2014-01-23 14:07:02 - Temperature Monitoring Devices: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
Global market for Temperature Monitoring Devices is projected to reach US$878.6 million by 2018, driven by the launch of innovative thermometers and expanding medical self-care market.
Thermometers for clinical application have come a long way since their introduction in the 19th century. However, as concerns over the use of mercury in thermometers became rife over the past decade, mercury thermometers have been phased out in various developed markets across the globe. This, in turn, led to the introduction of a new range of thermometers such as digital thermometers and infrared thermometers, as well as thermometers containing gallium/ indium/tin alloy.
Other technological advancements that have sent ripples across the market are infrared aural units, under arm digital thermometers, and battery-operated flexible-tip oral products.
Revenue growth also stems from increasing adoption of expensive infrared forehead and ear thermometers as replacements for digital stick thermometers. The market is also set to gain from the increasing penetration of mercury-free thermometers in developing markets.
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