Portable Thermometer Market Size, Share, Opportunities, And Trends By Type (Digital thermometers, Infrared thermometers, Thermocouple thermometers), By Application (Temperature Measurement, Humidity Measurement), By End-User (Residential, Industrial), And By Geography - Forecasts From 2025 To 2030

Description

Portable Thermometer Market Size:

Portable Thermometer Market is expected to grow at a 6.05% CAGR, increasing to USD 5.528 billion by 2030 from USD 4.120 billion in 2025.

Portable thermometers are handheld devices that are used to measure the temperature of objects or environments. They are designed to be easily transportable and can be taken to different locations to perform temperature readings. Digital thermometers, infrared thermometers, and thermocouple thermometers are a few types of portable thermometers. They are an important tool for ensuring accuracy and safety in a wide range of applications where the temperature is critical. Increasing demand for temperature measurement devices, advancements in technology, rising awareness of health and safety, etc. are some of the driving factors of the global portable thermometer market.

Portable Thermometer Market Growth Drivers:

• The increasing adoption of home healthcare is a driving factor of the portable thermometer market.

Portable thermometers are frequently used in home healthcare settings, where patients and their caregivers can easily monitor temperature readings. The increasing adoption of home healthcare is driving the demand for portable thermometers. According to The Bureau of Labour Statistics, in America, home healthcare services had an estimated workforce of around 1.53 million in 2019. The growing need for home healthcare services to ensure the safety of the people has given rise to many healthcare startups which boost the market of portable thermometers, as they are an integral part of this industry. For instance, in December 2021, Kenbi, a Berlin-based startup enabled by technology, secured approximately €23.5 million in funding to expand its network and introduce its innovative healthcare-at-home solution. The increasing healthcare expenditure across several countries is a testament to the growth of home healthcare services. According to OECD data, healthcare spending as a percentage of GDP in the United States, France, and Germany has risen from 16.68% to 17.78%, 11.10% to 12.39%, and 11.70% to 12.80% respectively from 2019 to 2021. Initiatives taken by the government to improve the home healthcare system of the countries are another factor that drives the growth of the portable thermometer market.  For example, in February 2022, a new agreement worth €50 million was announced by the Government of France and WHO to aid the healthcare system of various countries in overcoming bottlenecks in the COVID-19 response. Thus, all these factors come together to drive the growth of the portable thermometer market.

Portable Thermometer Market Geographical Outlook:

• The Asia-Pacific region is expected to show significant growth potential in the coming years.

Portable thermometers are widely used in healthcare for measuring body temperature. They are commonly used by healthcare professionals, such as nurses and physicians, to quickly and accurately assess a patient's temperature. Factors such as the growing healthcare industry, increasing awareness of health and safety, and rising demand for temperature measurement devices in various industries are some of the reasons why this region is forecasted to show growth in the portable thermometer market in the coming years. Additionally, the increasing adoption of digital technology and the rising demand for non-contact thermometers are expected to further drive the growth of the portable thermometer market in the Asia-Pacific region. Data from OECD and OECD Stat shows that the government health expenditure as a share of GDP in Japan has gone up from 9.20% in 2019 to 9.28% in 2021. Similarly, this number has increased from 4.96 in 2019 to 5.68% in 2021 in South Korea. World Bank reported that in 2019, China's health expenditure as a percentage of GDP was 5.4%, and it is increasing at an average annual rate of 1.00%. According to the same source, in 2019, health expenditure per capita for India was 64 US dollars and is increasing at an average annual rate of 6.91%. According to the Australian Institute of Health and Welfare, in 2019–20, health spending accounted for 10.2% of the gross domestic product (GDP) in Australia, 0.2 percentage points higher than in 2018–19. Also, governments funded $142.6 billion of the total health expenditure (70.4%) with non-government sources funding the remaining $59.9 billion (29.6%) for the same time frame. The government initiatives that were taken to improve the overall healthcare system in these regions also play a role in the development of the portable thermometer market. For instance, in September 2022, as part of its economic stimulus package, the State Council of China, unveiled a loan incentive policy worth CNY1.70 trillion (equivalent to US$246.40 billion) whose objective of this policy is to improve and modernize the equipment in public healthcare buildings, universities, and medical facilities. In February 2023, The Ministry of Health & Family Welfare (MoHFW) in India collaborated with the WHO Country Office for India to organize a workshop expediting patient safety in India. The convergence of such initiatives, along with the surging demand for enhanced healthcare services, is anticipated to propel the growth of the portable thermometer market in these regions.

Segmentation

• By Type
  • Digital thermometers
  • Infrared thermometers
  • Thermocouple thermometers
• By Application
  • Temperature Measurement
  • Humidity Measurement
• By End User
  • Residential
  • Industrial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Suadi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others

Table Of Contents

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

5. PORTABLE THERMOMETER MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Digital thermometers

5.3. Infrared thermometers 

5.4. Thermocouple thermometers

6. PORTABLE THERMOMETER MARKET ANALYSIS, BY APPLICATION

6.1. Introduction

6.2. Temperature Measurement

6.3. Humidity Measurement

7. PORTABLE THERMOMETER MARKET ANALYSIS, BY END USER

7.1. Introduction

7.2. Residential

7.3. Industrial

8. PORTABLE THERMOMETER MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South Amercia

8.3.1.  Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. UK

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Suadi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacifc

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Australia

8.6.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. OMEGA Engineering Inc.

10.2. Gilson Company Inc.

10.3. HANNA Instruments Inc.

10.4. Novus Automation Inc.

10.5. Testo SE & Co. KGaA

10.6. PCE Deutschland GmbH

10.7. Libratherm Instruments Pvt Ltd.

10.8. Optris GmbH

10.9. Atel Electronics

10.10. Isolab Laborgeräte GmbH

Companies Profiled

OMEGA Engineering Inc.

Gilson Company Inc.

HANNA Instruments Inc.

Novus Automation Inc.

Testo SE & Co. KGaA

PCE Deutschland GmbH

Libratherm Instruments Pvt Ltd.

Optris GmbH

Atel Electronics

Isolab Laborgeräte GmbH

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