Thermometer Market Analysis, Size, Growth, Share, Outlook & Forecast to 2025
The global thermometer market size is expected to reach a value of USD 1.5 billion by 2025, based on a new report by Grand View Research, Inc. The growing number of medical conditions requiring accurate measurement of body temperature for deciding the treatment options is expected to enhance demand for thermometers over the forecast period. High prevalence of diseases such as malaria, swine flu, and dengue, which can be diagnosed primarily by observing body temperature is estimated to provide potential growth opportunities for this market in developing countries. In addition, the requirement for maintenance of an environment of specific temperature in various industries such as food, chemicals, and pharmaceuticals is another high rendering driver resulting in increasing demand for digital and infrared temperature measuring devices. The development of devices with technological advancements for accurately measuring minute temperature differences is expected to be a growth booster for this industry. For instance, the Exergen TAT-2000C can be used to measure body temperature by just rolling the device tip over the child’s forehead. Thermometer Market Report Highlights 
The mercury-based thermometers segment dominated the overall market in 2016 in terms of revenue share owing to factors such as growing demand for accuracy in temperature measurement and ease in handling
Digital thermometers held more than one-third of the thermometer market share in 2016 in the mercury-free segment due to benefits such as cost-effectiveness, easier analysis of temperature to a tenth of a degree, and beep indication after temperature fluctuations
Other types of mercury-free thermometers such as disposable ones, temperature strips, and gas thermometers are expected to be fastest growing and are collectively expected to grow at a lucrative CAGR
In term of applications, medical fields including hospital, clinics, and primary healthcare centers dominated the overall market in terms of revenue share as of 2016
On the other hand, the industrial application segment is expected to showcase lucrative growth over the forecast period as pharmaceutical, chemical, and biotechnology industries require specific temperature maintenance during various stages of product development
To avoid contamination and degradation of food & beverages and retain the quality of temperature-sensitive eatables, maintenance of a specific temperature is required. Thus, thermometers have applications in the food industry too
The increasing number of health-conscious consumers established healthcare infrastructure, and increasing demand for disposable thermometers are the key factors attributing for highest revenue generation of the North American region
The Asia Pacific regional market is expected to register significant growth over the forecast period with CAGR of 8.3% owing to emerging economies, growing base of the target population, and growing concern for personal health
Some of the key players in this industry include Exergen Corporation, Omron Healthcare, Inc.; TERUMO CORPORATION, Citizen Systems, 3M (Nexcare), Innovo Medical, RADIANT INNOVATION INC., Good Neighbor Pharmacy, and Fairhaven Health, LLC.
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Thermometer Market Segmentation Grand View Research has segmented the global thermometer market by product, applications, and region: Thermometer Product Outlook (Revenue, USD Million, 2014 - 2025)
Mercury-Based
Mercury-Free
o
Infra-Red Radiation Thermometer
o
Digital Thermometer
o
Others
Thermometer Application Outlook (Revenue, USD Million, 2014 - 2025)
Medical
Industrial
Food
Laboratory
Others
Thermometer Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America o
The U.S.
o
Canada
Europe o
Germany
o
The U.K.
Asia Pacific o
China
o
Japan
Latin America o
Mexico
o
Brazil
MEA o
South Africa
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Table of Content Chapter 1 Research Methodology & Scope 1.1 Information Procurement 1.1.1 Purchased database: 1.1.2 GVR’s internal database 1.2 Research Methodology 1.3 Geographic scope & Assumptions 1.4 Region-wise Market Calculation 1.4.1 Region-wise market: Base estimates 1.4.2 Global market: CAGR calculation 1.5 Region-based Segment Share Calculation 1.6 List of Secondary Sources Chapter 2 Executive Summary
2.1 Market Snapshot Chapter 3 Thermometer Market Variables, Trends & Scope 3.1 Market Segmentation & Scope 3.1.1 Market driver analysis 3.1.1.1 Growing demand for self-health care and enduser awareness 3.1.1.2 Growing prevalence of target diseases 3.1.1.3 Rapid technological advancements 3.1.2 Market restraint analysis 3.1.2.1 Mercury pollution 3.2 Penetration & Growth Prospect Mapping 3.3 Thermometer- SWOT Analysis, By Factor (Political & Legal, Economic, And Technological) 3.4 Industry Analysis - Porter’s Continue……… About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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