Infrared Thermometers Market Analysis North America,Europe,Asia,Rest of World (ROW) - US,Germany,France,China,Japan - Size and Forecast 2023-2027

Infrared Thermometers Market Forecast 2023-2027

The infrared thermometers market is estimated to increase by USD 812.99 million, growing at a CAGR of 16.5% between 2022 and 2027. The growth of the market depends on several factors, including the increasing prevalence of contagious and chronic diseases, the wide application across industries, and the high level of accuracy. The escalating incidence of contagious and chronic illnesses stands as the pivotal driver behind the expansion of the global market. The emergence of multi-drug resistant (MDR) strains of microorganisms, along with the emergence of novel bacterial and viral ailments, remains the primary catalyst for infectious diseases on a global scale. This resulted in severe strains on medical resources, with countries like China and Italy facing shortages of essential supplies, while healthcare facilities, including hospitals and ICU wards, struggled to accommodate the surge in patient numbers.

What will the Size of the Infrared Thermometers Market be During the Forecast Period?

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Segmentation

This report extensively covers market segmentation by type (handled thermometer and fixed-mount thermometer) and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Product Type

The market share growth by the Non-contact infrared thermometers segment will be significant during the forecast period. In 2022, non-contact products is the leading segment of the global market. The segment is expected to witness substantial growth during the forecast period, owing to the increasing demand from the healthcare and industrial sectors. Generally, they do not require any physical contact to take the temperature. These temperature-sensing devices analyze temperature readings through electromagnetic radiation.

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The non-contact infrared thermometers segment showed a gradual increase in market share with USD 437.03 million in 2017 and continued to grow by 2021. Owing to the non-contact features, these are used in many applications in which fast spot temperature analysis is required. In addition, non-contact infrared thermometers are also used in applications where conventional contact thermometers cannot be used easily. These thermometers are widely preferred in industries such as process, electrical, food and beverage, agriculture, and mechanical. Non-contact variants can be used in heating and air conditioning systems to detect heat gain and loss, insulation breakdown, and duct and furnace leakage. Furthermore, in the electrical and industrial sectors, these thermometers are widely used to monitor the performance of cooling systems of engine and motor and steam systems and boiler operations and to identify hot spots in electrical panels and systems. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027.

Key Regions

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North America is projected to contribute 36% of market growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. 

In 2022, North America was the leading geographical segment in the global market. The market in North America is expected to grow at a moderate rate during the forecast period. In 2022, the US and Canada were the major revenue contributors to the regional market, owing to the increasing number of people with chronic health conditions, the rising number of new product launches, and the presence of both local and global companies. In addition, the presence of global vendors such as Fluke, Thermo Fisher Scientific, and PositiveID in the US drives the market growth in the region.

Market Dynamics and Customer Landscape

The Infrared Thermometers Market is witnessing significant growth driven by the need for non-contact solutions in combating infectious diseases like Malaria and Dengue. These thermometers offer versatile measurement points such as the ear and forehead, making them multifunctional for medical, veterinary, and even dairy protein-based product industries. With distribution channels spanning hospital and retail pharmacies to online stores, accessibility is enhanced across various sectors. Advanced technologies ensure accuracy and energy efficiency, catering to price-sensitive markets without compromising health safety concerns. However, challenges persist regarding accuracy and measurement, particularly in price-sensitive markets. Innovations in smart technologies aim to address these concerns while promoting eco-friendly products. As demand rises, especially in sectors like the automobile and HVAC industries, infrared thermometers play a pivotal role in ensuring health safety and environmental sustainability. 

Key Market Driver

The increasing prevalence of contagious and chronic diseases is the key factor driving the global market's growth. The development of multi-drug resistant (MDR) strains of microorganisms and the rise of new bacterial and viral diseases are the primary causes of infectious diseases worldwide. In March 2020, the WHO declared the COVID-19 outbreak a pandemic as it had spread to many countries and territories. Many countries, such as China and Italy, ran out of medical supplies and healthcare facilities such as hospitals and ICU wards could not provide medical and healthcare services to the surge in the number of patients.

High fever is one of the most common symptoms of COVID-19. Therefore, the demand increased rapidly to identify people with COVID-19 symptoms. Since most are non-contact temperature-monitoring devices, their demand increased further because they do not involve any physical contact and can prevent the spread of the disease. In addition, the rapidly growing population, lifestyle changes, urbanization, civil wars, and climate change have increased the prevalence of various infectious diseases. Thereby, the increasing prevalence of infectious and chronic diseases is likely to drive the growth of the market in focus during the forecast period.

Significant Market Trend

The increasing demand from airports to screen passengers will fuel the global market's growth. The rapid growth in air passenger traffic has necessitated radical changes in the standard operating procedures (SOP) followed in airport terminals to cater to the increased passenger numbers with minimum capacity constraints while ensuring zero lapses in security protocols. The rising prevalence of communicable diseases negatively impacts the profit and operations of stakeholders in the airline industry.

The increasing prevalence of communicable diseases has led to the implementation of health-monitoring procedures at various checkpoints. In addition, the recent outbreak of COVID-19 globally has raised hygiene concerns among the global population. The novel coronavirus disease can spread from person to person through droplets generated when an infected person sneezes or coughs or even by touching any infected area or place that has already come into contact with the infected person. Thus, the outbreak of the COVID-19 pandemic will increase the demand in airports during the forecast period.

Major Market Challenge

The high cost of infrared thermometers is a major challenge to the global market's growth. The global market is growing at a steady pace. However, the high cost, especially in price-sensitive markets such as developing and emerging economies, has hindered market growth. Furthermore, technological advancements are increasing the price. The prices are much higher than that of other types of thermometers, such as liquid-filled glass thermometers and digital thermometers. In addition, the adoption of smart and connected infrared thermometers is limited to high-end applications in developed countries due to their high-cost features.

Industrial users that frequently use thermometers prefer due to their accuracy and wide range of temperature measurements. However, the adoption rate is substantially low in developing countries owing to the high cost of the product. The low adoption rate of high-end products in developing countries is likely to impact the growth of the market in focus during the forecast period.

Key Market Customer Landscape

Our analysis of the Life Cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries including the US, Germany, France, China, and Japan. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.

Global Market Customer Landscape

Who are the Major Infrared Thermometers Market Companies?                       

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market

bioseb.com - The company offers infrared thermometers such as BIO IRB153. Also, under this segment, the company operates as a manufacturer of in-vivo preclinical testing equipment for neuroscience research, preclinical pain, and anxiety.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market players, including :

• Baxter International Inc.
• BPL Medical Technologies Pvt. Ltd.
• Cardinal Health Inc.
• Citizen Watch Co. Ltd.
• Contec Medical Systems Co. Ltd.
• Exergen Corp.
• Fluke Corp.
• Geratherm Medical AG
• Helen of Troy Ltd.
• HORIBA Ltd.
• Microlife Corp.
• OMRON Corp.
• Optris GmbH
• Paul Hartmann AG
• PCE Holding GmbH
• PositiveID Corp.
• Radiant Innovation Inc.
• Thermo Fisher Scientific Inc.
• Vesync Co. Ltd.
• Vive Health

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by product type, type, and region.

• Product Type Outlook 
  • Non-contact infrared thermometers
  • Contact infrared thermometers 

• Type Outlook 
  • Handled thermometer
  • Fixed-mount thermometer

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Argentina
    • Australia
    • Rest of the world

Market Analyst Overview

The Market is witnessing significant growth, driven by the increasing demand for non-contact thermometers in various sectors such as healthcare, electronics, automotive, and environmental monitoring. With applications ranging from temperature monitoring in healthcare settings to land and water temperature measurement in environmental monitoring, these thermometers offer multifunctional capabilities. They are distributed through diverse channels including hospital and retail pharmacies, online stores, and veterinary clinics. The adoption of advanced technologies ensures accuracy and efficiency, addressing concerns regarding health safety and environmental impact. However, challenges related to accuracy and measurement persist, prompting continuous technological innovations. Eco-friendly and smart technologies are gaining traction, especially in developed and emerging countries, highlighting a shift towards sustainable and digitally-driven healthcare solutions.

The Infrared Thermometers Market is witnessing substantial growth driven by their diverse applications across various industries and healthcare sectors. These thermometers, particularly forehead and ear thermometers, offer convenient and accurate temperature measurement points, making them invaluable tools in medical facilities and research methodologies for detecting acute diseases like malaria and dengue. Distribution channels span hospital and retail pharmacies, alongside online platforms in the eCommerce sector, catering to diverse consumer needs. With increasing emphasis on health safety concerns, infrared thermometers provide a cost-effective and energy-efficient solution, aligning with eco-friendly product trends. Challenges persist regarding accuracy and measurement in different environments like land and water bodies, necessitating continuous innovation in the electronics industry. Despite concerns about eye damage, their widespread adoption underscores their importance in ensuring health safety across various sectors.

Infrared Thermometers Market Scope
Report Coverage	Details
Page number	162
Base year	2022
Historical year	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 16.5%
Market growth 2023-2027	USD 812.99 million
Market structure	Fragmented
YoY growth (%)	14.9
Regional analysis	North America, Europe, Asia, and the Rest of the World (ROW)
Performing market contribution	North America at 36%
Key consumer countries	US, Germany, France, China, and Japan
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Baxter International Inc., Bioseb SAS, BPL Medical Technologies Pvt. Ltd., Cardinal Health Inc., Citizen Watch Co. Ltd., Contec Medical Systems Co. Ltd., Exergen Corp., Fluke Corp., Geratherm Medical AG, Helen of Troy Ltd., HORIBA Ltd., Microlife Corp., OMRON Corp., Optris GmbH, Paul Hartmann AG, PCE Holding GmbH, PositiveID Corp., Radiant Innovation Inc., Thermo Fisher Scientific Inc., Vesync Co. Ltd., and Vive Health
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

 

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