September 10, 2020
According to the research report titled ‘North America Disposable Thermometer Market Growth By Target Area, Type, End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, North America disposable thermometer market is expected to cross USD 112 million by the year 2026.
Increased pervasiveness of infections such as dengue, malaria, and flu have impelled the adoption of disposable thermometers, which in turn is a prime factor driving the market growth in North America. In fact, the CDC (Centers of Disease Control & Prevention) states that over 35.5 million U.S. patients were diagnosed with flu in the year 2019.
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Technological advancements have allowed for development of cost efficient disposable thermometers, which in turn is further aiding the market expansion. These technological breakthroughs have also enabled in integrating 3D printing with thermochromic liquid crystals with advanced technologies such as 3D printing in order to develop high quality thermometers.
Furthermore, inclination towards adopting non-mercury disposable thermometers have enhanced the industry remuneration. However, easy availability of alternatives and technical limitations may act as a restraining factor to the growth of disposable thermometer market in North America.
In terms of target area, the report states that axilla segment was worth USD 8 million in the year 2019 and is expected to showcase similar growth in the upcoming period. High comfort offered while conducting axillary body temperature measurements is favoring the market outlook.
As per type, mercury thermometer market segment is predicted to expand with a CAGR of 5.2% through 2026. High occurrence of infectious diseases has enhanced the demand for accurate body temperature measurement devices, which in turn is fueling the segmental share.
Citing the end-user landscape, the report cites that homecare settings segment accounted for USD 6 million in the year 2019 and is reckoned to witness a strong CAGR through 2026. Growing elderly population, who are vulnerable to various diseases owing to weak immune system have compelled homecare service providers to develop innovative devices, thereby facilitating the business scenario in North America.
Regionally, Canada disposable thermometer industry is slated to record 6.5% CAGR between 2020 and 206. Rising prevalence of COVID-19 have augmented the adoption of disposable thermometers. Apart from this, favorable regulatory scenario pertaining to use of such thermometers amidst coronavirus pandemic, is swaying the business dynamics in Canada.
Advanced Meditech Internationals, Inc., Hopkins Medical Products, H-B Instruments Co., LCR Hallcrest LLC, Medline Industries Inc., Tempagenix, LLC, 3M Company, Medical Indicators Inc., First Aid Only Inc., and GF Health Products Inc. are the key participants in North America disposable thermometer market.