Allied Market Research published a report on Digital Thermometer Market by Product Type, Interface, Sensor Type, End Use Verticals: Global Opportunity Analysis and Industry Forecast, 2021-2031. The digital thermometer market was valued at $757.81 million in 2021, and is estimated to reach $1.3 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
The growth of the global digital thermometer market is majorly driven by mercury-free thermometers globally paired with increase in number of medical situations around the globe. Moreover, government/institutions initiatives associated with enhancing medical/healthcare infrastructure at regional and global level are expected to propel the digital thermometer market growth during the forecast period.
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According to Digital Thermometer market analysis, the forehead thermometer segment was the highest revenue contributor to the market in 2021. The contact free segment is expected to reach for around 6.5% CAGR from 2022-2031.
Competitive Analysis:
The company profile section of the Digital Thermometer Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global Digital Thermometer Market include,
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A&D Medical
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Actherm Inc
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AMETEK Land
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EXTECH
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Fairhaven Health
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Omega Engineering Inc
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OMRON Healthcare Inc
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PCE Holding GmbH
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RG Medical Diagnostics
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and Terumo Corporation
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Region-wise, Asia-Pacific and Europe holds a significant share in the global digital thermometer market, owing to the presence of prime players in this region. The adoption of forehead thermometer, oral thermometer, and app-based thermometer is expected to propel the growth of the digital thermometer industry in this region. Moreover, rise in launch of commercial and industrial thermometers in North America and LAMEA is anticipated to drive the Digital Thermometer market trends in this region.
Key Findings of the Study
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In 2021, the forehead thermometer segment accounted for maximum revenue, and is projected to grow at a notable CAGR, during the forecast period.
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The residential and healthcare segments are expected to witness considerable CAGRs of 6.2% and 5.8% respectively, during the forecast period.
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Asia-Pacific was the highest revenue contributor and is estimated to expand at the highest CAGR.
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