Infrared thermometers are handheld devices that are used for non-contact temperature measurement and are an alternative to mercury-in-glass thermometers. They are useful in situations where direct physical contact with an object or surface is not possible or advisable. Infrared thermometers are being increasingly used in the healthcare industry for patient temperature screening, especially during outbreaks of infectious diseases such as COVID-19. They offer advantages like quick and hygienic temperature reading from a safe distance to minimize spread of infections. The global infrared thermometer market touches multiple end use industries including industrial, medical, food, military etc. With growing focus on health and hygiene, infrared thermometers are replacing traditional thermometers in clinics and hospitals.
The global Infrared Thermometer Market is estimated to be valued at US$ 14 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the infrared thermometer market is the technological advancements in product design for improved accuracy and convenience. Manufacturers are focusing on compact sizes, touchless operations and connected device capabilities for wireless temperature monitoring and data logging. For example, connected thermometers can transmit readings to mobile apps or dashboards for remote oversight of patients. Novel materials and sensors are also enhancing temperature measurement ranges to cater to wider industrial process control applications involving measurement of gases and liquids in addition to surface temperature. Miniaturization of components is paving way for introduction of infrared thermometers integrated into wearable devices and consumer products like smartwatches for continuous physiological monitoring.
Porter’s Analysis
Threat of new entrants: Low as the Infrared Thermometers market requires high initial capital investment and existing key players have already established themselves in the market. Bargaining power of buyers: High as the buyers have many suppliers and product offering to choose from. Bargaining power of suppliers: Moderate as the key components used in Infrared Thermometers have availability of substitutes. Threat of new substitutes: Low as Infrared Thermometer has proven technology benefits over traditional thermometers. Competitive rivalry: Intense as the key global players compete on the basis of product quality, features, reliability, accuracy and pricing.
Key Takeaways
Global Infrared Thermometer Market Size is expected to witness high growth.
Regional analysis: North America holds the major share of Infrared Thermometer market owing to presence of key global players and early adoption of advanced health monitoring devices. Asia Pacific region is expected to grow at fastest pace during forecast period due to increasing healthcare expenditure and growing awareness regarding Infrared Thermometers .
Key players: Key players operating in the Infrared Thermometer market are Becton, Dickinson and Company, Lohmann & Rauscher, Komal Health Care Pvt. Ltd., Paul Hartmann AG, DeRoyal Industries Inc., Tytex, Shandong Dermcosy Medical Co., Ltd., Smith & Nephew plc, Dynarex Corporation, Talent Healthcare, 3M and Datt Mediproducts Pvt. Limited.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
