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Thermometer Market size was valued at around USD 1.8 billion in 2023 and is expected to grow at a CAGR of 6.1% between 2024 and 2032. Increasing prevalence of infectious diseases coupled with rising awareness levels and better hygiene practices are anticipated to be among the key factors propelling the market growth.
The rising incidences of infectious diseases such as malaria, dengue, typhoid, and swine flu are attributed as significant growth drivers contributing to the surging demand for thermometers. This trend is influenced by various factors, including changes in demographics, lifestyle behaviors, environmental conditions, genetic predispositions, and advancements in diagnostic techniques that lead to better detection and reporting of cases. These diseases often cause high fever, necessitating accurate temperature monitoring for better treatment planning.
For instance, according to the World Health Organization (WHO), between January and December 2023, there were a total of 4.1 million suspected cases of dengue recorded, with 6,710 severe cases and 2,049 deaths reported in the Americas. This surge in the prevalence of such conditions has led to an increased incidence of fever-related disorders, consequently contributing to the growing demand for thermometers worldwide.
A thermometer is a vital instrument employed to gauge temperature, commonly comprised of a slender, sealed glass tube housing a liquid, such as mercury or alcohol, or a temperature-sensitive sensor. Widely utilized across multiple domains, including medicine, scientific research, industrial operations, and daily routines, thermometers play a crucial role in temperature monitoring and regulation. They serve diverse purposes such as health surveillance, ensuring food safety, environmental monitoring, and facilitating industrial processes.
Report Attribute | Details |
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Base Year: | 2023 |
Thermometer Market Size in 2023: | USD 1.8 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 6.1% |
2024 – 2032 Value Projection: | USD 3 Billion |
Historical Data for: | 2018 – 2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 364 |
Segments covered: | Product Type, Point of Measurement, Interface, Application, End-use and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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