Thermometer Market Size Worth $2.34 Billion By 2028 | CAGR: 8.5%: Grand View Research, Inc.
SAN FRANCISCO, Feb. 24, 2021 /PRNewswire/ -- The global thermometer market size is expected to reach USD 2.34 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% from 2021 to 2028. An increase in the demand for accurate medical devices and the requirement of specific temperature conditions influence the market growth. The rising cases of medical ailments involving accurate measurement of body temperature for the treatment planning and requirement of specific temperature conditions in various industries are likely to heighten the demand for thermometers during the forecast period. The rise in health consciousness, coupled with an increase in healthcare expenditure, is also anticipated to fuel market growth further in the coming decade.
Key suggestions from the report:
- Based on product, mercury-free thermometers dominated the market with a share of 62.52% in 2020 and are expected to witness significant growth from 2021 to 2028. This can be attributed to the high adoption owing to cost-effectiveness, higher efficacy, and beep indication on temperature fluctuations
- On the basis of application, the medical segment dominated the market with a share of 28.53% in 2020 owing to the high prevalence of diseases, which require body temperature assessment for the treatment planning
- North America dominated the market with a revenue share of 34.45% in 2020 owing to the increasing incidences of infectious diseases, such as COVID-19 and Influenza, and the presence of well-established healthcare facilities in this region
Read 110 page research report with ToC on "Thermometer Market Size, Share & Trends Analysis Report By Product (Mercury-based, Mercury-free), By Application (Medical, Industrial, Food, Laboratory), By Region, And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/thermometer-market
The increasing prevalence of target diseases, such as malaria, dengue, typhoid, and swine flu, which cause fever, is anticipated to be a high-impact rendering driver of the market. Malaria is one of the most fatal diseases and is one of the leading causes of death globally. According to the World Malaria Report 2019, an estimated 229 million cases of malaria were observed in 2019 globally.
Furthermore, rapid technological advancements in temperature monitoring devices are increasing the acceptance of these devices by people. For instance, in 2018, Optics developed upgrades for its compact infrared thermometers, which improved their speed and flexibility for industrial use. This is expected to boost the market growth during the forecast period.
Grand View Research has segmented the global thermometer market on the basis of product, application, and region:
- Thermometer Product Outlook (Revenue, USD Million, 2016 - 2028)
- Mercury-based Thermometers
- Mercury-free Thermometers
- Infrared Radiation Thermometers
- Digital Thermometers
- Others
- Thermometer Application Outlook (Revenue, USD Million, 2016 - 2028)
- Medical
- Industrial
- Food
- Laboratory
- Others
- Thermometer Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- China
- India
- Latin America
- Mexico
- Brazil
- Middle East and Africa (MEA)
- South Africa
List of Key Players of Thermometer Market
- Medline Industries, Inc.
- 3M
- Welch Allyn
- American Diagnostics Corporation
- A&D Medical
- Exergen Corporation
- Microlife Corporation
- RG Medical Diagnostics
- Medtronic
- Terumo Corporation
- Actherm Inc.
- Briggs Healthcare
- OMRON Healthcare Inc.
- Fairhaven Health.
Find more research reports on Medical Devices Industry, by Grand View Research:
Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
