Thermometer Market Size, Share, Growth Analysis, By Product(Mercury-based Thermometers, Mercury-free Thermometers), By Application(Medical, Industrial, Food, Laboratory), By Region - Industry Forecast 2024-2031

Thermometer Market Driver

• Market expansion is influenced by rising demand for precise medical equipment and a need for particular temperature conditions. The demand for thermometers is expected to increase during the projected period due to an increase in medical diseases that require precise measurement of body temperature for treatment planning and requirements for specific temperature conditions in various sectors. In the upcoming decade, it is also projected that a rise in health consciousness and rising healthcare costs will fuel market expansion.
• The increasing prevalence of fever-producing target illnesses such as swine flu, dengue, typhoid, and malaria is predicted to have a significant impact on the market. One of the most deadly illnesses and a major cause of death worldwide is malaria. The World Malaria Report 2019 estimates that 229 million cases of malaria were seen worldwide in 2019. Furthermore, people are accepting temperature monitoring devices more widely because of quick technological improvements in this field.

Thermometer Market Restraint

• The first-generation forehead thermometer pistols were hastily distributed to stop the spread of COVID-19. They weren't made to resist extreme humidity and warmth. As a result, as they were transported around the world, primarily from China, several problems developed, including challenges with instability and measurement accuracy. To meet the need for inexpensive infrared thermometers around the world, some Chinese OEMs produce these devices, but they fall short in terms of thermopile sensor precision and quality, ADC accuracy, and temperature adjustment algorithm. These thermometers were returned by international customers, mostly from Russia and Europe, due to their variable performance in extreme temperatures and high humidity circumstances. Their sensors weren't sensitive enough, which led to inaccurate results.