Market Overview

The market for Thermometer was valued at approximately USD 1.7 Billion in 2023. Over the course of the forecast period (2024–2031), the market is expected to develop at a compound annual growth rate (CAGR) of 8.2%, reaching a value of USD 3.18 Billion by 2031.

Increasingly common viral diseases and illnesses including dengue and malaria, along with growing public knowledge of the value of body temperature monitoring, are the main reasons anticipated to propel the market. Further driving the market's expansion are the growing number of uses for these devices in temperature monitoring for industrial, laboratory, and medical applications as well as imaging. For example, according according to the Centers for Disease Control and Prevention (CDC), there are about 2,000 cases of malaria reported in the United States annually. Furthermore, nearly half of the world's population is at danger of contracting malaria, according to figures by the World Health Assembly (WHO) for 2022. Remarkably, 96% of deaths due to malaria globally originate from the WHO African Region, which also accounts for 95% of global malaria incidence. This highlights the vital role that temperature-monitoring devices play in tackling global health issues.

Furthermore, one of the main drivers of the market's expansion is the rise in patient knowledge and health consciousness. Companies like Terumo Corporation and Nexcare produced portable goods in response to the increased need for self-healthcare. These products are user-friendly and easily adoptable by any patient. Furthermore, it is anticipated that the market would grow as medical professionals become more reliant on thermometers to assess patients' health. There is a growing awareness among various end users, including the food, chemical, and pharmaceutical industries. In many sectors, maintaining precise temperatures at different phases of product development is crucial. Throughout the projected period, these factors are expected to accelerate market growth.

In addition, the quick development of technology has resulted in the introduction of novel products, which is expected to spur market expansion over the course of the projection period. One example of such advancement is the Exergen Corporation's TAT-2000C temporal thermometer, which measures body temperature by rolling it across a child's forehead. Furthermore, the Adtemp 429 thermometer from American Diagnostics Corporation minimizes the possibility of cross-contamination by measuring temperature without coming into touch with skin. Consequently, it is anticipated that the market would be driven by a growing need for quick, accurate, and sensitive thermometers. Furthermore, thermometers are used in the food business to monitor temperatures in order to prevent food and drink contamination and deterioration. A variety of NSF-certified poultry/meat, food testing, and barbecue thermometers are offered by businesses like TEL-TRU. Thus, by preserving the quality of food items that are temperature-sensitive, these thermometers contribute to the expansion of the market.

In addition, the coronavirus pandemic has helped the medical sector by driving up demand for thermometers. Throughout the projected period, this is probably going to drive the market. The need for infrared thermometers has surged due to the requirement for thermal screening in public spaces, workplaces, and medical facilities.

The market has undergone significant changes in recent times due to technical improvements, regulatory interventions, and increased emphasis on environmental well-being. Mercury thermometers were originally widely used in many different industries due to their accuracy in measuring temperature, but worries over their negative effects on the environment and human health have prompted a global campaign to phase them out. Nonetheless, strong action has been taken by governments and regulatory agencies across the globe to enforce stringent prohibitions on the use and manufacture of mercury-containing equipment, such as thermometers.

Market Dynamics:

Market Drivers:

Increasing Demand for Temperature Monitoring in Healthcare

• The growing need for temperature surveillance in medical facilities is driving the thermometer market. In order to measure body temperature, which serves as a vital sign of health and can be used to diagnose fever, infections, and various other medical disorders, thermometers are necessary medical equipment. The emphasis on preventing infections, avoiding illness, and patient safety by the global healthcare movement has led to a growing demand for reliable and accurate temperature measurement technology in clinics, hospitals, and other healthcare facilities. Thermometers are essential tools for identifying possible health problems, monitoring body temperature after illness or surgery, and screening individuals for fever symptoms. Healthcare providers and customers are looking for sophisticated and dependable thermometer solutions to assist medical diagnosis and patient care, which is driving growth in the thermometer market.

Growing Adoption of Infrared Thermometers for Non-Contact Temperature Measurement

• The market for thermometers is driven by the increasing use of infrared temperatures for non-contact temperature monitoring. Often referred to as contactless or lasers thermometers, infrared thermometers use technology to measure heat without coming into physical touch with the object or person being monitored.  They also have the advantage of being quick to measure, easy to clean, and having a low chance of cross-contamination. The need for infrared thermometers has increased because to the ongoing COVID-19 epidemic and the requirement for non-contact temperature screening in public areas, which is propelling market expansion in the thermometer industry. Furthermore, the growing use of infrared thermostats for temperature measurement requirements across various sectors and industries is facilitated by improvements in accuracy, affordability, and infrared technology breakthroughs.

Market Trends:​

Increasing Demand for Smart Thermometers

• The growing need for smart thermometers with sophisticated features and connection. Smart thermometers provide simplicity, real-time data tracking, and trend analysis by enabling users to remotely monitor temperature readings via smartphone apps or other digital platforms. These thermometers are well-liked by families, caregivers, and medical professionals since they frequently include extra features like fever alarms, temperature history recordings, and connectivity with health tracking applications. The COVID-19 pandemic has led to an increased focus on wellness and health monitoring, which has increased demand in smart thermometers with improved temperature monitoring and management features.

Growing Adoption of Temperature Monitoring Solutions for COVID-19 Prevention

• The market for thermometers is growing as more and more COVID-19 prevention and control techniques use temperature monitoring systems. In order to detect people who may be experiencing fever symptoms, which are frequently indicative of COVID-19 infection, screening for temperature has become an essential component of public health measures. An increasing need exists for thermometers and temperature monitoring equipment that can detect temperature quickly, accurately, and non-invasively as more establishments, including schools, airlines, healthcare facilities, and corporations, are implementing temperature screening procedures to slow the virus's spread. Specialized temperature screening tools, like infrared thermometers & thermal imaging cameras, have been developed as a result of this trend specifically for COVID-19 screening applications. With an emphasis on features like precision, speed, and scalability to satisfy the changing needs of pandemic response activities, the Thermometer Market is growing and innovating due to the widespread adoption of thermometer monitoring technologies for COVID-19 prevention.

Market Restraining Factors:

Effect of extremely high outside temperatures

• Thermometers can also be harmed by vibration and very hot or cold surroundings. They could both change the reading on the dial. The best course of action is to keep thermometers out of any place where any one of these two elements is highly concentrated. It is not always easy to prevent situations like this in an industrial context, though. Thus, there's a chance that this element will prevent the market from growing as predicted in the long run.

Key Industry Developments:

• In November 2023, The CHEF iQ is a wireless smart thermometer that has a hub to store and charge two or three ultra-thin probes.
• In June 2022. At the medical expo in Mumbai, India, Exergen Corporation debuted the TAT-2000C for customers and the TAT-2000 for professionals.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Thermometer Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Thermometer Market Players Analysis:

• Medline Industries, Inc.
• Welch Allyn
• Medtronic
• OMRON Corporation
• America Diagnostics Corporation
• 3M Company
• Microlife Corporation
• Briggs Healthcare
• Exergen Corporation
• Terumo Corporation

Thermometer Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2024-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Thermometer Market Segmentation Analysis:

By Product

• Mercury-based Thermometers
• Mercury-free Thermometers

By Application

• Medical
• Industrial
• Food
• Laboratory
• Others

The report also helps in understanding Global Thermometer Market dynamics, structure by analyzing the market segments, and project the Global Thermometer Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Thermometer Market make the report investor’s guide.

Segmentation Analysis:

The market is divided into Categorised based on By Product, By Application.

By Product

Based on the Product of the market is Categorised into Mercury-based Thermometers, Mercury-free Thermometers.

The mercury-free thermometer segment led the market in 2023 with a 69.1% revenue share, and it is anticipated to increase at the fastest compound annual growth rate (CAGR) of 10.5% all over the course of the forecast period. Digital thermometers, infrared radiation thermometers, and other kinds are further separated in the market. The use of mercury-free thermometers, such as digital and infrared thermometers, is predicted to rise substantially since they provide more precise readings and don't harm the environment.

Mercury-based thermometers, on the other hand, are used in laboratories and are simple to use. However, due to mercury's toxic properties, nearly 20 states have outlawed its usage since 2001, particularly for medical purposes. In the upcoming years, stricter laws governing the use of these instruments are anticipated to be put into place, restricting the application of mercury-based thermometers in a variety of industries. Analytical Technology and Control Limited (ATCT), for example, will no longer provide its clients with ASTM-approved mercury-based thermometers; instead, they will provide their clients with spirit-filled thermometers.

By Application

Based on the End-use of the market is segmented into Medical, Industrial, Food, Laboratory, Others.

In 2023, the medical segment commanded the highest revenue share of 28.1%, leading the market. This is explained by the existence of a firmly organized healthcare system and the high prevalence of illnesses that call for taking a body temperature reading. Developments in thermometer technology are a primary factor in this market's expansion. For example, A&D Company, Limited's Instant Read Digital Ear thermometer is available with 10 memory recalls and a single button for operation. With its LCD display, it facilitates simple measurements in just one second.

The pharmaceutical, chemical, & biotechnology industries require accurate temperature control at various stages of product development, which is why the industrial category is expected to increase at a significant rate of 8.6% over the projected period. The selection of industrial thermometers is influenced by various factors such as type, size, configurations, display options, features, applications, and operational settings. Moreover, the presence of significant firms such as LumaSense Technologies, Inc., Endress+Hauser Management AG, and Microtemp Electrics Co., Ltd. is expected to bolster the overall market advancement. These factors should quicken the segment's growth during the anticipated period.

Regional Snapshots:

By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. In 2023, North America held a 34.4% revenue share, leading the market. Among the main contributing reasons are an aging population and rising healthcare costs. The government's campaigns to raise public awareness of infectious diseases and promote improved health are expected to accelerate market growth in addition to healthcare camps. Additionally, the existence of significant key players like 3M, Medline Industries, Welch Allyn, Inc., America Diagnostics Corporation, and A&D Medical, as well as the availability of technologically improved goods, are driving the market's expansion.

The Asia Pacific market is predicted to grow at a significant rate of compound annual growth (CAGR) during the forecast period. The robust growth potential in this area to satisfy the unfulfilled aspirations of the target demographic explains this increase. across addition, the market is growing as a result of rising incidence of chronic illnesses and rising demand for advanced thermometers across Asia, especially in India. China and Japan are home to large populations of elderly individuals who are more prone to chronic ailments. Chronic sickness is more common in the aging population, which is expected to drive up demand for thermometers in the Asia Pacific area.

Thermometer Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.

The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Thermometer Market valued?
• Which region has the largest share in 2023 for the global Thermometer Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Thermometer Market

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2031
• Representation of Market revenue in USD Million

Thermometer Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: