NORTH AMERICA THERMOMETER MARKET FORECAST 2023-2032

The North America thermometer market growth evaluation includes the assessment of the United States and Canada. The United States thermometer market growth is propelled by the consistently high demand for precise temperature measurement devices, given the stringent healthcare regulations, a substantial patient population, and the maturity of the healthcare market. It is noteworthy that the National Health Expenditure (NHE) increased by 2.7% to reach $4.3 trillion in 2021, accounting for 18.3% of the Gross Domestic Product (GDP). This underscores the substantial financial commitment within the healthcare sector.

Additionally, the demographic shift towards an aging population, constituting 16.8% of the total population in 2020, necessitates frequent temperature monitoring, thereby further augmenting sales of thermometers. Furthermore, the rising prevalence of fever-causing diseases, such as malaria and dengue fever, underscores the critical role of accurate temperature measurement in early detection and management.

Moreover, in the industrial domain, stringent regulatory standards and the presence of well-established industries have significantly contributed to the growth of the industrial thermometer segment. The prospect of a potential overhaul and resurgence in the U.S. manufacturing sector has the potential to further bolster the demand for industrial thermometers. With substantial government investments in healthcare and ongoing innovations, the thermometer market is establishing itself as an indispensable component of both the U.S. healthcare and industrial sectors.

The North America thermometer market segmentation includes application and product type. The application segment includes laboratory, food, industrial, medical, and other applications.

The laboratory application segment of the thermometer market is experiencing notable growth, primarily attributed to the increasing prevalence of automation and digitalization within laboratory environments. Thermometers play a pivotal role in these automated systems by delivering real-time temperature data, thereby enhancing process optimization. In the broader context of thermometer market applications, the laboratory sector assumes a central position. Laboratories across diverse scientific domains heavily rely on thermometers for precision temperature measurement, a fundamental requirement for experiments, research endeavors, and quality control protocols.

Thermometers serve as indispensable tools within laboratory settings, ensuring the precision and replicability of scientific investigations. Whether monitoring chemical reactions, conducting biological experiments, or investigating physical phenomena, scientists and researchers place significant reliance on thermometers to acquire dependable temperature data. These instruments play a crucial role in advancing the realms of chemistry, biology, physics, and environmental science, thereby contributing significantly to the pursuit of scientific knowledge. The laboratory application segment underscores the irreplaceable role of thermometers in facilitating precise and regulated temperature conditions, which are essential for fostering breakthroughs in scientific discovery and innovation.

Some of the eminent firms operating in the North America thermometer market are American Diagnostic Corporation, 3M, Medline Industries Inc, A&D Medical, etc.

3M manufactures and distributes industrial products and solutions. The product portfolio includes roofing granules, home care, display materials & systems, closure & masking systems, etc. Also, it offers several solutions for consumer healthcare, oral care, food safety, etc. The company caters to different industries like energy, safety, healthcare, electronics, and automotive. It is headquartered in St. Paul, Minnesota, the United States and has manufacturing and converting facilities in the Middle East & Africa, Europe, the Americas, and Asia-Pacific.

One of its key products, the 3M™ Bair Hugger™ temperature monitoring system, is a non-invasive, easy-to-use, and accurate temperature monitoring system.