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The thermometers market size is forecast to increase by USD 1.02 billion, at a CAGR of 9.45% between 2023 and 2028. The market's expansion hinges on various factors, notably the escalating incidence of infectious diseases, heightened demand for highly efficient thermometers like digital thermometers, and the burgeoning adoption of thermometers across end-user industries. As infectious diseases continue to proliferate, the need for accurate temperature monitoring intensifies, propelling the demand for advanced thermometer technology. Digital thermometers, renowned for their precision and speed, are witnessing surging popularity, further fueling market growth. Moreover, the widespread integration in diverse sectors amplifies their utility and market demand, reflecting their indispensable role in maintaining public health and safety across various settings.
In the realm of healthcare, monitoring body temperature is crucial, especially in managing conditions like Dengue. According to the World Health Organization, accurate temperature assessment aids in diagnosing and treating various medical conditions. Healthcare practitioners rely on temperature monitoring devices such as thermistors and Infrared Radiation Thermometers to obtain precise readings. These devices utilize physical phenomena like infrared radiation to measure body heat from ear, oral, anal, and ambient regions in both adults and pediatrics. Whether in clinics or homes, these tools provide essential data for assessing health challenges and guiding medical interventions. In cold climates, thermometers ensure accurate readings despite external conditions, contributing to effective medicine and science. Such measuring systems play a pivotal role in modern healthcare, enabling early detection and proactive management of illnesses.
The rising demand for highly efficient thermometers including digital thermometers is the key factor driving the growth of the market. Accuracy of temperature measurement and control is one of the key parameters that can affect the effectiveness of a thermometer. In liquid-filled thermometers, the temperature is recorded on a scale printed on a glass tube, and mercury can contract or expand to indicate temperature changes. The sensitivity of a liquid-filled thermometer depends on the expansion of the mercury inside the glass tube, and temperature readings cannot be measured accurately beyond the decimal point, limiting the accuracy of this type of thermometer.
Digital thermometers, on the other hand, use a thermistor, thermocouple, or another temperature-measuring sensor that can measure small temperature changes and represent that temperature as a decimal number. Therefore, digital thermometers, including both digital and infrared thermometers, are more accurate than liquid-filled thermometers. Hence, the demand that provide accurate temperature measurements is growing, which will contribute significantly to the growth of the global thermometer market during the forecast period.
Increasing opportunities for market growth in emerging economies is the primary trend in market growth. Regional emerging markets such as APAC, South America, and MEA offer significant growth opportunities for the vendors in the global thermometer market due to their huge potential and untapped market. Market players are expanding into emerging markets such as India, China, South Africa, Brazil, and Chile to take advantage of lower manufacturing and labor costs to enhance their product and service portfolios.
Increased people's income, increased public awareness of the importance of climate control, increased investment in the construction sector, and increased government initiatives to develop the industrial sector and health infrastructure in rural areas have all contributed to these countries. are driving the growth of the market. Increased adoption of advanced temperature measurement devices such as infrared thermometers and support of legislative and regulatory frameworks are also expected to boost the growth of the global thermometer market during the forecast period.
The high risk of mercury contamination is a major challenge to the growth of the market. The most commonly used and traditional types of thermometers are liquid-filled glass thermometers. These thermometers use mercury as the preferred liquid, as it can expand or shrink with changes in temperature. A typical mercury-filled thermometer contains 0.5-1.5 grams of mercury. Mercury contamination can cause several adverse health effects in human beings, including hand tremors and numbness or tingling in the lips, tongue, fingers, or toes. Exposure to a high amount of mercury or methylmercury can also affect a person’s speech, vision, hearing, and movements. Methylmercury can be fatal in high quantities. Thus, such mercury-filled thermometers are considered high-risk products.
Moreover, mercury thermometers are inexpensive, durable, and accurate, these products pose various safety and environmental hazards. Thus, the potential risks associated with mercury contamination might result in a decline in demand for these thermometers and reduce their sales. This will become a major challenge to the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co.: The company offers thermometers such as the 3M Bair Hugger Temperature Monitoring Patient Sensor.
The report also includes detailed analyses of the competitive landscape of the market and information about 17 market players, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the medical segment will be significant during the forecast period. Medical thermometers are commonly used in hospitals to accurately measure a patient's core temperature. When evaluating patients, healthcare professionals use elevated readings as an important diagnostic indicator of infection or disease. Because of the importance of body temperature as a vital sign, hospitals should use the most accurate to measure temperature.
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The medical segment was valued at USD 376.80 million in 2018. There are many types of medical thermometers used in the healthcare industry, but non-contact are rapidly gaining popularity. An eco-friendly non-contact medical thermometer has been developed that does not touch the patient's skin. Hospital thermometers like TRITEMPTM use her sophisticated TAP and TAKE technology, allowing clinicians to quickly and accurately measure a patient's core temperature simply by pointing the thermometer at the patient's forehead. Such benefits will increase the segment growth during the forecast period.
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North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. The increasing prevalence of deadly infectious and viral diseases in the region is also one of the key factors driving the demand. Malaria, Chlamydia, pertussis, tuberculosis, salmonella, Lyme disease, influenza A and B, herpes simplex 1, herpes simplex 2, staph, shigellosis, and syphilis are some of the major infectious diseases prevalent in the region. If left untreated, these diseases can lead to fatal complications and other serious health issues. Travelers and US Army personnel deployed abroad are still at risk from malaria. Typically, 2,000 cases of malaria are diagnosed every year in the US. Such a high prevalence of deadly infectious and viral diseases in the region is driving the demand in North America.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
1. Infrared Thermometers Market: Infrared Thermometers Market by Product Type, Type and Geography - Forecast and Analysis
2. Precision Food Thermometers Market: Precision Food Thermometers Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Canada, Germany, France, China - Size and Forecast
3. Outdoor Thermometer Market: Outdoor Thermometer Market by Channel, Type, and Geography Forecast and Analysis
Monitoring body temperature is fundamental in managing various medical conditions such as Dengue and chronic diseases, as emphasized by the World Health Organization. Healthcare practitioners rely on diverse temperature monitoring devices including Mercury-free thermometers, Infrared Radiation Thermometers, and Digital Thermometers. These tools cater to different segments from industrial to clinical settings, supporting chronic illness management in the geriatric population and aiding thermal screening in healthcare camps and workplaces.
Moreover, innovations like AI-based systems and non-contact thermometers enhance self-healthcare management and research purposes, utilized in laboratory and academic institutes. The LCD display on these devices provides numerical readings, crucial for accurate temperature assessment in ambient, oral, anal, and ear measurements across adults and pediatrics. In cold climates, these instruments function reliably alongside water heaters, air conditioners, and heaters, ensuring precise readings despite external conditions. Such advancements underscore their pivotal role in modern medicine, science, and the broader health industry.
In addition, Body temperature monitoring is essential in healthcare settings, from health facilities to homecare products. Mercury-free thermometers and Digital Thermometers ensure accurate temperatures without environmental harm. In the industrial segment, Infrared Radiation Thermometers serve industrial purposes for precise readings. AI-based systems aid self-healthcare management for chronic conditions like contagious diseases and swine flu. They're crucial in research and academic institutes for laboratory purposes and numerical data analysis, supporting meteorology and imaging studies. Especially beneficial for the elderly and target diseases, these tools advance medical purposes and personal body temperature monitoring efficiently.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.45% |
Market growth 2024-2028 |
USD 1.02 billion |
Market structure |
USD Fragmented |
YoY growth 2023-2024(%) |
8.42 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key countries |
US, China, Germany, Japan, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., A and D HOLON Holdings Co. Ltd., American Diagnostic Corp., AMETEK Inc., AViTA, B.Braun SE, Baxter International Inc., Dongguan Actherm Medical Corp., Easywell Biomedicals Inc., Exergen Corp., Fluke Corp., Hicks Thermometers India Ltd., Medline Industries LP, Micro Epsilon Messtechnik GmbH and Co. KG, Microlife Corp., Omega Engineering Inc., OMRON Corp., PCE Holding GmbH, Radiant, Testo SE and Co. KGaA, and Wuxi Exanovo Medical Instrument Co. Ltd. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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