Infrared Thermometer Market: Global Industry Forecast (2023-2029) by Application, Type, End-User, and Region

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:
An infrared thermometer are also called as laser thermometer, which is used to measure temperature from a distance. The use of infrared thermometers can be either direct or indirect. For industrial appliances, these aid in surface temperature monitoring. The reliability, linearity, cost-effectiveness, and many other features of the infrared thermometer are only a few of the significant applications that have contributed to its market success.

While screening for disease in the ongoing pandemic rapid temperature measurements of many individuals Infrared thermometer has fulfilled the gap by measuring the surface temperature without direct contact .As well as these thermometers are now commonly used in clinical practices as well as routinely during the pandemic for self-monitoring and screening at the entrances of the public places.
Research Methodology:
Bottom-up approach has been used to collect data and estimate the market size by Countries. The reports of WHO and has helped to get deep insight into different segment that are covered in the report. Comprehensive analysis of market drivers and restraints are analyzed locally, regionally, and globally have helped our analyst to estimate and forecast the market size without leaving any aspect that has affected the business internally or externally.Primary and secondary data collection methods were used to collect data.

Online primary Interviews were carried out with selected respondents which were selected by keeping Whole business ecosystem into account. Primary respondents include representatives from Healthcare industries, hospitals, Food and beverages Industry .Manufacturing companies who recently emerged in the product line of infrared thermometer industry were also interviewed to validate the key findings.

Secondary research sources such as World Health Organization reports, National Center for Health Statistics, Medical records, Health Data APIs, MIMC (Medical Information Mart for Intensive Care) were studied thoroughly while preparing the report .Details list of sources are given in the report wherever internal data is not used. Apart from government database, associations, annual reports for listed companies and paid database for unorganized players are referred.To know about the Research Methodology :- Request Free Sample Report
Report scope:
The Research aims to provide market participants in depth analysis of Infrared Thermometer Market. The study looks at the markets recent, ongoing, and predicted future changes. It also provides a simple analysis of complex data. New entrants, industry titans, and followers are some of the primary forces that actively and carefully perform research. The study displays the results of the PORTER and PESTEL analyses as well as probable outcomes of the microeconomic market elements. After accounting for internal and external variables that can have a favorable or unfavorable impact on the firm, decision-makers will have a clear futuristic perspective of the market.

The market segmentation analysis and market size forecast in the research help investors better understand the dynamics and structure of the Infrared Thermometer market. The report acts as a buyer's guide by clearly outlining the comparative analysis of the top Infrared Thermometer businesses by price, financial position, product, product portfolio, growth strategies, and regional presence.
Infrared Thermometer Market Dynamics:
Market Drivers:

Bluetooth non-contact infrared thermometers are being introduced by a number of industry participants, which is anticipated to fuel market expansion. For example, Telepower Communication Co., Ltd. introduced a Bluetooth non-contact infrared thermometer in October 2020. The business created a wall mount for a non-contact infrared thermometer that is affordable, low-power, and high performing. It is therefore projected that over the course of the forecast period, this development would spur demand for non-contact infrared thermometers.

The demand for non-contact infrared thermometers has significantly increased as a result of the COVID-19 outbreak, expanding the non-contact infrared thermometer market. Since fever is the main sign of COVID-19 viral infection, the use of an infrared thermometer to check a patient's temperature has been strongly promoted by numerous organizations and regulatory bodies worldwide. With the use of these tools, it was possible to quickly monitor the temperature and assess a huge number of populations without actually coming into contact with them. Therefore, a rise in COVID-19 patients contributed to the market's expansion.

Market Restraints:

During the pandemic China faced, several issues including instability and unreliability in terms of measurement accuracy as they were not designed for use in harsh temperatures and humidity. Some Chinese OEMs provided low-cost infrared thermometers to satisfy the global demand for these devices, but they fall short in terms of thermopile sensor quality, ADC precision, and temperature compensation algorithm. Due to their poor performance in conditions of intense heat and heavy humidity, these thermometers were returned by foreign customers, primarily from Russia and Europe.

Market Opportunities:

Reputable corporations are using various tactics for product launch partnerships, mergers, and regional expansion. For instance, Secureye introduced non-contact infrared thermometers in June as part of the expansion of its MediSec product line. Similar to this, Segun Life and TCL teamed up to introduce a non-contact infrared thermometer in May 2020. The non-contact infrared thermometer market is therefore anticipated to experience steady expansion over the course of the forecast period due to the aforementioned factors. The market is anticipated to expand throughout the course of the projected period.
Infrared Thermometer Market Segment Analysis:
Based on Application, there are two market segments: medical and non-medical. During the projected period, the fastest CAGR of more than 13.2% is anticipated to grow for product usage in medical applications. This can lead to growth in the population as well as a rise in the number of different illnesses that cause fever. Additionally, a rise in COVID-19 instances is predicted to propel market expansion. For instance, the WHO reports that there were 43,12,574 confirmed cases of COVID-19 worldwide as of February 25, 2022. Furthermore, product usage to measure a person's temperature is being encouraged by regulatory bodies all around the world, including the U.S. FDA. As a result, hospitals and clinics are now more in demand, which is assisting the medical sector's expansion.

Based on Type, Non-contact handheld and fixed-mount thermometers have their own market segments. With a market share of more than 74.2% in 2022, the handheld type category is expected to grow at the quickest rate during the forecast period. The segment is anticipated to rise as a result of the rising incidence of acute illnesses and the rising incidences of various infections that cause fever. For instance, the number of persons who have yellow fever has increased. Typhoid fever is thought to impact 21 million people annually worldwide, according to the WHO. Similar to this, the CDC reports that there are 30,000 cases of yellow fever each year.Based on End-User, The healthcare sector, which had the largest proportion of the economy at 42.2% in 2022, is predicted to experience the fastest CAGR between 2022 and 2030. The second-largest end-use sector, hospitality, has seen growth due to an increase in the number of cafes, take-out shops, bakeries and cafes around the world. For instance, the Office of National Statistics in the UK estimates that there are 125,400 cafés, bakeries, and restaurants in the country as a whole.

Similar to this, a source claims that there are 52,985 hotels, 6.9million organised restaurants, and around 24.2 million unorganised restaurants in India alone. The infrared thermometer in the automobile industry has explosive growth. For instance, the European Automobile Manufacturers Association estimates that in 2020, the European Union alone will produce approximately 11.8 million passenger automobiles. Monitoring the temperature of these parts is one of the criteria used by these vehicle manufacturing companies to ensure the high quality of their goods. Such parts' temperatures can be measured using non-contact infrared thermometers. These are utilised during forging, annealing, induction welding, and induction heating.
Infrared Thermometer Market Regional Insights:
North America, has dominated the market in 2022 with a share of more than 35.5%,and is anticipated to experience a significant growth rate during the projected period. The existence of a sizable population base, significant businesses like Cole Palmer, Braun Healthcare, and Emerson Electric, as well as numerous big food and beverage corporations like The Coca-Cola Company and Tyson Foods, has promoted market expansion in this area. Food and beverage businesses are using infrared thermometers to monitor the product's surface temperature for quality preservation.

Over the forecast period, Asia Pacific is anticipated to experience the quickest CAGR due to a change in lifestyle that has caused rise in acute diseases, which in turn has caused fever to become more common in this area. For instance, enteric fever affects around 26.5 million individuals in India, according to MedIndia has accounted to various acute diseases.
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Infrared Thermometer Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 346.61 Mn.


Forecast Period 2023 to 2029 CAGR:
12.02%
Market Size in 2029:
US $ 767.21 Mn.


 Segments Covered:
by Application
1. Medical
2. Non-Medical


by Type
1. Handheld Thermometer
2. Fixed-mount Thermometer


by End-User
1. Healthcare industry
2. Food & Beverage industry
3. Automobile
4.Hospitality Industry
5. Others


by Component
1. Optical Components
2. Electronics
3. Display and Control Units
4. Others


by Product Type
1. Contact Thermometers
2. Non-contact Thermometers



Infrared Thermometer Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Denmark, Sweden, Switzerland, Austria and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
Infrared Thermometer Market, 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)

FAQs:

1. Which is the potential market for the Infrared Thermometer Market in terms of the region?
Ans. In North America region, the inclination towards healthcare industry is expected to help drive the use of collaborative screens.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is new initiatives from governments that provide funding for Infrared Thermometer Markets in healthcare industries.

3. What is expected to drive the growth of the Infrared Thermometer Market in the forecast period?
Ans. A major driver in the Infrared Thermometer Market is the prevalence of work from home and remote collaboration created by the COVID-19 pandemic

4. What is the projected market size & growth rate of the Infrared Thermometer Market?
Ans. The Infrared Thermometer Market size was valued at US$ 346.61 Million in 2022 and the total Infrared Thermometer Market revenue is expected to grow at 12.02% through 2023 to 2029, reaching nearly US$ 767.21 Million.

5. What segments are covered in the Infrared Thermometer Market report?
Ans. The segments covered are Application type, End-User Type, based on type, Region.