Industry Background:
The global Digital Thermometer market is expected to witness high demand in the forecasted period due to rising healthcare awareness among the people. and Digital Thermometers A digital thermometer is used to verify a smart temperature transmitter under flowing conditions and a successful calibration of the smart temperature transmitter. In a digital thermometer, manual reading is not required. it uses a digital display to show the digits. Temperature measured by digital body thermometers is usually displayed in Fahrenheit or Celsius. Many digital body thermometers come with additional features such as memory to store the temperature readings and battery charging.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Thermco Products (United States), Sigma-Aldrich (United States), OMEGA (Switzerland), Exergen Corporation (United States), Omron Healthcare, Inc. (United States), Terumo Corporation (Japan), Citizen Systems (Germany), 3M (Nexcare) (United States), Innovo Medical (United States) and Radiant Innovation Inc. (Taiwan) |
This growth is primarily driven by Increasing fitness awareness and Rising visits of people to medical practitioners.
Globally, a noticeable market trend is evident Upsurging applications of such devices in temperature monitoring for industrial, medical, laboratory, and imaging purposes. The Health Care Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Thermco Products (United States), Sigma-Aldrich (United States), OMEGA (Switzerland), Exergen Corporation (United States), Omron Healthcare, Inc. (United States), Terumo Corporation (Japan), Citizen Systems (Germany), 3M (Nexcare) (United States), Innovo Medical (United States) and Radiant Innovation Inc. (Taiwan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In October 2023, Omron Healthcare launches the "Omron Temp Smart" digital thermometer, this new thermometer features Bluetooth connectivity and a built-in app that allows users to track their temperature readings over time and share them with their healthcare providers.
In October 2023, Omron Healthcare, a global leader in electronic healthcare products, has partnered with Kinsa Health, a digital health company, to launch a connected digital thermometer that integrates with the Kinsa app. This partnership will allow users to track their temperature readings over time and share them with their healthcare providers.
Influencing Trend:
Upsurging applications of such devices in temperature monitoring for industrial, medical, laboratory, and imaging purposes.
Market Growth Drivers:
Increasing fitness awareness and Rising visits of people to medical practitioners
Challenges:
Stringent government regulation regarding medical devices and equipment
Restraints:
The rising number of mobile handsets with infrared sensors and cameras
Opportunities:
The technological advancements in temperature monitoring devices and rising healthcare expenditure
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Digital Thermometer Market
- Analysis about New Entrants in Digital Thermometer Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Digital Thermometer Study Sheds Light on
The Digital Thermometer Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Thermometer industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Thermometer industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.