INFRARED THERMOMETER MARKET ANALYSIS

The global infrared thermometer market market is estimated to be valued at US$ 14 billion in 2023 and is expected to exhibit a CAGR of 7.1% during the forecast period (2023-2030).

Analysts’ Views on Global Infrared Thermometer Market:

Increasing technological advancement for development of infrared therometer by key market players is expected to drive the growth of the market over the forecast period. For instance in February 2020, Xiaomi Inc., a China-based designer and manufacturer of consumer electronics, has launched a new non-contact infrared thermometer, the Fanmi infrared smart ear thermometer has a small body and a round shape. There is only one operation button in the whole body. It is easy to use and easy to read. This smart thermometer uses imported probes and the core Fanmi’s original 3D probe technology is used for the development of device.

Figure 1. Global Infrared Thermometer Market Share (%), by Technology, 2023

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Global Infrared Thermometer Market– Driver

Increasing product launches by key market players

Increasing organic growth strategies such as product launches to expand its product portfolio is expected to boost the growth of the market over the forecast period. For instance, in May 2020, Neptune Wellness Solutions Inc., a leader in natural health and wellness products, announced  the launch of Neptune Air, a non-contact infrared thermometer (NCIT) optimized for measuring a person's temperature while reducing cross-contamination risk and minimizing the risk of spreading disease.

Increasing partnership by the market players

Increasing inorganic growth strategies such as partnership & acquisition by the market players to expand its product portfolio is expected to foster the market growth over the forecast period. For instance, in January 2020, LumaSense Technologies, provides gas and temperature sensing solutions, announced the distribution partnership with  LIMAB U.K., a leading distributor of non-contact laser, for distribution of its range of infrared thermometers and thermal imagers for industrial markets in the U. K. and Ireland.

Figure 2. Global Infrared Thermometer Market Value (US$ Billion), by Region, 2023

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Global Infrared Thermometer Market- Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global infrared thermometer  market over the forecast period. This is attributed to the increasing product launch  by market players and increasing market share of North America. North America Contributes 47.1% market share. For instance, in June 2020, Cole-Parmer, a U.S.-based manufacturer of lab equipment and supplies for research and process, announced the launch of Non-contact Infrared Forehead Thermometer. This IR thermometer was intended for industrial and office health screenings and monitoring.

Global Infrared Thermometer Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

The COVID-19 pandemic had a positive impact on the global infrared thermometer  market, owing to increasing use of infrared thermometer for patients screening around the world suffering  from COVID-19. For instance, in August 2022,  according to the Centers for Disease Control and Prevention (CDC), in 2020, Ministries of Health of almost all the countries are focusing on the screening of travelers at the point–of–entry for coronavirus symptoms. The screening involves two stages: primary screening involves the checking of the obvious signs of illness such as measuring temperature of the travelers and taking information about travel and exposure history. Secondary screening involves screening tests conducted by healthcare professionals. Due to the importance of primary screening process, there will be an increase in demand for infrared thermometers, which is expected to drive growth of the market over the forecast period.

Global Infrared Thermometer Market Segmentation:

The global infrared thermometer market report is segmented into technology, end user, and region.

Based on Technology, the global infrared thermometer market is segmented into Handheld Infrared Thermometer, Fixed Mount Infrared Thermometer, Pocket Infrared Thermometer, and Others. Out of which, Handheld Infrared Thermometer segment is expected to dominate the global infrared thermometer market during the forecast period and this is due to increasing adoption of various growth stratergies such as product approval, partnership, and others by the market players.

Based on End User, the global infrared thermometer market is segmented into Diagnostic Clinics, Hospitals, Research Organization, and Others. The Hospitals segment is expected to dominate the market over the forecast period and this is due to the increasing use of infrared thermometer in hospitals.

Based on Region, the global infrared thermometer market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Afrcia. The North America segment is expected to dominate the market over the forecast period and this is due to the increasing use of infrared thermometer in North America region.

Among all the segmentations, the technology segment has the highest potential due to the increasing product launches by key market players in Asia Pacific region. For instance, in January 2021, Shenzhen FITGO Technology Co.,Ltd, manufacturer of lacing system production, announced the launch of latest technology range of infrared thermometers. The thermometers are of six different types designed in the most advanced and sophisticated manner inheriting features like Quick 1-Second Temperature, Memory Recalls, Fever Alarm, etc.

Global Infrared Thermometer Market Cross Sectional Analysis:

Increasing organic growth strategies such as product lauches by the key market players are driving the growth of the technology segment in Asia Pacific region. For instance, in February 2020, Xiaomi Inc., a China-based designer and manufacturer of consumer electronics, has launched a new non-contact infrared thermometer, the Bemcom Infrared thermometer has a built-in temperature sensor and working environment temperature compensation sensor, which can help to obtain accurate temperature measurement data in various environments.

Global Infrared Thermometer Market: Key Developments

On June 30, 2023, Exergen Corporation, a leading manufacturer of infrared temperature measurement equipment for medical applications, has signed a distribution agreement with prestigious Euro Swiss, edical supplies in Argentina to distribute its Temporal Artery Thermometers in Argentina.

On July 6, 2023, Tenovi, a medical device manufacturers has released its cellular-enabled Infrared Thermometer. Tenovi's dual-mode advanced infrared temperature technology offers eardrum and no-touch forehead modes, ensuring accurate temperature measurements in adults and children with an impressive accuracy of +/-0.3°C (+/-0.6°F).

In June 2022, Exergen Corporation, a leader in infrared temperature measurement technologies for medical applications, announced that it has signed a marketing and distribution contract with ECOMED, a distributor of medical equipment and consumables, to market the professional series Temporal Artery Thermometers in Australia and New Zealand.

Global Infrared Thermometer Market: Key Trends

Increasing product launch  by the market players

Increasing organic growth strategies such as product launch by the market players is expected to drive the growth of the market over the forecast period. For instance, in March 2020, DeltaTrak Inc., a leading innovator of cold chain management and temperature monitoring solutions, announced the immediate availability of the new Model 15007 Non-Contact Forehead Infrared Thermometer that serves as a valuable solution in the fight against the Coronavirus.

Global Infrared Thermometer Market: Restraints

Limitations of Infrared Thermometer

The factors such as limitation of infrared thermometer, and disadvantages of infrared thermometer is expected to hinder growth of the market. For instance, in April 2020, according to the data provided by the U.S. Food and Drug Administration, there are some limitation of infrared thermometer as follow:

• How and where the infrared thermometer is used may affect the measurement (for example, head covers, environment, positioning on forehead)
• The close distance required to properly take a person’s temperature represents a risk of spreading disease between the person using the device and the person being evaluated.

The limitation can hamper the market growth but if the manufactures worked on limitation associated with infrared thermometers then it can helps to increased the efficiency of infrared thermometer and helps to maintain the quality of product

Global Infrared Thermometer Market- Key Players

Major players operating in the global infrared thermometer  market include Thermo Fisher Scientific Inc., Exergen Corporation, Ra Lifecare Pvt Ltd, OMRON Corporation, OMEGA Engineering inc., Morepen laboratories Limited, CP PLUS International, MGL Euman, Fluke Corporation, SG Corporate Mobility Pvt Ltd., BPL Medical Technologies, Lifeline Medical Inc., Contec Medical Systems, Paul Hartmann AG, Welch Allyn, Microlife Corporation, and Geratherm Medical AG.

*Definition: An infrared thermometer is a sensor that consists of a lens to focus the infrared (IR) energy on a detector, which converts the energy to an electrical signal that can be displayed in units of temperature after being compensated for ambient temperature variation.

Infrared thermometers have many applications for monitoring various temperature functions. For instance, the infrared thermometer is useful for recording the temperature of patients in hospitals without touching them. At the time of an epidemic or pandemic of diseases that cause fever among the population, such as the SARS coronavirus and Ebola virus disease, infrared thermometers are used to check arriving travelers for fever. The infrared thermometer is useful for measuring temperature under circumstances where thermocouples or other probe type sensors cannot be used or do not produce accurate data for a variety of reasons.