Thermometers Market Size to grow by USD 1026.8 million between 2024-2028
The Thermometers Market is segmented by Application (Medical, Industrial, Laboratory, Food, and Others), Product (Mercury-free thermometer and Mercury-based thermometer), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 1026.8 million, at a CAGR of 9.45% during the forecast period. There are several companies that are contributing to the market as per this report. Increasing opportunities for market growth in emerging economies .
By Application, the Medical segment is projected to dominate the market size in 2024
In the healthcare industry, accurately measuring body core temperature is an indispensable aspect of delivering effective medical care. Thermometers serve as vital diagnostic tools for healthcare professionals, particularly when assessing the health of infants and young children. Various parts of the human body, including the oral cavity, axilla, rectum, tympanic membrane, and forehead, can be utilized for temperature measurement using medical-grade thermometers. This information enables healthcare providers to make precise diagnoses and deliver optimal patient care.
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By Product, Mercury-free thermometer segment is expected to hold the largest market size for the year 2024
The mercury-free thermometer segment held a significant market share in 2023, driven by their user-friendly design and increased accuracy compared to traditional mercury thermometers. IR radiation thermometers and digital thermometers, both mercury-free options, are poised for substantial growth due to their environmental advantages and ease of use. The COVID-19 pandemic further accelerated market expansion as concerns over infection transmission increased the demand for contactless temperature measurement solutions. Mercury-free thermometers offer a more hygienic and efficient alternative to traditional thermometers, making them a preferred choice for both consumers and healthcare professionals.
Why is North America forecasted to hold the largest regional market size in 2024?
The Thermometers Market represents a significant business opportunity, with growing demand driven by various end-use industries. These include healthcare, food processing, and HVAC systems, among others. Key market trends include the increasing adoption of digital and wireless thermometers, as well as advancements in temperature measurement technology. Companies in this sector must stay abreast of these developments to remain competitive.
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Research Analysis Overview
The Thermometers Market encompasses a wide range of temperature measurement devices used in various sectors, including homes, clinics, and healthcare settings. Infrared Radiation Thermometers, which measure temperature through infrared radiation, are gaining popularity due to their non-contact feature, making them ideal for measuring ambient temperatures in homes and meteorological applications. In healthcare, thermometers are essential tools for measuring body temperature in adults and pediatrics. Oral, anal, forehead, ear, and ear canal thermometers are commonly used for this purpose. Temperature sensors, such as thermistors, are the physical phenomena behind these measuring systems. In clinical settings, healthcare practitioners rely on temperature monitoring devices for diagnosing and managing health challenges. The World Health Organization emphasizes the importance of accurate temperature measurement in the early detection and treatment of infectious diseases like malaria and dengue. Public awareness about the importance of body temperature monitoring has increased due to the ongoing health crisis. As a result, the market for temperature monitoring devices is expected to grow significantly in the coming years. Stay tuned for more insights on this topic in the realm of science, medicine, and meteorology. In summary, the thermometers market includes various types of temperature measurement devices used in homes, clinics, and healthcare settings, such as Infrared Radiation Thermometers, oral, anal, forehead, ear, and ear canal thermometers, which utilize temperature sensors like thermistors. These devices play a crucial role in diagnosing and managing health challenges, particularly in infectious diseases like malaria and dengue, and are essential for body temperature monitoring. The market for temperature monitoring devices is expected to grow significantly due to increasing public awareness and the need for accurate temperature measurement.
Market Research Overview
The global electronics industry encompasses a vast array of sectors, including communications equipment, technology hardware storage and peripherals, electronic components, consumer electronics, and industrial electronics manufacturing services. According to Technavio's market analysis, the size of the global electronic equipment and instruments market is determined by the revenue generated from the sales of associated ICT and electronics products, equipment, and components. The market's expansion will be driven by the burgeoning demand for electronic test and measurement equipment. This demand is fueled by technological innovations and the digital transformation sweeping through various industries, such as semiconductors, automotive, IT, consumer electronics, industrial, energy, and medical devices. - The Thermometers Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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