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 Scope :
The Infrared Thermometer Market report presents analytical data that highlights key aspects such as trends, targets, market position, and market value during the forecast period. The competitive analysis covers the major market players, their production capacity, and the demand and supply of their products and services. The report includes key players as well as aspiring companies in the Infrared Thermometer market. The segmentation analysis aids in understanding different datasets and provides behavioral and geographical analysis to capture significant changes in the forecast period. It also reveals opportunities and revenue generation potential for leading players in the Infrared Thermometer market. SWOT analysis is performed as a strategic planning and management technique to identify strengths, weaknesses, opportunities, and threats related to business competition or project planning. Porter’s analysis is conducted to assess an organization’s strengths, weaknesses, and critical factors affecting profitability. PESTLE analysis is a strategic framework used to evaluate the operating environment of an organization.
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Infrared Thermometer Market Overview :
Maximize Market Research, a leading business consultancy has published a research report on the Infrared Thermometer market. The report showcases the global growth of the Infrared Thermometer market, projecting its upward trajectory until 2029. It provides valuable insights into key industries and offers comprehensive data analysis. The report presents graphical representations that illustrate the current position and potential of the market.
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Infrared Thermometer Market Segmentation :
by Application
1. Medical
2. Non-Medical
The medical and non-medical markets are divided into two categories. The product utilisation in medical applications is estimated to increase at the quickest CAGR of more than 13.2% throughout the forecasted period. Both the population and the variety of fever-producing illnesses may increase as a result of this. Additionally, it is anticipated that an increase of COVID-19 cases will fuel market expansion. For instance, according to the WHO, as of February 25, 2022, there were 43,12,574 confirmed cases of COVID-19 worldwide. Furthermore, regulatory organisations all around the world, including the U.S. FDA, support the use of products to measure a person’s body temperature. As a result, there is an increase in demand for hospitals and clinics, which is promoting the growth of the medical industry.
by Type
1. Handheld Thermometer
2. Fixed-mount Thermometer
The markets for non-contact handheld and fixed-mount thermometers are distinct. 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. The segment is expected to grow because to the increase in acute illnesses and the increase in different infections that induce fever. For instance, there are now more people with yellow fever. According to the WHO, typhoid fever affects 21 million people annually worldwide. Similar to this, the CDC notes that 30,000 yellow fever cases are reported annually.
by End-User
1. Healthcare industry
2. Food & Beverage industry
3. Automobile
4.Hospitality Industry
5. Others
The fastest CAGR is anticipated to occur in the healthcare sector between 2022 and 2030, which had the greatest share of the GDP at 42.2% in 2022. Due to an expansion in the number of bakeries, cafes, take-out joints, and cafes around the world, the second-largest end-use industry, hospitality, has experienced growth. For instance, according to the UK’s Office of National Statistics, there are 125,400 cafes, bakeries, and restaurants nationwide.
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 Key Players :
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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Regional Analysis
The analysis presents segmented data by region in a visual format. It offers an overview of the market, comparing it regionally based on the market value of products, demands, and the position of key market players. It also highlights targeted regions and their production capacities. This report assists in implementing new strategies tailored to specific countries and regions within the market.
Key Questions Answered in the Infrared Thermometer Market Market Report:
- What is the definition of the Infrared Thermometer Market?
- What is the forecast period for the Infrared Thermometer Market?
- What is the competitive landscape of the Infrared Thermometer Market?
- Which region holds the largest market share in the Infrared Thermometer Market?
- What are the opportunities for the Infrared Thermometer Market?
- What factors are influencing the growth of the Infrared Thermometer Market?
- Who are the key players in the Infrared Thermometer Market?
- Which company holds the largest share in the Infrared Thermometer Market?
- What will be the compound annual growth rate (CAGR) of the Infrared Thermometer Market during the forecast period?
- What key trends are expected to emerge in the Infrared Thermometer Market in the coming years?
Key Offerings:
- Market Share, Size, and Revenue Forecast | 2022-2029
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Market Segmentation: Detailed analysis by Infrared Thermometer Market
- Landscape: Leading key players and other prominent participants
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company comprising professionals from various industries. We cover a wide range of industries, including medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automated systems, among others. Our services include market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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