Thermometer Market Size Is Anticipated To Reach USD 2.34 Billion By 2028Posted by Neha Bora on April 28th, 2021 San Francisco, 28 April 2021: The Report Thermometer Market Size, Share & Trends Analysis Report By Product (Mercury-based, Mercury-free), By Application (Medical, Industrial, Food, Laboratory), By Region, And Segment Forecasts, 2021 - 2028 The global thermometer market size is expected to reach USD 2.34 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% from 2021 to 2028. An increase in the demand for accurate medical devices and the requirement of specific temperature conditions influence the market growth. The rising cases of medical ailments involving accurate measurement of body temperature for the treatment planning and requirement of specific temperature conditions in various industries are likely to heighten the demand for thermometers during the forecast period. The rise in health consciousness, coupled with an increase in healthcare expenditure, is also anticipated to fuel market growth further in the coming decade. The increasing prevalence of target diseases, such as malaria, dengue, typhoid, and swine flu, which cause fever, is anticipated to be a high-impact rendering driver of the market. Malaria is one of the most fatal diseases and is one of the leading causes of death globally. According to the World Malaria Report 2019, an estimated 229 million cases of malaria were observed in 2019 globally. Furthermore, rapid technological advancements in temperature monitoring devices are increasing the acceptance of these devices by people. For instance, in 2018, Optics developed upgrades for its compact infrared thermometers, which improved their speed and flexibility for industrial use. This is expected to boost the market growth during the forecast period. Access Research Report of Thermometer Market @ https://www.grandviewresearch.com/industry-analysis/thermometer-market Thermometer Market Report Highlights
List of Key Players of Thermometer Market
Like it? Share it!More by this author |