According to the report published by Allied Market Research, titled, “Digital Thermometer Market by Product Type (Oral thermometer, Digital ear thermometer, Forehead thermometer, App-based thermometer, Others), by Interface (Contact, Contact free), by Sensor Type (Resistance Temperature Detector, Thermocouple, Thermistor), by End Use Verticals (Residential, Commercial, Industrial, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031”, the global digital thermometer market generated $757.8 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.
Leading players of the global digital thermometer market analyzed in the research include A&D Medical (A&D Company, Limited), Actherm Inc. (FORTECHGRP CO., LTD.), AMETEK Land (Land Instruments International Ltd), EXTECH (Teledyne FLIR), Fairhaven Health, Omega Engineering Inc. (Spectris plc), OMRON Healthcare Inc., PCE Holding GmbH, RG Medical Diagnostics and Terumo Corporation.
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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. Moreover, the mounting adoption rate of digital infrastructure backed by technological development is expected to generate potential opportunities for the market during the forecast period.
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.
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The report offers detailed segmentation of the global digital thermometer market based product type, sensor type, end use, interface, and region.
Based on end use verticals, the healthcare segment held the highest market share in 2021, holding nearly two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the residential segment is estimated to register the highest CAGR of 6.2% from 2022 to 2031.
Based on interface, the contact free segment held the largest market share in 2021, holding nearly one-third of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 6.5% from 2022 to 2031.
Based on region, Asia-Pacific is contributed to the highest share in terms of revenue in 2021, holding more than one-third of the total market share, and is estimated to continue its dominant share by 2031. Moreover, the same region is projected to manifest the fastest CAGR of 5.9% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
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Digital Thermometer Market Report Highlights
By End Use Verticals
• Residential
• Commercial
• Industrial
• Healthcare
• Others
By Product Type
• Oral thermometer
• Digital ear thermometer
• Forehead thermometer
• App-based thermometer
• Others
By Interface
• Contact
• Contact free
By Sensor Type
• Thermistor
• Resistance Temperature Detector
• Thermocouple