Contact Thermometer Market size is poised to surpass USD 4.6 Billion by the end of 2036, growing at a CAGR of 4.4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of contact thermometer was USD 1.9 Billion, which is attributed to the increasing demand for contact thermometer in the healthcare sector due to rise in number of fever and other health related conditions. According to World Health Organization, there were approximately 9 million cases of typhoid fever in the year 2019. Furthermore, growing use of contact thermometer among athletes and sports persons to measure their body temperatures before and after the sports activity or competition is expected to encourage the use of contact thermometer.
In addition, contact thermometers are used by the food service professionals to check the food temperatures before cooking or serving the hot cooked food to their customers. Moreover, contact thermometer plays important role in food processing, storage and transportation to maintain the proper and accurate temperature control and prevent spoilage.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~ 4.4% |
Base Year Market Size (2023) |
~ USD 1.9 Billion |
Forecast Year Market Size (2036) |
~ USD 4.6 Billion |
Regional Scope |
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Product Type (Contact Thermometer with Thermistor Sensors, Contact Thermometer with Thermocouple Sensors)
The contact thermometer with thermistor sensors segment in the contact thermometer market is estimated to hold the 57% of the revenue share by 2036. The segment growth can be attributed to high precision in temperature sensing, which allows contact thermometers to provide accurate readings. This precision is crucial in various applications, such as industrial and environmental monitoring. Furthermore, thermistors are energy-efficient temperature sensors that consume minimal power during operation as this is essential for those thermometers that are designed for continuous and battery-operated use, contributing to extended device battery life.
Application Type (Healthcare Services, Industrial Manufacturing Plants)
The healthcare services segment in the contact thermometer market is estimated to gain the largest revenue share of about 56% in the year 2036. The segment growth can be attributed to the growing emphasis on preventive healthcare services encouraging individuals to monitor their health regularly as contact thermometers offer quick and non-invasive temperature readings and become essential tools for routine health checks. According to recent reports, global spending on health reached USD 9 trillion in 2020. In addition, the integration of contact thermometers with electronic health records enhances healthcare service by providing accurate and easily accessible temperature data.
Our in-depth analysis of the global market includes the following segments:
Product Type |
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Application Type |
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North American Market Forecast
Contact thermometer market in the North America region, is anticipated to hold the largest revenue share of about 38% by the end of 2036. The regional growth is attributed to the well-established and advanced healthcare infrastructure in the region. The demand for thermometers is influenced by the need for accurate and efficient temperature monitoring in various healthcare settings. According to the Peter G. Peterson Foundation, United States healthcare spending reached USD 4.5 trillion with the US having one of the highest costs of healthcare in the world. In addition, the technological advancement in contact thermometer designs and integration with smart devices like wearable technology attracts consumers which stimulates the market in the region. Furthermore, there is a high level of health consciousness among the people in North America which contributes to the adoption of contact thermometers for personal use.
European Market Analysis
The Europe contact thermometer market is estimated to the second largest, revenue share of about 29% by the end of 2036. The market’s expansion can be attributed to the diverse range of applications and growing demand for advanced temperature measurement technologies in industries such as healthcare, food and beverages, automotive, and manufacturing which contribute significantly to the market. Furthermore, the stringent regulatory environment in Europe region regarding overall product safety, accuracy, and quality which ensures no defect in any product shapes the landscape for contact thermometers. Moreover, there is a high presence of major key players in the region such as EASYWELL BIOMEDICALS, Beurer GmbH, Briggs Healthcare among others. In addition, there are environmental concerns and also energy efficiency considerations that are driving the development of eco-friendly and sustainable temperature measurement solutions which stimulate the market in the region.
Author Credits: Abhishek Verma
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