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Thermometer Market Trends, Growth, Industry & Revenue [2031]
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Thermometer Market Trends, Growth, Industry & Revenue [2031]

Segments - Thermometer Market by Products (Infrared Radiation Thermometers, Mercury-based Thermometers, Digital Thermometers, Mercury-free Thermometers, and Others), Applications (Food, Medical, Laboratory, Industrial, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Raksha Sharma
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Upcoming | Report ID :ICT-SE-3691 | 4.2 Rating | 85 Reviews | 180 Pages | Format : PDF Excel PPT

Report Description


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.

Thermometer Market Key Takeaways

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.

  • 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.

Thermometer Market By Products

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.

Thermometer Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermometer Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Thermometer Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Thermometer Market - Supply Chain
  4.5. Global Thermometer Market Forecast
     4.5.1. Thermometer Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Thermometer Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Thermometer Market Absolute $ Opportunity
5. Global Thermometer Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Thermometer Market Size and Volume Forecast by Applications
     5.3.1. Food Medical Laboratory Industrial Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Thermometer Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Thermometer Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Thermometer Demand Share Forecast, 2019-2026
7. North America Thermometer Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Thermometer Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Thermometer Market Size and Volume Forecast by Applications
     7.4.1. Food Medical Laboratory Industrial Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Thermometer Demand Share Forecast, 2019-2026
8. Latin America Thermometer Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Thermometer Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Thermometer Market Size and Volume Forecast by Applications
     8.4.1. Food Medical Laboratory Industrial Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Thermometer Demand Share Forecast, 2019-2026
9. Europe Thermometer Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Thermometer Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Thermometer Market Size and Volume Forecast by Applications
     9.4.1. Food Medical Laboratory Industrial Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Thermometer Demand Share Forecast, 2019-2026
10. Asia Pacific Thermometer Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Thermometer Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Thermometer Market Size and Volume Forecast by Applications
     10.4.1. Food Medical Laboratory Industrial Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Thermometer Demand Share Forecast, 2019-2026
11. Middle East & Africa Thermometer Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Thermometer Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Thermometer Market Size and Volume Forecast by Applications
     11.4.1. Food Medical Laboratory Industrial Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Thermometer Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Thermometer Market: Market Share Analysis
  12.2. Thermometer Distributors and Customers
  12.3. Thermometer Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. A&D Co., Ltd. Actherm Medical Corp. Exergen Corp. Microlife Corp. Medtronic plc Fairhaven Health, LLC  

Methodology

Our Clients

Dassault Aviation
The John Holland Group
General Mills
FedEx Logistics
General Electric
Honda Motor Co. Ltd.
Deloitte
Nestle SA