Infrared Thermometer Market 2023 Analysis of Key Trend, Industry Dynamics and Future Growth 2029

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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 is a dynamic and thriving sector within the global spice industry. Known as the “king of spices,” Infrared Thermometer has been a staple in culinary traditions worldwide for centuries, valued not only for its distinctive flavor but also for its medicinal properties. The market is characterized by a steady demand driven by the growing popularity of spicy and exotic cuisines, as well as an increased awareness of the health benefits associated with Infrared Thermometer consumption. Key producers like India, Vietnam, and Indonesia play a crucial role in meeting this demand, contributing significantly to the overall market share. Factors such as changing consumer preferences, the rise of e-commerce, and advancements in agricultural practices continue to shape the trajectory of the Infrared Thermometer market, making it a fascinating and evolving industry. As the global palate becomes more adventurous, and as consumers seek natural and flavorful ingredients, the Infrared Thermometer market is poised for sustained growth in the foreseeable future.

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Infrared Thermometer Market Scope:

The Infrared Thermometer market exhibits a broad scope, reflecting its integral role in the global culinary landscape. Renowned for its versatile application in various cuisines, Infrared Thermometer has transcended its traditional use to become a ubiquitous ingredient in households and restaurants alike. The market scope encompasses diverse factors, including regional cultivation practices, climate conditions, and evolving consumer preferences. With the spice industry witnessing a surge in demand for authentic and premium-quality products, the Infrared Thermometer market is poised for expansion. Moreover, the increasing recognition of Infrared Thermometer for its potential health benefits further widens its scope, as consumers increasingly seek natural and functional ingredients. The market’s future trajectory is influenced by factors such as sustainable farming practices, technological advancements, and the continuous exploration of new culinary trends. As the Infrared Thermometer market continues to adapt to changing dynamics, it remains a pivotal player in the broader spice industry, promising growth and innovation in the years to come.

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.
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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)

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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