Reshaping the Infrared Thermometer Industry: Innovations 2023-2029...

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Reshaping the Infrared Thermometer Industry: Innovations 2023-2029

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Postado 2023-12-26 06:26:00

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Infrared Thermometer Market size was valued at USD 346.61 Mn in 2022 and the total Infrared Thermometer Market revenue is expected to grow at 12.02% from 2023 to 2029, reaching nearly USD 767.21 Mn.

Infrared Thermometer Market Overview:

The Infrared Thermometer market has witnessed significant growth in recent years, driven by the increasing emphasis on hygiene and sanitation in public and private spaces. With the global awareness of infectious diseases and the need for effective hand hygiene, Infrared Thermometers have become essential components in various settings, including healthcare facilities, commercial spaces, and households. These innovative devices offer touchless operation, minimizing the risk of cross-contamination and promoting a hygienic environment. The market is characterized by a surge in demand for smart, sensor-based dispensers that not only enhance convenience but also contribute to water and soap conservation. Additionally, advancements in technology, such as the integration of IoT capabilities and data analytics, are shaping the future of Infrared Thermometers, providing valuable insights for facility management and contributing to overall public health efforts. As the market continues to evolve, manufacturers are likely to focus on product innovations, sustainability, and user-friendly features to meet the growing demand for efficient and hygienic hand hygiene solutions.

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Infrared Thermometer Market Scope:

The Infrared Thermometer market is poised for substantial expansion, driven by the escalating awareness of hygiene practices and the ongoing global emphasis on infection prevention. This market's scope extends across various sectors, including healthcare, hospitality, and residential spaces, as individuals and organizations prioritize touchless and efficient hand hygiene solutions. The scope of Infrared Thermometers encompasses not only sensor-based technology but also the integration of smart features, such as data connectivity and customizable settings. Moreover, the market is witnessing a shift towards sustainable practices, with manufacturers focusing on eco-friendly materials and energy-efficient designs. As the demand for advanced and user-friendly solutions continues to rise, the scope of the Infrared Thermometer market is expected to broaden, presenting opportunities for innovation and market players to address the evolving needs of consumers and industries alike.

Infrared Thermometer Market Segmentation:

There are two market segments based on application: medical and non-medical. The fastest CAGR of more than 13.2% is predicted to grow for product usage in medical applications during the projected period. Both population growth and an increase in the variety of fever-causing illnesses may result from this. Furthermore, it is anticipated that an increase in COVID-19 cases will fuel market growth. For example, as of February 25, 2022, 43,12,574 COVID-19 cases had been confirmed worldwide, according to the WHO. Furthermore, regulatory agencies worldwide, including the U.S. FDA, are endorsing the use of products to take a person's temperature. The increased demand for hospitals and clinics as a result is supporting the growth of the medical industry.

Non-contact handheld and fixed-mount thermometers have distinct market segments 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 2022. It is expected that the segment will increase due to the rising rates of both acute illnesses and different infections that result in fever. For example, there are now more people suffering from yellow fever. The WHO estimates that typhoid fever affects 21 million people globally each year. In a similar vein, the CDC reports that 30,000 cases of yellow fever occur annually.

Considering the End-User, Between 2022 and 2030, the healthcare sector—which held the largest share of the economy at 42.2% in 2022—is expected to grow at the fastest rate. The rise in bakeries, cafes, take-out restaurants, and other end-use businesses worldwide has contributed to the expansion of the second-largest end-use sector, hospitality. For example, the UK's Office of National Statistics calculates that there are 125,400 restaurants, bakeries, and cafés nationwide.

Infrared Thermometer Market Size and Forecast, by Application (2023-2030)
1. Medical
2. Non-Medical
Infrared Thermometer Market Size and Forecast, by Type (2023-2030)
1. Handheld Thermometer
2. Fixed-mount Thermometer
Infrared Thermometer Market Size and Forecast, by End-User (2023-2030)
1. Healthcare industry
2. Food & Beverage industry
3. Automobile
4. Hospitality Industry
5. Others
Infrared Thermometer Market Size and Forecast, by Component (2023-2030)
1. Optical Components
2. Electronics
3. Display and Control Units
4. Others
Infrared Thermometer Market Size and Forecast, by Product Type (2023-2030)
5. Contact Thermometers
5. Non-contact Thermometers
Infrared Thermometer Market Size and Forecast, by Region (2023-2030)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America

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Infrared Thermometer Market Key Players: The key players are

1. American Diagnostic Corporation(US)
2. FLIR(US)
3. Testo(US)
4. Cardinal Health(US)
5. Thermomedics, Inc.(US)
6. Exergen(US)
7. Welch Allyn – A Hill-Rom Inc. Company(US)
8. Electronic Temperature Instruments Ltd(UK)
9. PCE Instruments(UK)
10. Geratherm Medical AG(Germany)
11. PAUL HARTMANN AG(Germany)
12. Braun GmbH(Germany)
13. Microlife Corporation(Switzerland)
14. BPL Medical Technologies(Denmark)
15. Contec Medical Systems Co., Ltd.(China)
16. OMRON Corporation(Japan)
17. AMETEK Land(UK)

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Infrared Thermometer Market Regional Analysis:

The Infrared Thermometer market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Infrared Thermometer market share and will continue to be a major shareholder in the global Infrared Thermometer market.

COVID-19 Impact Analysis on Infrared Thermometer Market: The COVID-19 impact on the Infrared Thermometer market is also included in the report

Key Questions Answered in the Infrared Thermometer Market Report are:

What will be the CAGR of the Infrared Thermometer market during the forecast period?
Which segment emerged as the leading segment in the Infrared Thermometer market?
Which are the prominent players in the Infrared Thermometer market?

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