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A16575 | Pages: 280 | Charts: 65 | Tables: 178 |
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.
A digital thermometer is a temperature measuring device. A digital thermometer is used to verify a smart temperature transmitter under flowing conditions and a successful calibration of the smart temperature transmitter. Further, digital thermometers are used in industry and in home, in applications including food preparation, manufacturing, medical & scientific testing and procedures. In addition, increase in demand for mercury-free thermometers drives the growth of the market during the forecast period.
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Digital thermometers rely on the principle that the electrical resistance of metal changes with temperature. Moreover, the mounting adoption rate of digital infrastructure backed by technological development facilitates numerous digital thermometer market outlook during the forecast period.
The digital thermometer market is segmented into End Use Verticals, Product Type, Interface, and Sensor Type.
[ENDUSEVERTICALSGRAPH]
By end user verticals, the market is segmented into residential, commercial, industrial, healthcare, and others.
[PRODUCTTYPEGRAPH]
On the basis of product type, the market is fragmented into oral thermometer, digital ear thermometer, forehead thermometer, app-based thermometer, and others.
[INTERFACEGRAPH]
By interface, it is divided into contact and contact free.
[SENSORTYPEGRAPH]
By sensor type, the market is categorized into resistance temperature detector, thermocouple, and thermistor.
[REGIONGRAPH]
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.
COMPETITION ANALYSIS
Competitive analysis and profiles of the major digital thermometer market players, such as 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 are provided in this report.
Key Market Segments
Key Market Players