The global Infrared Thermometer Market is estimated to be valued at US$ 14 Bn in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Infrared thermometer is a non-contact medical device that measures human body temperature without physical contact. It uses infrared heat sensing technology and is useful in fever screening in public places like airports, hospitals.
Market key trends:
Infrared thermometer provides advantages like touchless, safer and quicker temperature measurements compared to contact thermometers during COVID-19 pandemic. This has boosted their demand from healthcare settings. Also, the accuracy and portability features of infrared thermometers have increased their adoption across various industries for temperature screening of employees, products etc. Advancements like voice alerts, memory functions and connectivity to IoT devices in newer models is another key trend fueling the infrared thermometer market growth.
Segment Analysis
The infrared thermometer market is segmented by product type, wavelength range, application, and region. By product type, non-contact Infrared Thermometers account for the largest share of more than 70% due to their advantages of remote temperature measurement without any physical contact. By wavelength range, short-wavelength infrared thermometers dominate the market as they offer high resolution, accuracy, and response time. They are suitable for high-accuracy temperature measurement applications in industries such as semiconductor, healthcare, and automotive.
Key Takeaways
The Global Infrared Thermometer Market Share is expected to witness high growth, exhibiting a CAGR of 7.1% over the forecast period, due to increasing prevalence of fever screening practices at public places and industrial applications of infrared thermometers.
Regional analysis - North America dominates the global market due to increased public health initiatives for fever screening. Asia Pacific is expected to grow at the fastest rate owing to rising medical tourism and increasing number of infrared thermometer manufacturers in countries like India and China.
Key players analysis - Key players operating in the infrared thermometer market are Thermo Fisher Scientific Inc., Exergen Corporation, Ra Lifecare Pvt Ltd, OMRON Corporation, OMEGA Engineering inc., Morepen Laboratories Limited, CP PLUS International, MGL Euman, Fluke Corporation, SG Corporate Mobility Pvt Ltd., BPL Medical Technologies, Lifeline Medical Inc., Contec Medical Systems, Paul Hartmann AG, Welch Allyn, Microlife Corporation, and Geratherm Medical AG. Thermo Fisher Scientific Inc. dominates the market due to its wide product portfolio and strong distribution network across major regions.
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