Mercury Thermometer Market Size, Share & Trends Analysis Report By Application (Medical, Industrial, Food, Laboratory, Others), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global mercury thermometer market size was valued at USD 487.93 million in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 1.7% from 2023 to 2030. The market for mercury thermometers is expected to experience substantial growth, propelled by various factors such as the increasing prevalence of infectious diseases and other medical ailments, notably malaria and dengue fever.

Furthermore, the market for mercury thermometer is expanding due to the increasing adoption of these devices for temperature monitoring across diverse sectors, including manufacturing, medical, laboratory, and imaging. The rising prevalence of medical conditions that require accurate body temperature measurements for evaluating potential treatments, such as malaria, dengue fever, and swine flu, is a significant driver for the market's growth.

For instance, the Centers for Disease Control and Prevention (CDC) report that approximately 2,000 malaria cases are identified in the U.S. each year. Moreover, according to 2022 data from the World Health Organization (WHO), almost half of the global population is exposed to the risk of malaria. Notably, the WHO African Region accounts for 95% of worldwide malaria cases and an even higher 96% of malaria-related deaths originating from this region. This underscores the critical role of temperature-monitoring devices in addressing health challenges on a global scale.

Furthermore, the medical industry has witnessed an upward surge due to the impact of the COVID-19 pandemic, leading to an escalated demand for mercury thermometers. This trend will drive the market's growth during the forecast period. The essential need for temperature screening across diverse settings, including public areas, workplaces, and healthcare facilities, has substantially increased the reliance on mercury thermometers. Accurately measuring body temperature has become a critical aspect of managing the health and safety of individuals. As various sectors work towards creating secure environments amidst ongoing health concerns, the reliance on mercury thermometers for precise temperature assessment has grown significantly. This has propelled the demand for these devices and prompted advancements in their technology and capabilities.

In recent years, the market has experienced significant transformations driven by technological advancements, regulatory interventions, and a growing focus on environmental well-being. While mercury thermometers were once extensively utilized across various industries for their accuracy in temperature measurement, concerns over their adverse effects on human health and the environment have spurred a global initiative to phase out these instruments. However, governments and regulatory bodies worldwide have taken firm measures to impose strict restrictions on using and producing mercury-containing devices, including thermometers. This regulatory stance has prompted a notable shift towards digital and electronic temperature measurement devices, such as digital and infrared thermometers. These alternatives offer precise temperature readings while mitigating the potential risks associated with mercury exposure.

Furthermore, prohibiting traditional mercury-filled thermometers in 13 U.S. states has propelled the demand for non-contact thermometers. Legislative actions have been implemented to ban the manufacturing and sale of mercury thermometers, aiming to eliminate the dangers linked to broken glass thermometers and the release of ecologically harmful mercury vapors in households. As a result, the transition from mercury thermometers to electronic alternatives has gained significant momentum, with the increased adoption of infrared thermometers further accelerating this shift. This shift is poised to restrict the growth of the market as electronic alternatives continue to gain traction and preference among consumers.

Application Insights

The medical segment held the largest market share of 28.22% in 2022. The primary driver for this market expansion is the rising prevalence of medical conditions requiring accurate body temperature measurements to determine appropriate treatment approaches. Many infectious diseases are characterized by fever, making precise body temperature assessment a fundamental step in diagnosing various infections. For instance, in January 2022, WHO reported a significant surge in global dengue cases over the past decade, with an estimated annual incidence of 100-400 million infections. This escalating incidence of infectious diseases is projected to increase the demand for mercury thermometers, consequently propelling market growth.

Industrial mercury thermometer is projected to register the fastest CAGR of 2.0% during the forecast period. The industrial mercury thermometer market is experiencing significant growth, driven by the demand from pharmaceuticals, chemical, and biotechnology companies. These sectors require precise temperature control at different stages of product development, necessitating specialized industrial thermometers. These thermometers are selected based on factors such as type, size, configuration, features, applications, and operating conditions.

Regional Insights

North America accounted for the largest share of 34.69% in 2022. Several factors, including prominent market players, the increasing prevalence of infectious diseases in the region, a surge in research and development initiatives, technological advancements, and an increasing emphasis on individual self-care management, drive the market's growth. Furthermore, data released in 2022 by MedAlertHelp indicates that between 5% and 20% of Americans contract influenza yearly. This prevalence of infectious diseases within the populace, coupled with a rise in visits to healthcare facilities by patients, is anticipated to stimulate the demand for medical mercury thermometers. As a result, this trend is expected to contribute significantly to the market's expansion within the region.

In Asia Pacific, the market is expected to witness the highest compound annual growth rate (CAGR) of 1.5% from 2023 to 2030. The market expansion is driven by factors such as significant unmet medical requirements, rising incidences of diseases like malaria, dengue, and swine flu, and heightened patient awareness about these conditions in the region. Furthermore, the market's growth is anticipated to be fueled by economic advancements in countries like Japan and China within the Asia Pacific region. A surge in the need for self-care products and healthcare facilities focused on the elderly population will drive market growth during the forecast period.

Key Companies & Market Share Insights

Key players are introducing advanced products at affordable prices to increase their market share and implementing strategic initiatives, such as acquisitions, mergers, and collaborations, to maximize their market dominance. Some of the key players in the global mercury thermometer market include:

• Medline Industries, Inc.

• 3M

• Welch Allyn

• Thermo Fisher Scientific Inc.

• Thomas Scientific

• Heathrow Scientific, LLC        

• DWK Life Sciences

• Geratherm Medical AG

• Medtronic                      

• Terumo Medical           

• Microlife Corporation

Mercury Thermometer Market Report Scope

Global Mercury Thermometer Market Report Segmentation

This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented mercury thermometers based on application and region:

• Application Scope Outlook (Revenue, USD Million, 2018 - 2030)

  • Medical

  • Industrial

  • Food

  • Laboratory

  • Others

• Regional Scope Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Australia

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait