The global digital thermometer market, which was valued at $757.81 million in 2021, is anticipated to grow at a CAGR of 8.8% from 2023 to 2029 to reach $1.3 billion.

The Global Digital Thermometers Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Market Intelligence Data Reports. Industry experts and researchers have offered an authoritative and concise analysis of the Digital Thermometers Market with respect to variaspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Digital Thermometers Market.

A tool for measuring temperature is a digital thermometer. A smart temperature transmitter is checked under flowing conditions and after a successful calibration using a digital thermometer. Digital thermometers are also used both in the home and in industry for tasks like food preparation, manufacturing, and medical & scientific testing. Additionally, during the anticipated period, a rise in demand for mercury-free thermometers will fuel market expansion.

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Some of the key players profiled in the study are Veridian, ADC, Omron, Microlife, Berrcom, Beurer, Philips, Geratherm, Dis-Chem, iProvèn, Advanced Monitors Corporation, American Diagnostic, GLA Electronics, Jorgensen Laboratories, K-jump Health, Kruuse, Mediaid Inc and other Prominent players.

Industry News and Updates:

Philips has made 48 acquisitions and 29 investments. The company has spent over $ 14.82B for the acquisitions. Philips has invested in multiple sectors such as Healthcare IT, Cardiac and Vascular Disorders, Sleep Medicine and more.

OMRON has acquired 10 companies. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets. OMRON's largest acquisition to date was in 2015, when it acquired Adept Technology for $200M. OMRON has acquired in 3 differentstates, and 2 countries. The Company's most targeted sectors include automotive (23%) and electrical equipment (23%).

Microlife has acquired 1 company. Microlife has acquired in 1state. The Company's most targeted sectors include medical products (100%).

Competition is an important issue in any market research analysis . With the help of the competitive analysis provided in the report, players can easily study the key strategies employed by leading players in the Digital Thermometers market. The major and emerging players of the Digital Thermometers Market are closely studied considering their market share, production, sales, revenue growth, gross margin, product portfolio, and other important factors . This will help players familiarize themselves with the movements of their toughest competitors in the Digital Thermometers market.

The segmental analysis section of the report includes a thorough research study on key type and application segments of the Digital Thermometers market

Digital Thermometers Market ( By Types )

Veterinary Type

Body Type

Digital Thermometers Market ( By Application )

Household

Medical

Others

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Important years considered in the Digital Thermometers study:

Historical year – 2017-2021;
Base year – 2022;
Forecast period ** – 2023 to 2029 [** unless otherwise stated]

If opting for the Global version of Digital Thermometers Market; then the below country analysis would be included:

– North America (North America dominated the thermometer market and accounted for revenue share of 34.4% in 2021. Growing geriatric population and higher healthcare expenditure are some of the key factors contributing to its largest market share. Healthcare camps and initiatives undertaken by government organizations, such as WHO and NIH, for spreading awareness about infectidiseases and helping maintain better health status, are anticipated to further boost the market.)

– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

– Asia-Pacific (In Asia Pacific, the market is expected to witness the highest compound annual growth rate (CAGR) of 9.1% from 2023 to 2029. Presence of high unmet medical needs, increasing prevalence of target diseases including malaria, dengue, and swine flu; and growing patient awareness about the same in the region are some of the key factors contributing to its lucrative growth.)

– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

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Reasons to Procure this Report:

The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

The report provides Digital Thermometers market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

The research includes the Digital Thermometers market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

Digital Thermometers market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

The study helps evaluate Digital Thermometers business predictions by region, key countries, and top companies' information to channel their investments.

What is new in 2023?

– Major developments that can change the business landscape as well as market forecasts.

– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

– Coverage of new market players and change in the market share of existing players of the Digital Thermometers market.

– Updated financial information and product portfolios of players operating in the Digital Thermometers market.

– Updated market developments of the profiled players.

– Any new data points/analysis (frameworks) which was not present in the previversion of the report

The new edition of the report consists of trends/disruptions on customer's business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Digital Thermometers.

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