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Infrared Thermometers Market 2024 - By Share, Size, Growth Analysis And Forecast To 2033
Infrared Thermometers Market
According to The Business Research Company's, The infrared thermometers market size has grown strongly in recent years. It will grow from $2.06 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to emergency preparedness measures, remote sensing applications, cost-effectiveness, travel and transportation, consumer acceptance..
The infrared thermometers market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to health and safety regulations, healthcare sector expansion, global health preparedness, increasing home use, demand in industrial and commercial sectors.. Major trends in the forecast period include global health challenges, consumer preference for contactless technology, remote sensing applications, efficiency and cost-effectiveness, travel and public spaces..
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Market Drivers and Trends:
Rising infectious diseases worldwide are expected to boost the growth of the infrared thermometer market going forward. Infectious diseases are illnesses caused by pathogens that enter the human body. Infrared thermometers are used as temperature measurement devices that allow for mass screening during infectious disease pandemics such as the current COVID-19 infections, severe acute respiratory syndrome, Ebola virus outbreak, and influenza A. For instance, according to the Office for National Statistics, a UK-based recognized national statistics institute, in England at the end of the week ending December 9, 2022, the infection rate climbed for people aged 35 to 69 years and increased for those in school years of 12 to 24 years. In the week ending December 18, 2022, the total hospital admission rate for patients with confirmed COVID-19 in England increased to 9.56 per 100,000 individuals. The admission rate to intensive care units (ICUs) and high dependency units (HDUs) climbed to 0.29 per 100,000 inhabitants. Therefore, rising infectious diseases worldwide are driving the growth of the infrared thermometer market.
Technical advancements have emerged as the key trend gaining popularity in the infrared thermometers market. Major companies operating in the infrared thermometers market are developing innovative technologies to strengthen their position in the market. For instance, in July 2021, iGear, an India-based gadgets and smartphone accessories company launched Thermo Check, a new fully automatic device is a contactless unmanned infrared thermometer that can be mounted on a wall or a tripod at the entrance of housing societies, offices, malls, schools, and many such areas. The iGear Thermo Check presents a fully automated, contactless infrared thermometer designed for easy installation on walls or tripods, positioned at entrances of premises experiencing high foot traffic. Traditional manual scanning with handheld IR thermometers not only causes delays but also poses a risk of exposure to security personnel. Thermo Check eliminates these challenges, allowing visitors to self-scan before entering.
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Major Key Players of the Market:
OMRON Corporation; Braun GmbH; OMEGA Engineering Inc.; HORIBA Ltd.; PCE Deutschland GmbH; Weiss Instruments LLC; Thermomedics Inc.; Microlife Corporation; Contec Medical Systems Co. Ltd.; Fluke Corporation; Optris GmbH; Exergen Corporation; Geratherm Medical AG; PAUL HARTMANN AG; BPL Medical Technologies; Cardinal Health Inc. (formerly Medtronic); American Diagnostic Corporation; Electronic Temperature Instruments Ltd.; General Tools & Instruments LLC; Hioki E.E. Corporation; Etekcity Corporation; Extech Instruments Corporation; Flir Systems Inc.; Helect Inc.; HoldPeak Electric Co. Ltd.; iHealth Labs Inc.; Infrared Cameras Inc.; Kizen LLC; Klein Tools Inc.; Lasergrip Technologies LLC
Infrared Thermometers Market 2024 Key Insights:
• The infrared thermometers market will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Global Surge In Infectious Diseases Fuels Growth In The Infrared Thermometer Market
• Igear'S Thermo Check Redefines Contactless Infrared Thermometry In Market Trend
• North America was the largest region in the infrared thermometers market in 2023
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