Thermometer Market - By Product Type (Mercury-based, Mercury-free), Point of Measurement (Ear, Forehead, Oral), Interface (Contact, Contact free), Application (Medical, Industrial, Laboratory), End-Use (Hospitals and Clinics) & Global Forecast, 2024 – 2032

Thermometer Market - By Product Type (Mercury-based, Mercury-free), Point of Measurement (Ear, Forehead, Oral), Interface (Contact, Contact free), Application (Medical, Industrial, Laboratory), End-Use (Hospitals and Clinics) & Global Forecast, 2024 – 2032

Thermometer Market Size

Thermometer Market size was valued at around USD 1.8 billion in 2023 and is expected to grow at a CAGR of 6.1% between 2024 and 2032. Increasing prevalence of infectious diseases coupled with rising awareness levels and better hygiene practices are anticipated to be among the key factors propelling the market growth.

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The rising incidences of infectious diseases such as malaria, dengue, typhoid, and swine flu are attributed as significant growth drivers contributing to the surging demand for thermometers. This trend is influenced by various factors, including changes in demographics, lifestyle behaviors, environmental conditions, genetic predispositions, and advancements in diagnostic techniques that lead to better detection and reporting of cases. These diseases often cause high fever, necessitating accurate temperature monitoring for better treatment planning.

For instance, according to the World Health Organization (WHO), between January and December 2023, there were a total of 4.1 million suspected cases of dengue recorded, with 6,710 severe cases and 2,049 deaths reported in the Americas. This surge in the prevalence of such conditions has led to an increased incidence of fever-related disorders, consequently contributing to the growing demand for thermometers worldwide.

A thermometer is a vital instrument employed to gauge temperature, commonly comprised of a slender, sealed glass tube housing a liquid, such as mercury or alcohol, or a temperature-sensitive sensor. Widely utilized across multiple domains, including medicine, scientific research, industrial operations, and daily routines, thermometers play a crucial role in temperature monitoring and regulation. They serve diverse purposes such as health surveillance, ensuring food safety, environmental monitoring, and facilitating industrial processes.
 

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Thermometer Market Trends

Rapid advancements in thermometer technologies are propelling the demand for thermometers globally. Advancements in temperature monitoring devices, including infrared thermometers with features such as internet access and data logging functions, are further boosting the product demand by enhancing accuracy and ease of use.

• Smart thermometers are equipped with connectivity features such as Bluetooth or Wi-Fi, allowing users to monitor temperature readings remotely via smartphone apps or other devices. They often come with additional features such as data logging, temperature trend tracking, and alerts for fever or temperature fluctuations.
• Additionally, digital thermometers have become increasingly popular due to their ease of use and accuracy. They provide quick and precise temperature readings displayed digitally, eliminating the need for manual interpretation of mercury or alcohol levels.
• Moreover, the design and development of flexible thermometers are done through bendable probes or sensors, making them more comfortable and versatile for use in various body locations, especially for infants and young children. They offer accurate temperature readings while minimizing discomfort during measurement.

Thermometer Market Analysis

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Based on product type, the market is segmented into mercury-based thermometers, and mercury-free thermometers. The mercury-free thermometers segment held leading revenue share in 2023 and is anticipated to reach over USD 2.5 billion by 2032.

• As awareness regarding environmental concerns and health issues are increasing, consumers are actively seeking out products that are safer and more environmentally friendly. The demand for mercury-free thermometers is driven by consumers who prioritize sustainability and health-conscious choices.  
• Moreover, technological advancements have led to the development of alternative thermometer technologies, such as digital thermometers, infrared thermometers, and thermistor-based thermometers, that offer accurate and reliable temperature measurements without the use of mercury. These alternatives are often preferred for their convenience, accuracy, and ease of use.

Based on point of measurement, the thermometer market is segmented into ear, forehead, oral, and other point of measurement. The forehead segment held leading revenue share and was valued at USD 675.6 million in 2023.

• The advanced temperature sensor technology and temperature measurement algorithms have improved the accuracy and reliability of forehead thermometers. Many models are clinically validated and provide accurate temperature readings comparable to traditional methods, instilling confidence in their use for medical and diagnostic purposes. 
• Furthermore, forehead thermometers boast user-friendly operation, requiring minimal training, thus rendering them suitable for utilization by healthcare professionals, caregivers, and individuals in domestic settings. Their functionality enables swift and effective temperature monitoring, potentially driving an upsurge in demand.

Based on interface, the thermometer market is segmented into contact and contact free. The contact free segment held leading revenue share of over 58% in 2023.

• Contact-free thermometers offer a gentle and non-intrusive means of measuring temperature, particularly beneficial for children, the elderly, and individuals with sensitive skin or medical concerns. This approach often enhances patient comfort and adherence to temperature monitoring procedures.
• Furthermore, contact-free thermometers deliver swift temperature readings in mere seconds, making them well-suited for dynamic healthcare settings, emergency contexts, and large-scale screening venues like airports, schools, and workplaces. This efficiency is likely to drive a surge in demand for these devices.

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Based on applications, the thermometer market is segmented into medical, industrial, food, laboratory, and other applications. The medical segment held leading revenue share in 2023 and is anticipated to reach USD 945.1 million by 2032.

• Temperature measurement devices are one of the fundamental vital signs monitoring devices that are routinely used in clinical settings, to measure blood pressure, heart rate, and respiratory rate. Hence, high utilization of these devices for medical applications are projected to spur the industry growth.   
• Moreover, thermometers play a crucial role in diagnostic screening, especially during infectious disease outbreaks or pandemics which may further contributes to its increasing demand within medical domain.

The thermometer market by end-use is categorized into hospitals and clinics, home care settings and others. The hospitals and clinics segment dominates the market with the revenue of around USD 995.4 million in 2023.

• Hospitals and clinics accommodate a significant volume of patients on a daily basis, many of whom may present with fever symptoms, necessitating the precise measurement of body temperature. This continuous stream of patients, each with varying medical conditions, underscores the indispensable role of thermometers within healthcare settings. Serving as essential diagnostic tools, thermometers aid healthcare professionals in assessing patients' health status and formulating appropriate treatment plans.
• Furthermore, healthcare facilities are bound by stringent regulatory standards and guidelines governing patient care and safety. Accurate temperature monitoring is often mandated by regulatory bodies, compelling hospitals to increasingly rely on thermometers to fulfill compliance requirements. Consequently, this regulatory landscape further propels the demand for these vital diagnostic instruments.

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North America thermometer market accounted for USD 681.9 million revenue in 2023 and is anticipated to record substantial market growth during forecast period.

• The trend toward self-healthcare devices is gaining momentum in North America, offering individuals the convenience of monitoring their health from the comfort of their homes without the need for frequent visits to healthcare facilities. This increased accessibility facilitates timely health monitoring and early detection of potential health issues, fostering proactive health management and driving the demand for thermometers in the region.
• Moreover, stringent regulatory standards in North America necessitate the widespread use of thermometers across various industries to ensure compliance with health, safety, and environmental regulations. For instance, food safety regulations require meticulous temperature monitoring to mitigate the risk of foodborne illnesses, while occupational safety guidelines mandate temperature surveillance in workplaces to prevent heat-related injuries.

Thermometer Market Share

The thermometer industry features several key players competing in both traditional and innovative segments. Key players operating in the industry are focusing on offering advanced non-contact thermometers, catering to industrial and commercial sectors. Additionally, numerous small manufacturers contribute to the market, particularly in the production of digital thermometers for consumer use.

Thermometer Market Companies

Some of the eminent market participants operating in the thermometer industry include

• 3M Company
• A&D Company, Limited
• American Diagnostics Corporation
• Baxter International
• Briggs Healthcare
• DONGGUAN ACTHERM MEDICAL CORP
• Exergen Corporation
• Fairhaven Health
• Medline Industries, LP
• Medtronic, Inc
• Microlife Corporation
• Omron Healthcare, Inc.
• RG Medical Diagnostics (RGMD)
• Terumo Corporation

Thermometer Industry News

• In May 2022, Exergen Corporation launch TAT-2000 Temporal Artery Thermometer, a mercury-free thermometer that uses infrared technology to provide accurate and non-invasive temperature measurements. This launch helped the company in expanding its thermometer portfolio and improve its customer base.
• In November 2023, Terumo Corporation, a leading Japanese manufacturer of thermometers, announced the establishment of Terumo South Africa (Pty) Ltd. marking its latest subsidiary in South Africa. This strategic initiative signifies a notable milestone in the company's ongoing dedication to extending its global reach and fortifying its position in pivotal emerging markets.  

Thermometer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments

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Market, Product Type

• Mercury-based thermometers
• Mercury-free thermometers
• Infrared thermometers
• Digital thermometer
• Other mercury-free thermometers

Market, By Point of Measurement

• Ear
• Forehead
• Oral
• Other point of measurements

Market, By Interface

• Contact
• Contact free

Market, By Application

• Medical
• Industrial
• Food
• Laboratory
• Other applications

Market, By End-use

• Hospitals and clinics
• Home care settings
• Other end-users

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa