Temperature Calibrators Market size is expected to reach USD 920 Million by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of temperature calibrators was USD 600 Million. The increasing attainability of instrument calibrators especially temperature calibrators globally will exponentially help the temperature calibrators market to grow in the expected CAGR. Internationally agreed temperature values in degrees Celsius (°C) are assigned to repeatable physical phenomena that occur at a constant temperature (such as the freezing point of a pure metal) and an agreed type of standard thermometer is used as an interpolation tool over a range of these points in the ITS-90 and previous scales.
Another reason to propel the temperature calibrators market by the end of 2036 is the increasing prevalence of laboratories across the world. In 27 nations, there are 51 biosafety level-4 (BSL-4) laboratories worldwide, as per the recently issued Global BioLabs Report 2023 (March 16, 2023). The strictest security and safety regulations are in place in these labs, and employees are frequently dressed in protective gear. Clinical laboratories of all sizes expanded their capacity to accommodate the increasing demand for COVID-19 testing in response to the pandemic, which caused financial disruption to healthcare systems worldwide. Due to supply chain disruptions and increased demand for healthcare facilities, the COVID-19 epidemic put an unprecedented strain on the healthcare systems of several nations. Although worries regarding the growing number of BSL-4 and BSL-3 facilities are not new, they have intensified since the start of the SARS-CoV-2 epidemic in 2019.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2036 |
CAGR |
∼7% |
Base Year Market Size (2023) |
~USD 600 Million |
Forecast Year Market Size (2036) |
~USD 920 Million |
Regional Scope |
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Modularity (Benchtop, Portable)
The benchtop test segment will grow the most by the forecast period and will hold almost 88% in the temperature calibrators market because of advantages like better appointment and accordance with standards set by different regulatory bodies. Since correct measurements are essential to the majority of the goods and services people use and depend on daily for their quality, safety, and innovation, calibration plays a crucial role in ensuring measurement accuracy. However, calibration increases the assurance of accurate measurements needed for innovation, research, and development as well as the manufacturing of millions of goods and services globally. Take a moment to pause and survey your space; the majority of what people see was manufactured adhering to exacting measurement guidelines that were guaranteed by calibration. In the ever-changing field of laboratory science, accuracy and precision are essential. Every study, experiment, and outcome depends on the dependability of the laboratory apparatus. At Scientific Calibration, we are aware that routine calibration is essential to maintaining the accuracy of your data and the effectiveness of your research, not only as a best practice. In this blog post, we examine the significance of routine calibration for laboratory equipment, the possible repercussions of neglecting it, and best practices for calibration programs.
Application (Pharmaceuticals, Laboratories, Food Processing, Paper Manufacturing)
The pharmaceutical segment will have superior growth during the forecast period and will hold around 44% of the revenue share of the temperature calibrators market owing to the increasing use of temperature calibrators in the pharmaceutical industry globally. Numerous regulatory bodies worldwide have put in place measures to regulate, uphold, and guarantee a greater standard of pharmaceutical quality to guarantee the safety of pharmaceuticals everywhere. Pharmaceutical manufacturers must abide by a daily instrument calibration planning to confirm adherence to Food and Drug Administration (FDA) recommendations or to manage Current Good Manufacturing Practices (CGMP) and other quality control standards. The Quality Control Laboratory's testing of final product samples is partly covered by the regulations. These facilities need qualified and suitably calibrated or certified instruments and equipment to guarantee the accuracy of the test results.
Our in-depth analysis of the global temperature calibrators market includes the following segments:
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End-User Industries |
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Calibration Type |
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North American Market Statistics
The temperature calibrators market in the North America region will have the biggest growth during the forecast period with a revenue share of around 32%. This growth will be noticed owing to the increasing advancement in industrial sectors in this region. Technological developments and government initiatives, such as the US CHIPS and Science Act, which allows USD 50 billion for the domestic semiconductor industry, and the Infrastructure Investment and Jobs Act, which allows USD 1.2 trillion for transportation and infrastructure, will influence industrial manufacturing trends in 2023 and the years that follow. The industry's reactions to the pandemic-exacerbated supply chain disruptions and skilled labor shortages, as well as the industry's rising commitment to sustainability, are other significant trends in the region.
European Market Analysis
The temperature calibrators market in the Europe region will also encounter huge growth during the forecast period and will hold the second position owing to the region’s intensification of research and development activities. International cooperation in science and technology is explained as a bilateral and multilateral partnership to progress wisdom through basic and implemented research, with the inclusion of an extensive range of research and innovation (R&I) players along with jurisdictions, by a 2021 recommendation by the Organization for Economic Co-operation and Development (OECD). The junction of science, technology, foreign policy, and the global scope of public policy is where international collaboration is found.
Author Credits: Richa Gupta
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