Contact Thermometer Market - Regional Analysis
North American Market Insights
North America industry is predicted to account for largest revenue share of 38% by 2035. 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 Insights
The Europe contact thermometer market is estimated to the second largest, revenue share of about 29% by the end of 2035. 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.
