Smart Thermometer Market

Introduction of the Smart Thermometer Market Report

Smart Thermometer is an electronic medical device that measures the temperature of the food, body, and other things. Increasing demand for the smart thermometer in the food industry for restaurants, hotels, and other food services due to rising health cautiousness during the COVID-19 pandemic have impelled the market growth. The smart contactless thermometers are widely used for detecting the symptoms such as body temperature of the people which impelled the market growth used in the public and private places across the globe. Further smart devices can be connected via Bluetooth wirelessly to smartphones and tablets which displays the temperature on these smart thermometer devices.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global smart thermometer industry market include growing demand due to benefits associated with the usage of smart thermometers, surge in demand for smart thermometers in hotels & restaurants with rising evolution of Artificial Intelligence, IoT and smart device in the healthcare and medical industry. For instance, in March, 2021, T-SMART a Singapore-based company has invented AI-powered non-contact temperature monitoring devices named Trace-Temp1. Also, in April 2020, Rinsfox one of the thermometer manufacturer have planned to develop the World’s Smallest Wearable Smart Thermometer for Temperature Monitoring up-to-the-minute and the company also launched Indiegogo Crowdfunding Campaign for creating awareness among the people. For instance, WEECARE, the developer of the world’s smallest continuous temperature monitoring product, Temp Pal, announced that it raised $2.4 million in extended pre-series A financing. TransLink Capital, a Silicon Valley-based venture capital firm with a specific focus on Asia, led the round of fundraising

Further demand for the smart thermometer market is driven by the increasing prevalence of Covid-19 cases around the globe which require thermometers to check the body temperature of the human being. For instance, according to the worldometer statistics, the global Covid-19 infected case reached to more than 140 million with 3 million deaths worldwide and the cases are increasing at a rapid pace. It created a massive demand for the growth of the smart thermometer market for providing the body temperature conditions at checking points such as railway stations, airports, bus stations, hotels, and many other public places to detect infected Covid-19 patients across the globe.

Restraint in the Smart Thermometer Market

However, high prices of sensors and fluctuations in the raw material may hamper the market growth.

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Product – Segment Analysis

Based on the product, mercury-based thermometers segment is expected to grow at the fastest rate in the global smart thermometer market during the forecast period in 2020, owing to rising demand in the healthcare industry with surge in the global prevelence of the infectious diseases such as influenza, Covid-19 etc. The mercury-based thermometers offer accurate readings with quick reaction to changes of temperatures, and have higher temperature measuring capacity due to higher melting point.

Type – Segment Analysis

Based on the type, human health segment is projected to have the largest market share over the forecast period in the global smart thermometer market in 2020, owing to rising healthcare is primarily due to rising healthcare spending among the people around the globe owing to rising health cautiousness. For instance, according to World Health Organization in 2017, global healthcare spending reached US$ 7.8 trillion that is about 10% of GDP which is expected to witness potential growth for smart thermometer market.

Connectivity- Segment Analysis

Based on the connectivity, wireless segment is projected to have the largest market share over the forecast period in the global smart thermometer marketin 2020, owing to rising adoption of advanced technology thermometer for sensing body thermometer during the Covid-19 pandemic. Also, leading players are developing new more accurate temperature sensing smart thermometer. For instance, in December 2020, Celsium launched the medical grade “most accurate” wearable smart thermometer. This smart thermometer offers an accuracy of +/- 0.2oC as the most accurate on the market.

Distribution Channel- Segment Analysis

Based on the distribution channel, medical stores segment is projected to have the largest market share over the forecast period in the global smart thermometer market in 2020 owing to rising demand during the COVID-19 pandemic for detecting the symptoms of the corona virus infections.

Application – Segment Analysis

Based on the end-user, medical and hospitality segment is projected to have the largest market share over the forecast period in the global smart thermometer market in 2020, owing to rising demand during the COVID-19 pandemic. Also, growing demand for the advanced & smart healthcare devices in the hospitals for temperature measurement for quick readings is expected to strengthen the market growth.

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Regional – Segment Analysis:

Based on the region, North America region is dominated the global smart thermometer market in 2020, due to increasing prevelence of the infectious and rare diseases such as flu, Covid-19, influenza with surge in the consumer’s health awareness and surge in the consumer’s spending on healthcare. For instance, according to the Worldometer Information, in April 2021, in United States, more than 31.8 million cases have been diagnosed with 568,000 number of people died. Thus, the COVID-19 infection cases are increasing at rapid pace in this region which created massive demand for the smart wireless digital thermometer to check the body temperature of the people.

Moreover, increasing demand of quick temperature measuring devices in health, pharmaceutical, food, automobile, and laboratory is expected to strengthen the market growth. Also, growing health awareness in North America region with surge in healthcare spending is also expected to drive the smart thermometer market growth. For instance, according to the National Health Expenditure Accounts (NHEA) Report, the United States health care spending increased by 4.6% 2019, reached to US$ 3.8 trillion equivalent to $11,582 per person. These factors expected to strengthen the smart thermometer market growth during the forecast period.

Top Market Players

Various notable players operating in the market, include, THERMO FISHER SCIENTIFIC, INC, KONINKLIJKE PHILIPS N.V., BRIGGS HEALTHCARE, ELECTRONIC TEMPERATURE INSTRUMENTS LTD., KINSA INC., CITIZEN SYSTEMS JAPAN CO.,LTD, Welch Allyn, OMRON Corporation, Resideo Technologies, Inc., Microlife Corporation, PANASONIC CORPORATION and among others.

Key Developments:

• • In the first quarter of 2020, Fitgo launched the latest technology based wide range of infrared thermometers. The company launched thermometers includes infrared thermometer, TG8818N infrared thermometer, LZ600 infrared thermometer, AET R1D1 infrared thermometer, AET R1F1 infrared thermometer and AET R701 infrared thermometer.
  • On 25th Nov 2020, Leila Hawkins launched smart wearable thermometer with improved diagnosis. It can detect 10x more accurate temperature in celsium to monitor body temperature.

Segments covered in the Report:

The global smart thermometer market has been segmented on the basis of type, Product, application and key regions. Based on type, the market is segmented into private and public. In terms of the Product, the global Smart Thermometer market is divided into platform and services. In terms of application, the global Smart Thermometer market is divided into Supply Chain Management, Grid Management, Peer-to-peer Energy Trading and Payment Schemes. Based on the end-user, the global Smart Thermometer market is classified as renewable energy, power, oil & gas, electric vehicle charging, trading & security and others. 

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Key questions answered in this research report:

• • At what pace is global Smart Thermometer market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Smart Thermometer market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Smart Thermometer market?
  • Which Product generated maximum revenues in 2019 and identify the most promising Product during the forecast period?
  • What are the various Aircraft Product areas of global Smart Thermometer market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Type, By Connectivity, By Distribution Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Thermo Fisher Scientific, Inc, Koninklijke Philips N.V., Briggs Healthcare, Electronic Temperature Instruments Ltd., Citizen systems japan co.,ltd, Welch Allyn, Omron Corporation, Resideo Technologies, Inc., Microlife Corporation, A&D COMPANY LIMITED, Opto Circuits Limited and among others; a total of 11 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Smart Thermometer Market by Type

• • Human Health
    • Oral Thermometer
    • Basel Thermometer
    • Ear Thermometer
    • Baby Thermometer
  • Kitchen & Household

Global Smart Thermometer Market by Product

• • Mercury-Based Thermometers
  • Mercury-Free Thermometers

Global Smart Thermometer Market by Connectivity

• • Wired
  • Wireless

Global Smart Thermometer Market by Distribution Channel

• • Online
    • Company-owned Websites
    • E-commerce Websites
  • Offline
    • Medical Stores
    • Specialty Stores

Global Smart Thermometer Market by Application

• • Food
  • Medical and Hospitality
  • Industrial
  • Others

Global Smart Thermometer Market by Region

• • North America Smart Thermometer Market (Option 1: As a part of the free 25% customization)
    • North America Smart Thermometer Market by Type
    • North America Smart Thermometer Market by Product
    • North America Smart Thermometer Market by Connectivity
    • North America Smart Thermometer Market by Distribution Channel
    • North America Smart Thermometer Market by Application
    • US Smart Thermometer Market All-Up
    • Canada Smart Thermometer Market All-Up
  • Europe Smart Thermometer Market (Option 2: As a part of the free 25% customization)
    • Europe Smart Thermometer Market by Type
    • Europe Smart Thermometer Market by Product
    • Europe Smart Thermometer Market by Connectivity
    • Europe Smart Thermometer Market by Distribution Channel
    • Europe Smart Thermometer Market by Application
    • UK Smart Thermometer Market All-Up
    • Germany Smart Thermometer Market All-Up
    • France Smart Thermometer Market All-Up
    • Spain Smart Thermometer Market All-Up
    • Rest of Europe Smart Thermometer Market All-Up
  • Asia-Pacific Smart Thermometer Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Smart Thermometer Market by Type
    • Asia-Pacific Smart Thermometer Market by Product
    • Asia-Pacific Smart Thermometer Market by Connectivity
    • Asia-Pacific Smart Thermometer Market by Distribution Channel
    • Asia-Pacific Smart Thermometer Market by Application
    • China Smart Thermometer Market All-Up
    • India Smart Thermometer Market All-Up
    • Japan Smart Thermometer Market All-Up
    • Rest of APAC Smart Thermometer Market All-Up
  • RoW Smart Thermometer Market (Option 4: As a part of the free 25% customization)
    • RoW Smart Thermometer Market by Type
    • RoW Smart Thermometer Market by Product
    • RoW Smart Thermometer Market by Connectivity
    • RoW Smart Thermometer Market by Distribution Channel
    • RoW Smart Thermometer Market by Application
    • Brazil Smart Thermometer Market All-Up
    • South Africa Smart Thermometer Market All-Up
    • Saudi Arabia Smart Thermometer Market All-Up
    • UAE Smart Thermometer Market All-Up
    • Rest of world (remaining countries of the LAMEA region)Smart Thermometer Market All-Up

Major Players Operating in the Smart Thermometer(Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Thermo Fisher Scientific, Inc
  • Koninklijke Philips N.V.
  • Briggs Healthcare
  • Electronic Temperature Instruments Ltd.
  • citizen systems japan co.,ltd
  • Welch Allyn
  • Omron Corporation
  • Resideo Technologies, Inc.
  • Microlife Corporation
  • A&D COMPANY LIMITED
  • Opto Circuits Limited