Global Thermometer Market 2023-2030
Market OutlookAs per Triton Market Research’s report, the global thermometer market is estimated to propel at a CAGR of 7.56% during the forecast period 2023-2030.
Factors such as the growing importance of body temperature monitoring, the high incidence of infectious diseases, and technological advancements augment the thermometer market’s expansion. However, incorrect temperature readings limit the studied market’s progression.
Nevertheless, the soaring popularity of non-contact thermometers and the increasing use of digital thermometers create opportunities for the thermometer market.
REGIONAL OUTLOOK
The global thermometer market covers North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa.
Globally, the Asia-Pacific is estimated to witness fast growth over the forecast period. The thermometer market in the region witnessed growth due to investments in healthcare infrastructure and an increase in research and development. Additionally, vendors are successfully attracting new clientele and expanding their presence in emerging markets. This development is anticipated to open up new avenues within the thermometer market.
Competitive OutlookThe renowned companies in the thermometer market are Welch Allyn, 3M, Beurer GmbH, Medline Industries LP, Easywell Biomedicals, RG Medical Diagnostics, Microlife Corporation, A&D Medical, America Diagnostics Corporation, Exergen Corporation, Briggs Healthcare, Omron Healthcare Inc, Fairhaven Health, and Terumo Corporation.
3M, headquartered in St. Paul, Minnesota, is engaged in the manufacturing and distribution of a wide range of industrial products and solutions. Its diverse portfolio includes advanced materials, display materials and systems, home care and improvement products, stationery and office supplies, etc. 3M also provides solutions in the fields of medical, oral care, consumer healthcare, food safety, and health information systems. Its customer base spans across various industries, such as automotive, electronics, healthcare, safety, energy, and consumer goods. 3M operates manufacturing facilities across Asia-Pacific, Europe, the Middle East, and Africa.