Demand for Thermometer and Impact of COVID-19……..



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. 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.
Ever since the outbreak of the novel coronavirus (COVID-19) pandemic, the demand for non-contact infra-red thermometers for body temperature routine check has witnessed a tremendous surge. The emergence of smart thermometers used in tracking the spreading fevers helps in observing the pandemic level. Kinsa, a healthtech company has a network of smart thermometers in the U.S. We are working to account for this surge in our estimates. The updated report will account for Covid-19 as a key market contributor.
In addition, 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. 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.
Some of the key players of this industry include A&D Medical (LifeSource); Opto Circuits (India) Limited; Exergen Corporation; Microlife Corporation; Omron Healthcare, Inc.; RADIANT INNOVATION INC.; Geratherm Medical AG; TERUMO CORPORATION; Citizen Systems; and Welch Allyn. Introduction of innovative and cost-effective alternatives are the key strategies implemented by the key players to survive competition and gain maximum share.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/thermometer-market/request/rs2
Further Key Findings from the Study Suggest:
·         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
·         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 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.
Moreover, cost-effective and accurate alternatives are available for mercury-based thermometers. Increasing demand for disposable thermometers and availability of technologically advanced products such as basal thermometers that can provide accurate readings within 1/10th of a degree and resistance thermometers that can measure the temperatures as high as 1,000 degrees are estimated to boost thermometer market growth.
There has been a gradual increase in the adoption of mercury-free temperature monitoring devices worldwide over the past few years. The United States Environmental Protection Agency is involved in spreading awareness about the harmful effects of mercury in the environment through various initiatives such as the mercury pollution prevention program, which is fueling the higher adoption for newer range of mercury-free temperature monitoring devices.
The thermometer industry is estimated to grow over the forecast period mainly due to increasing applications for temperature control in various fields. The market comprises various types of temperature monitoring devices such as mercury-based and mercury-free.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-thermometer-market
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
About Grand View Research
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.






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