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 research report provides an in-depth analysis of strategies, micro and macro market trends, pricing analysis, short-term market conditions, and a comprehensive assessment of the key players. The report also explores the upcoming trends that are projected to shape the evolution of the Infrared Thermometer market.
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Infrared Thermometer Market Report Scope and Research Methodology
The report provides a comprehensive analysis of the global Infrared Thermometer market, including its growth trajectories, competitive landscape assessment, and developmental status across different regions. The Infrared Thermometer market report covers a range of key players, such as import and export consumption, supply and demand dynamics, cost structures, pricing trends, revenue streams, and gross margins.
The research methodology involved a thorough exploration of multiple factors influencing the Infrared Thermometer sector, including government policies, competitive landscape, historical data, prevailing market trends, technological advancements, emerging innovations, and progress within related industries. SWOT analysis was used to identify the strengths and weaknesses of key players in the Infrared Thermometer sector.
Infrared Thermometer Market Regional Insights
The Infrared Thermometer market study includes company profiles from different regions, as well as information on their business strategies and statistics. The analysis of the Infrared Thermometer market dynamics and size has been provided at the local, regional, and global levels.
Infrared Thermometer Market Segmentation
There are two market groups based on application: medical and non-medical. The fastest CAGR of more than 13.2% is predicted to grow for product utilization in medical applications during the projected timeframe. Both population growth and an increase in the variety of fever-causing disorders 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 categories according on type. The portable type category is anticipated to develop at the fastest rate during the projection period, with a market share of more than 74.2% in 2022. It is expected that the segment will increase due to the increased rates of both acute diseases and other infections that result in fever. For example, there are now more people suffering from yellow fever. The WHO estimates that typhoid illness affects 21 million individuals globally each year. In a similar vein, the CDC claims that 30,000 cases of yellow fever occur annually.
Considering the End-User, Between 2022 and 2030, the healthcare sector—which held the greatest share of the GDP at 42.2% in 2022—is expected to grow at the quickest 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 industry, hospitality. For example, the UK's Office of National Statistics calculates that there are 125,400 restaurants, bakeries, and cafés nationwide.
In a similar vein, another source states that in India alone, there are 52,985 hotels, 6.9 million organized restaurants, and over 24.2 million unorganized businesses. The infrared thermometer is experiencing rapid expansion in the automotive sector.
1 Global Infrared Thermometer Market, by Application (2021-2029)
• Medical
• Non-Medical
2 Global Infrared Thermometer Market, by Type (2021-2029)
• Handheld Thermometer
• Fixed-mount Thermometer
3 Global Infrared Thermometer Market, by End-User (2021-2029)
• Healthcare industry
• Food & Beverage industry
• Automobile
• Hospitality Industry
• Others
4 Global Infrared Thermometer Market, by Component (2021-2029)
• Optical Components
• Electronics
• Display and Control Units
• Others
5 Global Infrared Thermometer Market, by Product Type (2021-2029)
• Contact Thermometers
• Non-contact Thermometers
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Infrared Thermometer Key Competitors
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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Key questions answered in the Automotive Relay Market are:
- What are the global and regional trends in the Infrared Thermometer Market?
- Which Infrared Thermometer market segment is expected to grow rapidly during the forecast period?
- Which factors are expected to drive the Infrared Thermometer market during the forecast period?
- What are the major challenges that the Infrared Thermometer Market could face in the future?
- How is the intervention from regulatory authority is shaping the Infrared Thermometer Market?
- Who are the key players in the Infrared Thermometer industry?
- What growth strategies are the players considering to increase their presence in Infrared Thermometer Market?
- Which region held the largest Infrared Thermometer market share?
Key Offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Regional Insights
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Industry Recommendations
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