Expanding Healthcare Infrastructure to Propel the China Thermometer Market through 2016

Transparency Market Research (TMR), a market intelligence company based in U.S. states that China thermometer market will worth US$111.2 million in 2016. As per TMR findings, the China thermometer market valued US$69.8 million in 2011 and is projected to grow at a CAGR of 9.8% between 2010 and 2016. The report titled, “China Thermometer Market - Temperature Measurement And Monitoring Devices Market: China Industry Analysis, Size (Volume-Value), Trend and Forecast (2010 - 2016)” is available for sale on the company website.The TMR market study states that expanding healthcare infrastructure and prevention initiatives for mercury related pollution are the major factors propelling the China thermometer market. Additionally, increased use of digital display thermometers for domestic purpose and laboratory applications are driving the thermometer market in China.

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For the purpose of the study, the study segments the China thermometer market by category and products. In terms of product categories, the market is classified as Mercury-based and Mercury free. On the basis of product type, the TMR study classifies China thermometer market into Mercury-free, LCD thermometer, Infrared thermometer, and others. Further mercury-free thermometers market is sub-segmented into resistance temperature detectors, digital thermometer, and thermocouples.As per the study findings, China is the largest manufacturer of mercury-based thermometers having production of over 150 million devices per year both for domestic and export purpose. As such, China thermometer market is predominantly held by mercury-based thermometers by volume. Further, TMR study finds out, mercury-based thermometers held 54.8% of the market in 2011, accounting for revenue of US$38.26 million.



However, growing awareness for mercury catalyzed pollution and global initiatives to reduce consumption of mercury have stimulated the demand for mercury-free and other digital devices in China thermometer market. As such, mercury-based thermometers market is anticipated to witness negative growth for the forecast period. According to the publication, mercury-free temperature measurement devices will account for 68.8% revenue of the China thermometer market in 2016. The mercury-free thermometer devices market is anticipated to be at US$ 76.78 million in 2016 growing at CAGR of 19.5% between 2011 and 2016.Moreover with regards to volume, the market for mercury-free thermometer devices in China is projected to grow at 21.3% between 2011 and 2016, as per the study. Owing to the demand of mercury-free thermometer devices, the mercury-based thermometer devices are anticipated to register decelerated growth at CAGR of 1.9% and 2.0% in terms of revenue and volume.

The TMR study also finds out unit price for mercury-based thermometer will not change significantly from US$0.403 in 2012 to US$0.404 in 2016. Also, the unit price for mercury-free thermometer will change from US$7.6 in 2011 to US$7.1 in 2016. Overall as per the TMR study analysis, the average unit selling price of thermometers in the market is expected to increase from US$0.7 in 2011 to US$1.1 in 2016.

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This release was published on openPR.