The global thermometer market size was valued at USD 1.16 billion in 2020 and is projected to reach USD 2.31 billion by 2028, expanding at a CAGR of 8.3% during the forecast period, 2021-2028. The growth of the market is attributed to the growing awareness about the importance of body temperature monitoring.
A thermometer is an instrument for measuring temperature or temperature gradient. The discovery of the thermometer is mostly credited to the Italian physicist-mathematician Galileo Galilei in 1952. The instrument consists of two important elements, first is a temperature sensor in which some changes occur with change in temperature, such as bulb of mercury in glass thermometer and second is any means of transforming this temperature variation into numerical value. Typical thermometer is a thin, hermetically closed glass tube marked with graduations and one bulb containing alcohol or mercury at the end, which lengthens along the tube as it increases. Thermometer is used in wide range of activities, including medical practice, manufacturing, and scientific research.
The COVID-19 pandemic outbreak had positive impact on the market. During the pandemic, change in body temperature was considered as a first symptom of virus infection, which was checked and monitored by thermometer. Additionally, the instrument is adopted by corporate offices, public places, hospitals, educational institutes, and government for the temperature screening of visitors to avoid further spread of the virus.
Market Trends, Drivers, Restraints, and Opportunities
- Surging technological advancement in thermometers is projected to boost the market expansion during the forecast period.
- Increasing prevalence of infectious diseases, such as influenza virus and other medical conditions is one of the key factors driving the market growth.
- Growing applications of such devices in temperature monitoring for laboratory, industrial, imaging purposes, and medical is projected to boost the market during the forecast period.
- Rising risk of mercury infection if the bulb breaks acts as a major challenge that can restrict the market growth in the coming years.
- Escalating demand for rapid temperature detection, easy-to-use, and sensitive thermometers form end-users, such as food industry and manufacturing plants is anticipated to create significant growth opportunities for the market.
Scope of the Report
The report on the global thermometer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Thermometer Market - Global Industry Analysis, Growth, Share, Size, Trends, And Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Products (Infrared Radiation Thermometers, Mercury-based Thermometers, Digital Thermometers, Mercury-free Thermometers, and Others) and Applications (Food, Medical, Laboratory, Industrial, and Others) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | A&D Co., Ltd.; Actherm Medical Corp.; Exergen Corp.; Microlife Corp.; Medtronic plc; Fairhaven Health, LLC; Welch Allyn, Inc.; Medline Industries, LP.; American Diagnostic Corp.; Briggs Healthcare, Inc.; 3M; OMRON Health Inc.; RG Medical Diagnostics Inc.; and Terumo Corp. |
Market Segment Insights
User friendliness drives the mercury-free thermometers segment
Based on products, the global thermometer market is divided into infrared radiation thermometers, mercury-based thermometers, digital thermometers, mercury-free thermometers, and others. The mercury-free thermometers segment is anticipated to expand at robust growth rate during the forecast period attributed to the high adoption of these thermometers as they are user friendly and mercury-based thermometers are banned in various regions as it is toxic in nature. However, the digital thermometers segment is projected to expand a considerable CAGR during the forecast period owing to this thermometers gives accurate and fast results. Additionally, the segment growth is further accelerated as digital thermometers are cost effective, do not require any special maintenance, and display is easy to read.
Medical segment to grow at rapid pace
On the basis of applications, the market is segmented into food, medical, laboratory, industrial, and others. The medical segmented is expected to grow at a rapid pace during the forecast period owing to the increasing incidence of diseases, which requires body temperature assessment coupled with the presence of well-established healthcare infrastructure. Furthermore, technological advancements in thermometers is driving the segment growth further. On the other hand, the industrial segment is expected to expand at a substantial growth rate in the coming years attributed to the growing need of industrial thermometers for maintain specific temperature at various stages of product development.
North America to constitute a key market share
In terms of region, the global thermometer market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the high healthcare expenditure, growing geriatric population, well established healthcare industry, and increasing government initiatives and campaigns for spreading awareness about infectious diseases in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the surging prevalence of target diseases, such as dengue, malaria, and swine flu, increasing demand for self-healthcare products, and growing patient awareness in the region.
Segments
Segments Covered in the Report
The global thermometer market has been segmented on the basis of
Products
- Infrared Radiation Thermometers
- Mercury-based Thermometers
- Digital Thermometers
- Mercury-free Thermometers
- Others
Applications
- Food
- Medical
- Laboratory
- Industrial
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- A&D Co., Ltd.
- Actherm Medical Corp.
- Exergen Corp.
- Microlife Corp.
- Medtronic plc
- Fairhaven Health, LLC
- Welch Allyn, Inc.
- Medline Industries, LP.
- American Diagnostic Corp.
- Briggs Healthcare, Inc.
- 3M
- OMRON Health Inc.
- RG Medical Diagnostics Inc.
- Terumo Corp.
Competitive Landscape
Key players competing in the global thermometer market are A&D Co., Ltd.; Actherm Medical Corp.; Exergen Corp.; Microlife Corp.; Medtronic plc; Fairhaven Health, LLC; Welch Allyn, Inc.; Medline Industries, LP.; American Diagnostic Corp.; Briggs Healthcare, Inc.; 3M; OMRON Health Inc.; RG Medical Diagnostics Inc.; and Terumo Corp. Companies are focusing on providing technologically advanced thermometer system for healthcare and other sectors to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.
For instance, in November 2018, Selman-Holman & Associates, a US based service consulting firm was acquired by Briggs Healthcare, to increase its compliance and education solutions for the home health sector. In January 2019, Exergen Corporation a US based designer and manufacturer of thermometers announced a launch of PEKO thermal dynamic management solution. This newly introduced PEKO will help manufacturers to securely rise their manufacturing processes while safeguarding process temperatures safely within the required specifications.
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