September 09, 2020
According to the research report titled ‘Europe Disposable Thermometer Market Size by Product, Target Area, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, Europe disposable thermometer market is anticipated cross USD 92 million by the year 2026.
Rising prevalence of infectious diseases such as malaria and flu, increasing occurrence of sedentary lifestyle disorders, introduction of affordable and innovative devices, and rising life expectancy are augmenting the growth of Europe disposable thermometer market during 2020-2026.
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Furthermore, mounting number of COVID-19 cases, growing adolescent population, and technological advancements in the healthcare vertical are stimulating the overall market outlook. On the contrary, errors pertaining to measurement of the devices may impede the expansion of Europe disposable thermometer market through 2026.
Based on product landscape, the strip thermometer segment accounted for a significant revenue share in the year 2019 and is projected to register a CAGR of 7.8% during 2020-2026. Factors such as high affordability, minimal power requirements, and increasing adoption of the product amidst the COVID-19 pandemic due its convenience for patients are fueling the growth of the segment.
In terms of target area, the rectal disposable thermometer segment was worth around USD 6.2 million in 2019 and is expected to record significant growth over the forecast period. Precise temperature measurements along with widespread adoption of rectal disposable thermometers in pediatrics by medical professionals is fueling the segmental share.
With regards to application, the report claims that diagnostic centers segment is estimated to exhibit a 6.7% CAGR during 2020-2026.Increasing prevalence of infectious diseases, growing adolescent population, and surging demand for the product as a result of the outbreak of the COVID-19 pandemic are augmenting the adoption of disposable thermometers in diagnostic centers in Europe.
Based on the country-level analysis, Germany disposable thermometer market is projected to record a CAGR of 5.3% through 2026, owing to rising demand of disposable thermometers owing to the escalating number of COVID-19 cases in the country.
The major companies operating in Europe disposable thermometer market include Advanced Meditech International Inc., LCR Hallcrest, LLC, GH Zeal LTD, Medline Industries, Inc., Protontek, 3M Company, Medical Indicators Inc., First Aid Only Inc., and GF Health Products, Inc. among others.