|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 10 Billion||USD 18 Billion||9.5%||2022|
Baby Thermometers Market
The global baby thermometers market size was evaluated at $10 billion in 2022 and is slated to hit $18 billion by the end of 2030 with a CAGR of nearly 9.5% between 2023 and 2030.
Baby thermometer is designed to accurately check the temperature of baby's body. A baby thermometer is a common instrument that parents keep in their first aid kit. These products are portable and easy to use for babies along with offering real-time outcomes and apt reading. Furthermore, baby thermometers are available in various kinds including ear canal, infrared, rectal, armpit oral, and pacifier thermometers. Rectal has the most perfect reading but is not comfortable for babies. Contrarily, ear canal thermometers as well as infrared thermometers are most accurate in determining temperature and can also be connected to mobiles as well as smartphones for perfectly analyzing the temperature.
Increase in infectious diseases to prompt the global market expansion over 2023-2030
Surge in contagious ailments has led to humungous demand for baby thermometers, thereby driving the global baby thermometers market expansion. Increase in the demand for smart baby thermometers in clinics as well as hospitals for real-time tracking of baby health will steer the growth of the global market. Growing concerns about the health of babies will translate into huge growth in the market across the globe. Launching of new products by key players will drive the expansion of the market across the globe. For instance, in the second half of 2021, Hicks, a key medical equipment manufacturer based in India, introduced Hicks DT-12 digital thermometer. The move is likely to embellish the growth graph of the market in the ensuing years. In January 2021, Fitgo, a key firm in manufacturing healthcare products, launched infrared thermometers embedded with the latest technology for obtaining apt temperature results for adults, old, and infant population. Such initiatives will contribute notably towards the global market proceeds.
Surge in the raw component prices to inhibit the global industry expansion by 2030
The rise in raw material costs and the use of alternate thermometers has constrained the expansion of the baby thermometer industry across the globe. Rise in the use of counterfeit products has further restricted the industry expansion in recent years.
New product launches will favorably leverage the global market surge over the forecast timeframe
Product innovations and the launching of smart thermometers transmitting data by using Wi-Fi and Bluetooth will open new growth opportunities for the global baby thermometers market. Industry 4.0 revolution will further drive the growth of the market across the globe.
Stringent government legislation can pose a huge challenge to the global industry expansion
Strict government laws governing the use of medical devices in developed countries can prove to be a huge challenge for the global baby thermometers industry over the forecasting timeline. Supply chain disruptions can prove to be a huge threat to the expansion of the industry in the coming years.
The global baby thermometers market is sectored into type, application, distribution channel, and region.
In type terms, the global baby thermometers market is segregated into rectal, oral, infrared, ear canal, pacifier, and armpit segments. Furthermore, the infrared segment, which accumulated nearly 49% of the global market revenue share in 2022, is predicted to record the fastest CAGR in the upcoming years. The growth of the segment in the forecasting years can be owing to a rise in the demand for infrared thermometers to measure the temperature of baby's body accurately by parent population across the globe.
Based on the application, the global baby thermometer industry is divided into households, hospitals, and others segments. Furthermore, the household segment, which garnered approximately two-fifths of the global industry revenue share in 2022, is slated to lead the application space in the forthcoming years. The growth of the segment in the forecasting timeline can be credited to a rise in product penetration in households
Based on the distribution channel, the global baby thermometers market is sectored into retail store, online store, supermarket, and pharma store segments.
|Report Attributes||Report Details|
|Report Name||Baby Thermometers Market|
|Market Size in 2022||USD 10 Billion|
|Market Forecast in 2030||USD 18 Billion|
|Growth Rate||CAGR of 9.5%|
|Number of Pages||214|
|Key Companies Covered||Procter & Gamble, Kinsa Inc., B.Well Swiss AG, Microlife Corp., Exergen Corp., Geratherm Medical AG, VAVA., and others.|
|Segments Covered||By Type, By Application, By Distribution Channel, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
North America is projected to maintain its global market leadership position over the projected timespan
North America, which accounted for 55% of the global baby thermometers market proceeds in 2022, will be a leading region over the projected timeframe. Moreover, the regional market growth can be credited to the rise in the product demand in various households in countries such as the U.S. and Canada. Rise in the disposable income and the presence of new players in the sub-continent will drive the regional market trends. Increase in product innovations will contribute majorly towards the regional market size over 2023-2030.
Asia-Pacific baby thermometers industry is set to register the highest CAGR in the next couple of years as a result of the availability of enhanced healthcare facilities in countries such as India, Japan, and China. In addition to this, a rise in the research activities in the region will contribute lucratively towards the industry proceeds in the region. Moreover, the increase in the number of local product manufacturers in emerging economies has reduced the rate of the product, thereby contributing lucratively towards the regional industry size in the region.
The global baby thermometers market profiles key players such as:
By Distribution Channel
Baby thermometer is designed to accurately check the temperature of baby's body. A baby thermometer is a common instrument that parents keep in their first aid kit.
The global baby thermometers market growth can be owing to a surge in contagious ailments, which has led to humungous demand for baby thermometers.
According to a study, the global baby thermometers industry size was $10 billion in 2022 and is projected to reach $18 billion by the end of 2030.
The global baby thermometers market is anticipated to record a CAGR of nearly 9.5% from 2023 to 2030.
The Asia-Pacific baby thermometers industry is set to register the highest CAGR over the forecasting timeline owing to the availability of enhanced healthcare facilities in countries such as India, Japan, and China. In addition to this, a rise in the research activities in the region will contribute lucratively towards the industry proceeds in the region. Moreover, the increase in the number of local product manufacturers in emerging economies has reduced the rate of the product, thereby contributing lucratively towards the regional industry size in the region.
The global baby thermometers market is led by players such as Procter & Gamble, Kinsa Inc., B. Well Swiss AG, Microlife Corp., Exergen Corp., Geratherm Medical AG, and VAVA.
The baby thermometers market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.