Infrared Thermometry Revolution: Market Overview and Projections (2023-2029)


Posted January 12, 2024 by aishwaryammr

Infrared Thermometer Market size was valued at USD 346.61 Mn in 2022 and the total Infrared Thermometer Market revenue is expected to grow at 12.02% from 2023 to 2029, reaching nearly USD 767.21 Mn.
 
Infrared Thermometer Market Overview:

The "Global Infrared Thermometer Market Analysis" is a thorough examination of the Infrared Thermometer market, with an emphasis on global market trends and analysis. This research aims to give an overview of the Infrared Thermometer industry as well as a complete market analysis by segment and geography. The Infrared Thermometer market is predicted to grow significantly over the forecast period. The report includes vital information on the market positions of the major Infrared Thermometer companies, as well as notable industry trends and prospects.

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Infrared Thermometer Market Scope:

The report includes a PESTLE analysis to assess the market's major competitors' strengths and weaknesses. The report thoroughly investigates the Infrared Thermometer Market size, share, trends, total earnings, gross revenue, and profit margin in order to predict the market and give investors professional insights to keep them up to speed on market developments.

The research also focuses on the top industry players in the Global Infrared Thermometer market, including company biographies, product photos and specifications, capacity, production, price, cost, revenue, and contact information. This study investigates market trends, volume, and value at the global, regional, and corporate levels. This research looks at the whole Infrared Thermometer Market Size from a global perspective, analyzing historical data and creating estimates.

Infrared Thermometer Market Segmentation:

There are two market segments based on application: medical and non-medical. The fastest CAGR of more than 13.2% is predicted to grow for product usage in medical applications during the projected period. Both population growth and an increase in the variety of fever-causing illnesses may result from this. Furthermore, it is anticipated that an increase in COVID-19 cases will fuel market growth. For example, as of February 25, 2022, 43,12,574 COVID-19 cases had been confirmed worldwide, according to the WHO. Furthermore, regulatory agencies worldwide, including the U.S. FDA, are endorsing the use of products to take a person's temperature. The increased demand for hospitals and clinics as a result is supporting the growth of the medical industry.

Non-contact handheld and fixed-mount thermometers have distinct market segments based on type. With a market share of more than 74.2% in 2022, the handheld type category is expected to grow at the quickest rate during the forecast period. It is expected that the segment will increase due to the rising rates of both acute illnesses and different infections that result in fever. For example, there are now more people suffering from yellow fever. The WHO estimates that typhoid fever affects 21 million people globally each year. In a similar vein, the CDC reports that 30,000 cases of yellow fever occur annually.

Considering the End-User, Between 2022 and 2030, the healthcare sector—which held the largest share of the economy at 42.2% in 2022—is expected to grow at the fastest rate. The rise in bakeries, cafes, take-out restaurants, and other end-use businesses worldwide has contributed to the expansion of the second-largest end-use sector, hospitality. For example, the UK's Office of National Statistics calculates that there are 125,400 restaurants, bakeries, and cafés nationwide.

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Infrared Thermometer Market Key Players:

Secondary research identifies key market participants, whereas primary and secondary research determines their market revenues. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data. The following is a list of a few firms involved in the Infrared Thermometer industry.

1. American Diagnostic Corporation(US)
2. FLIR(US)
3. Testo(US)
4. Cardinal Health(US)
5. Thermomedics, Inc.(US)
6. Exergen(US)
7. Welch Allyn – A Hill-Rom Inc. Company(US)
8. Electronic Temperature Instruments Ltd(UK)
9. PCE Instruments(UK)
10. Geratherm Medical AG(Germany)
11. PAUL HARTMANN AG(Germany)
12. Braun GmbH(Germany)
13. Microlife Corporation(Switzerland)
14. BPL Medical Technologies(Denmark)
15. Contec Medical Systems Co., Ltd.(China)
16. OMRON Corporation(Japan)
17. AMETEK Land(UK)

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Infrared Thermometer Market Regional Analysis:

The Infrared Thermometer study delves into the geographic analysis, which is further subdivided into sub-regions and nations. This portion of the research includes profit estimates as well as market share data for each nation. This section of the research goes through each region's and country's share and growth rate during the projected time period.

After examining political, economic, social, and technological aspects impacting the Infrared Thermometer market in various areas, the research delivers a definitive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

COVID-19 Impact Analysis on Infrared Thermometer Market:

As a result of the COVID-19 pandemic, customer behaviour has evolved throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Infrared Thermometer market and will help you build your business in compliance with the new industry standards.

The Infrared Thermometer Market Report presents a 360-degree study under the COVID-19 Impact section, extending from the flexible supply chain and import restrictions to provincial government policy and future effect on the firm. Primary market research (2021-2027), venture competition examples, advantages and downsides of huge company streams, and industry growth patterns (2021-2027) have all been presented.

Key Questions Answered in the Infrared Thermometer Market Report are:

How big is the market for Infrared Thermometer?
Which regional market will emerge as the market leader in the next years?
Which application category is expected to develop the fastest?
What opportunities for growth may exist in the Infrared Thermometer industry in the next years?
What are the most significant future challenges that the Infrared Thermometer market may face?
Who are the market leaders in the Infrared Thermometer category?
What are the main trends that are influencing market growth?
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Issued By Aishwarya
Phone  +91 9607365656
Business Address MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT Park Phase 2,
Pune Bangalore Highway, Narhe, Pune, Maharashtra 411041, India.
Country India
Categories Science
Tags infrared thermometer market , infrared thermometer market share , infrared thermometer market business , infrared thermometer markettrends
Last Updated January 12, 2024