Infrared Thermometer Market

An increasing number of COVID-19 cases propels the market growth

COVID-19 is believed to spread mainly through close contact from person to person, among people who are physically near each other (within 6 feet). Individuals who are infected but do not show signs can also spread the virus to others. Cases of reinfection with COVID-19 have also been noted, though such cases are infrequent. Infrared thermometers can measure thermal radiation (infrared) emitted from the ear and forehead to infer body temperature. For in-ear thermometers, a new ear-probe jacket should be used for each person, and the ear canal must be pulled straight when measuring.

Forehead thermometers are used for screening instead of diagnostic purposes. Thus, in most public places, there has been a significant rise in the use of infrared thermometers in residential and commercial end uses. It is expected that with the rise in the number of COVID-19 cases, there will be a significant increase in the use of infrared thermometers in residential and public areas, such as airports, stadiums, malls, and banking financial institutions. Thus, this factor drives the market CAGR of infrared thermometer over the forecast period.

However, the rising adoption of infrared thermometers in food and healthcare industries, technological advancements in infrared thermometers, and increasing government support are some of the major factors driving the market growth of infrared thermometer. Infrared thermometers have become highly sought-after temperature measuring devices across various industries due to their benefits, including easy operation, simple handling, accurate results, and hygienic and contactless nature. They are increasingly used to monitor the temperature of equipment, patients, and moving objects, detect clouds for remote telescope operation, and check for hotspots in firefighting.

The expansion of the healthcare industry, coupled with the frequent outbreak of infectious diseases, has completely changed the tide in favor of non-contact infrared thermometers that have the potential to measure temperatures from a distance without making contact with objects. Thus, it is anticipated that this aspect will accelerate the infrared thermometer market revenue.

The Global Infrared Thermometer Market Industry experiences a notable surge in demand within the healthcare sector. The increasing emphasis on rapid and non-invasive temperature measurement methods has led to a higher adoption of infrared thermometers in hospitals and clinics. For instance, the market is projected to reach 1.07 USD Billion in 2024, driven by the need for efficient patient monitoring. This trend is further supported by the growing prevalence of chronic diseases, which necessitate regular health assessments. Consequently, healthcare professionals are increasingly relying on infrared thermometers for their accuracy and speed, indicating a robust growth trajectory for the industry.

By region, the study provides market insights into North America, Asia-Pacific, Europe, and the Rest of the World. The North America is expected to exhibit a significant CAGR growth during the study period. The growing geriatric population and higher healthcare expenditure contribute to its largest market share. Healthcare camps and initiatives undertaken by government organizations, such as WHO and NIH, to spread awareness about infectious diseases and help maintain better health status are anticipated to boost the market further.

Moreover, US market of infrared thermometer held the largest market share, and the Canada market of infrared thermometer was the fastest-growing market in the region.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3:  INFRARED THERMOMETER MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe infrared thermometer market accounts for the second-largest market share. This can be attributed to the changing lifestyle leading to an increase in the incidence of acute diseases, further increasing the incidence of fever in this region. Moreover, the UK market of infrared thermometer held the largest market share, and the Germany market of infrared thermometer was the fastest-growing market in the region.

Asia Pacific infrared thermometer market is expected to expand at the fastest CAGR from 2022 to 2030. This is attributed to high unmet medical needs, increasing prevalence of target diseases, including malaria, dengue, and swine flu, and growing patient awareness about the same in the region are some key factors contributing to its lucrative growth. Further, the China market of infrared thermometer held the largest market share, and the India market of infrared thermometer was the fastest-growing market in the region.

Major market players are spending a huge amount of money on R&D to expand their product lines, which will help the market of infrared thermometer to grow even more. Market participants are also taking a range of strategic initiatives to expand their worldwide footprint, with major market developments such as new product launches, increased investments, mergers and acquisitions, contractual agreements, and collaboration with other organizations. Competitors in the infrared thermometer industry must provide cost-effective items to enhance and survive in an increasingly competitive and growing market environment.

One of the major business strategies manufacturers adopts in the  infrared thermometer industry to enhance clients and enhance the market sector is manufacturing locally to decrease operating costs. The infrared thermometer market major player such as  Braun GmbH, Thermomedics Inc., Microlife Corporation, and PAUL HARTMANN AG.

Exergen Corporation manufactures laboratory instruments and instrumentation systems. The Company offers industrial and medical non-invasive temperature measurement devices. Exergen serves customers worldwide. In June 2022, Exergen Corporation introduced the TAT-2000 for professionals and the TAT-2000C for consumers at the medical expo in Mumbai, India, where The TAT 2000 is Exergen's newest Temporal Artery Thermometer. TAT targets medical professionals in schools, nursing homes, hospitals, and healthcare facilities.

The corporate headquarters of the multinational food and beverage processing conglomerate Nestlé S.A. are in Vevey, Vaud, Switzerland. Since 2014, based on revenue and other indicators, it has been the world's largest publicly traded food company. In 2022, Nestle S.A. stated that the company is investigating cutting-edge technology for creating dairy protein-based products without using animals.