The global thermometer market size accounted for USD 1.7 billion in 2022 and is expected to hit around USD 3.9 billion by the end of 2032 with a registered compound annual growth rate (CAGR) of 9.2% during the forecast period 2023 to 2032.
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This is a temperature measuring equipment that helps to evaluate the present temperature of the surface with which it is in contact. The rapidly increasing number of diseases among people all over the world has emerged as a major factor for the increasing demand of thermometers. The utilization of advanced thermometers in the healthcare sector has also boosted the market to a great extent. The rapid spread of infectious diseases among people all over the world has emerged as a major growth factor for the market. The utilization of temperature monitoring devices for laboratory, industrial, medical imaging, and medical purposes will significantly contribute to the growth of the market during the forecast period. The increasing demand for modern technology and equipment in the healthcare industry as a result of the rapidly increasing number of diseases in society has helped the market to record considerable revenue over the period of time which is expected to grow further.
The outbreak of the pandemic had a considerable impact on the growth of the thermometer market as a result of the huge demand of digital thermometers among healthcare workers. With a view to avoiding contact with the infected patients directly, the utilization of smart thermometers had increased considerably which helped the market to record a considerable revenue. As a result of the pandemic, people became aware of various advanced technologies that have been introduced in the healthcare sector which boosted the demand for advanced thermometers. People have become aware of the various self-healthcare measures that need to be taken which has boosted the demand and supply chain of thermometers in the market.
The increasing consciousness among the people regarding the various protective measures that need will be taken during the course of any infectious disease has boosted the demand and supply of advanced thermometers in the market. The increasing demand for high-quality accurate thermometers among the healthcare industries as a result of the rapidly increasing number of diseases in society has helped the market to record considerable revenue over the period of time. Rapid acceptance has been observed among potential consumers for various technologically advanced medical devices and equipment which has emerged as a major reason for boosting the market for thermometers. The active participation of the government for improving the healthcare facilities that are provided to the people has emerged as another growth factor for the thermometer market.
The utilization of infrared thermometers became a very common practice after the outbreak of the pandemic in almost every sector all over the world which helped the market to record considerable revenue over the period of time. Examination and evaluation of the body temperature became the most common pattern of screening individuals before they could enter a common public area. This was done with the help of infrared digital thermometers which helped the market to record a considerable revenue over the period of time.
Report Scope of the Thermometer Market
|Market Size in 2023||USD 1.77 Billion|
|Market Size by 2032||USD 3.9 Billion|
|Growth Rate from 2023 to 2032||CAGR of 9.2%|
|Largest Market||North America|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2023 to 2032|
Key Market Drivers
Key Market Challenges
Key Market Opportunities
On the basis of product, the segment of mercury-free thermometer has emerged as the largest segment as a result of the huge demand it has experienced from the potential consumers all over the world. The mercury free thermometers are more user friendly as compared to the other alternatives available in the market. The outbreak of the pandemic had a positive impact on the growth of the segment of mercury free thermometers as a result of the higher risk of spread of infection due to contact. With a view to prevent the spread of infection among the health care workers the government encouraged the utilization of mercury free thermometers which helped the market to record a considerable revenue.
Though the utilization of mercury-based thermometers is much easier as compared to the other segments in the market many countries all over the world have banned the utilization of such devices. Strict rules and regulations are expected to be seen in the future as a result of the potential risks that are related to these medical equipments. The increasing demand for modern technology among the potential consumers all over the world has boosted the demand for mercury free thermometers.
On the basis of application, the medical application has accounted largest revenue share segment as a result of the huge number of consumers that exist in this particular sector who utilize thermometers on a daily basis for examination. A well-equipped healthcare infrastructure demands the utilization of advanced parameters that helped to provide accurate results. The technological advancements that have been observed in the healthcare sector has emerged as a major growth factor for the increasing demand of advanced thermometers. A lucrative growth has been observed from the industrial sector as a result of the rapid application of infrared thermometers.
The other segments which have contributed significantly to the growth of the thermometer market include biotechnology companies and chemical industries. The accurate results that are provided with the help of the advanced thermometers has emerged as a major growth factor for the market. The high quality of thermometers that are provided in the industrial sector includes various configurations and settings that makes it user friendly. The rapid research and development programs that are carried out by the key market players with a view to introduce modern technology into the market has emerged as a major growth factor for the thermometer market.
Thermometer Market Share, By Region, 2022 (%)
|Regions||Revenue Share in 2022 (%)|
Why North America region has emerged as the largest market in the thermometer market?
Why Asia Pacific region will grow faster in thermometer market?
Key Market Developments
Key Market Players
Segments covered in the report
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