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Thermometer Market - By Product Type (Mercury-based, Mercury-free), Point of Measurement (Ear, Forehead, Oral), Interface (Contact, Contact free), Application (Medical, Industrial, Laboratory), End-Use (Hospitals and Clinics) & Global Forecast, 2024 – 2032
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Thermometer Market
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Premium Report Details
Base Year: 2023
Companies covered: 14
Tables & Figures: 364
Countries covered: 22
Pages: 200
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Thermometer Market Size
Thermometer Market size was valued at around USD 1.8 billion in 2023 and is expected to grow at a CAGR of 6.1% between 2024 and 2032. Increasing prevalence of infectious diseases coupled with rising awareness levels and better hygiene practices are anticipated to be among the key factors propelling the market growth.
The rising incidences of infectious diseases such as malaria, dengue, typhoid, and swine flu are attributed as significant growth drivers contributing to the surging demand for thermometers. This trend is influenced by various factors, including changes in demographics, lifestyle behaviors, environmental conditions, genetic predispositions, and advancements in diagnostic techniques that lead to better detection and reporting of cases. These diseases often cause high fever, necessitating accurate temperature monitoring for better treatment planning.
For instance, according to the World Health Organization (WHO), between January and December 2023, there were a total of 4.1 million suspected cases of dengue recorded, with 6,710 severe cases and 2,049 deaths reported in the Americas. This surge in the prevalence of such conditions has led to an increased incidence of fever-related disorders, consequently contributing to the growing demand for thermometers worldwide.
A thermometer is a vital instrument employed to gauge temperature, commonly comprised of a slender, sealed glass tube housing a liquid, such as mercury or alcohol, or a temperature-sensitive sensor. Widely utilized across multiple domains, including medicine, scientific research, industrial operations, and daily routines, thermometers play a crucial role in temperature monitoring and regulation. They serve diverse purposes such as health surveillance, ensuring food safety, environmental monitoring, and facilitating industrial processes.
Thermometer Market Trends
Rapid advancements in thermometer technologies are propelling the demand for thermometers globally. Advancements in temperature monitoring devices, including infrared thermometers with features such as internet access and data logging functions, are further boosting the product demand by enhancing accuracy and ease of use.
Thermometer Market Analysis
Based on product type, the market is segmented into mercury-based thermometers, and mercury-free thermometers. The mercury-free thermometers segment held leading revenue share in 2023 and is anticipated to reach over USD 2.5 billion by 2032.
Based on point of measurement, the thermometer market is segmented into ear, forehead, oral, and other point of measurement. The forehead segment held leading revenue share and was valued at USD 675.6 million in 2023.
Based on interface, the thermometer market is segmented into contact and contact free. The contact free segment held leading revenue share of over 58% in 2023.
Based on applications, the thermometer market is segmented into medical, industrial, food, laboratory, and other applications. The medical segment held leading revenue share in 2023 and is anticipated to reach USD 945.1 million by 2032.
The thermometer market by end-use is categorized into hospitals and clinics, home care settings and others. The hospitals and clinics segment dominates the market with the revenue of around USD 995.4 million in 2023.
North America thermometer market accounted for USD 681.9 million revenue in 2023 and is anticipated to record substantial market growth during forecast period.
Thermometer Market Share
The thermometer industry features several key players competing in both traditional and innovative segments. Key players operating in the industry are focusing on offering advanced non-contact thermometers, catering to industrial and commercial sectors. Additionally, numerous small manufacturers contribute to the market, particularly in the production of digital thermometers for consumer use.
Thermometer Market Companies
Some of the eminent market participants operating in the thermometer industry include:
Thermometer Industry News
Thermometer market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, Product Type
Market, By Point of Measurement
Market, By Interface
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: