China Thermometers Market By Product Type (Mercury, Mercury Free (Digital Thermometer, LCD Thermometer, Infrared Thermometer, Others)), By End User (Hospitals, Clinics, Research Labrotories, Ambulatory Services And Others) is estimated to be valued at US$ 283.5 million in 2023 and is expected to exhibit a CAGR of 15% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Key market players are focused on adopting organic growth strategies such as launch of new products, which is expected to drive the china thermometers market during forecast period. For
instance, in October 2020, CHINO corporation is manufacturing, supplying and exporting a wide range of process instruments, sensors and systems for the measurement of temperature, moisture and humidity, launched IR-CZ radiation thermometer. It can be used for the measurement of middle to high tempreture ranges.
China Thermometers Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems with regard to the transportation of equipment from one place to another.
COVID-19 had a positive impact on the China Thermometers market. For instance, according to Centers for Disease Control (CDC) in June 2021, during the 2020 season, around 35.5 million individuals were diagnosed with influenza, out of which 16.5 million people visited physician, and 490,600 were hospitalized. Similarly, India has a high burden of infectious diseases such as influenza virus, scrup typhus, malaria, dengue, and Kyasanur Forest Disease virus including current pandemic of coronavirus. These diseases account for over 80% of illnesses that start with a high fever as per the Centers for Disease Control (CDC) report. These are the major factors expected to drive growth of thermometers over the forecast period.
China Thermometers Market: Key Developments
In June 2022, Exergen Corporation, is manufracturer of infrared temperature measurement technologies for medical applications, launched the TAT-2000 for professionals and the TAT-2000C for consumers at the medical fair china.
In July 2020, Detel Pro, manfacurer of Intelligent Infrared digital thermometer, launched a digital thermometer, DT09. This intelligent digital thermometer has unique features, such as calibrating mode that helps adjust the temperature according to the environment.
In February 2022, Calera, develops a cementitious material that provides significant economic saving and reduces CO₂ emission in U.S., launched a wearable thermometer. A miniaturized sensor and AI-based algorithm defined the Calera technology.
In October 2020, Masimo is a medical technology company that develops and manufactures innovative noninvasive patient monitoring technologies, launched the Radius T continuous Thermometer for consumers. Wireless Radius T measures body temperature by continuously transmitting data and customizable temperature notifications to the User's smartphone.
Browse 34 Market Data Tables and 26 Figures spread through 176 Pages and in-depth TOC on “China Thermometers Market”- Forecast to 2030, China Thermometers Market By Product Type (Mercury, Mercury Free (Digital Thermometer, LCD Thermometer, Infrared Thermometer, Others)), By End User (Hospitals, Clinics, Research Labrotories, Ambulatory Services And Others).
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/china-thermometers-market-4000
Key Takeaways of the China Thermometers Market :
- The China thermometers market is expected to exhibit a CAGR of 15% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the China thermometers market.
- Among Product type, the mercury Free is expected to dominate the market over the forecast period and this is attributed to the digital thermometers are easier to handle, safer, and more accurate. According to the data published by Southern Trading Company, in July 2022, digital infrared thermometers have several advantages over traditional glass mercury thermometers, such as faster results, better accuracy, and safer use. Apart from the advantages of digital mercury-free thermometers, the major factors boosting the segment's growth are the increasing prevalence of infectious diseases, where measuring body temperature is the main diagnosis, and accurate measurement of the temperature is required.
- Major players operating in the China thermometers market include B. Braun Medical Inc., Microlife Corporation, Radiant Innovation Inc., Guangzhou JinXinBao Electronic Co., Ltd., Easywell Bio, Shenzhen Dongdixin Technology Co., Ltd., AViTA, Shenzhen Brav Electronic Technologies Co., Ltd., Shanghai Feilong Meters & Electronics Co., Ltd., Guangzhou Berrcom Medical Device Co., Ltd., Hangzhou Hua’An Medical & Health Instruments Co., Ltd., Sinnyuan Industrial Co., Ltd., Shenzhen Sekinno Equipment Co., Ltd., and Guangzhou JT Electronic Co., Ltd.
