Thermometer Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030
Thermometer Market: Overview
Thermometers are used in range of applications from medical, industrial, to research areas. The thermometers market has over the past few years made strides and they have become more sophisticated the design as well as functionality. Most popularly, the sales of thermometers have thrived on the back of the widespread use in medical application and the food industry. In recent months, there has been surge in the use of thermometers as a part of precautionary strategy to fight against the spread of novel coronavirus or COVID-19 virus. Contactless temperature measurement in these times have become imperative rather than novelty, spurring the sales of infrared and laser thermometers in the thermometer market. Rise in use of advances temperature measuring equipment in the food and beverages manufacturing units is a key trend in the thermometers market.
The study on the thermometer market presents a detailed assessment of key growth dynamics including trend shaping the demand preferences of various temperature measurement technologies. The research analysts strive the role of regulations on the revenue potential of the market. Further, the study also attempts to present a holistic insight into the ongoing research and development activities and the opportunity in key regions over the forecast period of 2020 – 2030.
Thermometer Market: Key Trends
Rise in indications for the need for temperature monitoring in the medical sector is perhaps one of the most striking trends that have shaped the growth prospects in the thermometers market. Past few decades have witnessed steadily growing application of thermometers by patients, caregivers, and healthcare providers such as clinicians. The growing prevalence of some of the infectious diseases, notably malaria, dengue, and parasitic diseases. Developed nations have especially witnessed the substantial rise in incidence of such diseases, propelling the growth prospect for manufactures of thermometers. However, several parts of the low- and middle-income countries especially characterized by the lack of adequate medical infrastructure has shown an unmet need, thus presenting latent opportunities to manufacturers, retailers, and sellers in the thermometers market.
The role of thermometers in assessing the food safety has also bolstered the prospective application of these in the industry. Thus, there is a growing need for improving the accuracy of thermometers as well as making them user-friendly. The growing population who make self-use of thermometers for measuring temperature in diagnosing the preliminary conditions is also boosting the sales in the thermometers market.
Thermometer Market: Competitive Dynamics and Key Developments
Medical device companies in the thermometers market are leaning on equipping their produts with several intuitive and advanced user features. Some of the frontrunners have integrated the technology with advanced imaging technology and features that tend to make them easy as well as safer to use for pediatrics. Further, some of the top players are focusing on constantly engineering the advances in designs to make them more portable and ergonomics. Top players are tapping into sales avenues in the chemical and biotechnology industries.
Some of the well-entrenched players in the thermometers market are;
Thermometer Market: Regional Assessment
Asia Pacific has emerged as a prominently lucrative region in the global thermometers market. Rising geriatric population and the prevalence of diseases such as malaria and dengue have spurred the demand prospects in the regional market. Continuous advances in the medical infrastructure and health care facilities in several economies across the region has expanded the revenue potential for players in the thermometers market.
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