#Smart Thermometer Market ANALYSIS
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Advances in Patient Temperature Monitoring: Innovations and Technologies
The global patient temperature monitoring market size is expected to reach USD 5.85 Billion in 2030 and register a steady revenue CAGR of 6.4% during the forecast period, according to latest analysis by Emergen Research. Growing population as well as increasing occurrence of infectious diseases is a major factor driving market revenue growth. The world's population is expected to grow by over 2 billion individuals during the next 30 years, from 8 billion presently to 9.7 billion in 2050, with a peak of around 10.4 billion in the mid-2080s. Foodborne diseases, notably Campylobacteriosis, have a huge impact, hence approximately one in ten individuals fall ill each year and 33 million healthy life years are lost. During the course of many infectious diseases, body generates fever. As a result of growing worldwide population and prevalence infectious illnesses, there is a greater need for accurate patient temperature monitoring.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Patient Temperature Monitoring market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Cardinal Health, Koninklijke Philips N.V., 3M, Drägerwerk AG & Co. KGaA, BD, OMRON Healthcare, Inc., Masimo, BRAUN GMBH Industrie-Elektronik, Terumo Corporation, and PAUL HARTMANN AG
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/patient-temperature-monitoring-market
Emergen Research has segmented the global Patient Temperature Monitoring market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2019–2030)
Wearable Continuous Monitoring Sensors
Smart Temperature Monitoring Patches
Table-Top Temperature Monitoring Devices
Non–Invasive Vital Signs Monitoring Devices
Continuous Core Body Temperature Monitoring Devices
Handheld Temperature Monitoring Devices
Mercury Thermometers
Digital Thermometers
Infrared Thermometers
Invasive Temperature Monitoring Devices
Site Outlook (Revenue, USD Billion; 2019–2030)
Non-Invasive Temperature Monitoring Devices
Oral Temperature Monitoring
Axillary and Temporal Artery Temperature Monitoring
Tympanic Membrane Temperature Monitoring
Invasive Temperature Monitoring Devices
Esophageal Temperature Monitoring
Nasopharynx Temperature Monitoring
Urinary Bladder Temperature Monitoring
Rectal Temperature Monitoring
Application Outlook (Revenue, USD Billion; 2019–2030)
Pyrexia
Hypothermia
Blood Transfusion
Anesthesia
Other applications
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Patient Temperature Monitoring Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Patient Temperature Monitoring Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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Exploring the Latest Trends in the Dew Point Thermometer Market
According to the UnivDatos Market Insights analysis, the growing adoption of automated systems in manufacturing and processing industries necessitating accurate humidity measurements are driving the market growth of global dew point thermometer and as per their “Global Dew Point Thermometer Market” report, the market was valued at USD ~3 billion in 2023, growing at a CAGR of ~8% during the forecast period from 2024 – 2032.
Over the last few years, the dew point thermometer has also undergone huge changes and has achieved expansion in terms of growth and development due to the ever-improving technology used for the manufacturing of these instruments and also due to the rising importance of the correct measurement of humidity and temperature in different fields.
The following is an indication of some of the latest trends that are evolving within the context of the dew point thermometer market and their effects on the market’s stakeholders.
1. Technological Advancements
A significant factor affecting the dew point thermometer market is the development and innovation of technology. There’s the addition of wireless connectivity, data logging, and incorporating the cloud to improve the manufacturer’s devices. Not only do these technological enhancements provide better accuracy and reliability of dew point thermometers but also provide the facility for advanced precision PT and remote generation which makes them suitable for diverse applications.
2. Growing Demand for Portable Devices
Another trend is the shift in the demand for dew point thermometers that are more portable than the ones currently on the market. Firms are becoming less bound by location, and, therefore, there is the need to have devices that could be carried around or usable in different locations. Although Dew point thermometers are firmly fixed and prevent portability in devices a great demand in markets like HVAC, construction markets, and agriculture markets it is preferred.
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3. Focus on Energy Efficiency
Controlling uses of energy has been an essential aspect in industries across the globe leading to the need to use dew point thermometers in industries for control of energy uses. With these devices, industries will be in a position to measure accurately the climate and make adjustments that will in the long run reduce energy consumption and hence lead to cheaper operations. As sustainability comes to light as a crucial point for materialization by corporations, the relevance of using energy-saving dew point thermometers should also increase.
4. Integration with IoT and Smart Building Technologies
Another emerging trend is the growing use of dew point thermometers together with the Internet of Things (IoT) and smart building systems. Such devices can also be interfaced to the central Building Management Systems for real-time control of the microclimate indoors. Not only does such integration in the designed facades optimise operations but also occupant comfort and productivity in built spaces.
5. Adoption of Remote Monitoring Solutions
Due to the COVID-19 pandemic, one of the biggest trends observed in the dew point thermometer market is the increased demand for remote monitoring solutions. There is a gradual shift from using physical devices to relying on cloud-base technology to manage and analyze the humidity and temperature data from industries and mobile applications. Such a trend should be expected to continue, given that companies are adjusting their operations to adopt measures that enhance health and safety sources.
Conclusion
In conclusion, the global dew point thermometer market is witnessing several key trends that are shaping the future of the industry. From technological advancements to the growing demand for portable and energy-efficient devices, these trends are driving innovation and providing new opportunities for manufacturers and suppliers. As industries continue to evolve, the role of dew point thermometers in ensuring optimal environmental conditions will become even more crucial, making it an exciting time for the market.
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Small Household Appliances Market 2024: Emerging Trends, Major Driving Factors, Business Growth Opportunities
Small Household Appliances Market provides in-depth analysis of the market state of Small Household Appliances manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Small Household Appliances in these regions till the forecast period
North America
Middle East and Africa
Asia-Pacific
South America
Europe
Key Attentions of Small Household Appliances Market Report:
The report offers a comprehensive and broad perspective on the global Small Household Appliances Market.
The market statistics represented in different Small Household Appliances segments offers complete industry picture.
Market growth drivers, challenges affecting the development of Small Household Appliances are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of Small Household Appliances.
Major stakeholders, key companies Small Household Appliances, investment feasibility and new market entrants study is offered.
Development scope of Small Household Appliances in each market segment is covered in this report. The macro and micro-economic factors affecting the Small Household Appliances Market
Advancement is elaborated in this report. The upstream and downstream components of Small Household Appliances and a comprehensive value chain are explained.
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The Medical Device Technologies Market is projected to grow from USD 549,125 million in 2024 to USD 726,453.05 million by 2032, reflecting a compound annual growth rate (CAGR) of 3.56%.The medical device technologies market is a rapidly growing sector, driven by innovations that enhance patient care, improve diagnostic accuracy, and streamline medical procedures. This market encompasses a broad range of devices, from simple instruments like syringes and thermometers to sophisticated technologies such as MRI machines and surgical robots. As of 2024, the market is poised for significant expansion, driven by factors such as the increasing prevalence of chronic diseases, technological advancements, and a growing geriatric population.
Browse the full report at https://www.credenceresearch.com/report/medical-device-technologies-market
Key Market Drivers
1. Rising Prevalence of Chronic Diseases: Chronic conditions such as diabetes, cardiovascular diseases, and respiratory disorders are on the rise globally. These conditions often require ongoing monitoring and management, driving the demand for medical devices. For instance, glucose monitoring devices and insulin pumps are crucial for diabetes management, while cardiac monitoring devices are essential for patients with heart conditions.
2. Technological Advancements: Innovations in medical technology are revolutionizing patient care. The development of minimally invasive surgical techniques, advanced imaging technologies, and smart wearable devices are some examples. These advancements not only improve patient outcomes but also reduce healthcare costs by minimizing hospital stays and recovery times.
3. Aging Population: The global population is aging, with the number of people aged 60 and above expected to double by 2050. Older adults are more prone to chronic diseases and age-related conditions, necessitating a higher demand for medical devices. Mobility aids, hearing aids, and diagnostic devices tailored for older adults are in increasing demand.
4. Regulatory Approvals and Government Initiatives: Regulatory bodies like the FDA (Food and Drug Administration) and EMA (European Medicines Agency) play a crucial role in the approval and commercialization of medical devices. Governments worldwide are also implementing initiatives to improve healthcare infrastructure and access to advanced medical technologies, further boosting the market.
Segmentation of the Market
The medical device technologies market can be segmented based on device type, application, end-user, and geography.
1. By Device Type: - Diagnostic Devices: Includes imaging systems (MRI, CT scanners), in vitro diagnostic devices (blood glucose meters, pregnancy tests), and others. - Therapeutic Devices: Encompasses devices such as insulin pumps, dialysis machines, and surgical instruments. - Monitoring Devices: Includes wearable devices for continuous monitoring of vital signs, cardiac monitors, and blood pressure monitors.
2. By Application: - Cardiology - Orthopedics - Neurology - Respiratory - Others (Ophthalmology, Dermatology, etc.)
3. By End-User: - Hospitals and Clinics - Home Healthcare - Ambulatory Surgical Centers (ASCs) - Diagnostic Centers
4. By Geography: - North America - Europe - Asia-Pacific - Latin America - Middle East & Africa
Trends and Innovations
Several trends and innovations are shaping the medical device technologies market:
1. Wearable Medical Devices: Wearable technology is revolutionizing the way health data is collected and monitored. Devices like smartwatches and fitness trackers equipped with health monitoring features are gaining popularity. These devices enable continuous monitoring of vital signs and physical activity, providing valuable data for both patients and healthcare providers.
2. Artificial Intelligence (AI) and Machine Learning: AI and machine learning are transforming diagnostics and treatment planning. AI-powered imaging systems can analyze medical images with high accuracy, aiding in early disease detection. Machine learning algorithms are also used to develop predictive models for patient outcomes, improving personalized medicine.
3. Telemedicine and Remote Monitoring: The COVID-19 pandemic accelerated the adoption of telemedicine and remote monitoring solutions. These technologies allow patients to receive medical care from the comfort of their homes, reducing the burden on healthcare facilities and improving access to care in remote areas.
4. 3D Printing: 3D printing technology is being used to create customized medical devices, implants, and prosthetics. This technology allows for precise customization, improving the fit and function of these devices, and enhancing patient outcomes.
Challenges
Despite the promising growth, the medical device technologies market faces several challenges:
1. Regulatory Hurdles: The stringent regulatory requirements for medical devices can delay the approval and commercialization of new technologies. Ensuring compliance with these regulations is a significant challenge for manufacturers.
2. High Costs: The development and production of advanced medical devices involve substantial costs, which can be a barrier for both manufacturers and healthcare providers. Ensuring affordability while maintaining quality is a critical challenge.
3. Cybersecurity Risks: With the increasing integration of digital technologies in medical devices, cybersecurity has become a major concern. Ensuring the security of patient data and preventing unauthorized access to medical devices are crucial.
Key Player Analysis
Abbott Laboratories
Boston Scientific Corporation
Baxter International, Inc.
Medtronic plc
Cardinal Health Inc.
F. Hoffmann-La Roche Ltd.
GE Healthcare
Johnson & Johnson
Siemens Healthineers
Smith & Nephew plc
Stryker Corporation
Koninklijke Philips N.V.
Segments:
Based on Device Type:
In Vitro Diagnostic (IVD) Devices
Cardiology Devices
Diagnostic Imaging Devices
Orthopedic Devices
Ophthalmology Devices
Endoscopy Devices
Diabetes Care Devices
Wound Management Devices
Kidney/Dialysis Devices
Anesthesia and Respiratory Care Devices
Others
Based on End-user:
Academics & Research
Hospitals
Clinics
Diagnostic Centers
Ambulatory Surgical Centers
Others
Based on the Geography:
North America
The U.S.
Canada
Mexico
Europe
Germany
France
The U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
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Innovations & Growth Potential in the Global Thermometer Market
As human body temperature continues to be an early sign of diagnosis, thermometers are found in every clinic and household. Since the inception of medical sciences, thermometers have undergone several developments to bring more accuracy. Triton’s research states that the Global Thermometer Market is estimated to advance at a CAGR of 7.56% during the forecast period 2023-2030.
Due to the environmental toxicity of mercury, the Environment Protection Agency (EPA) recommends phasing out conventional mercury-based thermometers. Thus, infrared radiation (IR) thermometers, known for their speed and accuracy in offering near-instantaneous temperatures, are now widely used. In this regard, Telepower Communication Co Ltd introduced a cost-effective, high-performing infrared thermometer that supports Bluetooth connectivity. Such developments foster the need for more product innovations.
Innovations in Digital Thermometers:
Smart/Digital Thermometers
The temperature measurement process has been revolutionized with technological innovations. In this regard, traditional mercury thermometers are making a new path for smart and digital thermometers. These contactless, smart heat sensors have the utmost precision in temperature detection.
Smart thermometers are distinguished from the traditional ones with their easy-to-read display and speedy detection of temperature. According to a report by the National Institute of Health (NIH), smart thermometer readings are highly predictive of surveillance data for a respective region and season. The report also found that smart thermometers helped in improving predictions of influenza among the people in California.
Superconductor Thermometer
Researchers at the National Institute of Standards and Technology (NIST) invented a miniature thermometer in November 2020 with big potential applications. This thermometer is 2.5 by 1.15 millimeters in size and is embedded in another cryogenic microwave device to measure temperature when placed on a chip. Compared to conventional ones, the NIST’s superconducting thermometer is capable of measuring temperatures below 1 Kelvin in about 5 milliseconds.
Thus, being faster, smaller, and more convenient than conventional cryogenic thermometers, the new invention can be mass-produced for chip-scale devices. It can monitor the temperature of processor chips in superconductor-based quantum computers, which must stay cold to function efficiently.
Ultra-fine thermal sensor
Researchers in Japan have developed a micro-thin thermal sensor. This can be easily attached to the skin to monitor the health of infants. Embedded in a super-fine, thin film, with about ¼ the thickness of human hair, this thermometer measures temperatures between 25-30 degrees Celsius.
Additionally, the materials used to manufacture these thermal sensors are cheap and widely available which ensures a commercialized use of the device.
FeverPhone App
A team of researchers from Washington University developed an application to measure temperature by placing the smartphone on the forehead. Named FeverPhone, this app allows the touchscreen to gather data and predict temperature within 90 seconds. It analyses interactions between the heat generated by the phone’s battery and the touch of fingers, accurately estimating body temperature without any extra hardware.
Notably, during a test conducted in an emergency department, the application showed impressive results in detecting core body temperatures compared to traditional ones. This eliminates the need to carry separate thermometers and rely on a smartphone for temperature monitoring.
Thermometers Market: Growth Potential Beyond Health Sector
Increasing Utility in the Manufacturing Sector:
A dominant manufacturing sector and the spillover effects lay the foundation for the growth of the thermometer market. Moreover, as per Triton’s analysis, the Asia-Pacific thermometer market is expected to witness the fastest growth at a CAGR of 8.54% over the forecast period 2023-2030.
Among the ASEAN countries, Singapore, Indonesia, and Thailand are experiencing a robust transformation within the manufacturing sector. Singapore’s industrial manufacturing contributes to around 20% -25% of its annual GDP. Major industry players like HP, Infineon, and Micron look forward to establishing next-generation manufacturing facilities in Singapore to make it among the top five exporters of high-tech goods.
Rising Importance of Temperature Monitoring in the Food Industry:
According to the World Health Organization (WHO), unsafe food causes 420,000 deaths and 600 million cases of food-borne diseases across the world. Thus, ensuring quality standards throughout the food cycle is important for a seamless process, starting from production to consumption.
Verifying correct temperatures is required during several stages like boiling, thawing, freezing, etc. Consistent temperatures help eliminate harmful bacteria, which minimizes the risk of food poisoning. Probe thermometers are, therefore, critical in food processing facilities, commercial kitchens, or retail settings. It ultimately determines the food safety standards throughout the supply chain.
Critical use of Thermometers in Research Laboratories:
Temperature records are crucial while conducting deep research, experiments, and scientific investigations. It helps in deriving accurate, data-driven conclusions. Laboratories, research industries, scientists, and environmentalists are completely dependent on thermometers for authentic temperature readings. A slight inaccuracy or a false reading may cause a scientific experiment to fail. Thus, heat-measuring devices help to determine the stability of compounds, the rate of chemical reactions, and the extent of these reactions.
Evidently, the use of thermometers is not restricted to the medical sector. Along with the precision and reliability of products, temperature records play an important role in various other sectors like agriculture, climatology, industrial manufacturing, weather forecasting, and archaeology. This widens the growth potential of temperature-measuring devices, creating opportunities for contenders in the global thermometer market.
FAQs
Q.1) Do battery thermometers have mercury?
A small amount of mercury is present in the button cell of battery thermometers.
Q.2) How big is the thermometer market?
The global thermometer market generated a revenue of $1504.98 million in 2022 and is expected to achieve $2710.08 million in 2030.
#Thermometer Market#Thermometer#Lifesciences#Medical Devices#Consumables#triton market research#market research reports
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Europe Barbeque Grill Market Analysis, Growth, Forecast 2023-2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe Barbeque Grill Market size at USD 1.76 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Europe Barbeque Grill Market size to expand at a CAGR of 5.38% reaching a value of USD 2.49 billion by 2030. The Barbeque Grill Market in Europe is propelled by the increasing trend of both indoor and outdoor barbeque activities, particularly in major Western European countries like Germany, the United Kingdom, France, Italy, and Poland. The surge is further propelled by the increasing disposable income across European nations, a result of the region's ongoing development. Also, prominent in Europe Barbeque Grill Market are luxury barbeque grill manufacturers, who employ high-quality materials such as cabinets and countertops, professional space planning, modern technologies, and appliances, accompanied by aesthetically pleasing interior designs. These premium products, offered at higher prices, boast advanced functionalities, increased convenience, and state-of-the-art technology to ensure safe and efficient usage. Manufacturers like Fire Magic go the extra mile by providing a limited lifetime warranty based on the grill's material, often featuring a lifetime burner warranty for premium products. The growth of Europe Barbeque Grill Market is also attributed to the elevated standard of living and a heightened demand for premium products and services, including luxury kitchen appliances, across the region.
Opportunities – Growing adoption of advancements in technology
The Europe Barbeque Grill Market has undergone a transformative shift in the United Kingdom, where technological advancements have propelled a surge in the popularity of grilling. The evolution is evident in the introduction of smart BBQ grills that seamlessly connect to mobile devices, allowing for remote monitoring. Equipped with sensors, the intelligent grills transmit detailed cooking information, enabling precise control and automated adjustments. Technological innovations span automatic temperature control, pellet grills utilizing hardwood pellets, in-grill thermometers for remote food temperature monitoring, self-cleaning grills, and efficient infrared grills. Multi-cooking grills offer versatility, while portable options cater to various settings, from small patios to on-the-go events. This technological revolution enhances the convenience, efficiency, and personalization of the grilling experience, providing enthusiasts with a diverse range of options to elevate their cooking endeavors.
Impact of Escalating Geopolitical Tensions on Europe Barbeque Grill Market
The Europe Barbeque Grill Market is impacted by intensifying geopolitical tensions in several ways. Trade relations and tariffs between nations can lead to barriers affecting the import and export of raw materials and finished grilling products, thereby influencing market dynamics and pricing. Geopolitical events such as conflicts or political instability in key manufacturing regions may disrupt the global supply chain, causing shortages, increased production costs, and challenges in meeting consumer demand. Consumer behavior and preferences are also influenced, as economic uncertainties resulting from geopolitical developments may affect disposable income and willingness to spend on non-essential items like barbeque grills. Regulatory changes prompted by geopolitical shifts can impact compliance requirements and shape product innovation and marketing strategies. Also, global economic conditions, regional market growth prospects, energy prices, and cultural exchange, all influenced by geopolitical dynamics, collectively contribute to the complex landscape within which the Barbeque Grill Market operates. Understanding and adapting to these geopolitical factors are essential for industry stakeholders to navigate challenges and leverage opportunities in the dynamic market.
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Europe Barbeque Grill Market
Segmental Information
Europe Barbeque Grill Market – By Application
On the basis of application, the Europe Barbeque Grill Market is bifurcated into Household and Commercial segments. The commercial segment holds a higher share in the Europe Barbeque Grill Market by application. The commercial sector encompasses restaurants, food joints, catering services, and various other food establishments necessitating grilling equipment for their operational needs. In order to offer consumers a variety of grilled food options, numerous restaurants and food service establishments incorporate grilling into their menus. Commercial grills are generally larger in size, crafted to handle more significant quantities of food simultaneously. They often come equipped with additional features, such as multiple cooking zones, expansive cooking surfaces, and enhanced durability, tailored to meet the specific demands of the restaurant industry.
Europe Barbeque Grill Market – By Country
The in-depth research report on the Europe Barbeque Grill Market covers the market in the region’s major countries including Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, the Netherlands, and Rest of Europe. Germany dominates the Europe Barbeque Grill Market and is expected to maintain its dominance over the forecast period. It can be attributed to its rich grilling culture, where barbecuing is not just a culinary practice but a cherished social and cultural experience. With a long history and a diverse range of traditional dishes, such as Bratwurst and Schwenker, Germans take pride in their grilling skills. The cultural significance of grilling, coupled with the popularity of social gatherings around the grill, contributes to Germany's sustained dominance in the market. This cultural attachment and appreciation for barbecuing position Germany as a key player, expected to maintain its leadership position during the forecast period.
Competitive Landscape
The Europe Barbeque Grill Market is fragmented, with numerous players serving the market. The key players dominating the Europe Barbeque Grill Market include Weber-Stephen Products LLC, The Middleby Corporation, Landmann, Napoleon, Pit Boss Grills, Traeger Grills, Char-Broil, Big Green Egg, Broil King, and Cadac International. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
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Text
Innovations & Growth Potential in the Global Thermometer Market
As human body temperature continues to be an early sign of diagnosis, thermometers are found in every clinic and household. Since the inception of medical sciences, thermometers have undergone several developments to bring more accuracy. Triton’s research states that the Global Thermometer Market is estimated to advance at a CAGR of 7.56% during the forecast period 2023-2030.
Due to the environmental toxicity of mercury, the Environment Protection Agency (EPA) recommends phasing out conventional mercury-based thermometers. Thus, infrared radiation (IR) thermometers, known for their speed and accuracy in offering near-instantaneous temperatures, are now widely used. In this regard, Telepower Communication Co Ltd introduced a cost-effective, high-performing infrared thermometer that supports Bluetooth connectivity. Such developments foster the need for more product innovations.
Innovations in Digital Thermometers:
Smart/Digital Thermometers
The temperature measurement process has been revolutionized with technological innovations. In this regard, traditional mercury thermometers are making a new path for smart and digital thermometers. These contactless, smart heat sensors have the utmost precision in temperature detection.
Smart thermometers are distinguished from the traditional ones with their easy-to-read display and speedy detection of temperature. According to a report by the National Institute of Health (NIH), smart thermometer readings are highly predictive of surveillance data for a respective region and season. The report also found that smart thermometers helped in improving predictions of influenza among the people in California.
Superconductor Thermometer
Researchers at the National Institute of Standards and Technology (NIST) invented a miniature thermometer in November 2020 with big potential applications. This thermometer is 2.5 by 1.15 millimeters in size and is embedded in another cryogenic microwave device to measure temperature when placed on a chip. Compared to conventional ones, the NIST’s superconducting thermometer is capable of measuring temperatures below 1 Kelvin in about 5 milliseconds.
Thus, being faster, smaller, and more convenient than conventional cryogenic thermometers, the new invention can be mass-produced for chip-scale devices. It can monitor the temperature of processor chips in superconductor-based quantum computers, which must stay cold to function efficiently.
Ultra-fine thermal sensor
Researchers in Japan have developed a micro-thin thermal sensor. This can be easily attached to the skin to monitor the health of infants. Embedded in a super-fine, thin film, with about ¼ the thickness of human hair, this thermometer measures temperatures between 25-30 degrees Celsius.
Additionally, the materials used to manufacture these thermal sensors are cheap and widely available which ensures a commercialized use of the device.
FeverPhone App
A team of researchers from Washington University developed an application to measure temperature by placing the smartphone on the forehead. Named FeverPhone, this app allows the touchscreen to gather data and predict temperature within 90 seconds. It analyses interactions between the heat generated by the phone’s battery and the touch of fingers, accurately estimating body temperature without any extra hardware.
Notably, during a test conducted in an emergency department, the application showed impressive results in detecting core body temperatures compared to traditional ones. This eliminates the need to carry separate thermometers and rely on a smartphone for temperature monitoring.
Thermometers Market: Growth Potential Beyond Health Sector
Increasing Utility in the Manufacturing Sector:
A dominant manufacturing sector and the spillover effects lay the foundation for the growth of the thermometer market. Moreover, as per Triton’s analysis, the Asia-Pacific thermometer market is expected to witness the fastest growth at a CAGR of 8.54% over the forecast period 2023-2030.
Among the ASEAN countries, Singapore, Indonesia, and Thailand are experiencing a robust transformation within the manufacturing sector. Singapore’s industrial manufacturing contributes to around 20% -25% of its annual GDP. Major industry players like HP, Infineon, and Micron look forward to establishing next-generation manufacturing facilities in Singapore to make it among the top five exporters of high-tech goods.
Rising Importance of Temperature Monitoring in the Food Industry:
According to the World Health Organization (WHO), unsafe food causes 420,000 deaths and 600 million cases of food-borne diseases across the world. Thus, ensuring quality standards throughout the food cycle is important for a seamless process, starting from production to consumption.
Verifying correct temperatures is required during several stages like boiling, thawing, freezing, etc. Consistent temperatures help eliminate harmful bacteria, which minimizes the risk of food poisoning. Probe thermometers are, therefore, critical in food processing facilities, commercial kitchens, or retail settings. It ultimately determines the food safety standards throughout the supply chain.
Critical use of Thermometers in Research Laboratories:
Temperature records are crucial while conducting deep research, experiments, and scientific investigations. It helps in deriving accurate, data-driven conclusions. Laboratories, research industries, scientists, and environmentalists are completely dependent on thermometers for authentic temperature readings. A slight inaccuracy or a false reading may cause a scientific experiment to fail. Thus, heat-measuring devices help to determine the stability of compounds, the rate of chemical reactions, and the extent of these reactions.
Evidently, the use of thermometers is not restricted to the medical sector. Along with the precision and reliability of products, temperature records play an important role in various other sectors like agriculture, climatology, industrial manufacturing, weather forecasting, and archaeology. This widens the growth potential of temperature-measuring devices, creating opportunities for contenders in the global thermometer market.
FAQs
Q.1) Do battery thermometers have mercury?
A small amount of mercury is present in the button cell of battery thermometers.
Q.2) How big is the thermometer market?
The global thermometer market generated a revenue of $1504.98 million in 2022 and is expected to achieve $2710.08 million in 2030.
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Global Thermometer Market: Versatile Product Innovations
The global thermometer market has witnessed a significant transformation in recent years thanks to the infusion of cutting-edge technologies by key market players. As per Inkwood Research, the global thermometer market is predicted to reach a revenue of $3242.68 million by 2032 and record a CAGR of 7.44% during 2023-2032.
The global thermometer market is witnessing a profound evolution driven by the relentless pursuit of accuracy, convenience, and innovation. Non-contact infrared thermometers, smart thermometers, temporal artery thermometers, wireless monitoring solutions, and advanced sensor technology represent just a glimpse of the ground-breaking innovations introduced by industry leaders. Whether it’s monitoring patients in a hospital setting or homes, these technologies are enhancing the way we measure and respond to changes in body temperature. Additionally, such innovations are revolutionizing patient care, diagnostics, and healthcare, as well.
Thermometer Market: Versatile Product Innovations
Evolving Temperature Measurement Techniques
Infrared Thermometers by Raytek
Raytek, a prominent player in the thermometer market, has introduced state-of-the-art infrared thermometers that have revolutionized non-contact temperature measurement. Leveraging advanced infrared technology, these thermometers can provide highly accurate readings without physical contact, ensuring both safety and precision. Raytek’s infrared thermometers are now widely adopted in various industries, including manufacturing, automotive, and food processing.
Smart Thermometers by Withings
Withings has taken temperature monitoring to the next level with its smart thermometers. These devices can seamlessly connect to smartphones and other smart devices, enabling users to track temperature trends over time. Withings’ smart thermometers are particularly popular in the healthcare sector, allowing doctors and caregivers to monitor patients remotely, providing real-time data for better decision-making.
Enhanced Data Analysis and Connectivity
Bluetooth-Enabled Thermometers by Braun
Braun, a trusted name in thermometry, has integrated Bluetooth technology into its thermometers, enhancing their usability. Users can now connect their Braun thermometers to smartphones or tablets, instantly transferring temperature data to dedicated apps. This connectivity not only simplifies record-keeping but also enables individuals to share crucial health information with healthcare professionals seamlessly.
Cloud-Connected Thermometers by Exergen
Exergen has introduced cloud-connected thermometers that cater to a broad range of industries, from manufacturing to logistics. These thermometers provide real-time temperature data, which is stored in the cloud. This innovation allows businesses to monitor temperature-sensitive processes and products remotely, ensuring quality control and compliance with industry standards.
Advancements in Display Technology
LCD Display Thermometers by Omron
Omron has embraced the latest display technology to enhance user experience. Their LCD display thermometers provide clear and easy-to-read temperature readings, making them suitable for a wide range of applications, including home use and clinical settings. Omron’s commitment to user-friendly design sets a new standard in thermometer aesthetics and usability.
Color-Coded Thermometers by Vicks
Vicks has introduced color-coded thermometers, simplifying temperature interpretation. These thermometers display different colors based on the temperature range, making it easy for users to identify fever levels quickly. Vicks’ color-coded thermometers are especially appreciated by parents, offering peace of mind during times of illness.
AI-Powered Predictive Thermometers
Kinsa’s Smart Ear Thermometers
Kinsa’s smart ear thermometers employ artificial intelligence to predict illness outbreaks. By analyzing temperature data and symptoms reported by users, Kinsa can identify potential hotspots for contagious diseases, offering valuable insights to healthcare providers and public health agencies.
Sustainable Thermometer Manufacturing
Eco-Friendly Thermometers by Geratherm
Geratherm leads the charge in sustainable thermometer manufacturing. Their eco-friendly thermometers are designed with recyclable materials and low-impact manufacturing processes, minimizing their environmental footprint. As sustainability becomes a key focus for consumers and businesses alike, Geratherm’s commitment to eco-conscious production sets them apart in the market.
Future of the Global Thermometer Market
The global thermometer market is evolving at a rapid pace, with key players continuously pushing the boundaries of innovation. From non-contact infrared thermometers to smart, connected devices and AI-powered predictive solutions, the industry is committed to meeting the ever-changing demands of consumers and businesses alike.
As emerging technologies continue to shape the thermometer market, more groundbreaking developments are expected in the near future. In this dynamic landscape, businesses looking to invest in temperature measurement solutions should carefully consider the latest offerings from these market leaders.
FAQ
What are the advantages of using infrared thermometers over traditional contact thermometers?
Infrared thermometers offer several advantages over traditional contact thermometers. Firstly, they provide non-contact temperature measurement, eliminating the need for physical contact with the object or person being measured, which is crucial for hygiene and safety. Additionally, infrared thermometers are known for their speed and accuracy, delivering results almost instantly.
How do smart thermometers with smartphone connectivity benefit users in healthcare settings?
Smart thermometers with smartphone connectivity have revolutionized temperature monitoring in healthcare. They allow patients to track their temperature trends over time, providing valuable data for doctors and caregivers. These thermometers often come with dedicated apps that can store and analyze temperature readings, helping in the early detection of fever or illnesses.
Can AI-powered predictive thermometers replace traditional diagnostic methods?
AI-powered predictive thermometers, like those offered by Kinsa, are a valuable tool for monitoring public health trends and early detection of potential outbreaks. However, they should not be considered a replacement for traditional diagnostic methods, especially in clinical settings. These thermometers are most effective when used as a part of a broader health monitoring system.
#thermometer market forecast#thermometer market#healthcare#inkwood research#market research reports#medical devices
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Body Temperature Monitoring Market Remarking Enormous Growth with Current Trends & Demands through 2029
The Body Temperature Monitoring Market is experiencing significant growth and is set to witness remarkable expansion through 2029. The monitoring of body temperature is a critical aspect of healthcare, enabling early detection and monitoring of various medical conditions, including infections and fever. The market analysis highlights current trends and demands driving the market's growth and presents promising opportunities for the forecast period up to 2029.
Current Trends: Advancements in technology have led to the development of innovative body temperature monitoring devices that offer non-invasive and continuous monitoring capabilities. Infrared thermometers, wearable temperature patches, and smart thermometers with Bluetooth connectivity are some of the popular trends in the market. Additionally, the integration of body temperature monitoring systems with electronic health records (EHRs) and telehealth platforms is streamlining patient data management and enhancing healthcare efficiency.
Demands: The demand for body temperature monitoring devices is witnessing a surge, driven by the ongoing global health crisis and the increased awareness of the importance of early detection of fever and infections. With the prevalence of infectious diseases, such as COVID-19, the need for accurate and efficient body temperature monitoring solutions has become paramount in healthcare settings, workplaces, and public spaces.
Growth Factors: The growing adoption of remote patient monitoring and telehealth services is a significant growth factor for the Body Temperature Monitoring Market. Additionally, the rise in geriatric population and the increasing prevalence of chronic diseases necessitate continuous monitoring of body temperature for early intervention and timely medical attention. Moreover, the focus on preventive healthcare and the integration of temperature monitoring solutions in wearable devices are fueling market growth.
Opportunities: The body temperature monitoring for market presents numerous opportunities for technology developers and healthcare providers. As the demand for contactless and continuous monitoring solutions increases, there is potential for the development of innovative wearable temperature monitoring devices. Moreover, the integration of artificial intelligence (AI) and data analytics in temperature monitoring systems can enhance predictive capabilities and facilitate early diagnosis of infectious diseases.
Market Forecast: The Body Temperature Monitoring Market is forecasted to witness enormous growth through 2029. The increasing adoption of remote patient monitoring solutions, rising healthcare spending, and the need for rapid and accurate fever detection in pandemic situations are anticipated to drive market expansion. Furthermore, the shift towards personalized and home-based healthcare solutions is expected to create new avenues for body temperature monitoring devices.
The Body Temperature Monitoring Market is undergoing remarkable growth, fueled by current trends and demands for non-invasive, continuous monitoring solutions. Advancements in technology, integration with telehealth platforms, and the growing adoption of wearable temperature monitoring devices are shaping the industry landscape. With an increasing focus on remote patient monitoring and preventive healthcare, the market is set to witness significant expansion through 2029.
The development of innovative temperature monitoring devices, along with the integration of AI and data analytics, offers promising opportunities for players in the industry. As healthcare systems strive to enhance patient outcomes and disease management, body temperature monitoring solutions play a crucial role in enabling early detection and intervention, contributing to improved healthcare efficiency and patient well-being.
#Medical Devices#Body Temperature Monitoring#Body Temperature Monitoring Market#Body Temperature Monitoring Market Demand#Body Temperature Monitoring Market Size#Body Temperature Monitoring Market Scope#Body Temperature Monitoring Market Trends
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Examining Patient Temperature Monitoring Market Growth and Size for Strategic Decision-Making
The global patient temperature monitoring market size is expected to reach USD 5.85 Billion in 2030 and register a steady revenue CAGR of 6.4% during the forecast period, according to latest analysis by Emergen Research. Growing population as well as increasing occurrence of infectious diseases is a major factor driving market revenue growth. The world's population is expected to grow by over 2 billion individuals during the next 30 years, from 8 billion presently to 9.7 billion in 2050, with a peak of around 10.4 billion in the mid-2080s.
Foodborne diseases, notably Campylobacteriosis, have a huge impact, hence approximately one in ten individuals fall ill each year and 33 million healthy life years are lost. During the course of many infectious diseases, body generates fever. As a result of growing worldwide population and prevalence infectious illnesses, there is a greater need for accurate patient temperature monitoring.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Patient Temperature Monitoring market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Cardinal Health, Koninklijke Philips N.V., 3M, Drägerwerk AG & Co. KGaA, BD, OMRON Healthcare, Inc., Masimo, BRAUN GMBH Industrie-Elektronik, Terumo Corporation, and PAUL HARTMANN AG
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Emergen Research has segmented the global Patient Temperature Monitoring market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2019–2030)
Wearable Continuous Monitoring Sensors
Smart Temperature Monitoring Patches
Table-Top Temperature Monitoring Devices
Non–Invasive Vital Signs Monitoring Devices
Continuous Core Body Temperature Monitoring Devices
Handheld Temperature Monitoring Devices
Mercury Thermometers
Digital Thermometers
Infrared Thermometers
Invasive Temperature Monitoring Devices
Site Outlook (Revenue, USD Billion; 2019–2030)
Non-Invasive Temperature Monitoring Devices
Oral Temperature Monitoring
Axillary and Temporal Artery Temperature Monitoring
Tympanic Membrane Temperature Monitoring
Invasive Temperature Monitoring Devices
Esophageal Temperature Monitoring
Nasopharynx Temperature Monitoring
Urinary Bladder Temperature Monitoring
Rectal Temperature Monitoring
Application Outlook (Revenue, USD Billion; 2019–2030)
Pyrexia
Hypothermia
Blood Transfusion
Anesthesia
Other applications
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Patient Temperature Monitoring Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Patient Temperature Monitoring Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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Meteorological Devices Market Recent Trends, Future Growth Analysis Forecasts 2029|
The global meteorological devices market size was valued at USD 1.39 billion in 2021. The market is projected to grow from USD 1.45 billion in 2023 to USD 1.90 billion by 2029, exhibiting a CAGR of 3.88% during the forecast period. The global meteorological devices market size is set to gain traction on account of the increasing usage of smart tools for weather forecasting, observes Fortune Business Insights™ in its report, titled “Meteorological Devices Market, 2023-2029”. Predictive analytics is assisting in the transformation of weather forecasting in the future.
Information Source:
Big data analytics is used by weather scientists to forecast future weather conditions based on current and historical data. Big data analytics also allow supercomputers to accurately predict life-threatening natural weather conditions. For example, IBM’s Deep Thunder application, powered by big data, provides forecasts of specific locations, such as particular areas in a city, to local authorities to enable them to prepare and respond in advance to weather anomalies. Weather forecasting entails predicting atmospheric conditions for a particular area at a specific time. Computer models, observations, and experience of historical weather trends and patterns are all used in such forecasting systems. These meteorological devices may be used to predict weather conditions in a fair and reliable manner.
Segments:
By type, the market is segmented into anemometer, hygrometer, thermometer, barometer, pyrometer, snow gauge, and others. By application, the market is categorized into research institutes, weather forecasting, chemical industry, biotechnical industry, weather station, environmental study, and others. By end-use, the market is divided into commercial and government & defense. By geography, the market is segregated into North America, Europe, Asia Pacific, and the Rest of the World.
List of Key Players Profiled in the Meteorological Devices Market Report:
AccuWeather Inc. (U.S.)
Airmar Technology Corporation (U.S.)
All Weather Inc. (U.S.)
Campbell Scientific Inc. (U.S.)
Kongsberg Gruppen (Norway)
MeteoGroup (a subsidiary of DTN) (Netherlands)
Observator Group (Netherlands)
Raytheon Technologies Corporation (U.S.)
Sutron Corporation (U.S.)
The Weather Company (U.S.)
Vaisala Oyj. (Finland)
Report Highlights:
The study provides in-depth reviews of existing companies that are reshaping the market's dynamics. This report offers a detailed analysis of numerous factors affecting the market. It analyses many tactics strategically and offers crucial insights such as the prevalence of major diseases in key countries, a patent snapshot, pipeline research, key mergers and acquisitions, joint ventures, and more.
Drivers & Restraints:
Growing Scope in Disaster Management to Fuel the Market
In tropical countries such as India, the range of climates is wide, with approximately 80% of the annual precipitation falling during the monsoon season. Despite the fact that the country receives seasonal rainfall, the country’s complicated monsoon winds and diffused mountain orientation result in sparse rainfall in some areas, causing water scarcity. Some areas, on the other hand, experience heavy rainfall, resulting in flooding. Every year, for instance, India suffers extensive devastation in the form of crop, home, and public utility losses, as well as human lives. As a result, government agencies such as the Central Water Resources Management Department are working to improve rural infrastructure in order to reduce losses. The demand for meteorological devices and equipment is thus rapidly expanding, owing to increased dam-building activities and rising water levels. The water levels in reservoirs in Karnataka, for example, are at alarming levels, according to the Karnataka State Natural Disaster Monitoring Centre (KSNDMC). Weather assessment technologies can thus aid in enabling governments to take proactive measures and protect vulnerable populations.
Regional Insights
Rising Adoption of Advanced Weather Forecasting Systems to Boost the North America Market
The rising demand for weather forecasting systems from the oil and gas and aviation industries is propelling the North America meteorological devices market share. The United States is predicted to dominate the market in North America, as the coastal areas of the country are regularly battered by hurricanes forming in the Atlantic Ocean and around the Gulf of Mexico.
In Asia Pacific, apart from the privately launched weather satellites, rising government investments in commercial meteorological devices and solutions are expected to drive growth. For example, Japan's Meteorological Service Act aims to expand commercial opportunities for private meteorological services in the country.
Over the forecast period, the Middle East and Africa (MEA) market is projected to expand significantly. The increasing demand for advanced weather alert solutions that warn users about potential future disasters is expected to boost the region's revenue share. The area has experienced major climate changes in recent years as a result of increasing temperatures and changes in hydrological cycles.
Competitive Landscape-
Major Players to Focus on Developing Cutting-Edge Solutions
The demand for meteorological devices is steadily increasing in countries frequently hit by natural disasters, such as India and the US, as both large and small players strive to engineer innovative climatic prediction technologies. As a result, a growing number of newcomers are entering the industry, making it more competitive. Players are also concentrating on the production of higher-performing equipment. For example, K.R Instruments created an Ultrasonic Flow Meter that measures flow, velocity, and water level using HydroVision's validated acoustic profiling technology. For global customers, the company produces high-quality, cost-effective, and creative equipment.
Industry Development-
February 2020: Phase 8 avionics has been launched by Honeywell International Inc. The primus epic cockpit on the Leonardo AW139 is being upgraded with new features, which include a track-based synthetic vision system.
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Thermochromic Materials Market Industry Share, Size, Growth, Demands, Revenue, Top Leaders and Forecast to 2028
Industry Analysis
The thermochromic materials market is expected to witness market growth at a rate of 9.35% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermochromic materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid urbanization is escalating the growth of thermochromic materials market.
Additionally, the credible Thermochromic Materials Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for FMCG industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
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Market Insights and Scope
Thermochromic materials, which are also called as colour-changing materials, refer to the type of substances that transform their colour for indicating the changes in temperature during various industrial uses, reactions, among other consumer uses. These materials assist in the identification of temperature, and changes during various processes. The increase in the demand in smart packaging application across the globe acts as one of the major factors driving the growth of thermochromic materials market. The adoption of innovative technologies such as thermochromic materials for differentiating their products, and high usage in smart textiles for fashion and home furnishing applications accelerate the market growth.
The Thermochromic Materials Market report encompasses various segments linked to FMCG industry and market with comprehensive research and analysis. These comprise industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, and company market share analysis. All the data, figures and information are backed up by well recognized analysis tools which include SWOT analysis and Porter’s Five Forces analysis. So, take business to the peak level of growth with the all-inclusive Data Bridge Market research report.
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Industry Segmentation and Size
The thermochromic materials market is segmented on the basis of type, material, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of type, the thermochromic materials market is segmented into reversible and irreversible.
On the basis of material, the thermochromic materials market is segmented into leuco dyes, liquid crystals, pigments and others.
On the basis of application, the thermochromic materials market is segmented into food quality indicators, paper, paints & pigments, thermometers, medical devices and others.
On the basis of end-use industry, the thermochromic materials market is segmented into packaging, printing & coating, medical, textile, industrial and others.
Market Country Level Analysis
The countries covered in the thermochromic materials market report are the
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
A reliable Thermochromic Materials Market marketing report proves to be the finest and excellent market research report as it is formulated with the following critical factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The FMCG business report also provides evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Industry Share Analysis
The major players covered in the thermochromic materials market reports are
OliKrom, LCR Hallcrest LLC, Indestructible Paint Limited, Chromatic Technologies Inc., MICI, New Prismatic Enterprise Co., Gem'innov, SMAROL INDUSTRY CO., LTD., Kolortek Co., Ltd, Hali Pigment co., ltd., FX Pigments Pvt. Ltd., Good Life Innovations LTD, Vipul Chemicals India Pvt Ltd., QCR Solutions Corp, and SFXC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.
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#Thermochromic Materials Market Growing Popularity#Thermochromic Materials Market Global Leading Brands#Thermochromic Materials Market drivers-advantages#Thermochromic Materials Market Segmentation-CAGR rate#Thermochromic Materials Market Demands-Size-Share-Top Trends#Thermochromic Materials Market Industry-Competitors#Thermochromic Materials Market Growth-Competition#Thermochromic Materials Market 2028 by Types-Application#Thermochromic Materials Market FMCG Industry
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Smart baby thermometers are the devices designed and used to measure the temperatures of young children and infants. This helps in diagnosing the fever or diseases and taking effective measures for further treatment. These devices are portable, easy to use, comfortable, and safe.
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Smart Meat Thermometer Market- Future Scope, Demands and Projected market Growth till 2024
A recent report published by a research nester titled “Smart Meat Thermometer Market: Global Demand Analysis & Opportunity Outlook 2016-2024” delivers detailed overview of the global Smart Meat Thermometer Market in terms of market by connectivity ,by distribution channel, by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global smart meat thermometer market is segmented into distribution channel such as online store and offline store. Among these segments, , online store segment is expected to attain a CAGR of 18.4% over the forecast period. Further, the market is expected to achieve Y-O-Y growth rate of 23.7% by the end of 2024 as compared to previous years. Online store distribution segment is expected to contribute 69.8% in the terms of value in 2024 as compared to the contribution of 71.5% in 2016.
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Global smart meat thermometer market reached USD 37,073.7 Thousand in terms of value in 2016 and is expected to reach USD 167,446.6 Million by the end of 2024, expanding at a CAGR of 21.7% over the forecast period i.e. 2017-2024. Moreover, the smart meat thermometer market accounted for 445.4 Thousand units in 2016 in terms of volume and is expected to reach 1,656.5 Thousand units in 2024, expanding at a CAGR of 18.8% over the forecast period.
In terms of regional platform, U.S. smart meat thermometer market reached USD 19,583.4 Thousand in 2016 and is expected to reach USD 75,246.5 Thousand by the end of 2024, expanding at a CAGR of 19.3% over the forecast period i.e. 2017-2024. In the terms of volume, U.S. smart meat thermometer market is anticipated to reach 793.5 thousand units in 2024 from 250.6 Thousand units in 2016.
In the terms of value, Asia Pacific market is expected to showcase a significant CAGR during the forecast period i.e. 2017-2024. Increasing consumption of meat and rising awareness are expected to positively impact the growth of smart meat thermometer market in Asia Pacific.
Rapid Urbanization and Rising Disposable Income
Improving lifestyles due to rise in income level, especially in the developing countries such as India, China, South Africa and Brazil is the key factor which is believed to fuel the demand for smart meat thermometer during the forecast period.
Further, rising urban population across the globe, characterized by urban upper class and high net worth individuals, has led to a strong demand for smart and connected products such as smart meat thermometer.
Rising Consumer Awareness
Rising health and hygiene concerns along with rising personal disposable income of consumers are believed to foster the growth of global smart meat thermometer market.
Further, increase in the global population coupled with advancement in the smart technology and growing demand for convenience products due to increasing personal disposable income are some of the major factors likely to foster the demand for smart meat thermometer.
In contrast with, High cost of technologically advanced smart meat thermometer is anticipated to limit the growth of smart meat thermometer market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global smart meat thermometer market which includes company profiling of includes:
Taylor Precision Products Inc.,
Apption Labs, Cappec,
Weber Stephen Products,
Inkbird Tech.,
Maverick House Wares,
G & C Ltd.,
Lavatools,
Thermo Works, Inc, and Loki.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart meat thermometer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart meat thermometer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Globle Smart Thermometer Market- Industry News, Trends, Share, Growth, Opportunity and Forecast-2024
Smart Thermometer Market By Usage (Medical, Food industry, Cooking Smart Thermometers, Meat Smart Thermometers, Oven Smart Thermometers, Food Probe Smart Thermometers, Fridge Freezer Smart Thermometers, Pocket Smart Thermometers, Industrial, Laboratory, Others) By Distribution Channel (Online Store, Offline Store) and Region - Global Forecast 2016 to 2024.
Smart thermometer is referred to a device which measures the temperature of the body, food and other things. Smart thermometer records the temperature of the person and it also helps the person to remind when to take the medicine. Smart thermometers are widely used by different sectors such as healthcare, food industry and others.
Market Size and Forecast
Global Smart Thermometer Market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. Further, the factors propelling the growth of smart thermometer market include increasing healthcare concerns among the population and growing diseases such as chronic fever, malaria, swine flu and other diseases which can be diagnosed by observing body temperature. Moreover, the medical sector by usage is anticipated to witness highest market share in overall smart thermometer market. Rising adoption of advanced healthcare technology by medical sector is believed to foster the growth of smart thermometer market by the end of 2024.
Regionally, North America is the leading market for smart thermometer in terms of revenue. Further, the region is anticipated to continue its dominance over the forecast period owing to the increasing demand for smart thermometer from healthcare sector. The U.S. holds the largest market for smart thermometer in North America region. Moreover, advancement technology related to measuring temperature is also expected to flourish the growth of smart thermometer market.
Europe region grabbed the second largest market of smart thermometer owing to growing adoption of quick and safer healthcare devices. Further, rising demand for smart thermometer can be witnessed from food and beverage industry in Europe region by the end of 2024.
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Moreover, Europe smart thermometer market is led by U.K. and France owing to growing awareness towards high body temperature diseases. Asia-Pacific region is projected to witness a robust growth by the end 2024 owing to the growing economies such as China and India. Further, rising disposable income and rapid urbanization are expected to bolster the growth of smart thermometer market in Asia-Pacific region.
Market Segmentation
Our in-depth analysis segmented the global smart thermometer market in the following segments:
By Usage
Medical
Food industry
Cooking Smart Thermometers
Meat Smart Thermometers
Oven Smart Thermometers
Food Probe Smart Thermometers
Fridge Freezer Smart Thermometers
Pocket Smart Thermometers
Industrial
Laboratory
Others
By Distribution Channel
Online Store
Offline Store
By Region
Global smart thermometer market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and Africa (GCC, South Africa, North Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
Rising number of medical conditions requiring accurate measurement and growing adoption of smart thermometers by clinics, hospitals and others for quick and safer test results are anticipated to be the dynamic factor behind the rapid growth of smart thermometer market. Further, increasing demand for smart thermometer from food industry is also projected to foster the growth of smart thermometer market by the end of 2024. Moreover, increasing awareness about the effects of overcooking and undercooking of foods such as toxicity, digestion problems, loss of nutrients and others is substantially raising the demand for smart food thermometer in various food industries and restaurants.
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Furthermore, the market is growing on the back of rising demand for smart thermometers from chemicals, pharmaceuticals and others owing for the maintenance of an environment of specific temperature. Apart from this, rising e-commerce channel expansion and increasing preferences for online purchases is likely to expand the market size of the smart thermometer market.
However, high cost of smart thermometers is the major restraining factor for the growth of this market. Moreover, lack of awareness is also envisioned to hamper the growth of smart thermometer market across the globe.
Key players
The major key players for smart thermometer market are as follows
Electronic Temperature Instruments Ltd.
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
Kinsa
Smarttemp
Nokia
Vicks
Swaive
Testo
Williams Sonoma
Zeraph
ThermoWorks
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global smart thermometer market is segmented as follows:
By Usage Market Size & Y-O-Y Growth Analysis
By Distribution Channel Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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