Europe Disposable Thermometer Market is predicted to experience an exponential growth over the forecast period (2020-2026)
Category: #headlines  By Shashie Pawar  Date: 2020-07-03
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Europe Disposable Thermometer Market is predicted to experience an exponential growth over the forecast period (2020-2026)

According to the Graphical Research new growth forecast report titled Europe Disposable Thermometer Market share is set to exceed USD 92 million by 2026. Increasing prevalence of infectious diseases will drive the growth of the market in the coming years. Infectious ailments such as flu, malaria and various other related illness have a considerable effect on market growth. For instance, in 2019, European Union witnessed a severe avian influenza flu outbreak. Growing burden of sedentary lifestyle disorders and high life expectancy will further spur the overall market growth. Also, the introduction of novel and cost-efficient device will boost the market demand, thereby augmenting the disposable thermometer market growth during the analysis period.

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Rising incidence of COVID-19 will further offer opportunities for disposable thermometer manufacturers, thereby aiding in market expansion in the European region. For instance, as of May 20, there were about 249,000 confirmed cases of COVID-19 infection in the UK. Additionally, increasing adolescence population coupled with technological advancements to treat the patients suffering from various disease will trigger the market growth. However, measurement errors may hinder the disposable thermometer market growth during study period in Europe.

Strip thermometer segment held substantial revenue share in 2019 and is estimated to witness around 7.8% CAGR over the analysis timeframe. Adoption of strip thermometers in Europe have increased during COVID-19 outbreak, as they do not cause a cross contamination or reinfection. High growth rate is due to its low cost, no usage of power source as well as patient convenience. Such factors will increase the demand and foster the segmental growth.

Rectal segment was valued over USD 6.2 million in 2019. The segmental growth is due to the accuracy and reliable measurement the rectal area provides. Also, rectal area reflects the core body temperature and is considered as the gold standard as it exhibits the exact temperature value. Hence, medical professionals highly prefer rectum to measure the body temperature for children. Such factors will contribute significant uptake of disposable thermometers in the European region.

Diagnostic centers segment is expected to show lucrative growth of 6.7% CAGR during the forecast timeframe. High growth rate is due to increasing adolescence population base coupled with rising incidence of infectious disease in this region. Rising utilization of disposable thermometers to meet the increasing demand in these centers during the COVID-19 outbreak will further contribute to the segmental growth.

Germany disposable thermometers market is estimated to witness around 5.3% CAGR due to increase in number of COVID-19 cases, as fever is the primary characteristic symptom. For instance, according to the WHO, 178,000 positive cases have been identified so far in Germany. Initial diagnosis and preliminary care can increase the chances of survival, thereby supplementing the demand for disposable thermometers in Germany.

Major market players in market are 3M Company, Medline Industries and Medical Indicators among others. These market players are undertaking strategies such as acquisitions and collaborations and product improvisations to increase the revenue and sustain the customer base in various geographical locations.

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1368/europe-disposable-thermometer-market

Europe Disposable Thermometers Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million and volume in million units from 2015 to 2026, for the following segments:

Market Share, By Product, 2015-2026 (USD Million & Million Units)

  • Digital thermometers
  • Mercury thermometer
  • Strip thermometer

Market Size, By Target Area, 2015 – 2026 (USD Million)

  • Oral
  • Axilla
  • Rectal
  • Others

Market Trends, By End-use, 2015-2026 (USD Million)

  • Hospitals
  • Homecare settings
  • Diagnostic centers
  • Others

Related Reports:

Asia Pacific Digital Health Market: https://www.marketwatch.com/press-release/asia-pacific-digital-health-market-to-witness-elevated-growth-at-342-cagr-during-the-assessment-period-2019-2025-2020-06-30

Europe In-vitro Diagnostics Market: https://www.marketwatch.com/press-release/europe-in-vitro-diagnostics-market-growth-to-outpace-at-57-cagr-by-2024-2020-07-01

Asia Pacific Self-Monitoring Blood Glucose Devices Market: https://www.marketwatch.com/press-release/asia-pacific-self-monitoring-blood-glucose-devices-market-to-steer-at-61-cagr-to-2024-2020-07-02

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Us:

Parikhit B. 
Corporate sales, 
Graphical Research 
Email: [email protected] 
Web: https://www.graphicalresearch.com

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About Author

Shashie Pawar

Shashie Pawar    

Shashie Pawar is a tech blogger and a digital marketing pro since 3 years and writes for Ground alerts. A Electronics & communication Engineering graduate by education, Shashie offers his analysis on the tech market research landscape. His strong suit is analyzing the...

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