Infrared Thermometer Market size was valued at USD 309.42 Mn in 2021 and the total Infrared Thermometer Market revenue is expected to grow at 12.02% from 2022 to 2029, reaching nearly USD 767.21 Mn.
Market Overview
The report covers the Infrared Thermometer market's most recent revenue and market trends. It provides a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Infrared Thermometer Market, such as gross margin, cost, market share, capacity utilization, and supply. It also aids in determining the future potential of the Infrared Thermometer Market in the next few years during the forecast period. The report provides a market overview through common subjects that are highlighted with unique data based on the need. The overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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Market Scope
The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Infrared Thermometer market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin Sales by Product are all included in this Infrared Thermometer market research report.
Market Dynamics:
A number of industry players are introducing Bluetooth non-contact infrared thermometers, which is expected to fuel market growth. For instance, in October 2020 Telepower Communication Co., Ltd. unveiled a Bluetooth non-contact infrared thermometer. The company developed a low-cost, high-performance wall mount for a non-contact infrared thermometer. It is therefore anticipated that this development will increase demand for non-contact infrared thermometers over the course of the forecast period. The COVID-19 outbreak has significantly increased the demand for non-contact infrared thermometers, growing the non-contact infrared thermometer market.
Segmentation:
There are two market segments based on application: medical and non-medical. The product usage in medical applications is anticipated to grow at the fastest CAGR of more than 13.2% during the forecasted period. Both the population and the variety of fever-producing illnesses may increase as a result of this. Additionally, it is anticipated that an increase in COVID-19 cases will fuel market expansion. For instance, according to the WHO, as of February 25, 2022, there were 43,12,574 confirmed cases of COVID-19 worldwide. Furthermore, regulatory organisations all over the world, including the U.S. FDA, support the use of products to measure a person's body temperature. As a result, there is an increase in demand for hospitals and clinics, which is promoting the growth of the medical industry.
Non-contact handheld and fixed-mount thermometers each have their own market niches based on type. The handheld type category is anticipated to grow at the fastest rate during the forecast period, with a market share of more than 74.2% in 2021. The segment is expected to grow due to the increase in acute illnesses and the increase in different infections that cause fever. For instance, there are now more people with yellow fever. According to the WHO, typhoid fever affects 21 million people annually worldwide. Similar to this, the CDC notes that 30,000 yellow fever cases are reported annually.
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Key Players
•American Diagnostic Corporation(US)
• FLIR(US)
• Testo(US)
• Cardinal Health(US)
• Thermomedics, Inc.(US)
• Exergen(US)
• Welch Allyn – A Hill-Rom Inc. Company(US)
• Electronic Temperature Instruments Ltd(UK)
• PCE Instruments(UK)
• Geratherm Medical AG(Germany)
• PAUL HARTMANN AG(Germany)
• Braun GmbH(Germany)
• Microlife Corporation(Switzerland)
• BPL Medical Technologies(Denmark)
• Contec Medical Systems Co., Ltd.(China)
• OMRON Corporation(Japan)
• AMETEK Land(UK)
Regional Analysis
Infrared Thermometer Region dominated the Infrared Thermometer Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Infrared Thermometer Market growth in the region. The Infrared Thermometer market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
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Key Questions answered in the Infrared Thermometer Market Report are:
- What is Infrared Thermometer Market?
- What is the forecast period of the Infrared Thermometer Market?
- What is the competitive scenario of the Infrared Thermometer market?
- Which region held the largest market share in the Infrared Thermometer Market?
- What are the opportunities for the Infrared Thermometer Market?
- What factors are affecting the Infrared Thermometer market growth?
- Who are the key players of the Infrared Thermometer market?
- Which company held the largest share in the Infrared Thermometer market?
- What will be the CAGR of the Infrared Thermometer market during the forecast period?
- What key trends are likely to emerge in the Infrared Thermometer market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Infrared Thermometer
- Landscape- Leading key players and other prominent key players.
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