The infrared thermometer market is expected to grow at a CAGR of over 15% during the period 2019–2025.
Impact of COVID-19 on Infrared Thermometer Market
The outbreak of COVID-19 pandemic across the globe has witnessed a spike in demand for various medical devices including, digital thermometers, infrared thermometers, nebulizers, blood pressure monitoring devices, among others. In efforts to contain the highly contagious virus causing COVID-19, temperature monitoring has become a mandate across all public places including, shopping malls, airports, offices, schools and all other institutes, resulting in a rapid increase in demand for non-contact thermometers. In 2020, the global demand for the non-contact thermometer is expected to grow by 19% to reach market revenue of approximately $450 million.
The growth in demand is, however, exceeding the supply, resulting in the shortage of supply in the Q2 of 2020 across various countries, including the US, the largest market for the non-contact thermometer across the globe. The sales of the non-contact thermometer in the US exploded in March, leaving consumers to settle for expensive digital thermometers or other temperature measuring devices.
Non-contact and minimal contact thermometers are available in three varieties in terms of product type, namely, forehead, in-ear, and multifunction. Forehead thermometers accounted for the largest market share of approximately 60% in 2019. Forehead non-contact thermometers are easy to use and provide faster results. Because of its advantages, the forehead thermometers are used to measure temperature in babies and infants without causing them discomfort.
The following factors are likely to contribute to the growth of the infrared thermometer market during the forecast period:
- Growth in Medical Tourism
- Development of Innovative Products
- Demand for Multifunction Non-contact Thermometers
- Prevalence of Healthcare Acquired Infections
Base Year: 2019
Forecast Year: 2020–2025
The study considers the present scenario of the infrared thermometer market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
- Omron Healthcare
- Paul Hartmann
- Hill-Rom Holdings
Other Prominent Vendors
- Thermomedics Inc.
- BPL Medical Technologies
- Exergen Corporation
- Contec Medical Systems
- Cardinal Health
- American Diagnostic Corporation
- A&D Medical Manufacturers
- Briggs Healthcare
- Preve Precision
- Guangzhou Berrcom Medical Device Co. Ltd.
Segmentation by Product Type
Segmentation by End-user
Segmentation by Geography
- North America
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
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Source : Infrared Thermometer Market- Global Outlook And Forecast 2019-2024 by Arizton Advisory & Intelligence
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