Thermometer Market Top Companies are 3M, Welch Allyn, and Medline Industries, Inc.

Thermometer Industry Overview

The global thermometer market size is anticipated to reach USD 2.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.7% from 2022 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.

Thermometer Market Segmentation

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

Based on the Product Insights, the market is segmented into Mercury-based Thermometers and Mercury-free Thermometers

• The mercury- free thermometers segment has dominated the market and accounted for revenue share of 64.2% in 2021 which can be attributed to high adoption and user-friendliness.
• In addition, mercury-free thermometers are also expected to witness significant growth at a CAGR of 11.3% by 2030. It is further segmented into digital thermometers, infrared radiation thermometers, and others.

Based on the Application Insights, the market is segmented into Medical, Industrial, Food, Laboratory, and Others

• The medical thermometer application dominated the market and accounted for revenue share of 28.4% in 2021. The segment includes hospital, clinics, and primary healthcare centers.
• This can be attributed to presence of well-established healthcare infrastructure and high incidence of diseases requiring body temperature assessment.
• One of the major reasons for the growth of this segment is technological advancements in thermometers.
• Whereas, the industrial application segment is expected to show lucrative growth over the forecast period as pharmaceuticals, chemical, and biotechnology companies require specific temperature maintenance during various stages of product development.

Thermometer Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Key strategic initiatives of these companies involve development of new products, and mergers and acquisitions to cater to the growing needs of the consumer. For instance, in November 2018, Briggs Healthcare acquired Selman-Holman and Associates, a service consulting firm, to expand its education and compliance solutions for home health industry. Furthermore, introduction of cost-effective and innovative alternatives are the key strategies implemented by the major players to gain maximum share and survive competition in the market. Moreover, the companies are expanding geographically to cater to the untapped market of thermometer 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 safely be 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
• America Diagnostics Corporation
• A&D Medical
• Exergen Corporation
• Microlife Corporation
• RG Medical Diagnostics
• Medtronic
• Terumo Corporation
• Actherm Inc.
• Briggs Healthcare
• OMRON Healthcare Inc.

Order a free sample PDF of the Thermometer Market Intelligence Study, published by Grand View Research.

Thermometer Market Top Companies are Medline Industries, Inc. and A&D Medical

Thermometer Industry Overview

The global thermometer market size was valued at USD 1.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2030. Increase in the prevalence of infectious diseases and other medical conditions such as malaria and dengue, as well as 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 few other factors contributing towards market growth.

The increase in several medical conditions such as, malaria, dengue, and swine flu involve accurate body temperature readings to determine the line of treatment, is a major factor responsible for the market growth. 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 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. Presence of unmet medical needs, low level of hygiene, and subsequent rise in target population in these regions are expected to boost demand for thermometers.

Gather more insights about the market drivers, restraints, and growth of the Global Thermometer Market

Moreover, rapid technological advancements has led to the launch of innovative product launch, which is anticipated to accelerate market growth during the forecast period. Advancements include 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 launched 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 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, thus boosting market growth.

Furthermore, 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, ban of traditional mercury in-glass thermometers in 13 states of the U.S., are boosting the sale of non-contact thermometer. The government has passed the laws for 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. Thus, replacement of mercury thermometers with electronic thermometers, and increased sales of infrared thermometers.

Post COVID-19, technology will emerge to generate new growth prospects. A notable invention that has already hit the market is a next-generation, smart infrared thermometer developed in Taiwan that is integrated with artificial intelligence (AI) to eliminate erroneous readings. The device's AI capability allows it to estimate temperatures by identifying people's faces. This minimizes errors caused by interference from radiation emitted by objects held in a person's hand while being screened. 

Browse through Grand View Research's Medical Devices Industry Research Reports.

Non-contact Infrared Thermometer Market - The global non-contact infrared thermometer market size was valued at USD 380.84 million in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 12.42% from 2022 to 2030.

Patient Temperature Management Market - The global patient temperature management market size was valued at USD 3.2 billion in 2021 and is expected to expand at compounded annual growth rate (CAGR) of 8.8% from 2022 to 2030.

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

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

• Medical
• Industrial
• Food
• Laboratory
• Others

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

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)

Market Share Insights

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 safely be within the mentioned specifications.

November 2018: Briggs Healthcare acquired Selman-Holman and Associates, a service consulting firm, to expand its education and compliance solutions for home health industry.

Key Companies profiled:

Some prominent players in the thermometer market include:

• Medline Industries, Inc.
• 3M
• Welch Allyn
• America Diagnostics Corporation
• A&D Medical
• Exergen Corporation
• Microlife Corporation
• RG Medical Diagnostics
• Medtronic
• Terumo Corporation
• Actherm Inc.
• Briggs Healthcare
• OMRON Healthcare Inc.
• Fairhaven Health

Order a free sample PDF of the Thermometer Market Intelligence Study, published by Grand View Research.