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Thermal Imaging Market in Healthcare & Life Sciences Applications is Expected to Grow At A Rapid Pace by 2024 | 3M, Allied Vision, Avon Protection Systems, Axis Communications, FLIR Systems, Fluke Corporation, L3 Technologies, Leonardo DRS, Raytheon, Test

Thermal Imaging Market

Thermal Imaging Market

Major Thermal Imaging Market drivers in Asia Pacific countries including India, Malaysia, and South include the rapid pace of technology adoption and penetration in the region. The declining price of thermal cameras and the presence of regional vendors offering low-cost solutions are expected to favorably impact the market growth in India and China.

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The cooled thermal imaging market accounted for over 50% of the revenue share in 2017, with the chief growth drivers being the surging demand for security, surveillance, and firefighting applications for better accuracy and image details. Indoor applications including emergency management and building security are poised to offer growth opportunities for cooled thermal imaging product suppliers. The segment is forecast to lose share in the coming years to uncooled technology due to the growing number of application industries for the latter.

Thermography helps in the detection of fever and related signs of infection. Thus, the technology has been used extensively by airports during an epidemic outbreak such as Severe Acute Respiratory Syndrome (SARS), swine flu, and Ebola to screen passengers with elevated body temperatures. Hyperspectral imaging and remote sensing are expected to serve as the key opportunity domains for thermal imaging market expansion.

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The demand across healthcare & life sciences applications in the thermal imaging market is expected to grow at a rapid pace due to the provision of advanced diagnostic and visualizations offered by such solutions. Thermography facilitates quantifiable, accurate, and non-invasive diagnostic detection by means of changes in surface temperatures. In the healthcare sector, thermography applications include muscle strain assessment, vascular evaluation, and bleeding point detection. In addition, the technology helps to identify the tissue damage site in case of injuries, aiding the sports medicine field.

The major manufacturers covered in this report: -

1. 3M
2. Allied Vision
3. American Technologies Network, Corp.
4. Avon Protection Systems
5. Axis Communications
6. Bae Systems Imaging Solutions
7. Cox Inc
8. Dali Technology
9. Draeger Safety INC
10. FLIR Systems
11. Fluke Corporation
12. General Starlight Company Inc
13. L3 Technologies
14. Leonardo DRS
15. Magnitude Electronics Ltd
16. Opgal
17. Palmer Wahl Instrumentation Group
18. Raytheon
19. Seek Thermal
20. Testo SE & Co. KGaA
21. Thermoteknix Systems Ltd
22. Tonbo Imaging
23. ULIS
24. Wuhan Guide Infrared Co., Ltd
25. Xenics

Handheld/portable cameras constitute the largest segment accounting for over 50% of the market revenue share in 2017. Growing security concerns coupled with technological advancements, reduction in size, and an average selling price are the major factors driving the demand for handheld imagers. The ability of such devices to track, locate, capture, and record criminal activity in adverse conditions is expected to favorably drive the handheld thermal imaging market demand.

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The integration of thermal camera cores into CCTV applications creates a bi-spectral camera solution that enables users to capture both visible image and thermal heat signatures for accurate surveillance and reduction in false alarms. The combination of thermography with other complementary sensing technologies, such as radar, laser, sonar, environmental, and chemical sensing, increases the functionality of the systems. Classification-based analytics and networking-enabled thermal cameras improve the response time for emergency situations while lowering the costs associated with the downtime and potential hazards contributes to the thermal imaging market.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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