SEATTLE, May 12, 2021, (MEDGADGET) — Overview:
A thermometer is a device that monitors temperature or a temperature differential. A temperature sensor and a visible scale or digital readout are the two most critical components. Nanothermometry, medical, cryometry, agricultural, health and food protection, and industrial industries, are all use thermometers.
Statistics:
China thermometers market is expected to account around US$ 484.7 Mn in terms of value by the end of 2027.
Drivers
Outbreak of Covid-19 is expected to drive growth of China thermometers market during the forecast period. For instance, in China, from January 2020 to 2 July 2020, there have been 85,263 confirmed cases of COVID-19 with around 4,648 deaths, according to the World Health Organization report.
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Furthermore, the China thermometers market is expected to witness growth due to growing adoption of digital thermometers. Digital thermometers are ideal for newborns, babies, and children and can take temperatures from the mouth, armpit, or rectum in a minute or less.
Favorable laws that allow goods to be transport, is expected to drive growth of the China thermometers market. For instance, in April 2020, exports of Covid-19 test kits, medical face masks, protective clothing, ventilators, and infrared thermometers were licensed by the Ministry of Commerce, China’s General Administration of Customs and State Administration for Economic Control, based on a list of companies with international permits and registrations and a declaration that their goods follow local requirements. However, previously, Chinese companies were only granted export licenses for their goods if they already had a license to market the same products domestically.
Statistics:
Mercury-free thermometer segment held significant position in China thermometers market in 2019, accounted over 79.9% share in terms of value.
Restraints
Traditional thermometers contain mercury, which is expected to hamper China thermometers market growth. Traditional mercury thermometers are hazardous to humans and wildlife.
Furthermore, higher expense of automated thermometers compared to traditional thermometers is expected to hinder China thermometers market growth during the forecast period.
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Opportunities
R&D in thermometers by the major companies is expected to pose attractive growth opportunities for the China thermometers market over the forecast period. For instance, in May 2020, researchers from the University of California, San Diego, and National ChungHsing University in Taiwan, suggested a basic operating procedure for screening for fever using an infrared thermometer to measure forehead temperature.
Furthermore, availability of water-resistant and certified thermometers, which is also expected to propel growth of the China thermometers market during the forecast period.
Statistics:
China thermometers market was accounted over US$ 163.9 Mn in 2019 and is forecast to reach a value around US$ 484.7 Mn by 2027 at a CAGR over 14.4% between 2020 and 2027.
Key Takeaways
Rising demand for thermometers and other medical supplies for the treatment of Covid-19 is expected to drive growth of the China thermometers market. For instance, in April 2020, Government of the People’s Republic of China handed over 3000 PRC test units and 200 thermometers to Lebanon.
Smart thermometers are becoming more common on the market. For instance, in February 2020, China installed facial recognition thermometers in buses in an effort to detect symptoms of the coronavirus in passengers. The smart thermometers that can measure commuters’ temperatures in a second.
Initiatives to develop smart thermometers are now being seen on the market. For instance, DFRobot Maker Group, a Chinese online maker community, announced a project to create non-contact infrared thermometers in March 2020.
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Competitive Landscape
Key players dominating in China thermometers market are Microlife Corporation, B. Braun Medical Inc., Guangzhou JinXinBao Electronic Co., Ltd., Radiant Innovation Inc., Shenzhen Dongdixin Technology Co., Ltd., Easywell Bio, Shenzhen Brav Electronic Technologies Co., Ltd., AViTA, Guangzhou Berrcom Medical Device Co., Ltd., Shanghai Feilong Meters & Electronics Co., Ltd., Sinnyuan Industrial Co., Ltd., Hangzhou Hua’An Medical & Health Instruments Co., Ltd., Guangzhou JT Electronic Co., Ltd., and Shenzhen Sekinno Equipment Co., Ltd.
Key Developments
- March 2020: Coolpad, a multinational consumer electronics corporation, has shifted some of its production resources in China from consumer electronics to civilian-grade masks and non-contact infrared thermometers.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Highlights
- Product launch
- PEST Analysis
- Technological Advancements
- Regulatory Scenario
- Mergers and Acquisitions
- COVID19 Impact on Market
- Market Dynamics
- China Thermometer Market, By Product Type, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Mercury
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Mercury Free
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Digital Thermometer
- LCD Thermometer
- Infrared Thermometer
- Others
- Introduction
- Competitive Landscape
- Company Profiles
- B. Braun Medical Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Microlife Corporation
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Radiant Innovation Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Guangzhou JinXinBao Electronic Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Easywell Bio
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Shenzhen Dongdixin Technology Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- AViTA
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Shenzhen Brav Electronic Technologies Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Shanghai Feilong Meters & Electronics Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Guangzhou Berrcom Medical Device Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Hangzhou Hua’An Medical & Health Instruments Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Sinnyuan Industrial Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Shenzhen Sekinno Equipment Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Guangzhou JT Electronic Co., Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- B. Braun Medical Inc.
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
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