THERMOMETER MARKET REPORT OVERVIEW
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The global thermometer market size was in USD 2006.6 million 2022. As per our research, the thermometer market is expected to reach USD 4171.04 million by 2031, exhibiting a CAGR of 8.47% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
A thermometer is a device used to measure temperature. It is a common tool in science, industry, and everyday life. Thermometers work based on the principle that most materials expand as they get hotter and contract as they get colder. These are traditional thermometers consisting of a glass tube with a liquid (typically mercury or colored alcohol) inside. As the temperature changes, the liquid expands or contracts, and the level of the liquid in the tube corresponds to a specific temperature. These thermometers use electronic sensors, such as thermistors or infrared sensors, to measure temperature. They display the temperature as a digital readout, making them easy to read and often faster than traditional liquid-in-glass thermometers. Also known as non-contact thermometers, these devices measure temperature without direct contact with the object being measured.
They work by detecting the infrared radiation emitted by the object and converting it into a temperature reading. They are commonly used in applications where the object's temperature cannot be easily accessed, like industrial processes or medical applications. These are temperature sensors made by joining two different metal wires at one end. When there is a temperature difference between the two ends, it generates a voltage that can be used to determine the temperature. RTDs are temperature sensors that use the change in electrical resistance of certain materials, such as platinum, with temperature. They are often used in scientific and industrial applications due to their high accuracy. These consist of two different metals bonded together. As the temperature changes, the metals expand or contract at different rates, causing the strip to bend. The degree of bending indicates the temperature.
COVID-19 Impact: Shortages and Supply Chain Disruptions to Hinder Market Growth
The COVID-19 pandemic has had a significant impact on the thermometer market growth. The pandemic led to increased demand for various types of thermometers, primarily due to the need for accurate temperature measurements as a part of COVID-19 screening and monitoring. With fever being one of the primary symptoms of COVID-19, there was a surge in demand for thermometers. Individuals, businesses, and healthcare facilities sought reliable thermometers for regular temperature checks to identify potential cases of the virus. The rapid increase in demand for thermometers led to shortages and disruptions in the supply chain. Manufacturers struggled to keep up with the demand, leading to delays in product availability. The pandemic also led to a growing interest in contactless or infrared thermometers. These devices allow for temperature measurements without physical contact, which is considered safer in a COVID-19 context. As a result, the market saw a shift toward these non-contact thermometers.
LATEST TRENDS
"Ear and Forehead Thermometers to Enhance Market Growth"
Non-contact thermometers, which use infrared technology to measure temperature without physical contact, have become increasingly popular. They are used in various settings, including healthcare, workplaces, and public spaces, to minimize the risk of disease transmission. Smart thermometers, which can connect to smartphones and other devices, have gained popularity. These thermometers often come with mobile apps that allow users to track and store temperature data over time, making it easier to monitor health and detect fever patterns. Ear and forehead thermometers are preferred for their ease of use, speed, and accuracy.
They are commonly used in homes and healthcare settings. The importance of thermometer hygiene and disinfection has become more pronounced due to the COVID-19 pandemic. Manufacturers have introduced features that make it easier to clean and disinfect thermometers, especially those used in clinical settings.
THERMOMETER MARKET SEGMENTATION
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- By Type
Based on type market is classified as liquid-filled, thermometers, digital thermometers and others.
- By Application
Based on application market is classified as home health aide, hospital & clinic and public place.
DRIVING FACTORS
"Quick and Easy Measurements to Augment Market Growth"
Ear and forehead thermometers are non-invasive, making them more comfortable to use, particularly for children and individuals who are sensitive to oral or rectal temperature measurements. They provide a convenient and painless way to check one's temperature. Ear and forehead thermometers typically provide rapid temperature measurements, often within seconds. This quick response is valuable for both healthcare professionals and individuals who want to monitor their temperature efficiently. These thermometers don't require direct contact with mucous membranes, making them a hygienic choice. This is especially important in healthcare settings, where infection control is crucial. Ear and forehead thermometers are suitable for people of all ages, from infants to the elderly. They are versatile and can be used in a variety of situations, including paediatric care.
"Multi-Mode Functionality to Propel Market Growth"
Most ear and forehead thermometers are user-friendly, with easy-to-read displays and minimal buttons. They often come with features like backlighting and memory recall for past measurements, enhancing their ease of use. When used correctly, ear and forehead thermometers can provide accurate temperature measurements. They are particularly well-suited for screening purposes and for identifying fever, which is a common symptom of various illnesses, including infections. Some ear and forehead thermometers have multi-mode functionality, allowing users to switch between measuring forehead or ear temperatures, depending on the situation and individual preference.
RESTRAINING FACTOR
"Calibration and Maintenance to Impede Market Expansion"
Thermometers are essential instruments for measuring temperature in various applications, but there can be restraining factors that limit their effectiveness or use in specific situations. Some thermometers may be less accurate, especially if they are not calibrated regularly. Inaccurate measurements can lead to incorrect temperature readings, which can be problematic in scientific research or medical applications. High-precision thermometers or specialized thermometers can be expensive. Cost can be a restraining factor for individuals or organizations with limited budgets. Regular calibration and maintenance are necessary to ensure the accuracy of certain thermometers. This can be time-consuming and may require additional resources. Some thermometers have slower response times, which can be a limitation in applications where quick temperature readings are essential.
THERMOMETER MARKET REGIONAL INSIGHTS
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"North America to Dominate the Market Due to Government Initiatives"
North America dominated the thermometer market share in terms of revenue. The region is projected to continue its dominance over the forecast period. This can be attributed to increasing awareness among people about climate change, rising COVID-19 cases, and government initiatives for energy conservation. Furthermore, the increasing number of e-commerce sites has also positively impacted industry growth as these sites offer a wider range of products at much lower prices than traditional retail stores do.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Easywell Bio (U.S.)
- Shenzhen Dongdixin Technology (China)
- Rossmax (U.S.)
- Riester (Halma) (U.S.)
- Welch Allyn (Hill-Rom Holdings) (U.S.)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2006.6 Million in 2022 |
Market Size Value By |
US$ 4171.04 Million by 2031 |
Growth Rate |
CAGR of 8.47% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the thermometer market expected to touch by 2031?
The global thermometer market size is expected to reach USD 4171.04 million by 2031.
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What CAGR is the thermometer market expected to exhibit by 2031?
The thermometer market is expected to exhibit a CAGR of 8.47% by 2031.
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Which are the driving factors of the market?
Quick and easy measurements and multi-mode functionality are the driving factors of the market growth.
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Which are the key players functioning in the market?
Beurer, AViTA Corporation, B.Well Swiss AG and others are the key players functioning in the market.