The global Thermometer Market size is expected to reach a
value of USD 1.5 billion by 2025, based on a new report by Grand View Research,
Inc. Growing number of medical conditions requiring accurate measurement of
body temperature for deciding the treatment options is expected to enhance
demand for thermometers over the forecast period. High prevalence of diseases
such as malaria, swine flu, and dengue, which can be diagnosed primarily by
observing body temperature is estimated to provide potential growth opportunities
for this market in developing countries.
In addition, requirement for maintenance of an environment of specific
temperature in various industries such as food, chemicals, and pharmaceuticals
is another high rendering driver resulting in increasing demand for digital and
infrared temperature measuring devices. Development of devices with
technological advancements for accurately measuring minute temperature
differences is expected to be a growth booster for this industry. For instance,
the Exergen TAT-2000C can be used to measure body temperature by just rolling
the device tip over the child’s forehead.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/thermometer-market
http://www.grandviewresearch.com/industry-analysis/thermometer-market
Further Key Findings from the Study Suggest:
- The
mercury-based thermometers segment dominated the overall market in 2016 in
terms of revenue share owing to factors such as growing demand for
accuracy in temperature measurement and ease in handling
- Digital
thermometers held more than one-third of the thermometer market share in
2016 in the mercury-free segment due to benefits such as
cost-effectiveness, easier analysis of temperature to a tenth of a degree,
and beep indication after temperature fluctuations
- Other
types of mercury-free thermometers such as disposable ones, temperature
strips, and gas thermometers are expected to be fastest growing and are
collectively expected to grow at a lucrative CAGR
- In
term of applications, medical fields including hospital, clinics, and
primary healthcare centers dominated the overall market in terms of
revenue share as of 2016
- On the
other hand, the industrial application segment is expected to showcase
lucrative growth over the forecast period as pharmaceutical, chemical, and
biotechnology industries require specific temperature maintenance during
various stages of product development
- To
avoid contamination and degradation of food & beverages and retain the
quality of temperature-sensitive eatables, maintenance of a specific
temperature is required. Thus, thermometers have applications in the food
industry too
- Increasing
number of health-conscious consumers, established healthcare
infrastructure, and increasing demand for disposable thermometers are the
key factors attributing for highest revenue generation of the North
American region
- The
Asia Pacific regional market is expected to register significant growth
over the forecast period with CAGR of 8.3% owing to emerging economies,
growing base of target population, and growing concern for personal health
- Some
of the key players in this industry include Exergen Corporation, Omron
Healthcare, Inc.; TERUMO CORPORATION, Citizen Systems, 3M (Nexcare),
Innovo Medical, RADIANT INNOVATION INC., Good Neighbor Pharmacy, and
Fairhaven Health, LLC.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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