Growing Medical Self-Care Market to Spur Sales of Temperature Monitoring Devices, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Temperature Monitoring Devices markets. Global market for Temperature Monitoring Devices is projected to reach US$878.6 million by 2018, driven by the launch of innovative thermometers and expanding medical self-care market.

Temperature Monitoring Devices: A Global Strategic Business Report

Follow us on LinkedIn – Thermometers for clinical application have come a long way since their introduction in the 19th century. However, as concerns over the use of mercury in thermometers became rife over the past decade, mercury thermometers have been phased out in various developed markets across the globe. This, in turn, led to the introduction of a new range of thermometers such as digital thermometers and infrared thermometers, as well as thermometers containing gallium/ indium/tin alloy. Other technological advancements that have sent ripples across the market are infrared aural units, under arm digital thermometers, and battery-operated flexible-tip oral products. Revenue growth also stems from increasing adoption of expensive infrared forehead and ear thermometers as replacements for digital stick thermometers. The market is also set to gain from the increasing penetration of mercury-free thermometers in developing markets.

Thermometers are usually rated based on accuracy and ease of use features. Companies are increasingly focusing on the development of user-friendly products with ergonomic designs that make the temperature taking process easy and quick. Following the significant progress in microelectronics, companies are making great strides in thermometry with the inclusion of smaller and sensitive infrared sensors. On the other hand, manufacturers of digital thermometers have incorporated thermometry technology within pacifiers to capitalize on the opportunities in the infant care market. Use of non-contact thermometers is expected to be driven by rising awareness about infection control. Disposable thermometers are gaining in demand as hospitals and other healthcare organizations gear up to address infection control issues.

Sales of thermometers follow a seasonal pattern following the flu season. Outbreak of flu epidemics generates business opportunities for thermometer manufacturing companies. Sales of thermometers spike during pandemics such as H1N1, when consumer spending on treatment, sanitizing and preventative products is the highest.

As stated by the new market research report on Temperature Monitoring Devices, the United States represents the single largest market worldwide. With a projected CAGR of 7% over the analysis period, Asia-Pacific is forecast to emerge as the fastest growing market. The recent years have witnessed an increasing number of hospitals in countries such as China and India replacing the age-old mercury thermometers with digital thermometers.

Digital Thermometers represents the largest product market. Having evolved as a result of technological advancements in clinical thermometry, digital thermometers are increasingly finding preference among consumers. This is due to the fact that digital thermometers are considered faster, economical, and capable of recording temperature with greater precision compared to glass/mercury thermometers.

Major players covered in the report include 3M Co., A&D Medical / LifeSource, American Diagnostic Corporation, Briggs Healthcare, Covidien plc, Exergen Corporation, Geratherm Medical AG, Hicks Thermometers (India) Limited, Kaz Incorporated, LCR Hallcrest LLC, Omron Healthcare Inc., Opto Circuits (India) Limited and Terumo Corporation, among others.

The research report titled “Temperature Monitoring Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product markets analyzed include Digital Thermometers, Infrared Thermometers, Glass (Mercury Thermometers), Electronic Temperature Monitors and Temperature Strips.

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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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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