Europe Thermometer Market Forecast 2023-2032

Europe Thermometer Market Forecast 2023-2032

KEY FINDINGS
The Europe thermometer market is expected to project a CAGR of 7.12% during the forecast period, 2023-2032. Numerous European nations, such as the United Kingdom, Germany, Italy, and Poland, possess robust manufacturing industries where precise temperature measurement plays a crucial role in ensuring quality control and safety. This necessity fuels the demand for industrial thermometers.

MARKET INSIGHTS
Belgium, Poland, Spain France, Italy, Germany, the United Kingdom, and Rest of Europe are evaluated for the Europe thermometer market growth assessment. The aging of the German population is evident, with 23 million individuals falling within the 40-59-year-old age bracket, making it the largest demographic group in Germany according to the latest 2022 statistics. Subsequently, the second-largest age group consists of those aged 65 years and older, numbering 18.66 million people. This demographic shift is resulting in a growing need for thermometers to aid in diagnosing and treating chronic illnesses among the elderly population. Furthermore, the prevalence of chronic conditions like diabetes, hypertension, and heart disease is on the rise in Germany, contributing to an increased demand for thermometers for the purposes of diagnosing and monitoring these health issues.

Further, the thermometer market in Italy is experiencing consistent growth, driven by growing health concerns, particularly in light of the 23.7 million Italians who had chronic diseases in 2021. Italy's medical equipment and supplies sector, the fourth-largest in Europe, comprises approximately 3,957 companies, including distributors, manufacturers, and service providers.

Notably, the demand for thermometers in Italy is strong among public hospitals, which account for over 75% of medical device purchases. Additionally, the private sector, consisting of healthcare institutions and individuals, is making a significant contribution to the market's expansion. As awareness of health increases, thermometers have become a crucial tool for health monitoring, leading to heightened.

COMPETITIVE INSIGHTS
Some of the key companies in the market are Beurer GmbH, EASYWELL BIOMEDICALS, Briggs Healthcare, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

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