Thermometer Market

Global Thermometer Market Size (2023 to 2028)

The global thermometer market size is forecasted to grow at a compound annual growth rate (CAGR) of 9.4% between 2023 to 2028.

The thermometer is an instrument that monitors temperature or temperature variation in solid, liquid, and gaseous materials. In 1593, Galileo Galilei developed the rudimentary water thermometer. In 1714, Dutch scientist and inventor Daniel Gabriel Fahrenheit invented the first accurate thermometer, which used mercury rather than alcohol and water mixtures. A thermometer is a sealed glass tube containing a liquid, usually mercury, that changes as the temperature changes and this temperature can be read using a marked calibrated scale. Thermometers are used in a variety of sectors and scientific research. The most popular method for measuring body temperature in the healthcare industry. There are different types of thermometers available in the market, such as Clinical thermometers/medical thermometers, Digital thermometers, Mercury thermometers, Constant pressure gas thermometers, Thermocouple thermometers, Pyrometer thermometers, Platinum resistance thermometers, Constant volume thermometers, Alcohol in glass thermometers. Infrared thermometer and Laboratory thermometer.

MARKET DRIVERS:

Increasing fever-causing diseases and usage in various industries with the help of technological advancements propel the global thermometer market growth.

The rising prevalence of fever-causing diseases is the primary driver of the thermometer market. Many illnesses, such as Dengue, malaria, pneumonia, swine flu, and others, begin with a fever. In this situation, a thermometer is essential for measuring temperature since it influences the course of treatment to some degree. According to WHO, the number of dengue cases has risen more than eightfold in the last two decades, from 505,430 cases in 2000 to over 2.4 million in 2010 and 4.2 million in 2019. In the first three months of 2021, the Pan American Health Organization (PAHO) announced 175,372 suspected and confirmed dengue cases and 32 related deaths in the Americas region. In 2019, almost half of the world's population was at risk of malaria, which resulted in 229 million infections. Pneumonia led to the deaths of 808,694 children in 2017. This prevalence is mainly in Sub-Saharan Africa, South-East Asia, the Eastern Mediterranean, the Western Pacific, and the Americas due to poor sanitation, an aging population, and a lack of medical services to serve this growing population. As a result, there is a strong demand for thermometers in the medical industry. In addition, several diseases begin with a normal fever but progress to cause chronic diseases, so people are becoming more aware of fever. As a result, almost every household has a thermometer. As a result, the thermometer will display enormous development over the last few decades.

The growing adoption of technological advancements in the manufacturing of thermometers is driving the global thermometer market.

From its inception to the present, several key players have improved the thermometer's efficiency, speed, accuracy, and technology. Microlife, for example, invented the digital thermometer that measures temperature in as little as one second, which is more than four times faster than traditional digital thermometers. In addition, the invention of the non-contact thermometer has become a boon to the thermometer industry. The non–contact thermometer can read the body temperature without applying the instrument to the body, which has been done historically with a sensor. This system significantly reduces the burden of infectious disease. Other advances, such as antimicrobial thermometers with copper alloy, microwave thermometers, mercury-free thermometers, and reversible and gas thermometers, generate much interest.

The increasing industrial use of thermometers propels the global thermometer market forward.

Many businesses, such as chemical, food, and beverage, use special thermometers known as Industrial Thermometers since precise temperatures are needed for specific products. These thermometers are more durable than laboratory thermometers having bimetal, liquid or gas-filled, electronic, or infrared (IR) sensors. The demand for thermometers in the food and beverage industry prevents pollution and depletion of food and beverages. Many toxic and highly volatile chemicals are processed in the chemical industry and must be kept constant to keep them clean. Since cement manufacturing occurs between 1400 °C and 1500 °C, many factories use thermometers to produce and manage products. As a result of this industrial application, the thermometer industry is growing.

Impact of COVID-19 on the global thermometer market:

COVID-19 is showing rapid growth in the sales of thermometers across the world. The coronavirus pandemic boosted the thermometer industry even further because fever is a frequent symptom of coronavirus infection. Thermometers are rapidly increasing in hospitals, movie theatres, offices, stores, airports, restaurants, shopping centers, and other public areas. In this pandemic, a technologically sophisticated contactless thermometer is in high demand for screening many persons. Contactless thermometers may also measure temperature from a distance, reducing the risk of cross-contamination.

Similarly, most patients were at high risk of coronavirus infection and fever from other diseases. Statista estimates Between the beginning of January 2020 and April 19, 2021, almost 4.3 million people died in the United States from all causes. There were also 9,195 influenza-related deaths, with pneumonia or COVID-19 also reported as causes of death. As a result, measuring temperature becomes critical to prevent COVID–19, and the market for thermometers rises.

Moreover, as a result of the pandemic, people have become more health-conscious, and they are more prone to self-monitoring of fever, which has resulted in a surge in the sales of OTC digital thermometers. Furthermore, several policymakers are implementing programs to increase the use of thermometers. In response to the COVID-19 pandemic, Connecticut Governor Ned Lamont donated 50,000 infrared thermometers to small businesses, non-profits, and places of worship. In addition, the FDA is launching several efforts to resolve the serious public health issues posed by shortages of thermometers. Besides that, the government and non-governmental organizations focus on a thermometer to reduce coronavirus infections. ForaCare Suisse, for example, has introduced the FORA Autonomous Temperature Measuring Station to aid healthcare systems in combating the coronavirus (COVID-19) pandemic and employs the FORA IR41 non-contact forehead thermometer. Everybody is working together to prevent coronavirus contamination, with temperature measurement being the first step, which boosts the growth of the thermometer market.

REPORT COVERAGE:

This research report on the global thermometer market has been segmented and sub-segmented based on the product, application, and region.

Global Thermometer Market – By Product:

• Mercury-based Thermometers
• Mercury-free Thermometers
  • Digital Thermometers
  • Infrared Radiation Thermometers
  • Others

Based on the product, due to high adoption and user-friendliness, the Mercury-free thermometers segment dominated the market in 2022 and is predicted to increase quickly throughout the forecast period. Mercury-free thermometers, such as IR radiation and digital thermometers, are expected to become increasingly popular. They deliver more accurate readings and are unrelated to mercury's environmental risks. This is due to an increase in the number of occurrences of non-contact surface temperature readings. They enable quick and painless temperature measuring at a safe distance. They reduce the risk of germ transfer from one person to the next and monitor and show temperature quickly. Furthermore, the increasing global prevalence of COVID-19 infections has boosted the need for these thermometers for initial diagnosis.

Global Thermometer Market – By Application:

• Medical
• Industrial
• Food
• Laboratory
• Others

Based on the application, in 2022, the medical segment is predicted to dominate the global thermometer market, which includes hospitals, clinics, and primary healthcare institutions. This is due to the well-developed healthcare system and the high prevalence of disorders requiring body temperature monitoring.

Global Thermometer Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Geographically, the North American thermometer market is likely to lead the global market during the forecast period.

From 2023 to 2028, the Asia Pacific thermometer market is predicted to grow at the highest rate. High unmet medical requirements, the rising prevalence of target diseases such as malaria, dengue fever, and swine flu, and rising patient knowledge about these diseases in the region contribute to the lucrative growth of the market.

KEY MARKET PARTICIPANTS:

A few of the prominent companies operating in the global thermometer market covered in this report are 3M (Nexcare), Medline Industries, Inc., Terumo Corporation, \Microlife Corporation, Briggs Healthcare, Exergen Corporation, Innovo Medical, Fitgo, Radiant Innovation Inc., Medtronic, Welch Allyn, American Diagnostics Corporation, RG Medical Diagnostics, Actherm Inc., and Fairhaven Health.

RECENT MARKET DEVELOPMENTS:

In May 2020, A public health organization and an Idaho community collaborated to use smart thermometers to detect possible coronavirus outbreaks. The thermometers read the temperature in a matter of seconds. A mobile app then compiles the data into anonymous updates on urban health patterns.