Global Thermometer Market Size By Product (Mercury Based Thermometers, Mercury Free Thermometers), By Application (Industrial, Laboratory, Food, Medical), By Geographic Scope And Forecast

Thermometer Market Size And Forecast

Thermometer Market size was valued at USD 1.45 Billion in 2021 and is projected to reach USD 3.4 Billion by 2030, growing at a CAGR of 9.9% from 2023 to 2030.

Increasing health awareness and patient awareness are among the major factors contributing to the growth of the market. With the growing demand for self-care, companies like Nexcare and Terumo Corporation have introduced portable products that are user-friendly and easy for any patient to adopt. The Global Thermometer Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Thermometer Market Definition

A thermometer is made up of two fundamental componentsa sensor that can adjust to temperature changes and a mechanism that can translate those changes into a numerical value. Numerous disciplines, including meteorology, medicine, and science, use thermometers extensively. Thermometers use a range of physical processes to measure temperature. Thermometers are used in a wide variety of industrial applications, particularly measuring systems. Road thermometers are used in cold locations to assess and detect when ice conditions exist. The temperature inside appliances including water heaters, air conditioners, freezers, and heaters is controlled by thermocouples.

Global Thermometer Market Overview

It's no surprise the market's growing! People are paying more attention to their health and becoming savvier patients. Self-care is booming, and companies like Nexcare and Terumo Corporation are stepping up with easy-to-use portable products that anyone can handle. Plus, you've got healthcare pros relying more and more on thermometers to keep tabs on patients. Even industries like pharmaceutical, food, and chemical are getting in on it, because knowing and maintaining specific temperatures is crucial when you're developing products. All this is set to really get things moving for the market in the coming years.

Moreover, A barrier to the growth of the global Thermometer Market is the thermometer’s inaccurate results.In addition, rapid technological advancements have led to the launch of innovative products that are expected to accelerate market growth during the forecast period. Advances include Exergen Corporation’s TAT-2000C temporary thermometer, which can be used to measure body temperature by filming a child’s forehead. In addition, American Diagnostics Corporation has launched the Adtemp 429 thermometer, which measures temperature without contact with the skin, minimizing the risk of cross-contamination.

Thus, increasing demand for easy-to-use, sensitive, and fast thermometers is expected to drive the market. In addition, thermometers are required in the food industry to check temperatures to prevent contamination and spoilage of food and beverages. Companies like TEL-TRU provide a variety of NSF-certified poultry/meat thermometers, food testing, and grill thermometers. Thus, these thermometers help in maintaining the quality of temperature-sensitive foods, thereby supporting the growth of the market.

Global Thermometer Market Segmentation Analysis

The Global Thermometer Market is Segmented on the basis of Product, Application, and Geography.

Thermometer Market, By Product

• Mercury Based Thermometers
• Mercury Free Thermometers

When we look at thermometers, we can divide them into two main typesmercury-based and mercury-free. It's clear that the mercury-free options have really taken off, becoming the biggest category thanks to huge interest from people everywhere. They're just easier to use than the other choices out there. And then the pandemic hit, and suddenly mercury-free thermometers were even more in demand, since everyone was worried about germs spreading. Governments even got behind using them to protect healthcare workers, which really helped that market boom and make a lot of money.

Thermometer Market, By Application

• Industrial
• Laboratory
• Food
• Medical
• Others

Now, when we look at how thermometers are used, we see the market breaks down into segments like Industrial, Laboratory, Food, Medical, and, well, Others. Turns out, the medical field is the biggest spender! All those daily check-ups mean a lot of thermometers are needed. Plus, modern healthcare wants accurate results, which means using top-notch thermometers. And speaking of modern, all the tech advancements in healthcare are really driving the demand for smarter thermometers. Even the industrial sector is seeing a boom, especially with everyone snapping up those speedy infrared thermometers.

Thermometer Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

When we look at it geographically, the Global Thermometer Market can be divided into North America, Europe, Asia Pacific, and the Rest of the World. Back in 2021, North America was really leading the pack, grabbing a 34.4% share of the sales! Why? Well, higher healthcare costs and a growing older population are big reasons. And get this, with healthcare camps and awesome initiatives from organizations like the WHO and NIH spreading the word about infectious diseases and encouraging us to stay healthy, the market should get an even bigger boost! Think about itchecking your temperature is, like, the thing to do to spot coronavirus infections while we wait for a vaccine. As things start opening up in many countries, including the United States, more and more people are buying thermometers over-the-counter. Plus, North America's already strong healthcare system and the rising demand for those easy-to-use disposable thermometers? That's expected to really push the market forward.

Key Players

The “Global Thermometer Market” study report will offer useful information with a focus on the global market. The major players in the market are RG Medical Diagnostics, Fairhaven Health, Terumo Corporation, Welch Allyn Inc., American Diagnostic Corporation, Actherm, Inc., Briggs Healthcare, Exergen Corporation, Microlife Corporation, Medline Industries, Inc., and OMRON Health Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In March 2020 In order to assess a person’s forehead temperature, Delta Trak produced a non-contact infrared thermometer. This invention proved to be a significant advance during the pandemic and was endorsed by the CE and FDA.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Thermometer Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Thermometer Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Reasons to Purchase this Report

We'll take a deep dive into the market, looking at it from every angle – not just the money side, but also things like trends and consumer behavior.

• We'll give you hard numbers – market value in USD Billion – for every little piece of the market.
• You'll learn where the action iswhich region and segment are poised to explode with growth and which ones are already on top.
• We'll break down each region, showing you exactly where the product/service is being used and what's driving the market in each place.
• Think of it as a who's-whowe'll map out the competitive landscape, ranking the big players and highlighting their latest moves – new offerings, alliances, expansions, and takeovers – over the past five years.
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