Triton Market Research’s report infers the thermometer market in Latin America to register a compound annual growth rate of 8.10% during the forecast period 2023-2030. Brazil, Mexico, and Rest of Latin America are studied in the region’s market.
Mexico holds a prominent position in the medical device industry, ranking as the eighth-largest manufacturer of medical devices worldwide. With more than 2,500 specialized medical device manufacturing companies within its borders, the nation exhibits a robust presence in this sector. Notably, in 2020, the per capita healthcare expenditure in Mexico increased significantly from the previous year. This rise highlights the evolving demographic landscape, which contributes to the thermometer market’s expansion.
Argentina, the third-largest economy in Latin America, boasts a robust GDP. Health spending in the country has surged in recent years. This situates Argentina among the Latin American and Caribbean nations with one of the highest healthcare expenditure-to-GDP ratios. Additionally, the increasing aging population leads to substantial investments in healthcare, thereby widening the scope of the thermometer market.
Competitive Outlook
The major companies in the thermometer market include Medline Industries LP, Welch Allyn, 3M, Easywell Biomedicals, and A&D Medical.
1. Latin America Thermometer Market - Summary
2. Industry Outlook
2.1. Parent Market Analysis
2.2. Impact Analysis On The Thermometer Market
2.2.1. Covid-19 Impact
2.2.2. Ukraine-russia War Impact
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Industry Components
2.4.1. Raw Materials
2.4.2. Manufacturers
2.4.3. Distributors
2.4.4. Retailers
2.4.5. Sales
2.5. Key Buying Impact Analysis
2.5.1. Accuracy
2.5.2. Ease Of Use
2.5.3. Reliability And Durability
2.5.4. Speed
2.5.5. Type Of Thermometer
2.6. Key Market Strategies
2.6.1. Collaborations
2.6.2. Product Launches
2.7. Market Drivers
2.7.1. Growing Importance Of Body Temperature Monitoring
2.7.2. High Incidence Of Infectious Diseases
2.7.3. Evolving Technological Landscape
2.8. Market Challenges
2.8.1. Incorrect Temperature Readings From Thermometers
2.8.2. Stringent Regulatory Framework
2.9. Market Opportunities
2.9.1. Soaring Popularity Of Non-contact Thermometers
2.9.2. Increasing Use Of Digital Thermometers
2.10. Analyst Perspective
3. Latin America Thermometer Market– By Product Type
3.1. Mercury-free Thermometers
3.1.1. Digital Thermometers
3.1.2. Infrared Radiation Thermometers
3.1.3. Other Mercury-free Thermometers
3.2. Mercury-based Thermometers
4. Latin America Thermometer Market – By Application
4.1. Medical
4.2. Industrial
4.3. Food
4.4. Laboratory
4.5. Other Applications
5. Latin America Thermometer Market – By Country Outlook
5.1. Brazil
5.1.1. Brazil Thermometer Market Forecast & Prospects