MCP-3365: TEMPERATURE MONITORING DEVICES – A GLOBAL STRATEGIC BUSINESS REPORT

Temperature Monitoring Devices Market to Reach $656 Million by 2010, According to New Report by Global Industry Analysts, Inc.

Increasing healthcare awareness amongst consumers, introduction of technologically advanced products such as non-contact thermometers, declining prices, growing utilization of disposable thermometers constitute key factors driving growth in the worldwide temperature monitoring devices market. By the year 2010, Temperature Monitoring Devices market is projected to reach $656 million.

San Jose, California (PRWEB), April 21, 2008 -- Thermometers for clinical application have come a long way since their introduction. Concerns regarding the use of mercury in thermometers, and the subsequent phase out of mercury thermometers in several developed markets led to the advent of a completely new set of innovative thermometers. Newer varieties including digital, electronic, and infrared thermometers are taking the market to new heights and driving future growth.

Thermometers are usually rated based on features such as automatic memory, accuracy, and ease of use. Several alternatives have emerged for clinical and mercury thermometers. In addition to electronic and electrical thermometers, new glass thermometers are available that contain gallium/indium/tin alloy. Digital thermometers are currently preferred over mercury-in-glass thermometers as they are faster, economical, and record temperature with greater precision. Replacement of conventional mercury-based thermometers is one of the principal factors driving growth in the digital thermometers market.

Europe and the United States represent the leading regional markets with an estimated 64% share of the temperature monitoring devices market for 2008, as stated by Global Industry Analysts, Inc.

United States represents the largest market for Temperature Monitoring Devices in the world. Digital thermometers market in the region is projected to reach $112 million by 2010. Demand for sophisticated thermometers has been fuelled by advancements in the medical, clinical and scientific research sectors of the US. Preference is given to temperature measurement devices, which provide accurate reading and are easy to handle. Intense competition in the industry has forced several manufacturers to strengthen their marketing efforts.

In Europe, France, Germany, Italy, and United Kingdom represent the leading markets, accounting for 75% share of total sales. Infrared thermometers market in Germany is estimated at $17 million for 2008.

Growing concern for personal health has intensified the demand for thermometers in Asia. Glass (mercury) thermometers market in Asia-Pacific represents the largest segment with a significant share in the total market. However, sales are projected to register a decline over 2005-2010 owing to mounting concerns over the use of mercury in thermometers.

Major players profiled in the report include A&D Medical, Alaris Medical Systems, American Diagnostic Corporation, Becton Dickinson and Company, Kaz Incorporated, Microlife Corporation, Omron Healthcare, and Terumo Corporation. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities.

The report titled “Temperature Monitoring Devices: A Global Strategic Business Report” published by Global Industry Analysts, Inc., analyzes the market over the 2000-2015 period. The market is analyzed across five major product segments: Digital Thermometers, Infrared Ear Thermometers, Glass (Mercury) Thermometers, Electronic Temperature Monitors, and Temperature Strips. Analysis is presented for major markets including United States, Canada, Japan, Europe Asia-Pacific, and Latin America.

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