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NORTH AMERICA THERMOMETER MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

North America Thermometer Market by Product Type (Mercury-free Thermometers (Digital Thermometer, Infrared Radiation Thermometer, Other Mercury-free Thermometers), Mercury-based Thermometers) Market by Application (Medical, Industrial, Food, Laboratory, Other Applications) by Geography


MARKET OVERVIEW

The North America thermometer market is predicted to project a CAGR of 6.83% during the forecast period, 2023-2032, and is expected to register a revenue of $1063.92 million by 2032.

The thermometer market growth in North America is attributed to significant healthcare expenditures in Canada and the United States, which strongly indicates commitment to healthcare services. This further propels the demand for accurate temperature measurement devices in the healthcare sector.

However, the North America thermometer market growth is hampered by stringent regulatory requirements for industrial and healthcare thermometers.

North America Thermometer Market

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The North America thermometer market growth evaluation includes the assessment of the United States and Canada. The United States thermometer market growth is propelled by the consistently high demand for precise temperature measurement devices, given the stringent healthcare regulations, a substantial patient population, and the maturity of the healthcare market. It is noteworthy that the National Health Expenditure (NHE) increased by 2.7% to reach $4.3 trillion in 2021, accounting for 18.3% of the Gross Domestic Product (GDP). This underscores the substantial financial commitment within the healthcare sector.

Additionally, the demographic shift towards an aging population, constituting 16.8% of the total population in 2020, necessitates frequent temperature monitoring, thereby further augmenting sales of thermometers. Furthermore, the rising prevalence of fever-causing diseases, such as malaria and dengue fever, underscores the critical role of accurate temperature measurement in early detection and management.

Moreover, in the industrial domain, stringent regulatory standards and the presence of well-established industries have significantly contributed to the growth of the industrial thermometer segment. The prospect of a potential overhaul and resurgence in the U.S. manufacturing sector has the potential to further bolster the demand for industrial thermometers. With substantial government investments in healthcare and ongoing innovations, the thermometer market is establishing itself as an indispensable component of both the U.S. healthcare and industrial sectors.

The North America thermometer market segmentation includes application and product type. The application segment includes laboratory, food, industrial, medical, and other applications.

The laboratory application segment of the thermometer market is experiencing notable growth, primarily attributed to the increasing prevalence of automation and digitalization within laboratory environments. Thermometers play a pivotal role in these automated systems by delivering real-time temperature data, thereby enhancing process optimization. In the broader context of thermometer market applications, the laboratory sector assumes a central position. Laboratories across diverse scientific domains heavily rely on thermometers for precision temperature measurement, a fundamental requirement for experiments, research endeavors, and quality control protocols.

Thermometers serve as indispensable tools within laboratory settings, ensuring the precision and replicability of scientific investigations. Whether monitoring chemical reactions, conducting biological experiments, or investigating physical phenomena, scientists and researchers place significant reliance on thermometers to acquire dependable temperature data. These instruments play a crucial role in advancing the realms of chemistry, biology, physics, and environmental science, thereby contributing significantly to the pursuit of scientific knowledge. The laboratory application segment underscores the irreplaceable role of thermometers in facilitating precise and regulated temperature conditions, which are essential for fostering breakthroughs in scientific discovery and innovation.

Some of the eminent firms operating in the North America thermometer market are American Diagnostic Corporation, 3M, Medline Industries Inc, A&D Medical, etc.

3M manufactures and distributes industrial products and solutions. The product portfolio includes roofing granules, home care, display materials & systems, closure & masking systems, etc. Also, it offers several solutions for consumer healthcare, oral care, food safety, etc. The company caters to different industries like energy, safety, healthcare, electronics, and automotive. It is headquartered in St. Paul, Minnesota, the United States and has manufacturing and converting facilities in the Middle East & Africa, Europe, the Americas, and Asia-Pacific.

One of its key products, the 3M™ Bair Hugger™ temperature monitoring system, is a non-invasive, easy-to-use, and accurate temperature monitoring system.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($Million)
Segments Analyzed
Product Type and Application
Countries AnalyzedThe United States and Canada
Companies Analyzed3M, A&D Medical, American Diagnostic Corporation, Beurer GmbH, Briggs Healthcare, EASYWELL BIOMEDICALS, Exergen Corporation, FAIRHAVEN HEALTH, Medline Industries Inc, Microlife Corporation, OMRON Healthcare Inc, RG Medical Diagnostics, Terumo Corporation, Welch Allyn

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. INDUSTRIAL SEGMENT IS POISED FOR THE FASTEST GROWTH
      2. GROWING HEALTH CONSCIOUSNESS AND HEALTHCARE COSTS BOOST MARKET GROWTH
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING PREVALENCE OF INFECTIOUS DISEASES
      2. RISING AWARENESS ABOUT BODY TEMPERATURE MONITORING’S IMPORTANCE
      3. TECHNOLOGICAL ADVANCEMENTS
    2. KEY RESTRAINTS
      1. STRINGENT REGULATIONS
      2. INACCURATE READINGS REPORTED BY THERMOMETER
  4. KEY ANALYTICS
    1. PARENT MARKET ANALYSIS
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. RAW MATERIALS
      2. MANUFACTURERS
      3. DISTRIBUTORS
      4. RETAILERS
      5. SALES
    7. KEY BUYING CRITERIA
      1. ACCURACY
      2. EASE OF USE
      3. RELIABILITY AND DURABILITY
      4. SPEED
      5. TYPE OF THERMOMETER
  5. MARKET BY PRODUCT TYPE
    1. MERCURY-FREE THERMOMETERS
      1. DIGITAL THERMOMETER
      2. INFRARED RADIATION THERMOMETER
      3. OTHER MERCURY-FREE THERMOMETER
    2. MERCURY-BASED THERMOMETERS
  6. MARKET BY APPLICATION
    1. MEDICAL
    2. INDUSTRIAL
    3. FOOD
    4. LABORATORY
    5. OTHER APPLICATIONS
  7. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA THERMOMETER MARKET DRIVERS
      3. NORTH AMERICA THERMOMETER MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA THERMOMETER MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES THERMOMETER MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA THERMOMETER MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES & DEVELOPMENTS
      2. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. 3M
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      2. A&D MEDICAL
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      3. AMERICAN DIAGNOSTIC CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      4. BEURER GMBH
        1. COMPANY OVERVIEW
        2. PRODUCTS
      5. BRIGGS HEALTHCARE
        1. COMPANY OVERVIEW
        2. PRODUCTS
      6. EASYWELL BIOMEDICALS
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      7. EXERGEN CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS 
      8. FAIRHAVEN HEALTH
        1. COMPANY OVERVIEW
        2. PRODUCTS
      9. MEDLINE INDUSTRIES INC
        1. COMPANY OVERVIEW
        2. PRODUCTS 
        3. STRENGTHS & CHALLENGES
      10. MICROLIFE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
      11. OMRON HEALTHCARE INC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      12. RG MEDICAL DIAGNOSTICS
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      13. TERUMO CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      14. WELCH ALLYN
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – THERMOMETER

TABLE 2: NORTH AMERICA THERMOMETER MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: NORTH AMERICA THERMOMETER MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: NORTH AMERICA THERMOMETER MARKET, BY MERCURY-FREE THERMOMETER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION) 

TABLE 5: NORTH AMERICA THERMOMETER MARKET, BY MERCURY-FREE THERMOMETER, FORECAST YEARS, 2023-2032 (IN $ MILLION) 

TABLE 6: NORTH AMERICA THERMOMETER MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: NORTH AMERICA THERMOMETER MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: NORTH AMERICA THERMOMETER MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: NORTH AMERICA THERMOMETER MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: NORTH AMERICA THERMOMETER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: NORTH AMERICA THERMOMETER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: KEY PLAYERS OPERATING IN NORTH AMERICA THERMOMETER MARKET

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: NORTH AMERICA THERMOMETER MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022

FIGURE 8: NORTH AMERICA THERMOMETER MARKET, BY MERCURY-FREE THERMOMETERS, 2023-2032 (IN $ MILLION)

FIGURE 9: NORTH AMERICA THERMOMETER MARKET, GROWTH POTENTIAL, BY MERCURY-FREE THERMOMETERS, IN 2022 

FIGURE 10: NORTH AMERICA THERMOMETER MARKET, BY DIGITAL THERMOMETER, 2023-2032 (IN $ MILLION)

FIGURE 11: NORTH AMERICA THERMOMETER MARKET, BY INFRARED RADIATION THERMOMETER, 2023-2032 (IN $ MILLION)

FIGURE 12: NORTH AMERICA THERMOMETER MARKET, BY OTHER MERCURY-FREE THERMOMETER, 2023-2032 (IN $ MILLION)

FIGURE 13: NORTH AMERICA THERMOMETER MARKET, BY MERCURY-BASED THERMOMETERS, 2023-2032 (IN $ MILLION)

FIGURE 14: NORTH AMERICA THERMOMETER MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 15: NORTH AMERICA THERMOMETER MARKET, BY MEDICAL, 2023-2032 (IN $ MILLION)

FIGURE 16: NORTH AMERICA THERMOMETER MARKET, BY INDUSTRIAL, 2023-2032 (IN $ MILLION)

FIGURE 17: NORTH AMERICA THERMOMETER MARKET, BY FOOD, 2023-2032 (IN $ MILLION)

FIGURE 18: NORTH AMERICA THERMOMETER MARKET, BY LABORATORY, 2023-2032 (IN $ MILLION)

FIGURE 19: NORTH AMERICA THERMOMETER MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 20: NORTH AMERICA THERMOMETER MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 21: UNITED STATES THERMOMETER MARKET, 2023-2032 (IN $ MILLION)

FIGURE 22: CANADA THERMOMETER MARKET, 2023-2032 (IN $ MILLION)

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