Thermometer Market Analysis Report By Product, By Application, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global thermometer market was prized by USD 1.19 billion in 2020. It is estimated to witness 8.5% CAGR from 2021 to 2028.

Drivers

The growth in the occurrence of transmittable illnesses along with the additional medicinal circumstances, for example dengue, and malaria, over and above the increasing alertness regarding the significance of body temperature checking are the most important features, anticipated to force the market.

Besides, growing use of these apparatuses in the monitoring of temperature for imaging, industrial, laboratory, and medical, reasons are adding to the enlargement of the market for thermometer.

The raise in numerous medicinal circumstances, for example swine flu, malaria, and dengue, linking interpretation of precise body temperature to decide the line of action, is a most important reason, accountable for the expansion of the market.

The consequent increase in the target populace, low down intensity of cleanliness and the existence of unmet medicinal requirements are the factors, anticipated to increase the requirement for thermometers.

Increasing alertness of the patients, growing fitness awareness is between the most important factors, adding to the development of the thermometer market. The rising dependence of medicinal practitioners on the use of thermometers, intended for the examination of physical condition of the patients, is likely to increase the escalation of the market.

Understanding between additional end-users for example chemical, pharmaceutical, and food manufacturing is, moreover, increasing. Preservation of precise temperatures in diverse phases of product improvement is an important necessity in these industries. These things are projected to increase the escalation of the market, during the forecast period.

Effect of Covid-19

The eruption of Covid-19 pandemic has augmented demand for the thermometers. The pandemic has optimistically affected the health check industry. This is expected to power the market, for the period of forecast. The necessity for thermal test on hospitals, community spaces, and offices, has increased the requirement for infrared thermometers.

Product Insight

Based on the product the market is classified into mercury-free thermometers and mercury-based thermometers.

The mercury-free thermometers section held 62.52% share and led the thermometer market, in 2020. It is anticipated to observe the highest enlargement during the forecast period because of the ease of use and greater acceptance. The section is more segmented into infrared radiation, digital plus others.

The acceptance of mercury-free thermometers, for example digital, and IR radiation type, is expected to augment because they offer additionally precise readings, in addition to be not linked with the ecological risks of mercury.

Mercury-based thermometers, for example liquid-in-glass type, are user-friendly. These are utilized in laboratories. But, as a result of the toxic belongings of mercury, many states have barred the exercise of mercury-based type, particularly for the health check purpose, since 2001.

Additional strict rules are likely to be applied on the operation of these devices, during the forecast period. It will restrict the exercise of mercury-based type, in a variety of domains.

Application Insight

On the basis of application, the market is classified into laboratory, medical, food, industrial, plus others. The medical section held 28.53% share and led the thermometer market, in 2020. The section consists of basic healthcare centers, hospitals, and clinics. This can be credited to the greater occurrences of sicknesses, needing the measurement of body temperature and the existence of deep-rooted healthcare infrastructure. The technological progression in thermometers is one of the most important causes for the expansion of this section.

The industrial application division is likely to observe productive augmentation, during the forecast period, because the biotechnology, pharmaceuticals, and chemical companies necessitate preservation of precise temperature, throughout a variety of phases of product improvement. Industrial thermometers are chosen on the basis of their working environment, features, configurations, type, functions, display options, and size. These factors are expected to increase the expansion of the division, throughout the forecast period.

Regional Insight

In 2020, North America held 34.45% share and led the global thermometer market. The elevated spending on healthcare plus the increasing elderly populace are a few input factors, adding to the enlargement of the market.

The programs carried out by the government institutes, like the NIH and the WHO, and the healthcare camps, designed for increasing alertness regarding transmittable sicknesses as well as assisting to keep superior fitness condition, are expected to additionally increase the development of the market.

The monitoring of body temperature is the latest rule for screening of corona virus, until everybody gets vaccinated. Since, together with the U.S., the society spread started in the majority of nations in the world, the over the counter retailing of these temperature meters, within the consumer market, is increasing. In North America, deep-rooted healthcare infrastructure and growing demand for not reusable thermometers are likely to push the market.

Asia Pacific is projected to increase by the maximum 8.9% CAGR, during the forecast period. The rising occurrence of target sicknesses, such as swine flu, malaria, and dengue, increasing alertness of the patients regarding these sicknesses, in addition to the existence of greater unmet medicinal requirements within the state are a few important factors, adding to its productive augmentation.

Consistent with the World Malaria Statement 2018, approximately 94.0% Indian populace is at threat of obtaining malaria. The financial development in a variety of Asia Pacific nations, particularly in China and Japan, is projected to boost the expansion of the market. Rising demand for the healthcare organizations and self-health care products, meant for aged population is, furthermore, anticipated to impel the market during the forecast period.

Companies

To fulfill the increasing necessities of the clients, the manufacturing companies are implementing important tactical programs, like mergers & acquisitions and fresh product development.

The presentation of inventive as well as gainful option is the most important policy adopted by the key players to acquire highest share along with continue in the aggressive market. Together with several acquirements and to deliver the product in untouched markets, the companies are growing geographically also.

Some of the companies for thermometer market are:

• OMRON Healthcare Inc.
• Actherm Inc.
• Medtronic
• Microlife Corporation
• A&D Medical
• Welch Allyn
• Medline Industries, Inc.
• Fairhaven Health
• Briggs Healthcare
• Terumo Corporation
• RG Medical Diagnostics
• Exergen Corporation
• American Diagnostics Corporation
• 3M

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Million Insights has segmented the global thermometer market report on the basis of product, application, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2028)
    • Mercury-based Thermometers
    • Mercury-free Thermometers
        • Digital Thermometers
        • Infrared Radiation Thermometers
        • Others

• Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Medical
    • Industrial
    • Food
    • Laboratory
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • Japan
        • China
        • India
    • Latin America
        • Brazil
        • Mexico
    • Middle East and Africa (MEA)
        • South Africa