What Fueled The Previous Growth In The Infrared Thermometers Market?
The infrared thermometers market has seen considerable growth due to a variety of factors.
• The market size for infrared thermometers has seen significant expansion in the past few years. The forecast predicts an increase from $2.14 billion in 2024 to $2.27 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.0%. This progressive growth during the historical period can be attributed to factors like emergency readiness measures, utilization of remote sensing applications, affordability, developments in travel and transportation, and consumer approval.
What Can Be Expected from the Infrared Thermometers Market Size?
The Infrared Thermometers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for infrared thermometers is anticipated to experience robust expansion in the coming years, escalating to $3.25 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 9.4%.
The predicted growth over this period is due to factors such as health and safety legislations, the broadening of the healthcare industry, worldwide health readiness, rising home utilization, and demand from industrial and commercial sectors. Key trends over this forecast period encompass global health issues, consumer inclination towards non-contact technology, applications of remote sensing, efficiency, cost-effectiveness, and the use in travel and public areas.
What Are the Critical Driver Fuelling The Infrared Thermometers Market's Growth?
The growth of the infrared thermometer market is being spurred on by the increased incidence of infectious diseases around the world. Infectious diseases, caused by pathogens infiltrating the human body, are measured using infrared thermometers. These devices are crucial for mass temperature checks during pandemics borne out of infectious diseases, including but not limited to, the ongoing COVID-19 pandemic, severe acute respiratory syndrome, the Ebola virus spread, and Influenza A. For example, data from the Office for National Statistics, a renowned national statistics institute based in the UK, shows that the infection rate rose for people between the ages of 35 and 69 as well as for those in the school years 12 to 24, as of the week ending December 9, 2022, in England. By the week ending December 18, 2022, the total admission rate to hospitals for confirmed COVID-19 patients in England surged to 9.56 per 100,000 people. The admission rate into intensive care units (ICUs) and high dependency units (HDUs) elevated to 0.29 per 100,000 population. This global increase in infectious diseases is, therefore, propelling the expansion of the infrared thermometer market.
How Is The Infrared Thermometers Market segmented?
The infrared thermometers market covered in this report is segmented –
1) By Product Type: Handheld Infrared Thermometers, Pocket Infrared Thermometers, Fixed Mount Infrared Thermometers
2) By Measurement Points Type: Ear, Forehead, Multifunction
3) By Distribution Channel: Retail Stores, Online Channels
4) By Application: Medical, Veterinary
5) By End User: Hospital And Clinics, Ambulatory Surgicals Centers, Other End Users
Subsegments:
1) By Handheld Infrared Thermometers: General Purpose Handheld Thermometers, Laser-Centered Handheld Thermometers
2) By Pocket Infrared Thermometers, Compact Pocket Models: Digital Pocket Infrared Thermometers
3) By Fixed Mount Infrared Thermometers: Industrial Fixed Mount Thermometers, Medical Fixed Mount Thermometers
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What New Trends Are Influencing The Infrared Thermometers Market?
Leading firms working in the infrared thermometers industry are concentrating their attention on developing innovative solutions, such as Bluetooth-enabled infrared thermometers, to create a competitive advantage in the market. These advanced infrared thermometers are designed to deliver swift and accurate readings and facilitate patients to transmit their data directly to healthcare professionals. For example, in July 2023, Tenovi Co., an American company specializing in remote patient monitoring solutions, presented the cellular-compatible Infrared Thermometer. This medical device employs RPM (Remote Patient Monitoring) to allow patients to instantly submit their real-time temperature data to healthcare providers. This real-time data enables clinicians to make faster and more effective decisions. The Tenovi Thermometer provides a speedy 1-second measurement for remote body temperature monitoring and sends alerts to healthcare professionals, providing timely and efficient healthcare for patients in postoperative and chronic care settings.
Who Are the Key Players In The Infrared Thermometers Market?
Major companies operating in the infrared thermometers market include:
• OMRON Corporation
• Braun GmbH
• OMEGA Engineering Inc.
• HORIBA Ltd.
• PCE Deutschland GmbH
• Weiss Instruments LLC
• Thermomedics Inc.
• Microlife Corporation
• Contec Medical Systems Co. Ltd.
• Fluke Corporation
• Optris GmbH
• Exergen Corporation
• Geratherm Medical AG
• PAUL HARTMANN AG
• BPL Medical Technologies
• American Diagnostic Corporation
• Electronic Temperature Instruments Ltd.
• General Tools & Instruments LLC
• Hioki E.E. Corporation
• Etekcity Corporation
• Extech Instruments Corporation
• Flir Systems Inc.
• Helect Inc.
• HoldPeak Electric Co. Ltd.
• iHealth Labs Inc.
• Infrared Cameras Inc.
• Kizen LLC
• Klein Tools Inc.
• Lasergrip Technologies LLC
What Is The Most Dominant Region In The Infrared Thermometers Market?
North America was the largest region in the infrared thermometers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the infrared thermometers market share during the forecast period. The regions covered in the infrared thermometers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
