for multifunction non-contact digital thermometers is fueling market growth. The rising frequency of target diseases, rising operations by local and small-scale companies, and rapid technology breakthroughs are the primary drivers influencing the market growth. COVID-19 has produced a vast number of prospects for local manufacturers.
Digital Body Thermometer Market Scope: Inquire before buying
| Digital Body Thermometer Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2017 to 2022 | Market Size in 2022: | US $ 1.62 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 8.23% | Market Size in 2029: | US $ 2.83 Bn. |
| Segments Covered: | by Contact Type | • Contact Digital Body Thermometers • Non-contact Digital Body Thermometers |
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Digital Body Thermometer Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Digital Body Thermometer Market Key Players
• Exergen Corporation
• Omron Healthcare, Inc.
• Terumo Corporation
• Citizen Systems
• 3M (Nexcare)
• Innovo Medical
• Radiant Innovation Inc.
• Good Neighbor Pharmacy
• Fairhaven Health, LLC.
• Veridian Healthcare
• American Diagnostic Corporation
• Microlife
• Berrcom
• beurer
• Philips
• Geratherm
• Braun
• Other Key Players
Frequently Asked Questions:
1. Which region has the largest share in Digital Body Thermometer Market?
Ans: North America region holds the highest share in 2022.
2. What is the growth rate of Digital Body Thermometer Market?
Ans: The Digital Body Thermometer Market is growing at a CAGR of 8.23% during forecasting period 2023-2029.
3. What is scope of the Global Digital Body Thermometer market report?
Ans: Global Digital Body Thermometer market report helps with the PESTEL, PORTER, COVID-19 impact analysis, recommendations for investors and leaders, and market estimation of the forecast period.
4. Who are the key players in Digital Body Thermometer market?
Ans: The important key players in the Digital Body Thermometer Market are Exergen Corporation, Omron Healthcare, Inc., Terumo Corporation, Citizen Systems, 3M (Nexcare), Innovo Medical
5. What is the study period of this market?
Ans: The Digital Body Thermometer Market is studied from 2022 to 2029.