According to the estimations put forth by Inkwood Research, the Global Thermometer Market is predicted to register a CAGR of 7.44% in terms of revenue during the forecasting years of 2023-2032.
“Browse 43 Market Data Tables and 47 Figures spread over 205 Pages, along with an in-depth TOC on the Global Thermometer Market Forecast 2023-2032.”
Thermometers are essential instruments widely used across various industries and everyday applications to measure temperature. They play a critical role in monitoring and controlling temperature for a multitude of purposes, from ensuring the safety of food and beverages to maintaining the integrity of scientific experiments.
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Increasing Prioritization of Body Temperature Monitoring Boosts Growth
Body temperature monitoring entails the act of measuring and recording an individual’s bodily temperature, serving as a vital instrument for early detection and treatment of various illnesses, particularly infectious diseases.
In recent times, there has been a noticeable uptick in the acknowledgment of the significance of body temperature monitoring. This shift in awareness can be attributed to various factors, with the COVID-19 pandemic playing a central role by underscoring the crucial need for early detection and treatment of infectious diseases. The growing prevalence of other infectious diseases, such as malaria and dengue, has further contributed to the increasing recognition of the importance of body temperature monitoring.
Individuals are now realizing that monitoring body temperature is an effective means of identifying potential illnesses at an early stage, enabling them to seek timely medical attention and curbing the spread of diseases. This heightened awareness has prompted individuals, healthcare institutions, and even public spaces to invest in accurate and convenient thermometers, thereby fueling the growth of the thermometer market in response to the escalating demand for vigilant health monitoring. Consequently, the mounting awareness of the value of body temperature monitoring is propelling the expansion of the thermometer market.
Medical is the Fastest-Growing Application
Medical thermometers play a pivotal role in patient care, disease detection, and public health. These devices are instrumental in monitoring the body temperature of individuals, both in clinical and home settings.
Medical thermometers are essential instruments for precise and dependable body temperature measurement, making them vital in both clinical and personal healthcare environments. Within clinical contexts, healthcare practitioners regularly use medical-grade thermometers to diagnose and monitor patients’ well-being. These thermometers are held to strict regulatory standards to guarantee accuracy and safety, with digital and non-contact infrared thermometers being pivotal. Beyond clinical application, thermometers are critical for personal health monitoring, assisting individuals and families in monitoring body temperature and identifying fever.
North America: Largest Revenue-Generating Region
The North America thermometer market growth is driven by increasing healthcare awareness, advanced medical infrastructure, and a growing emphasis on temperature monitoring in various industries. The healthcare sector in North America is witnessing a transition towards digital health, promoting the adoption of advanced digital thermometers. These devices offer precision and connectivity, allowing remote temperature monitoring and data sharing, which is particularly relevant in the context of the COVID-19 pandemic.
Adherence to regulatory standards is essential for market survival, often posing a hurdle for new and local entrants. As a result, intense competition is anticipated in the market throughout the forecast period. Some of the eminent companies in the market are Microlife Corporation, OMRON Healthcare Inc, Terumo Corporation, Medline Industries Inc, etc.
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About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.