Rise in number of applications including food preparation, manufacturing, medical & scientific testing & procedures and increase in demand for mercury-free thermometers drive the growth of the global digital thermometer market. Asia-Pacific is contributed to the highest share in terms of revenue in 2021. The outbreak of the COVID-19 pandemic led to have a positive impact on the growth of the global digital thermometer market.
According to the report published by Allied Market Research, the global digital thermometer market generated $757.81 million in 2021, and is projected to reach $1.3 billion by 2031, witnessing a CAGR of 5.6% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
The global digital thermometer market was valued at $757.81 million in 2021, and is projected to reach $1.3 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
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Region-wise, the digital thermometer market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, UK, Russia and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific, specifically the Rest of Asia-Pacific, remains a significant participant in the digital thermometer industry. Major organizations and government institutions in the emerging countries are intensely putting resources into the technology.
TOP IMPACTING FACTORS
Significant factors that impact the digital thermometer market growth industry include an increase in demand for mercury-free thermometers and medical thermometers. Moreover, rise in number of initiatives from government and institutions associated with enhancing medical/healthcare infrastructure at regional and global level to provide boost to the market. However, lack of awareness for the use of digital thermometer in emerging nations is one of the prime factor restraining the market growth. On the contrary, proposed development of government campaigns will offer access in remote areas and emerging nations is expected to provide lucrative opportunities for the growth of the thermopro thermometer and digital room thermometer under digital thermometer market during the forecast period.
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital thermometer market analysis from 2021 to 2031 to identify the prevailing digital thermometer market size.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing digital thermometer market opportunity.
- The current assets monitoring systems for digital thermometer market forecast is quantitatively analyzed to benchmark the financial competency.
- Major countries in each region are mapped according to their revenue contribution to the global digital thermometer industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players for digital thermometer market share.
- The report includes the analysis of the regional as well as global digital thermometer market trends, key players, market segments, application areas, and market outlook.
Digital Thermometer Market Report Highlights
| Aspects | Details |
|---|---|
| By End Use Verticals | ResidentialCommercialIndustrialHealthcareOthers |
| By Product Type | Oral thermometerDigital ear thermometerForehead thermometerApp-based thermometerOthers |
| By Interface | ContactContact free |
| By Sensor Type | ThermistorResistance Temperature DetectorThermocouple |
| By Region | North America (Mexico, U.S., Canada)Europe (France, Germany, Italy, Spain, United Kingdom, Russia, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Rest Of Asia Pacific)LAMEA (Latin America, Middle East, Africa) |
| Key Market Players | a&d medical, omega engineering, Actherm Inc., AMETEK Land, OMRON Healthcare Inc., PCE Holding GmbH, RG Medical Diagnostics, terumo corporation, extech instruments, fairhaven health, llc |
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