Thermometer Market 2022-2028

Description

List of Tables

Title:Global Thermometer Market Size, Share &Trends Analysis Report by Product (Mercury-Based, and Mercury-Free Thermometer), and by Application (Healthcare and Medical, Industrial, Food, and Research Laboratories) Forecast Period (2022-2028).

The global thermometer market is anticipated to grow at a substantial CAGR of 7.7% during the forecast period. Increasing demand for self-health care products and increasing applications of temperature monitoring devices in several industries are among the major factors contributing to the market growth. Due to the growing demand for self-health care among consumers, companies in the market are introducing portable medical devices such as thermometers, which are easy to use and can be easily adopted by any patient. Moreover, increasing applications of temperature monitoring devices such as thermometers for industrial, medical, laboratory, and imaging purposes as well as among other end-users such as pharmaceutical, food, and chemical industries is estimated to boost market growth over the forecast period.

The global thermometer market is segmented based on the product, and application. Based on the product, the market is segmented into mercury-based and mercury-free thermometers. A mercury-free thermometer is further sub-segmented into an infrared radiation thermometer, digital thermometer, and others. Based on application, the market is sub-segmented into healthcare and medical, industrial, food, and research laboratories. Based on application, the healthcare and medical segment is anticipated to cater to prominent growth over the forecast period owing to the presence of well-established healthcare infrastructure and the increasing dependency of healthcare practitioners on the usage of thermometers for checking the health status of patients is expected to boost the market. The healthcare and medical application segment include hospital, clinics, and healthcare centers. However, the food application segment is anticipated to be the fast-growing segment owing to its use in maintaining the quality of temperature-sensitive eatables. Maintenance of specific temperatures during the process of product development and avoiding contamination and degradation of food is an essential requirement in the food industry. Companies in the industry offer a range of poultry/meat, food testing, and barbeque thermometers that meet ISO standards. For instance, in 2021, Electronic Temperature Instruments (ETI) launched the Thermapen One digital food thermometer. The Thermapen One is the fifth model of its kind from ETI and the company has pushed the boundaries of reading speed and accuracy to ± 0.3°C. The product is waterproof to IP67, meets the European Standard EN 13485, and comes in ten different colors.

Geographically, the global thermometer market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is anticipated to hold a considerable share in the global thermometer market owing to growing patient awareness relating to the prevalence of target diseases including malaria, dengue, and swine flu majorly in countries such as India. India has a high burden of infectious diseases such as visceral leishmaniasis, malaria, dengue fever, and including COVID-19 pandemic. Thus, key players in the region are inclining their efforts toward accelerating the penetration of digital thermometers to every household amid the pandemic situation. For instance, in 2020, DetelPro launched the most low-cost Infrared Thermometer (DT09) under the 'Make in Bharat' initiative initiated by the government of the country. DetelPro's DT09 is available for online purchase through various web links including detel-india.com, b2badda.com, and offline stores.

The major companies serving the global thermometer market include A&D Company Ltd., EASYWELL BIOMEDICALS, INC., Exergen Corp., Hill-Rom Holdings, Inc., Omron Healthcare Europe B.V.., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2021, Fitgo launched its latest technology range of infrared thermometers. The products are available in various countries including India and others on online and offline channels. The infrared thermometer gives precise temperature results in just a second and is suitable for infants, adults, elders, objects, or even a room.

Research Methodology

The market study of the global thermometer market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Thermometer Market Research and Analysis by Product.
Global Thermometer Market Research and Analysis by Application.

The Report Covers:

Comprehensive research methodology of the global thermometer market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global Thermometer market.
Insights about market determinants that are stimulating the global thermometer market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026690

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Thermometer Market
Recovery Scenario of Global Thermometer Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. A&D Company Ltd.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. EASYWELL BIOMEDICALS, INC.
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Exergen Corp.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Hill-Rom Holdings, Inc.
- 3.5.1. Overview
- 3.5.2. Financial Analysis
- 3.5.3. SWOT Analysis
- 3.5.4. Recent Developments
3.6. Omron Healthcare Europe B.V.
- 3.6.1. Overview
- 3.6.2. Financial Analysis
- 3.6.3. SWOT Analysis
- 3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Thermometer Market by Product
- 4.1.1. Mercury-Based
- 4.1.2. Mercury-free Thermometer
  - 4.1.2.1. Infrared Radiation Thermometer
  - 4.1.2.2. Digital Thermometer
  - 4.1.2.3. Others
4.2. Global Thermometer Market by Application
- 4.2.1. Healthcare and Medical
- 4.2.2. Industrial
- 4.2.3. Food
- 4.2.4. Research Laboratories

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. 3M Co.
6.2. Actherm Medical Corp.
6.3. American Diagnostic Corp.
6.4. Cardinal Health, Inc.
6.5. Citizen Systems Japan Co., Ltd.
6.6. Comark Instruments
6.7. DeltaTrak
6.8. Dr. Trust.
6.9. Electronic Temperature Instruments Ltd.
6.10. Endress+Hauser Group Services AG
6.11. Everycom Electronics
6.12. Geratherm Medical AG
6.13. Hicks Thermometers India Ltd.
6.14. Jiangsu Yuyue medical equipment & supply Co., Ltd.
6.15. Masimo
6.16. Medline International B.V.
6.17. Medtronic
6.18. Microlife AG Swiss Corp.
6.19. MICROTEMP ELECTRICS CO., LTD.
6.20. Neptune Wellness Solutions Inc.
6.21. Opto Circuits (India) Ltd.
6.22. RJ Brands, LLC
6.23. SFT Technologies India Pvt. Ltd.
6.24. Taiwan Manufacturing Company, INC. (RADIANT INNOVATION INC)
6.25. Terumo Group