May 24, 2024
Infrared Thermometers

Infrared Thermometer Market Propelled by elevated demand amidst the COVID-19 pandemic

Infrared Thermometers are medical devices that allow non-contact temperature measurement and are broadly used for screening purposes during the ongoing COVID-19 pandemic. Infrared thermometers facilitate touchless temperature checks and help reduce the spread of infections.

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:
The elevated demand from the healthcare sector amidst the COVID-19 pandemic has been a key factor propelling the growth of the infrared thermometer market. Infrared thermometers help facilitate touchless temperature screening at public places such as airports, offices, and public transport, thereby reducing the risk of spreading coronavirus infections. Their non-contact mechanism makes them ideal for mass screening purposes. The pandemic has led to a massive surge in demand for infrared thermometers from the healthcare as well as commercial sectors to curb the spread of the virus through effective temperature monitoring.

SWOT Analysis

Strength: Infrared thermometers have high accuracy and enable contactless temperature measurement which reduces the risk of disease transmission. They provide instant temperature readings.
Weakness: Infrared thermometers have a narrow field of view requiring the head or forehead to be in direct line of sight which can be difficult for children or elderly. Battery life is limited.
Opportunity: Rising awareness about preventing spread of infectious diseases through screening is driving demand for infrared thermometers globally especially in hospitals, clinics and public places. Rapid spread of COVID-19 has further increased sales.
Threats: Accuracy can be affected if skin surface is wet, dirty or covered. Competition from traditional mercury-in-glass and digital thermometers which are cheaper.

Key Takeaways

Global Infrared Thermometer Market Size is expected to witness high growth.

Regional analysis: The Asia Pacific region dominates the global infrared thermometer market and is expected to witness the fastest growth during the forecast period. This can be attributed to rising healthcare expenditure, growing awareness about infectious diseases, and increasing sales of medical devices in densely populated countries such as India and China.

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. Becton, Dickinson and Company holds the largest market share due to its diverse product offerings and strong brand positioning. Geographical expansion strategies by regional players are expected to intensify competition during the forecast period.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it