The infrared thermometer market has seen significant growth in recent times driven by the increasing demand for contactless temperature screening amid the ongoing COVID-19 pandemic. Infrared thermometers offer a non-invasive procedure to measure human body temperature and help detect fever which is one of the primary symptoms of the COVID-19 disease. These thermometers measure temperature from the patient’s forehead or eardrum from a safe distance reducing the chance of exposure and cross-contamination. Temperature screening using infrared thermometers has become mandatory at public places like airports, malls, offices, and industrial facilities.
The global infrared thermometer market is estimated to be valued at US$ 16.13 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031.
Infrared thermometers are handheld devices used for non-contact temperature measurement of the human body. They offer faster, safer and more accurate temperature readings compared to conventional thermometers. Infrared Thermometer Market eliminate direct contact with patients and help reduce the risk of disease transmission. With rising hygiene and safety concerns amid the pandemic, infrared thermometers are allowing contactless temperature screening of large populations at public places.
Key Takeaways
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.
The rising Infrared Thermometer Market Demand for contactless temperature measurement devices at public places and increasing awareness about hygiene and safety are fueling the growth of the infrared thermometer market.
Leading manufacturers are expanding their geographical presence by strengthening supply chains and distribution networks globally to tap the growing demand from emerging markets.
Market Key Trends
The rising cases of COVID-19 infections globally have boosted the demand for infrared thermometers for mass temperature screening in different settings. Manufacturers are innovating user-friendly infrared thermometers integrated with additional features like data collection and analytics to improve efficiency. The increased adoption of infrared thermometers at airports, offices and other public facilities as part of safety protocols is a major trend driving the market. Rising sales of infrared thermometers through e-commerce channels and online platforms amid pandemic-related restrictions have also supported the market growth.
Porter’s Analysis
Threat of new entrants: New companies can enter the infrared thermometer market easily as the capital requirement is moderate. However, establishing brand recognition and competing with established market leaders poses challenges.
Bargaining power of buyers: The bargaining power of buyers is moderate. Buyers have sufficient options to choose from various established brands. However, shifting to substitutes requires additional costs.
Bargaining power of suppliers: A few companies dominate the supply of infrared thermometer components and technologies. This gives them significant bargaining power over manufacturers.
Threat of new substitutes: Alternatives like thermometers are available but infrared thermometers offer non-contact temperature measurements which is a unique proposition.
Competitive rivalry: The infrared thermometer market has the presence of many global and local players. Competition is intense regarding pricing, quality, branding and innovation.
Geographical Regions
Asia Pacific accounts for the largest share of the global infrared thermometer market in terms of value due to the rising medical expenses, increasing awareness about diagnosis, and growing incidences of fever.
North America is expected to grow at the fastest rate during the forecast period. This is attributed to factors such as increasing expenditure on healthcare infrastructure, technological advancements, and favorable reimbursement policies in the region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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