A standard thermometer is referred to as a thermometer whose deviation and errors from the true temperature can be known, traceable and documented to the standards of the National Institute of Standards and Technology (NIST). The market of standard thermometers is growing due to expansion in sector of manufacturing. While there are some opportunities in some of the emerging markets which is also driving the market. But along with all this, there are some factors that are hindering the market such as limitations in technology and high cost associated with it.This growth is primarily driven by Expansion in the Secondary Manufacturing Sector, Stringent Regulations Governing the Food & Beverage and Pharmaceutical Industries and Rising Patient Population and the Subsequent Increase in the Number of Diagnostic and Surgical Procedures.
Globally, a noticeable market trend is evident Availability of Wireless Temperature Monitoring Systems. Major Players, such as WIKA (India), Fluke (United States), AccuMac Corporation (United States), Thermco Products (United States), Dostmann electronic (Germany), ThermoProbe (United States), Peak Sensors (United Kingdom) and Isotech (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Expansion in the Secondary Manufacturing Sector
- Stringent Regulations Governing the Food & Beverage and Pharmaceutical Industries
- Rising Patient Population and the Subsequent Increase in the Number of Diagnostic and Surgical Procedures
- Availability of Wireless Temperature Monitoring Systems
- Technical Limitations Associated With Infrared and Mercury Thermometers
Growth Opportunities in Emerging Markets
High Prices of Advanced Products in Developing Countries
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