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Disposable Thermometer Market 2020 By Regional Trend & Growth Forecast To 2026

Author : Ronak Bora | Published Date : 2020-09-03 

Disposable Thermometer Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The rapid growth pace of global disposable thermometer market is rather evident from Tempagenix’s (a Dayton startup company) prolifically rising business share in the disposable thermometers market. According to the reliable sources, the company has recorded a remuneration of USD 3 million as of April 2, 2020, given the massive demand for disposable thermometers amidst the expanding coronavirus scare. It is pivotal to mention that the company’s Temp-n-toss has acquired the coveted FDA stamp for use across various healthcare settings.

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Not only this, the profitable growth curve of this market can also be attributed to the rising prevalence of infectious diseases, flu, and other chronic illnesses. Additionally, the demand spurt of disposable thermometers is accounted to rising burden of sedentary lifestyle disorders and introduction of cost effective and innovative thermometers.

Massively driven by the burgeoning incidences of COVID-19 and their use for detection of symptoms pertaining to the flu, the global disposable thermometer market is predicted to exceed a valuation of USD 312 million by 2026, while increasing at a CAGR of 6.6 per cent through 2026. According to the statistics rolled out by Worldometer, over more than 10 lakh patients, constituting nearly 95 per cent of the overall population, are currently suffering from mild symptoms of COVID-19 like cold, cough, and fever. However, the feasibility of substitutes and measurement error linked with these types of thermometers might subside the elevating graph of disposable thermometer market size.

Fever is one of the major symptoms of the novel coronavirus, which has engulfed the whole world. This has led to growing demand for disposable thermometers to contain the spread of this contagious infection.

According to the Worldometers data, around 95% (10,00,596) patients are suffering from mild symptoms of coronavirus such as cold, cough and fever. Growing geriatric and adolescent population base prone to such disease along with technological advancements for better treatment will favor disposable thermometer business. However, measurement error associated with disposable thermometers and availability of substitutes may hamper industry growth.

Strip thermometers are experiencing high demand for homecare and clinical use. The product consists of heat sensitive liquid crystals within a plastic strip that change color to indicate different readings. This unique property makes it easy to use for homecare and clinical applications.

Ease of usage and availability are the key factors that may fuel the demand for strip thermometers. In 2019, strip thermometers segment accounted for moderate revenue in and is estimated to grow at nearly 7.9% rate through 2026.

APAC disposable thermometer market is estimated to witness lucrative growth in the future on account of large patient pool across the region. Healthcare facilities across the region are enhancing their medical infrastructure and diagnosis technologies.

Disposable thermometers are experiencing high demand from the region due to huge amount of population suffering from various infectious and chronic diseases. Moreover, presence of several small regional players in China and India may stimulate Asia Pacific disposable thermometer industry expansion. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/disposable-thermometer-market

Partial Chapter of the Table of Content 

Chapter 4.    Global Disposable Thermometer Market, By Type

4.1. Key segment trends

4.2. Digital thermometers

4.2.1.    Market size, by region, 2015-2026 (USD Million)

4.2.2.    Market size, by region, 2015 – 2026 (Million Units)

4.3. Mercury thermometers

4.3.1.    Market size, by region, 2015-2026 (USD Million)

4.3.2.    Market size, by region, 2015 – 2026 (Million Units)

4.4. Strip thermometers

4.4.1.    Market size, by region, 2015-2026 (USD Million)

4.4.2.    Market size, by region, 2015 – 2026 (Million Units)

Chapter 5.    Global Disposable Thermometers Market, By Target Area

5.1. Key segment trends

5.2. Oral

5.2.1.    Market size, by region, 2015-2026 (USD Million)

5.3. Axilla

5.3.1.    Market size, by region, 2015-2026 (USD Million)

5.4. Rectal

5.4.1.    Market size, by region, 2015-2026 (USD Million)

5.5. Others

5.5.1.    Market size, by region, 2015-2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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