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Trends and Projections in the North America Thermometer Market 2023-2032

02-16-2024 12:19 PM CET | Health & Medicine

Press release from: Inkwood Research

North America Thermometer Market

North America Thermometer Market

The North America Thermometer Market is on a significant upward trajectory, projected to achieve a Compound Annual Growth Rate (CAGR) of 6.83% during the forecast period from 2023 to 2032. With an anticipated revenue of $1063.92 million by the end of 2032, this market underscores the region's growing demand for temperature measurement devices across various sectors, including healthcare, industrial, and consumer markets. The United States and Canada are the primary countries driving this market's growth, fueled by advancements in healthcare infrastructure, heightened awareness regarding health monitoring, and the integration of technology in medical devices.

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Leading the charge in the North America Thermometer Market are major companies such as 3M, A&D Medical, American Diagnostic Corporation, Beurer GmbH, Briggs Healthcare, EASYWELL BIOMEDICALS, Exergen Corporation, FAIRHAVEN HEALTH, Medline Industries Inc, Microlife Corporation, OMRON Healthcare Inc, RG Medical Diagnostics, Terumo Corporation, and Welch Allyn. These companies are pivotal in shaping the market through innovation, offering a wide range of thermometer types including digital, infrared, and mercury-free thermometers, catering to the diverse needs of the North American population.

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The growth of the North America Thermometer Market is attributed to several factors. The increasing prevalence of infectious diseases and the consequent need for accurate temperature monitoring, the growing preference for non-contact thermometers amid pandemic concerns, and the rise in healthcare expenditure are key drivers. Additionally, technological advancements leading to more accurate, user-friendly, and faster thermometers are enhancing consumer adoption rates.

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Moreover, regulatory support for medical devices and the push for home healthcare solutions are further propelling the market. As North America continues to focus on healthcare accessibility and innovation, the thermometer market is expected to see substantial growth, providing advanced solutions for both clinical and home settings. This growth not only reflects the market's current potential but also its future in transforming healthcare practices through reliable and advanced temperature monitoring technologies.

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