Thermometer Market Size, Share & Trends Report

Thermometer Market Size, Share & Trends Analysis Report By Product (Mercury-based, Mercury-free), By Application (Medical, Industrial, Food, Laboratory), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Feb, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-1-68038-420-8
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 110

Report Overview

The global thermometer market size was valued at USD 1.19 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2028. An increase in the prevalence of infectious diseases and other medical conditions, such as malaria and dengue, and the rising awareness about the importance of body temperature monitoring are the major factors expected to drive the market. In addition, increasing applications of such devices in temperature monitoring for industrial, medical, laboratory, and imaging purposes are contributing to the market growth. The increase in several medical conditions, such as malaria, dengue, and swine flu, involving accurate body temperature readings to determine the line of treatment, is a major factor responsible for the market growth.

U.S. thermometer market size, by product, 2016 - 2028 (USD Million)

According to the CDC, around 2,000 cases of malaria are diagnosed in the U.S. every year. In addition, as per the same source, over 15.5 million visits to hospitals are with infectious and parasitic diseases as the primary diagnosis in the U.S. Furthermore, the WHO African region had the highest burden of malaria, accounting for over 200 million cases in 2018, followed by the WHO South-East Asian region and the WHO Mediterranean region. The presence of unmet medical needs, low level of hygiene, and a subsequent rise in the target population in these regions are expected to boost the demand for thermometers.

In addition, increasing health consciousness and rising patient awareness are among the major factors contributing to the market growth. With the growing demand for self-health care, companies such as Nexcare & Terumo Corporation introduced portable products, which are user-friendly and can also be easily adopted by any patient. Moreover, the increasing dependency of healthcare practitioners on the usage of thermometers for checking the health status of patients is expected to boost the market growth. Awareness among other end-users such as pharmaceutical, food, and chemical industries is also increasing. Maintenance of specific temperatures in various stages of product development is an essential requirement in these industries. These factors are estimated to boost the market growth over the forecast period.

Moreover, rapid technological advancements have led to the launch of innovative products, which is anticipated to accelerate market growth during the forecast period. Advancements include the temporal thermometer TAT-2000C by Exergen Corporation, which can be used to measure body temperature by rolling it on a child’s forehead. In addition, American Diagnostics Corporation (ADC) launched the Adtemp 429 thermometer that measures temperature without skin contact, thus minimizing the risk of cross-contamination. Thus, increasing demand for easy-to-use, sensitive, and rapid thermometers is also expected to drive the market. In addition, in the food industry, thermometers are required to check temperatures to avoid contamination and degradation of food and beverages. Companies such as TEL-TRU provide a range of NSF-certified poultry/meat, food testing, and barbeque thermometers. Thus, these thermometers help maintain the quality of temperature-sensitive eatables, thereby boosting the market growth.

The use of thermometers is increasing in countries such as the U.S., the U.K., Italy, and India, owing to the high prevalence rate of infectious diseases, including the current pandemic of COVID-19. Increased body temperature is the first sign that the body is preparing to fight infection, therefore, doctors everywhere make their first assumption about the disease based on thermometer readings. Thus, the spread of highly infectious diseases is resulting in the demand for thermometers in medical settings globally. For instance, according to the CDC, during the 2018 - 2019 season, around 35.5 million individuals were diagnosed with influenza, out of which 16.5 million people visited physicians and 490,600 were hospitalized. Thus, these factors are expected to positively impact the market growth during the forecast period. Similarly, India has a high burden of infectious diseases, such as influenza virus, scrub typhus, malaria, dengue, and Kyasanur Forest Disease (KFD) virus, including the current pandemic of coronavirus. These diseases account for over 80% of illnesses that start with a high fever as per the CDC report. These are the major factors expected to fuel the growth of the market over the forecast period.

Furthermore, the coronavirus outbreak has positively impacted the medical industry with an increased demand for thermometers. This is likely to drive the market during the forecast period. The need for thermal screening at public places, offices, and hospitals has increased the demand for infrared thermometers. Moreover, a ban on the traditional mercury-in-glass thermometers in 13 states of the U.S. is boosting the sale of non-contact thermometers. The government has passed laws banning the manufacture and sale of mercury thermometers. This is to eliminate the threat of glass thermometer breakage and the consequent release of mercury vapor at home, which are environmentally hazardous. This has resulted in the replacement of mercury thermometers with electronic thermometers and increased sales of infrared thermometers.

Product Insights

The mercury-free thermometers segment dominated the market with a share of 62.52% in 2020 and is expected to witness the fastest growth over the forecast period owing to the high adoption and user-friendliness. The segment is further classified into digital thermometers, infrared radiation thermometers, and others. The adoption of mercury-free thermometers, such as IR radiation thermometers and digital thermometers, is anticipated to increase as they provide more accurate readings and are not associated with the environmental hazards of mercury. On the basis of product, the market is segmented into mercury-based thermometers and mercury-free thermometers.

Mercury-based thermometers such as liquid-in-glass thermometers are easy-to-use thermometers that are employed in laboratories. However, since 2001, almost 20 states have banned the use of mercury-based thermometers, especially for medical use, due to the poisonous effects of mercury. More stringent regulations on the use of these devices are expected to be implemented in the coming years, limiting the use of mercury-based thermometers in various fields. For instance, Analytical Technology and Control Limited will stop supplying customers with ASTM-approved mercury-in-glass thermometers and instead will supply spirit-filled thermometers to their customers.

Application Insights

The medical segment including hospitals, clinics, and primary healthcare centers dominated the market with a share of 28.53% in 2020. This can be attributed to the presence of well-established healthcare infrastructure and the high incidence of diseases requiring body temperature assessment. One of the major reasons for the growth of this segment is technological advancements in thermometers. For instance, the Instant Read Digital Ear thermometer of A&D Company Limited markets a thermometer with a one-button operation and it has 10 memory recalls. It aids in easy measurements in 1 second and has an LCD display. Based on application, the market is segmented into medical, industrial, food, laboratory, and others.

Germany thermometer market share, by application, 2020 (%)

The industrial application segment is expected to witness lucrative growth over the forecast period as pharmaceuticals, chemical, and biotechnology companies require specific temperature maintenance during various stages of product development. Industrial thermometers are selected depending upon their type, size, configurations, display options, features, applications, and operating environments. Moreover, the presence of key players such as Microtemp electrics Co., Ltd.; Endress+Hauser Management AG; and LumaSense Technologies, Inc. is expected to aid overall market growth. These factors are anticipated to boost the segment growth during the forecast period.

Regional Insights

North America dominated the market with a share of 34.45% in 2020. The growing geriatric population and higher healthcare expenditure are some of the key factors contributing to the market growth. Healthcare camps and initiatives undertaken by government organizations, such as the WHO and the NIH, for spreading awareness about infectious diseases and helping maintain better health status are anticipated to further boost the market growth. For instance, body temperature monitoring is the new norm for coronavirus infection screening until a vaccine is ready. As community spread begins in most countries worldwide, including the U.S., over the counter sales of thermometers in the consumer market are rising. In addition, well-established healthcare infrastructure in North America and increasing demand for disposable thermometers are expected to drive the market.

Asia Pacific is expected to expand at the highest CAGR of 8.9% from 2021 to 2028. The presence of high unmet medical needs, the increasing prevalence of target diseases, including malaria, dengue, and swine flu, and growing patient awareness about the same in the region are some of the key factors contributing to its lucrative growth. According to the World Malaria Report 2018, around 94% of the Indian population is at risk of acquiring malaria. Moreover, economic growth in various countries of Asia Pacific, especially in Japan and China, is expected to propel market growth. Increasing demand for self-health care products and healthcare establishments catering to the elderly is also expected to drive the market over the forecast period.

Key Companies & Market Share Insights

Companies are taking up key strategic initiatives, such as the development of new products and mergers & acquisitions, to cater to the growing needs of the consumers. For instance, in November 2018, Briggs Healthcare acquired Selman-Holman & Associates, a service consulting firm, to expand its education and compliance solutions for the home health industry.

Furthermore, the introduction of cost-effective and innovative alternatives is a key strategy implemented by the major players to gain maximum share and survive in the competitive market. Moreover, the companies are expanding geographically to cater to the untapped markets of thermometers, along with many acquisitions. For instance, in January 2019, Exergen Corporation introduced PEKO thermal dynamic management solution. This solution will allow manufacturers to safely increase their industrial processes while ensuring processing temperatures to be safely within the mentioned specifications. Thus, such initiatives are expected to boost the company’s market revenue during the forecast period. Some prominent players in the global thermometer market include:

  • Medline Industries, Inc.

  • 3M

  • Welch Allyn

  • American Diagnostics Corporation

  • A&D Medical

  • Exergen Corporation

  • Microlife Corporation

  • RG Medical Diagnostics

  • Medtronic

  • Terumo Corporation

  • Actherm Inc.

  • Briggs Healthcare

  • OMRON Healthcare Inc.

  • Fairhaven Health

Thermometer Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 1.32 billion

Revenue forecast in 2028

USD 2.34 billion

Growth Rate

CAGR of 8.5% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; Japan; China; India; Brazil; Mexico; South Africa

Key companies profiled

Medline Industries, Inc.; A&D Company, Limited; American Diagnostic Corporation; Actherm, Inc.; Briggs Healthcare; Exergen Corporation; 3M; Microlife Corporation; OMRON Health Inc.; Medtronic; RG Medical Diagnostics; Fairhaven Health; Terumo Corporation; Welch Allyn Inc.

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global thermometer market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2028)

    • Mercury-based Thermometers

    • Mercury-free Thermometers

      • Digital Thermometers

      • Infrared Radiation Thermometers

      • Others

  • Application Outlook (Revenue, USD Million, 2016 - 2028)

    • Medical

    • Industrial

    • Food

    • Laboratory

    • Others

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa (MEA)

      • South Africa

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