The thermometer market size is estimated to reach USD 881.49 million, progressing at a CAGR of 8.86% by 2027. The rising demand for highly efficient thermometers including digital thermometers is a key factor driving the thermometer market growth.
Don’t miss out on the business opportunities in the Thermometers Market. Unlock the Sample Report and gain crucial market insights that will benefit your business growth. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 1,206.72 million.
Browse Technavio's 165-page report and in-depth TOC on "Thermometers Market 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)."
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The thermometer market structure is fragmented in nature and the vendors are deploying growth strategies such as acquisitions, product launches, and others to promote their businesses in the global market. Some of the major thermometer market vendors are:
Based on geography, the thermometers market is segmented across North America, Europe, APAC, South America, and the Middle East and Africa. North America is projected to contribute 36% of the thermometers market size by 2027. The increasing prevalence of deadly infectious and viral diseases in the region is also one of the key factors driving the demand for thermometers.
The rising demand for highly efficient thermometers including digital thermometers is a key factor driving the thermometer market value.
The increasing opportunities for market growth in emerging economies is the major thermometers market trend that will positively influence market growth.
The high risk of mercury contamination is a major challenge to the thermometers market size.
Technavio’s research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the thermometers market. Download the PDF Sample Report
YOY growth rate of the thermometers market.
A diversified analysis of the market’s competitive landscape and detailed information about vendors.
Accurate prediction about upcoming trends and changes in consumer behavior across North America, Europe, APAC, South America, and the Middle East and Africa.
Comprehensive details of factors that will impact the growth of thermometers market vendors.