Press release
Infrared Thermometer Market to Hit US$ 1.5 Billion by 2033, Reports Persistence Market Research
The infrared thermometer market has witnessed significant growth in recent years, driven by the rising need for contactless temperature measurement solutions across multiple industries. From healthcare to food safety, these thermometers have found widespread adoption due to their convenience, speed, and non-invasive nature. In 2022, the global infrared thermometer market was valued at approximately USD 731.5 million, with projections indicating substantial growth in the coming years. By 2033, the market is expected to reach a valuation of USD 1.5 billion, growing at a compound annual growth rate (CAGR) of 6.6%.The infrared thermometer market's growth can be attributed to a variety of factors, including technological advancements, increased applications in medical fields, and the global shift towards non-contact measurement devices in the wake of the COVID-19 pandemic. As the market continues to expand, leading segments and regions, particularly those that leverage medical and industrial applications, are positioned to drive the overall market forward. The demand for accurate, reliable, and quick temperature measurements has placed infrared thermometers at the forefront of modern healthcare and industrial practices.
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Key Highlights from the Report:
The infrared thermometer market was valued at USD 731.5 million in 2022.
The market is expected to reach USD 1.5 billion by 2033, growing at a CAGR of 6.6%.
Forehead measurement point infrared thermometers are projected to dominate the market.
The medical application segment holds the largest share of the market.
Hospital pharmacies are the primary distribution channel for infrared thermometers.
Asia Pacific is expected to witness significant market growth due to the increasing adoption of IR thermometers in healthcare.
Market Segmentation:
The infrared thermometer market can be segmented in various ways, including by product type, end-user application, and geographical region. One of the primary ways of categorizing infrared thermometers is by the measurement point type, with common categories including ear, forehead, and multifunctional thermometers. Among these, forehead thermometers hold the largest market share due to their high accuracy, ease of use, and non-invasive nature, making them particularly popular for medical and public health screenings.
In terms of application, the medical sector is the leading market driver, accounting for over 63% of the total market share in 2022. The widespread use of infrared thermometers in healthcare, particularly during the COVID-19 pandemic, has significantly contributed to this growth. Other notable sectors include veterinary care, industrial applications (such as in predictive maintenance), and food safety, each benefiting from the ability of infrared thermometers to measure temperatures quickly and without direct contact.
Regional Insights:
North America:
North America is the largest market for infrared thermometers, with the U.S. accounting for a significant share of the region's market. The U.S. market is projected to continue expanding due to factors such as the rising incidence of infectious diseases, including seasonal flu and COVID-19, and the growing adoption of advanced healthcare solutions. The availability of high-quality infrared thermometers through hospital pharmacies, alongside the increasing demand for non-contact temperature measurement devices, positions North America as a dominant market player.
Asia Pacific:
The Asia Pacific region, particularly countries like Japan and China, is anticipated to see rapid market growth over the forecast period. Japan, in particular, is experiencing an uptick in the demand for infrared thermometers due to its aging population and increasing healthcare investments. Moreover, technological advancements and the adoption of infrared thermometers across industries like food safety and manufacturing are expected to drive demand in the region.
Market Drivers:
Increased Medical Applications:
The primary driver behind the growth of the infrared thermometer market is its growing application in the medical field. These thermometers, especially forehead thermometers, are commonly used in hospitals, clinics, and public spaces for quick and non-contact temperature measurement. The global focus on controlling infectious diseases, such as COVID-19, has further boosted demand for infrared thermometers in healthcare settings. Hospitals and public health authorities rely on these devices to quickly identify individuals with elevated body temperatures, which is a key symptom of many infectious diseases.
Technological Advancements:
Advancements in infrared sensor technology have contributed significantly to the growth of the infrared thermometer market. Improved accuracy, faster response times, and enhanced ease of use have made these thermometers increasingly popular across various industries. Manufacturers are continuously developing new products with better performance metrics, further increasing their market appeal.
Rising Consumer Demand for Non-contact Devices:
The demand for non-contact temperature measurement devices has surged in recent years, fueled by growing consumer awareness and health concerns. The COVID-19 pandemic, in particular, led to a surge in demand for infrared thermometers in public spaces like airports, schools, and offices, where individuals need to be quickly screened without direct contact. This trend is expected to continue as businesses, educational institutions, and healthcare providers adopt more hygienic and efficient screening methods.
Market Restraints:
Accuracy Issues in Large Crowds:
One of the challenges faced by infrared thermometers, especially in crowded environments, is the issue of accuracy. Early models struggled to maintain consistent readings when deployed in settings with large numbers of people, leading to variability in results. While technological advancements have addressed some of these concerns, the limitations of infrared thermometers in large-scale screening still present a barrier to broader adoption, particularly in places like airports or crowded events.
Competition from Other Thermal Devices:
Infrared thermometers are not the only solution for non-contact temperature measurement. Other thermal imaging devices, which provide more detailed and comprehensive thermal data, are gaining popularity. These devices can capture the temperature of multiple individuals at once, making them more suitable for large-scale applications. As a result, infrared thermometers may face competition from these alternative technologies, which could limit their market share in specific use cases.
Market Opportunities:
Expanding Applications in Industrial Sectors:
Beyond healthcare, infrared thermometers are increasingly being used in industrial applications, particularly for predictive maintenance and quality control. In industries such as manufacturing, electronics, and food safety, infrared thermometers are used to measure the temperature of machines, equipment, and packaged goods. This trend is expected to continue as businesses invest in predictive maintenance technologies and adopt more efficient methods for monitoring equipment conditions.
Increasing Adoption in Developing Regions:
The infrared thermometer market also presents significant opportunities in developing regions, where healthcare infrastructure is rapidly improving. As countries in regions like Latin America, Africa, and Southeast Asia continue to invest in healthcare and industrial development, the demand for affordable and effective temperature measurement devices is likely to grow. Manufacturers that can offer cost-effective solutions will benefit from this growing market.
Reasons to Buy the Report:
✔ Comprehensive Market Overview: Understand the current market landscape and future growth prospects for the infrared thermometer market.
✔ In-depth Segmentation Analysis: Gain insights into key market segments such as product type, application, and distribution channels.
✔ Regional Market Insights: Learn about regional trends and forecasts that could impact your business strategy.
✔ Competitive Intelligence: Access information on leading players and their strategies in the market.
✔ Strategic Recommendations: Utilize the report's actionable insights for making informed business decisions.
Key Players:
Welch Allyn - A Hill-Rom Inc. Company
Exergen
Geratherm Medical AG
Thermomedics, Inc.
Microlife Corporation
PAUL HARTMANN AG
BPL Medical Technologies
Contec, Medical Systems Co. Ltd.
Cardinal Health (Medtronic)
OMRON Corporation
Recent Developments:
Testo 104-IR Infrared Thermometer: Testo launched this device for use in food safety applications, further expanding the adoption of infrared thermometers across industries.
Neptune Air Non-contact Infrared Thermometer: Neptune introduced its new infrared thermometer in response to rising demand for contactless temperature measurement solutions during the pandemic.
Conclusion
The infrared thermometer market is poised for continued growth, driven by technological innovations, increased adoption in healthcare, and expanding applications across industries. While challenges like accuracy in large crowds and competition from other thermal devices exist, the overall outlook remains positive. As new opportunities arise, businesses that focus on innovation and regional expansion will be well-positioned to capture a share of this growing market.
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About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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