Thermometer Market Size To Reach $3.0 Billion By 2030

Thermometer Market Growth & Trends

The global thermometer market size is anticipated to reach USD 3.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.2% from 2024 to 2030. Increase in demand for accurate medical devices and requirement of specific temperature conditions influences market growth. Rising cases of medical ailments involving accurate measurement of body temperature for the treatment planning, and requirement of specific temperature conditions in various industries is likely to heighten demand for thermometers during the forecast period. Rise in health consciousness coupled with increase in healthcare expenditure is also anticipated to fuel market growth further in coming decade.

Increasing prevalence of target diseases such as malaria, dengue, typhoid, and swine flu, which causes fever, is anticipated to be a high impact rendering driver of market. Malaria is one of the most fatal diseases and is one of the leading causes of death globally. According to the World Malaria Report 2019, an estimated 229 million cases of malaria were observed in 2019 globally. Furthermore, rapid technological advancements in temperature monitoring devices are also increasing the acceptance of these devices by people. For instance, in 2018, Optics developed advanced version of its compact infrared thermometers, which improved their speed and flexibility for industrial use. This is expected to boost the market growth during the forecast period.

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Thermometer Market Report Highlights

• The mercury-free thermometers segment led the market in 2023 with the largest revenue share of 69.1% and is anticipated to grow at the fastest CAGR of 10.5% during the forecast period.

• The medical segment led the market with the largest revenue share of 28.1% in 2023. This can be attributed to presence of well-established healthcare infrastructure and high incidence of diseases requiring body temperature assessment.

• North America dominated the market with a revenue share of 34.4% in 2023. Growing geriatric population and higher healthcare expenditure are some of the key contributing factors.

Thermometer Market Segmentation

Grand View Research has segmented the global thermometer market on the basis of product, application, and region:

Thermometer Product Outlook (Revenue, USD Million, 2018 - 2030)

• Mercury-based Thermometers

• Mercury-free Thermometers

  • Infrared Radiation Thermometer

  • Digital Thermometer

  • Others

Thermometer Application Outlook (Revenue, USD Million, 2018 - 2030)

• Medical

• Industrial

• Food

• Laboratory

• Others

Thermometer Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

  • Colombia

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

 List of Key Players in Thermometer Market

• Medline Industries, Inc.

• Welch Allyn

• Medtronic

• OMRON Corporation

• America Diagnostics Corporation

• 3M Company

• Microlife Corporation

• Briggs Healthcare

• Exergen Corporation

• Terumo Corporation