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Smart Thermometer Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 04:58 AM, 20th April, 2018 REP-ID-379 Category: ICT & Electronics

Smart Thermometer Market Overview

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

The 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.

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. 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.

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

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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