The
global Thermometer
Market size
is anticipated to reach USD 2.8 billion by 2030, according to a new report by
Grand View Research, Inc. The market is expected to expand at a CAGR of 8.7%
from 2022 to 2030. Increase in demand for accurate medical devices and
requirement of specific temperature conditions influences market growth. Rising
cases of medical ailments involving accurate measurement of body temperature
for the treatment planning, and requirement of specific temperature conditions
in various industries is likely to heighten demand for thermometers during the
forecast period. Rise in health consciousness coupled with increase in
healthcare expenditure is also anticipated to fuel market growth further in
coming decade.
Increasing
prevalence of target diseases such as malaria, dengue, typhoid, and swine flu,
which causes fever, is anticipated to be a high impact rendering driver of
market. Malaria is one of the most fatal diseases and is one of the leading
causes of death globally. According to the World Malaria Report 2019, an
estimated 229 million cases of malaria were observed in 2019 globally.
Furthermore, rapid technological advancements in temperature monitoring devices
are also increasing the acceptance of these devices by people. For instance, in
2018, Optics developed advanced version of its compact infrared thermometers,
which improved their speed and flexibility for industrial use. This is expected
to boost the market growth during the forecast period.
Related Press
Release@ Thermometer
Market Report
Thermometer Market Report Highlights
- Based on
product, the mercury- free thermometers segment dominated the overall
market with a share of 64.2% in 2021 and is expected to witness
significant growth rate in the future from 2022 to 2030. This can be
attributed to high adoption owing to cost-effectiveness, higher efficacy,
and beep indication on temperature fluctuations
- On the basis
of application, the medical segment dominated the overall market with a
share of 28.4% in 2021 owing to high prevalence of diseases which requires
body temperature assessment for the treatment planning
- North
America dominated the market with the highest revenue share of 34.4% in
2021 owing to increasing incidences of infectious diseases such as
COVID-19, Influenza and presence of well-established healthcare facilities
in this continent
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.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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