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Asia-Pacific Thermometer Market Forecast 2023-2032

Market Report I 2023-10-02 I 165 Pages I Inkwood Research
Discounted by 20% to 2024-06-30

KEY FINDINGS
The Asia-Pacific thermometer market is set to record a CAGR of 8.45% during the forecast period, 2023-2032. COVID-19 expedited innovation in healthcare technology, resulting in the emergence of sophisticated thermometers and opening up avenues for expanding the market.
MARKET INSIGHTS
Australia & New Zealand, Malaysia, China, South Korea, India, Singapore, Japan, and Rest of Asia-Pacific are assessed for the Asia-Pacific thermometer market growth analysis. Japan's thriving manufacturing sector, a fundamental pillar of its economy renowned as one of the world's "Manufacturing Superpowers," provides a fertile environment for the expansion of the thermometer market. In the fiscal year 2019-20, the manufacturing industry contributed approximately 20% to the overall GDP, primarily driven by key players like the automotive sector. This flourishing industrial landscape generates significant demand for industrial thermometers, which are crucial for precision in manufacturing processes.
Further, in the healthcare domain, data from Japan's Ministry of Health, Labour and Welfare ("MHLW") for the year 2020 indicated that the Japanese market for medical devices reached a total of $38 billion. The rising healthcare expenses attributed to an aging population and advanced medical practices are fueling the growth in healthcare expenditures.
Malaysia's strong medical device manufacturing industry, its resilient healthcare system, and its aging population all contribute to the growth opportunities in both the medical and industrial thermometer markets. The thriving medical device manufacturing sector in Malaysia, particularly within the ASEAN region, along with the government's commitment to promoting growth, lays the foundation for the thermometer market's expansion. The government's generous incentives for investors to engage in medical device production in Malaysia underscore its acknowledgment of the industry's substantial growth prospects.
COMPETITIVE INSIGHTS
Some of the prominent firms in the market are Exergen Corporation, FAIRHAVEN HEALTH, EASYWELL BIOMEDICALS, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS
2.5.1. INDUSTRIAL SEGMENT IS POISED FOR THE FASTEST GROWTH
2.5.2. GROWING HEALTH CONSCIOUSNESS AND HEALTHCARE COSTS BOOST MARKET GROWTH
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. GROWING PREVALENCE OF INFECTIOUS DISEASES
3.1.2. RISING AWARENESS ABOUT BODY TEMPERATURE MONITORING'S IMPORTANCE
3.1.3. TECHNOLOGICAL ADVANCEMENTS
3.2. KEY RESTRAINTS
3.2.1. STRINGENT REGULATIONS
3.2.2. INACCURATE READINGS REPORTED BY THERMOMETER
4. KEY ANALYTICS
4.1. PARENT MARKET ANALYSIS
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. GROWTH PROSPECT MAPPING
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
4.6.1. RAW MATERIALS
4.6.2. MANUFACTURERS
4.6.3. DISTRIBUTORS
4.6.4. RETAILERS
4.6.5. SALES
4.7. KEY BUYING CRITERIA
4.7.1. ACCURACY
4.7.2. EASE OF USE
4.7.3. RELIABILITY AND DURABILITY
4.7.4. SPEED
4.7.5. TYPE OF THERMOMETER
5. MARKET BY PRODUCT TYPE
5.1. MERCURY-FREE THERMOMETERS
5.1.1. DIGITAL THERMOMETER
5.1.2. INFRARED RADIATION THERMOMETER
5.1.3. OTHER MERCURY-FREE THERMOMETERS
5.2. MERCURY-BASED THERMOMETERS
6. MARKET BY APPLICATION
6.1. MEDICAL
6.2. INDUSTRIAL
6.3. FOOD
6.4. LABORATORY
6.5. OTHER APPLICATIONS
7. GEOGRAPHICAL ANALYSIS
7.1. ASIA-PACIFIC
7.1.1. MARKET SIZE & ESTIMATES
7.1.2. ASIA-PACIFIC THERMOMETER MARKET DRIVERS
7.1.3. ASIA-PACIFIC THERMOMETER MARKET CHALLENGES
7.1.4. KEY PLAYERS IN ASIA-PACIFIC THERMOMETER MARKET
7.1.5. COUNTRY ANALYSIS
7.1.5.1. CHINA
7.1.5.1.1. CHINA THERMOMETER MARKET SIZE & OPPORTUNITIES
7.1.5.2. JAPAN
7.1.5.2.1. JAPAN THERMOMETER MARKET SIZE & OPPORTUNITIES
7.1.5.3. INDIA
7.1.5.3.1. INDIA THERMOMETER MARKET SIZE & OPPORTUNITIES
7.1.5.4. SOUTH KOREA
7.1.5.4.1. SOUTH KOREA THERMOMETER MARKET SIZE & OPPORTUNITIES
7.1.5.5. MALAYSIA
7.1.5.5.1. MALAYSIA THERMOMETER MARKET SIZE & OPPORTUNITIES
7.1.5.6. SINGAPORE
7.1.5.6.1. SINGAPORE THERMOMETER MARKET SIZE & OPPORTUNITIES
7.1.5.7. AUSTRALIA & NEW ZEALAND
7.1.5.7.1. AUSTRALIA & NEW ZEALAND THERMOMETER MARKET SIZE & OPPORTUNITIES
7.1.5.8. REST OF ASIA-PACIFIC
7.1.5.8.1. REST OF ASIA-PACIFIC THERMOMETER MARKET SIZE & OPPORTUNITIES
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIC DEVELOPMENTS
8.1.1. PRODUCT LAUNCHES & DEVELOPMENTS
8.1.2. PARTNERSHIPS & AGREEMENTS
8.2. COMPANY PROFILES
8.2.1. 3M
8.2.1.1. COMPANY OVERVIEW
8.2.1.2. PRODUCTS
8.2.1.3. STRENGTHS & CHALLENGES
8.2.2. A&D MEDICAL
8.2.2.1. COMPANY OVERVIEW
8.2.2.2. PRODUCTS
8.2.2.3. STRENGTHS & CHALLENGES
8.2.3. AMERICAN DIAGNOSTIC CORPORATION
8.2.3.1. COMPANY OVERVIEW
8.2.3.2. PRODUCTS
8.2.3.3. STRENGTHS & CHALLENGES
8.2.4. BEURER GMBH
8.2.4.1. COMPANY OVERVIEW
8.2.4.2. PRODUCTS
8.2.5. BRIGGS HEALTHCARE
8.2.5.1. COMPANY OVERVIEW
8.2.5.2. PRODUCTS
8.2.6. EASYWELL BIOMEDICALS
8.2.6.1. COMPANY OVERVIEW
8.2.6.2. PRODUCTS
8.2.6.3. STRENGTHS & CHALLENGES
8.2.7. EXERGEN CORPORATION
8.2.7.1. COMPANY OVERVIEW
8.2.7.2. PRODUCTS
8.2.8. FAIRHAVEN HEALTH
8.2.8.1. COMPANY OVERVIEW
8.2.8.2. PRODUCTS
8.2.9. MEDLINE INDUSTRIES INC
8.2.9.1. COMPANY OVERVIEW
8.2.9.2. PRODUCTS
8.2.9.3. STRENGTHS & CHALLENGES
8.2.10. MICROLIFE CORPORATION
8.2.10.1. COMPANY OVERVIEW
8.2.10.2. PRODUCTS
8.2.11. OMRON HEALTHCARE INC
8.2.11.1. COMPANY OVERVIEW
8.2.11.2. PRODUCTS
8.2.11.3. STRENGTHS & CHALLENGES
8.2.12. RG MEDICAL DIAGNOSTICS
8.2.12.1. COMPANY OVERVIEW
8.2.12.2. PRODUCTS
8.2.12.3. STRENGTHS & CHALLENGES
8.2.13. TERUMO CORPORATION
8.2.13.1. COMPANY OVERVIEW
8.2.13.2. PRODUCTS
8.2.13.3. STRENGTHS & CHALLENGES
8.2.14. WELCH ALLYN
8.2.14.1. COMPANY OVERVIEW
8.2.14.2. PRODUCTS
8.2.14.3. STRENGTHS & CHALLENGES


LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - THERMOMETER
TABLE 2: ASIA-PACIFIC THERMOMETER MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC THERMOMETER MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC THERMOMETER MARKET, BY MERCURY-FREE THERMOMETER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC THERMOMETER MARKET, BY MERCURY-FREE THERMOMETER, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC THERMOMETER MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC THERMOMETER MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC THERMOMETER MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC THERMOMETER MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 10: KEY PLAYERS OPERATING IN ASIA-PACIFIC THERMOMETER MARKET
TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS


LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR CHINA AND INDIA
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: ASIA-PACIFIC THERMOMETER MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022
FIGURE 8: ASIA-PACIFIC THERMOMETER MARKET, BY MERCURY-FREE THERMOMETERS, 2023-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC THERMOMETER MARKET, GROWTH POTENTIAL, BY MERCURY-FREE THERMOMETERS, IN 2022
FIGURE 10: ASIA-PACIFIC THERMOMETER MARKET, BY DIGITAL THERMOMETER, 2023-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC THERMOMETER MARKET, BY INFRARED RADIATION THERMOMETER, 2023-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC THERMOMETER MARKET, BY OTHER MERCURY-FREE THERMOMETERS, 2023-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC THERMOMETER MARKET, BY MERCURY-BASED THERMOMETERS, 2023-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC THERMOMETER MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 15: ASIA-PACIFIC THERMOMETER MARKET, BY MEDICAL, 2023-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC THERMOMETER MARKET, BY INDUSTRIAL, 2023-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC THERMOMETER MARKET, BY FOOD, 2023-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC THERMOMETER MARKET, BY LABORATORY, 2023-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC THERMOMETER MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC THERMOMETER MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 21: CHINA THERMOMETER MARKET, 2023-2032 (IN $ MILLION)
FIGURE 22: JAPAN THERMOMETER MARKET, 2023-2032 (IN $ MILLION)
FIGURE 23: INDIA THERMOMETER MARKET, 2023-2032 (IN $ MILLION)
FIGURE 24: SOUTH KOREA THERMOMETER MARKET, 2023-2032 (IN $ MILLION)
FIGURE 25: MALAYSIA THERMOMETER MARKET, 2023-2032 (IN $ MILLION)
FIGURE 26: SINGAPORE THERMOMETER MARKET, 2023-2032 (IN $ MILLION)
FIGURE 27: AUSTRALIA & NEW ZEALAND THERMOMETER MARKET, 2023-2032 (IN $ MILLION)
FIGURE 28: REST OF ASIA-PACIFIC THERMOMETER MARKET, 2023-2032 (IN $ MILLION)

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