Temperature Calibrators Market Size

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.