Smart Thermometer Market:
Growth opportunities in the Smart Thermometer Market look promising over the next six years. This is mainly due to the increasing demand in hotels and evolution of Artificial Intelligence, IoT and smart device in the healthcare and medical industry.
Smart Thermometer Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The drivers responsible for the growth of the global smart thermometer market include the increasing demand led by the benefits of implementing these thermometers, augmenting demand across restaurants and hotels with the growing expansion of IoT, Artificial intelligence, and smart devices in the healthcare and medical sectors. T-SMART, a Singapore-based company, in March 2021 launched AI-powered non-contact temperature monitoring devices named Trace-Temp1. Also, in April 2020, Rinsfox, April 2020 the thermometer manufacturer decided to introduce the World’s Smallest Wearable Smart Thermometer for Temperature Monitoring up-to-the-minute, and the company also developed Indiegogo Crowdfunding Campaign to create consciousness among the people. For instance, WEECARE, the developer of the world’s smallest ongoing temperature monitoring product, Temp Pal, declared that an increase of 2.4 million in extended pre-series A financing. TransLink Capital, a Silicon Valley-based venture capital firm with prime emphasis on Asia, led the round of fundraising.
Moreover, the surging cases of coronavirus pandemic across the nation require thermometers to check the temperature of a human body. In accordance with the world meter statistics, the worldwide Covid-19 infected cases reached almost 140 million with 3 million deaths and are increasing at a rapid pace. It resulted in massive demand for the market to provide the body temperature conditions at checking points like airports, hotels, railway stations, bus stations, hotels, and other public places to detect infected patients. However, the high price of sensors and variation in the raw material may curb the market size.
Application Segment Drivers
Based on the application, medical and hospitality is expected to dominate the market over the forecast period. This is primarily attributed to the escalating demand led by the widespread outbreak of the COVID-19 pandemic. Also, the accelerated demand for advanced & smart healthcare devices in the hospitals to measure temperature for quick readings will strengthen the market share.
Smart Thermometer Market’s leading Manufacturers:
- Koninklijke Philips N.V.
- Microlife Corporation
- OMRON Corporation
- CITIZEN SYSTEMS JAPAN CO., LTD
- ELECTRONIC TEMPERATURE INSTRUMENTS LTD.
- THERMO FISHER SCIENTIFIC, INC
- PANASONIC CORPORATION
- Resideo Technologies, Inc.
- Welch Allyn
- KINSA INC.
- BRIGGS HEALTHCARE
- KONINKLIJKE PHILIPS N.V.
Smart Thermometer Market Segmentation:
Segmentation by Type
- Human Health
- Oral Thermometer
- Basel Thermometer
- Ear Thermometer
- Baby Thermometer
- Kitchen & Household
Segmentation by Product
- Mercury-Based Thermometers
- Mercury-Free Thermometers
Segmentation by Connectivity
- Wired
- Wireless
Segmentation by Distribution Channel
- Online
- Company-owned Websites
- E-commerce Websites
- Offline
- Medical Stores
- Specialty Stores
Segmentation by Application
- Food
- Medical and Hospitality
- Industrial
- Others
- Public Cloud
- Private Cloud
- Hybrid Cloud
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
