LATIN AMERICA THERMOMETER MARKET 2023-2030

Lifesciences | Medical Devices & Consumables

LATIN AMERICA THERMOMETER MARKET 2023-2030

Market by Product Type, Application, and Country Outlook | Forecast 2023-2030

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As per Triton’s report, the thermometer market in Latin America is estimated to register growth at a CAGR of 8.10% during the forecasted period from 2023 to 2030.


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The countries assessed in the region are:

•         Brazil

•         Mexico

•         Rest of Latin America

A significant demographic shift, especially in countries like Argentina and Brazil, has led to an increased demand for healthcare monitoring devices, notably thermometers, in Latin America. These devices have become indispensable in monitoring and managing health conditions due to the growing aging population. As the elderly demographic continues to expand, thermometers have assumed a crucial role in the healthcare sector, driving substantial market growth.

Brazil holds the highest share in the region’s market. With the world’s ninth-largest economy and the largest in Latin America, Brazil boasts a diverse and expansive geographical territory. In 2021, the country’s medical equipment sector witnessed substantial growth. This is mainly owing to rising government spending on healthcare. Notably, it ranks as the largest healthcare market in Latin America, which boosts the thermometer market.

Similarly, Mexico has a prominent presence in the medical device industry, holding the distinction of being the world’s eighth-largest manufacturer of medical devices. With a robust presence in this sector, Mexico boasts a rich landscape of over 2,500 specialized companies engaged in medical device manufacturing. This further creates opportunities for the thermometer market.

Historically recognized for their accuracy and dependability, mercury-based thermometers function through a glass tube containing mercury. This mercury expands or contracts as temperatures change, allowing for precise temperature measurement. However, this particular sector has witnessed a significant decline in recent years. This decline can be chiefly attributed to growing apprehensions surrounding environmental and safety issues associated with the use of mercury.

The market is sectioned into product and application. The product section is branched into mercury-based and mercury-free thermometers.

The companies in the market include Exergen Corporation, Omron Healthcare Inc, Terumo Corporation, Briggs Healthcare, and Fairhaven Health.

Exergen Corporation, headquartered in the United States, specializes in manufacturing laboratory instruments and instrumentation systems. It provides non-invasive temperature measurement devices for both industrial and medical applications. The company’s product line includes temporal scanners. Exergen caters to a large consumer base across multiple regions, including Latin America.


Key deliverables of the report:

·       Market CAGR during the forecasting years 2023-2030

·       Detailed data highlighting key insights, industry components, and market strategies

·       Comprehensive information and estimation of the thermometer market revenue growth in Latin America and its influence on the parent market

·       In-depth study of forthcoming trends in consumer behavioral patterns

·       A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

·       A wide-ranging study of factors that will challenge the LA thermometer market’s growth during the upcoming years

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Table of Content

1. LATIN AMERICA THERMOMETER MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. PARENT MARKET ANALYSIS

2.2. IMPACT ANALYSIS ON THE THERMOMETER MARKET

2.2.1. COVID-19 IMPACT

2.2.2. UKRAINE-RUSSIA WAR IMPACT

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. INDUSTRY COMPONENTS

2.4.1. RAW MATERIALS

2.4.2. MANUFACTURERS

2.4.3. DISTRIBUTORS

2.4.4. RETAILERS

2.4.5. SALES

2.5. KEY BUYING IMPACT ANALYSIS

2.5.1. ACCURACY

2.5.2. EASE OF USE

2.5.3. RELIABILITY AND DURABILITY

2.5.4. SPEED

2.5.5. TYPE OF THERMOMETER

2.6. KEY MARKET STRATEGIES

2.6.1. COLLABORATIONS

2.6.2. PRODUCT LAUNCHES

2.7. MARKET DRIVERS

2.7.1. GROWING IMPORTANCE OF BODY TEMPERATURE MONITORING

2.7.2. HIGH INCIDENCE OF INFECTIOUS DISEASES

2.7.3. EVOLVING TECHNOLOGICAL LANDSCAPE

2.8. MARKET CHALLENGES

2.8.1. INCORRECT TEMPERATURE READINGS FROM THERMOMETERS

2.8.2. STRINGENT REGULATORY FRAMEWORK

2.9. MARKET OPPORTUNITIES

2.9.1. SOARING POPULARITY OF NON-CONTACT THERMOMETERS

2.9.2. INCREASING USE OF DIGITAL THERMOMETERS

2.10. ANALYST PERSPECTIVE

3. LATIN AMERICA THERMOMETER MARKET– BY PRODUCT TYPE

3.1. MERCURY-FREE THERMOMETERS

3.1.1. DIGITAL THERMOMETERS

3.1.2. INFRARED RADIATION THERMOMETERS

3.1.3. OTHER MERCURY-FREE THERMOMETERS

3.2. MERCURY-BASED THERMOMETERS

4. LATIN AMERICA THERMOMETER MARKET – BY APPLICATION

4.1. MEDICAL

4.2. INDUSTRIAL

4.3. FOOD

4.4. LABORATORY

4.5. OTHER APPLICATIONS

5. LATIN AMERICA THERMOMETER MARKET – BY COUNTRY OUTLOOK

5.1. BRAZIL

5.1.1. BRAZIL THERMOMETER MARKET FORECAST & PROSPECTS

5.2. MEXICO

5.2.1. MEXICO THERMOMETER MARKET FORECAST & PROSPECTS

5.3. REST OF LATIN AMERICA

5.3.1. REST OF LATIN AMERICA THERMOMETER MARKET FORECAST & PROSPECTS

6. COMPETITIVE LANDSCAPE

6.1. MEDLINE INDUSTRIES INC

6.1.1. OVERVIEW

6.1.2. PRODUCT PORTFOLIO

6.1.3. KEY STRENGTHS

6.1.4. KEY CHALLENGES

6.2. WELCH ALLYN

6.2.1. OVERVIEW

6.2.2. PRODUCT PORTFOLIO

6.2.3. KEY STRENGTHS

6.2.4. KEY CHALLENGES

6.3. EASYWELL BIOMEDICALS

6.3.1. OVERVIEW

6.3.2. PRODUCT PORTFOLIO

6.3.3. KEY STRENGTHS

6.3.4. KEY CHALLENGES

6.4. 3M

6.4.1. OVERVIEW

6.4.2. PRODUCT PORTFOLIO

6.4.3. KEY STRENGTHS

6.4.4. KEY CHALLENGES

6.5. RG MEDICAL DIAGNOSTICS

6.5.1. OVERVIEW

6.5.2. PRODUCT PORTFOLIO

6.5.3. KEY STRENGTHS

6.5.4. KEY CHALLENGES

6.6. MICROLIFE CORPORATION

6.6.1. OVERVIEW

6.6.2. PRODUCT PORTFOLIO

6.7. A&D MEDICAL

6.7.1. OVERVIEW

6.7.2. PRODUCT PORTFOLIO

6.8. AMERICA DIAGNOSTICS CORPORATION

6.8.1. OVERVIEW

6.8.2. PRODUCT PORTFOLIO

6.8.3. KEY STRENGTHS

6.8.4. KEY CHALLENGES

6.9. BEURER GMBH

6.9.1. OVERVIEW

6.9.2. PRODUCT PORTFOLIO

6.10. EXERGEN CORPORATION

6.10.1. OVERVIEW

6.10.2. PRODUCT PORTFOLIO

6.11. BRIGGS HEALTHCARE

6.11.1. OVERVIEW

6.11.2. PRODUCT PORTFOLIO

6.12. OMRON HEALTHCARE INC

6.12.1. OVERVIEW

6.12.2. PRODUCT PORTFOLIO

6.12.3. KEY STRENGTHS

6.12.4. KEY CHALLENGES

6.13. FAIRHAVEN HEALTH

6.13.1. OVERVIEW

6.13.2. PRODUCT PORTFOLIO

6.14. TERUMO CORPORATION

6.14.1. OVERVIEW

6.14.2. PRODUCT PORTFOLIO

6.14.3. KEY STRENGTHS

6.14.4. KEY CHALLENGES

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA THERMOMETER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: LIST OF COLLABORATIONS

TABLE 3: LIST OF PRODUCT LAUNCHES

TABLE 4: LATIN AMERICA THERMOMETER MARKET, BY PRODUCT TYPE, 2023-2030 (IN $ MILLION)

TABLE 5: LATIN AMERICA THERMOMETER MARKET, BY MERCURY-FREE THERMOMETER, 2023-2030 (IN $ MILLION)

TABLE 6: LATIN AMERICA THERMOMETER MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)

TABLE 7: LATIN AMERICA THERMOMETER MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

List of Figures

FIGURE 1: INDUSTRY COMPONENTS

FIGURE 2: KEY BUYING IMPACT ANALYSIS

FIGURE 3: LATIN AMERICA THERMOMETER MARKET, BY PRODUCT TYPE, 2022 & 2030 (IN %)

FIGURE 4: LATIN AMERICA THERMOMETER MARKET, BY MERCURY-FREE THERMOMETERS, 2023-2030 (IN $ MILLION)

FIGURE 5: LATIN AMERICA THERMOMETER MARKET, BY MERCURY-FREE THERMOMETERS, 2022 & 2030 (IN %)

FIGURE 6: LATIN AMERICA THERMOMETER MARKET, BY DIGITAL THERMOMETERS, 2023-2030 (IN $ MILLION)

FIGURE 7: LATIN AMERICA THERMOMETER MARKET, BY INFRARED RADIATION THERMOMETERS, 2023-2030 (IN $ MILLION)

FIGURE 8: LATIN AMERICA THERMOMETER MARKET, BY OTHER MERCURY-FREE THERMOMETERS, 2023-2030 (IN $ MILLION)

FIGURE 9: LATIN AMERICA THERMOMETER MARKET, BY MERCURY-BASED THERMOMETERS, 2023-2030 (IN $ MILLION)

FIGURE 10: LATIN AMERICA THERMOMETER MARKET, BY APPLICATION, 2022 & 2030 (IN %)

FIGURE 11: LATIN AMERICA THERMOMETER MARKET, BY MEDICAL, 2023-2030 (IN $ MILLION)

FIGURE 12: LATIN AMERICA THERMOMETER MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)

FIGURE 13: LATIN AMERICA THERMOMETER MARKET, BY FOOD, 2023-2030 (IN $ MILLION)

FIGURE 14: LATIN AMERICA THERMOMETER MARKET, BY LABORATORY, 2023-2030 (IN $ MILLION)

FIGURE 15: LATIN AMERICA THERMOMETER MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)

FIGURE 16: LATIN AMERICA THERMOMETER MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 17: BRAZIL THERMOMETER MARKET 2023-2030 (IN $ MILLION)

FIGURE 18: MEXICO THERMOMETER MARKET 2023-2030 (IN $ MILLION)

FIGURE 19: REST OF LATIN AMERICA THERMOMETER MARKET 2023-2030 (IN $ MILLION)

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