Glass Thermometers Market Scope
The global Glass Thermometers market is expected to witness high growth in the forecasted period due to increasing demand from the healthcare sector across the world. Glass Thermometers is a device that measures temperature or a temperature gradient. Glass thermometers with alcohol inside may also be used for oral temperatures. This thermometer is a thin glass tube with a red or blue line inside it. These thermometers are safe to use for people over the age of 5. A child younger than 5 may bite the thermometer, breaking it in their mouth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | 3M (United States), OMEGA Engineering (United States), Thermco Products (United States), Brannan (United Kingdom), Echo, Inc. (United States), Fisher Scientific (United States) and RTEK INSTRUMENTS (India) |
CAGR | 8.7% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Glass Thermometers market throughout the predicted period.
3M (United States), OMEGA Engineering (United States), Thermco Products (United States), Brannan (United Kingdom), Echo, Inc. (United States), Fisher Scientific (United States) and RTEK INSTRUMENTS (India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Glass Thermometers market by Type , by Application (Industrial, Medical, Environmental and Other) and Region with country level break-up.
On the basis of geography, the market of Glass Thermometers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 5th July 2022, Arcline Investment Management announced the completion of its acquisition of Omega Engineering Inc. ("Omega" or the "Company") from Spectris plc. Omega has joined the Dwyer Group of companies, an Arcline portfolio company, as a leading provider of sensing, control, and monitoring technologies.
On 7th May 2021, 3M is excited to announce the launch of 3M Prevena Restor Bella Form Therapy the next generation in post-operative healing following breast surgery.
Glass thermometers are required in some federal and state regulations, either directly or through citations of standards and methods from organizations such as ASTM International and the American Petroleum Institute (API). The EPA is revising its regulations to allow non-glass alternative thermometers. Furthermore, the EPA is collaborating with ASTM International and the API to revise their standards to include flexibility that allows for non-glass alternatives.
Influencing Trend:
The Growing Demand from Medical Industries and High Demand for Reusable Thermometer
Market Growth Drivers:
The Upsurging Demand due to use in various Industrial Applications and The Increasing Demand due to Online Distribution Channel
Challenges:
The Concern Regarding Damage of Glass Thermometers
Restraints:
High Cost of Glass Thermometers
Opportunities:
The Technological Advancement in Glass Thermometers and The Rising Demand due to Quality Enhancement
Key Target Audience
Glass Thermometers Manufactures, Glass Thermometers Suppliers, Glass Thermometers Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others