Global Infrared Thermometer Market Overview
The infrared thermometer market size was valued at USD 0.9 billion in 2022 and is projected to grow from USD 0.98 Billion in 2023 to USD 2.02 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.4% during the forecast period (2023 - 2032). An increase in the prevalence of infectious diseases and other medical problems, including malaria and dengue, and growing public awareness of patient temperature monitoring are key market drivers driving the market.
Infrared Thermometer Market Trends
- An increasing number of COVID-19 cases propels the market growth
COVID-19 is believed to spread mainly through close contact from person to person, among people who are physically near each other (within 6 feet). Individuals who are infected but do not show signs can also spread the virus to others. Cases of reinfection with COVID-19 have also been noted, though such cases are infrequent. Infrared thermometers can measure thermal radiation (infrared) emitted from the ear and forehead to infer body temperature. For in-ear thermometers, a new ear-probe jacket should be used for each person, and the ear canal must be pulled straight when measuring. Forehead thermometers are used for screening instead of diagnostic purposes. Thus, in most public places, there has been a significant rise in the use of infrared thermometers in residential and commercial end uses. It is expected that with the rise in the number of COVID-19 cases, there will be a significant increase in the use of infrared thermometers in residential and public areas, such as airports, stadiums, malls, and banking financial institutions. Thus, this factor drives the market CAGR of infrared thermometer over the forecast period.
Figure 1: Infrared Thermometer Consumption around the globe
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
However, the rising adoption of infrared thermometers in food and healthcare industries, technological advancements in infrared thermometers, and increasing government support are some of the major factors driving the market growth of infrared thermometer. Infrared thermometers have become highly sought-after temperature measuring devices across various industries due to their benefits, including easy operation, simple handling, accurate results, and hygienic and contactless nature. They are increasingly used to monitor the temperature of equipment, patients, and moving objects, detect clouds for remote telescope operation, and check for hotspots in firefighting. The expansion of the healthcare industry, coupled with the frequent outbreak of infectious diseases, has completely changed the tide in favor of non-contact infrared thermometers that have the potential to measure temperatures from a distance without making contact with objects. Thus, it is anticipated that this aspect will accelerate the infrared thermometer market revenue.
Infrared Thermometer Market Segment Insights
Infrared Thermometer Product Insights
The market segmentation of infrared thermometer, based on product, includes contact thermometers and non-contact thermometers. The non-contact thermometers segment held the majority share in 2022 in the infrared thermometer market data. This is due to a rise in the number of infectious diseases across the globe. For instance, according to the WHO, the incidence of dengue has increased around the world by 8-fold in the last two decades. However, contact thermometers are the fastest-growing category due to growing infant demand.
Infrared Thermometer Measurement Point Insights
The infrared thermometer market segmentation, based on measurement point, includes ear, forehead, and multifunction. The forehead segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030 due to rapid technological advancements. Advancements include a temporal thermometer TAT-2000C by Exergen Corporation, which can be utilized to measure body temperature by rumbling it on a child's forehead. However, multifunction is the fastest-growing category as it provides prompt and accurate readings.
Figure 2: Infrared Thermometer Market, by Form, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Infrared Thermometer Distribution Channel Insights
The market data of infrared thermometer, based on distribution channels, includes hospital pharmacy, retail pharmacy, and online stores. The online stores segment dominated the market revenue of infrared thermometer in 2022 and is projected to be the faster-growing category during the forecast period 2022-2030. Many businesses have moved online in response to COVID-19 to spread their contagion. However, hospital pharmacy is the fastest-growing category as it provides a huge quantity of infrared thermometers in less time.
Infrared Thermometer Distribution Channel Insights
The market data of infrared thermometer, based on distribution channels, includes hospital pharmacy, retail pharmacy, and online stores. The online stores segment dominated the market revenue of infrared thermometer in 2022 and is projected to be the faster-growing category during the forecast period 2022-2030. Many businesses have moved online in response to COVID-19 to spread their contagion. However, hospital pharmacy is the fastest-growing category as it provides a huge quantity of infrared thermometers in less time.
Infrared Thermometer Application Insights
The market data, based on application, includes medical, and veterinary. The medical segment dominated the market revenue of infrared thermometer in 2022 and is projected to be the faster-growing segment over the forecast period 2022-2030. This is attributed to a rise in population coupled with an expansion in the number of several ailments causing fever. However, veterinary is the fastest-growing category due to the growing number of infectious diseases among animals.
Infrared Thermometer Regional Insights
By region, the study provides market insights into North America, Asia-Pacific, Europe, and the Rest of the World. The North America is expected to exhibit a significant CAGR growth during the study period. The growing geriatric population and higher healthcare expenditure contribute to its largest market share. Healthcare camps and initiatives undertaken by government organizations, such as WHO and NIH, to spread awareness about infectious diseases and help maintain better health status are anticipated to boost the market further. Moreover, US market of infrared thermometer held the largest market share, and the Canada market of infrared thermometer was the fastest-growing market in the region.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: INFRARED THERMOMETER MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe infrared thermometer market accounts for the second-largest market share. This can be attributed to the changing lifestyle leading to an increase in the incidence of acute diseases, further increasing the incidence of fever in this region. Moreover, the UK market of infrared thermometer held the largest market share, and the Germany market of infrared thermometer was the fastest-growing market in the region.
Asia Pacific infrared thermometer market is expected to expand at the fastest CAGR from 2022 to 2030. This is attributed to high unmet medical needs, increasing prevalence of target diseases, including malaria, dengue, and swine flu, and growing patient awareness about the same in the region are some key factors contributing to its lucrative growth. Further, the China market of infrared thermometer held the largest market share, and the India market of infrared thermometer was the fastest-growing market in the region.
Infrared Thermometer Key Market Players & Competitive Insights
Major market players are spending a huge amount of money on R&D to expand their product lines, which will help the market of infrared thermometer to grow even more. Market participants are also taking a range of strategic initiatives to expand their worldwide footprint, with major market developments such as new product launches, increased investments, mergers and acquisitions, contractual agreements, and collaboration with other organizations. Competitors in the infrared thermometer industry must provide cost-effective items to enhance and survive in an increasingly competitive and growing market environment.
One of the major business strategies manufacturers adopts in the infrared thermometer industry to enhance clients and enhance the market sector is manufacturing locally to decrease operating costs. The infrared thermometer market major player such as Braun GmbH, Thermomedics Inc., Microlife Corporation, and PAUL HARTMANN AG.
Exergen Corporation manufactures laboratory instruments and instrumentation systems. The Company offers industrial and medical non-invasive temperature measurement devices. Exergen serves customers worldwide. In June 2022, Exergen Corporation introduced the TAT-2000 for professionals and the TAT-2000C for consumers at the medical expo in Mumbai, India, where The TAT 2000 is Exergen's newest Temporal Artery Thermometer. TAT targets medical professionals in schools, nursing homes, hospitals, and healthcare facilities.
The corporate headquarters of the multinational food and beverage processing conglomerate Nestlé S.A. are in Vevey, Vaud, Switzerland. Since 2014, based on revenue and other indicators, it has been the world's largest publicly traded food company. In 2022, Nestle S.A. stated that the company is investigating cutting-edge technology for creating dairy protein-based products without using animals.
Key Companies in the market of Infrared Thermometer include
- Braun GmbH
- Thermomedics Inc.
- Microlife Corporation
- PAUL HARTMANN AG
- BPL Medical Technologies
- Cardinal Health ( Medtronic)
- Exergen
- Mediaid Inc.
- Greatfarm
- iSnow Med
Infrared Thermometer Industry Developments
March 2022: Foundation Investment Partners (FIP) announced it had finalized an agreement with Weiss Instruments LLC to purchase the 140-year-old company where Weiss Instruments, manufacturer of temperature and pressure instruments for HVACR and OEM customers. With collaboration, FIP will combine the manufacturing facility with the recently purchased Miljoco Instrument Corporation at their 50,000-square-foot facility and serve customers with a continuation of their quality and service reputation.
November 2020: FLIR launched FLIR SV87-KIT, which offers a low-cost and easy-to-configure remote vibration and temperature sensing solution that can be used for industrial applications.
June 2020: Hill-Rom signed a partnership with Aiva, a provider of voice-enabling systems in areas including clinical communications and patient engagement. The acquisition allowed the firm to offer hands-free communication for both patients and staff using an in-room voice assistant and Hill-Rom's Voalte Mobile solution.
Infrared Thermometer Market Segmentation
Infrared Thermometer Product Outlook (USD Billion, 2018-2030)
- Contact Thermometers
- Non-contact Thermometers
Infrared Thermometer Measurement Point Outlook (USD Billion, 2018-2030)
- Ear
- Forehead
- Multifunction
Infrared Thermometer Application Outlook (USD Billion, 2018-2030)
Infrared Thermometer Distribution Channel Outlook (USD Billion, 2018-2030)
- Hospital Pharmacy
- Retail Pharmacy
- Online Stores
Infrared Thermometer Regional Outlook (USD Billion, 2018-2030)
-
North America
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 0.9 billion |
| Market Size 2023 |
USD 0.98 billion |
| Market Size 2032 |
USD 2.02 billion |
| Compound Annual Growth Rate (CAGR) |
9.4% (2023-2032) |
| Base Year |
2022 |
| Market Forecast Period |
2023-2032 |
| Historical Data |
2018 - 2021 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Product, Application, Distribution Channel, Measurement Point and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered |
The U.S, Germany, Canada, France, UK, Italy, Spain, China, Japan, India, South Korea, Australia, and Brazil |
| Key Companies Profiled |
Braun GmbH, Thermomedics Inc., Microlife Corporation, PAUL HARTMANN AG, BPL Medical Technologies, Contec Medical Systems Co., Ltd, Cardinal Health ( Medtronic), Exergen, Mediaid Inc., Greatfarm, iSnow Med |
| Key Market Opportunities |
Rise in the prevalence of infectious diseases |
| Key Market Dynamics |
High demand for infrared thermometers Increasing in the predominance of contagious ailments. |
Frequently Asked Questions (FAQ) :
The market size was valued at USD 0.9 Billion in 2022.
North America had the largest share of the market.
The key players in the market are Braun GmbH, Thermomedics Inc., Microlife Corporation, PAUL HARTMANN AG, BPL Medical Technologies, and Contec Medical Systems Co.
The non-contact thermometers category dominated the market in 2022.
The online stores had the largest share of the market.
The medical had the largest share in the market.
The forehead had the largest share in the market.
