Home Press Releases Thermometer Market Size worth $2.24 Billion By 2028 | CAGR: 7.0%

Thermometer Market Size worth $2.24 Billion By 2028 | CAGR: 7.0%

The global thermometer market size is expected to reach USD 2.24 billion by 2028 according to a new study by Polaris Market Research. The report “Thermometer Market Share, Size, Trends, Industry Analysis Report, By Product (Mercury-based Thermometers, Mercury-free Thermometers); By Application (Medical, Industrial, Food, Laboratory, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A thermometer is a device that measures the temperature of a person, a system, or a substance. Temperature measurement is critical for a variety of tasks, including manufacturing, medical care, and scientific research. The market’s growth is influenced by an increase in demand for precise medical devices and the need for particular temperature conditions.

Besides this, the coronavirus outbreak has had a positive effect on the medical industry, as demand for thermometers has increased. During the forecast era, this is likely to drive the demand. The demand for infrared products has risen as a result of the increased use of thermal screening in public areas, workplaces, and hospitals.

Furthermore, a ban on conventional mercury-in-glass products in 13 U.S. states is boosting non-contact thermometer sales. The government also enacted legislation prohibiting the selling and manufacturing of mercury-based products.

This is to eliminate the possibility of glass thermometer breakage at home, which would result in the release of mercury vapor, which is harmful to the environment. As a result, mercury thermometers have been replaced with electronic thermometers, and infrared thermometer sales have increased.

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The growing cases of medical ailments requiring accurate measurement of body temperature for treatment planning, as well as the requirement of particular temperature conditions in various industries, are expected to boost product demand during the forecast period. In the coming decade, demand growth is expected to be fueled by a rise in health consciousness, as well as an increase in healthcare spending.

The rising prevalence of fever-causing target diseases such as malaria, dengue fever, typhoid fever, and swine flu is expected to be a major market driver. Malaria is one of the lethal diseases and a leading cause of death worldwide. According to the World Malaria Report 2019, there were an estimated 229 million malaria cases worldwide, in 2019.

Market participants such as Medline Industries, Inc., OMRON Healthcare Inc., 3M, Exergen Corporation, American Diagnostics Corporation, Welch Allyn, A&D Medical, RG Medical Diagnostics, Microlife Corporation, Medtronic, Actherm Inc., Terumo Corporation, Briggs Healthcare, and Fairhaven Health are some of the key players operating in the market.

In addition, rapid technological advances in temperature control systems are growing people’s acceptance of these devices. Fitgo, for example, unveiled its new technology collection of infrared thermometers, in January 2021. The product come in six different models, each with advanced and sophisticated features. The ranges of thermometers are AET R1D1 Infrared, X5 Infrared, LZ600 Infrared, and AET R701 Infrared.

Polaris Market Research has segmented the thermometer market report on the basis of product, application, and region:

 

Thermometer, Product Outlook (Revenue – USD Billion, 2016 – 2028)

  • Mercury-based
  • Mercury-free
    • Digital
    • Infrared Radiation
    • Others

Thermometer, Application Outlook (Revenue – USD Billion, 2016 – 2028)

  • Medical
  • Industrial
  • Food
  • Laboratory
  • Others

Thermometer, Regional Outlook (Revenue – USD Billion, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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