San Jose, California (PRWEB) November 09, 2011
Follow us on LinkedIn – Though the recession derailed the momentum in the temperature monitoring devices market, the market is on a recovery mode. Advancements in the medical self care market and technological innovations are resulting in the rapid development of thermometers market, and contributing to the launch of several innovative thermometers including infrared aural units, under arm digital thermometers, and battery-operated flexible-tip oral products. Though thermometers are widely used in the home healthcare sector, there exist enormous growth opportunity for clinical thermometers.
As stated by the new market research report on Temperature Monitoring Devices, the US continues to remain the largest regional market. The demand is increasing for sophisticated thermometers, in particular temperature measurement devices that not only provide accurate reading but are also easy to handle. Growth is also attributed to rising health awareness and an aging population that has led to focus on home healthcare sector. The home consumers generally use temperature measurement instruments for tracking physiological changes, and for monitoring personal health. Asia-Pacific represents the fastest growing regional market displaying a CAGR of about 7.2% over the analysis period, with growth primarily attributed to the rising concerns on personal health, and increased acceptance of digital medical equipment.
Digital thermometers continues to be the largest segment, while infrared thermometers constitutes the fastest growing segment. Digital thermometers are currently preferred over mercury-in-glass thermometers as they are faster, economical, and record temperature with greater precision. Growth is primarily driven by the increasing use of digital thermometers as replacement for the conventional mercury-based thermometers. Mercury thermometers are being phased out across most developed markets, due to rising concerns about the use of mercury in thermometers. The trend has also led to the development of a completely new line of innovative thermometers including digital, electronic, and infrared thermometers, which are expected to drive future growth. In addition, revenue growth is anticipated from the large-scale adoption of expensive infrared ear and forehead thermometers, as alternatives for the relatively inexpensive digital stick thermometers.
Intense competition has led thermometer manufacturers to develop superior products based on advanced technologies, as part of their efforts to gain a competitive edge. Several advanced thermometers with digital displays, faster readings, easy to use, and greater accuracy have flooded the world market place in the recent past. For instance, infrared thermometers market has witnessed the new technologies in the form of non-contact and temporal thermometers, as alternatives to conventional tympanic thermometers. On the other hand, manufacturers in the digital thermometers market have incorporated thermometry technology within pacifiers to capitalize on the opportunities in the infant care market. Disposable thermometers have been developed to address the infection control requirements of clinical and alternative care environment. Thermometers, incorporating non-contact thermometry technology, are aimed at high-income consumer segment.
Major players in the marketplace include A&D Medical/LifeSource, Actherm Inc., American Diagnostic Corporation, Briggs Healthcare, Covidien, Exergen Corporation, Geratherm Medical AG, Hicks Thermometers (India) Limited, Kaz Incorporated, Microlife Corporation, Omron Healthcare Inc., Opto Circuits (India) Limited, Radiant Innovation Inc., RG Medical Diagnostics, Terumo Corporation, and Welch Allyn Inc.
The research report titled “Temperature Monitoring Devices: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Thousands) for product segments Digital Thermometers, Infrared Thermometers, Electronic Temperature Monitors, and Temperature Strips, across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia Pacific, Latin America, and Rest of World.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Temperature_Monitoring_Devices_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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