The global thermometer market was valued at around US$ 1.5 Billion at the end of 2021. The market is projected to register a 9.1% CAGR and top a valuation of US$ 3.6 Billion by 2032.
The presence of a developed healthcare infrastructure and a high prevalence of diseases that require measuring body temperature is expected to bolster the growth of the thermometer market.
Temperature is measured using an instrument called a thermometer. Two essential parts make up a thermometer: a temperature sensor that adapts to temperature changes and a mechanism that converts those changes into a numerical number. The usage of thermometers is widespread in a range of fields, including meteorology, medicine, and science.
A variety of physical phenomena are used by thermometers to measure temperature. A wide range of industrial applications, particularly measuring systems, use thermometers. In cold climates, thermometers are used on roads to determine and; assess when ice conditions occur. Thermistors are used to regulate the temperature inside appliances including commercial water heaters, air conditioners, freezers, and heaters.
| Attributes | Details |
|---|---|
| Thermometer Market Value in 2021 | US$ 1.5 Billion |
| Thermometer Market Value in 2032 | US$ 3.6 Billion |
| Thermometer Market CAGR (2022 to 2032) | 9.1% |
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The most significant factors that are predicted to propel the market are the rise in the frequency of contagious diseases, additional medical conditions including dengue and malaria, and raising awareness of the importance of taking one's personal body temperature. The market for thermometers is also expanding as a result of the increasing use of these instruments for imaging, industrial, research, and medical purposes.
Additionally, cooperation is growing between various end users like the chemical, pharmaceutical, and food industries. In these sectors, maintaining accurate temperatures during various product improvement cycles is a crucial requirement. During the forecast period, these factors are expected to accelerate the market's growth.
The coronavirus outbreak has benefited the health industry by raising the need for thermometers. Throughout the projected period, this is probably what will propel the market. The need for infrared thermometers has increased due to the requirement for thermal screening in common areas, workplaces, and hospitals.
The thermometer market is broadly divided into seven major regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
North America is the leading region in the global thermometer market. The growing geriatric population and higher healthcare expenditure are some of the key factors contributing to its largest market share.
The European thermometer market is likewise anticipated to experience profitable growth. Over the course of the forecast period, the market is anticipated to be driven by growing demands for homecare products and health facilities that serve the elderly.
The East Asian region is predicted to show lucrative growth owing to the presence of high unmet medical needs, and the increasing prevalence of target diseases including malaria, dengue, and swine flu.
Principal Consultant
OMRON Healthcare Inc., Actherm Inc., Medtronic, Microlife Corporation, A&D Medical, Welch Allyn, Medline Industries, Inc., Fairhaven Health, Briggs Healthcare, Terumo Corporation, RG Medical Diagnostics, Exergen Corporation, American Diagnostics Corporation, 3M.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 9.1% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segment Covered | Product, Application, Region |
| Region Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Players | OMRON Healthcare Inc.; Actherm Inc.; Medtronic; Microlife Corporation; A&D Medical; Welch Allyn; Medline Industries, Inc.; Fairhaven Health; Briggs Healthcare; Terumo Corporation; RG Medical Diagnostics; Exergen Corporation; American Diagnostics Corporation; 3M |
| Customization | Available Upon Request |
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The global thermometer market is anticipated to register a CAGR of 9.1% during the forecast period.
The global thermometer market is projected to be about US$ 3.6 Billion by the end of the year 2032.
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