North America Thermometer Market Forecast 2023-2032
KEY FINDINGS
The North America thermometer market is expected to project a CAGR of 6.83% during the forecast period, 2023-2032. Ongoing technological advancements, such as the integration of smart features and wireless connectivity, have expanded the capabilities and convenience of thermometers, making them more appealing to consumers.
MARKET INSIGHTS
Canada and the United States are analyzed for the North America thermometer market growth assessment. The thermometer industry in Canada is experiencing notable advancements and expansion, driven by various factors and the healthcare landscape within the country. A primary catalyst for this growth is the robust Canadian healthcare sector, characterized by substantial expenditures and an increasing rate of hospitalizations. According to the Canadian Institute for Health Information, it is projected that in 2022, Canada will spend an impressive $331 billion on healthcare, equating to an average expenditure of $8,563 per Canadian citizen. This expenditure is expected to account for 12.2% of Canada's Gross Domestic Product (GDP) in 2022, demonstrating a significant financial commitment to healthcare services.
Further, the rising number of acute inpatient hospitalizations, which exceeded 2.9 million in 2021–2022, compared to 2.7 million the previous year, highlights the growing demand for precise temperature measurement devices within the healthcare system. Thermometers play a crucial role in monitoring patients' well-being, aiding in the early detection and management of various diseases, including infectious ones like malaria.
COMPETITIVE INSIGHTS
Some of the leading companies in the market are A&D Medical, 3M, Medline Industries Inc, 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
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.5. Major Market Findings
- 2.5.1. Industrial Segment Is Poised For The Fastest Growth
- 2.5.2. Growing Health Consciousness And Healthcare Costs Boost Market Growth
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growing Prevalence Of Infectious Diseases
- 3.1.2. Rising Awareness About Body Temperature Monitoring’s Importance
- 3.1.3. Technological Advancements
- 3.2. Key Restraints
- 3.2.1. Stringent Regulations
- 3.2.2. Inaccurate Readings Reported By Thermometer
- 4. Key Analytics
- 4.1. Parent Market Analysis
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Growth Prospect Mapping
- 4.5. Market Concentration Analysis
- 4.6. Value Chain Analysis
- 4.6.1. Raw Materials
- 4.6.2. Manufacturers
- 4.6.3. Distributors
- 4.6.4. Retailers
- 4.6.5. Sales
- 4.7. Key Buying Criteria
- 4.7.1. Accuracy
- 4.7.2. Ease Of Use
- 4.7.3. Reliability And Durability
- 4.7.4. Speed
- 4.7.5. Type Of Thermometer
- 5. Market By Product Type
- 5.1. Mercury-free Thermometers
- 5.1.1. Digital Thermometer
- 5.1.2. Infrared Radiation Thermometer
- 5.1.3. Other Mercury-free Thermometer
- 5.2. Mercury-based Thermometers
- 6. Market By Application
- 6.1. Medical
- 6.2. Industrial
- 6.3. Food
- 6.4. Laboratory
- 6.5. Other Applications
- 7. Geographical Analysis
- 7.1. North America
- 7.1.1. Market Size & Estimates
- 7.1.2. North America Thermometer Market Drivers
- 7.1.3. North America Thermometer Market Challenges
- 7.1.4. Key Players In North America Thermometer Market
- 7.1.5. Country Analysis
- 7.1.5.1. United States
- 7.1.5.1.1. United States Thermometer Market Size & Opportunities
- 7.1.5.2. Canada
- 7.1.5.2.1. Canada Thermometer Market Size & Opportunities
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Product Launches & Developments
- 8.1.2. Partnerships & Agreements
- 8.2. Company Profiles
- 8.2.1. 3m
- 8.2.1.1. Company Overview
- 8.2.1.2. Products
- 8.2.1.3. Strengths & Challenges
- 8.2.2. A&D Medical
- 8.2.2.1. Company Overview
- 8.2.2.2. Products
- 8.2.2.3. Strengths & Challenges
- 8.2.3. American Diagnostic Corporation
- 8.2.3.1. Company Overview
- 8.2.3.2. Products
- 8.2.3.3. Strengths & Challenges
- 8.2.4. Beurer Gmbh
- 8.2.4.1. Company Overview
- 8.2.4.2. Products
- 8.2.5. Briggs Healthcare
- 8.2.5.1. Company Overview
- 8.2.5.2. Products
- 8.2.6. Easywell Biomedicals
- 8.2.6.1. Company Overview
- 8.2.6.2. Products
- 8.2.6.3. Strengths & Challenges
- 8.2.7. Exergen Corporation
- 8.2.7.1. Company Overview
- 8.2.7.2. Products
- 8.2.8. Fairhaven Health
- 8.2.8.1. Company Overview
- 8.2.8.2. Products
- 8.2.9. Medline Industries Inc
- 8.2.9.1. Company Overview
- 8.2.9.2. Products
- 8.2.9.3. Strengths & Challenges
- 8.2.10. Microlife Corporation
- 8.2.10.1. Company Overview
- 8.2.10.2. Products
- 8.2.11. Omron Healthcare Inc
- 8.2.11.1. Company Overview
- 8.2.11.2. Products
- 8.2.11.3. Strengths & Challenges
- 8.2.12. Rg Medical Diagnostics
- 8.2.12.1. Company Overview
- 8.2.12.2. Products
- 8.2.12.3. Strengths & Challenges
- 8.2.13. Terumo Corporation
- 8.2.13.1. Company Overview
- 8.2.13.2. Products
- 8.2.13.3. Strengths & Challenges
- 8.2.14. Welch Allyn
- 8.2.14.1. Company Overview
- 8.2.14.2. Products
- 8.2.14.3. Strengths & Challenges
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook