PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1398767
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1398767
The global Infrared Thermometer Market is experiencing significant growth, with revenues reaching US$ 765 million in 2024. According to the latest study by Fairfield Market Research, this market is on a rapid ascent, with a projected valuation of US$ 1,400 million by the end of 2031.
In the wake of the COVID-19 pandemic, the detection of elevated temperatures emerged as a critical symptom. Infrared sensors integrated into thermometers played a pivotal role in accurately measuring thermal radiation emitted from the ears and forehead, contributing significantly to the market's growth. The advantages of cost-effectiveness, portability, and non-contact rapid temperature screening have made infrared thermometers indispensable, not only in the medical field but also in commercial and industrial settings.
Furthermore, the expanded use of infrared thermometers in various industries for measuring surface temperatures is propelling market growth. Accurate surface temperature measurement protects internal components from excessive heat and ensures desired outcomes. For instance, Testo offers the Testo 104-IR Infrared & Probe Thermometer as part of its food safety thermometer line, used for monitoring food temperatures during distribution.
While infrared thermometers offer substantial advantages, initial-generation models faced accuracy challenges during deployment, particularly in varying settings and conditions. However, multiple manufacturers are diligently addressing these issues and are expected to introduce more accurate second-generation infrared thermometers.
Another challenge is crowd screening, where it becomes impractical to obtain temperatures from each individual in large gatherings. This limitation restricts the use of infrared thermometers to locations with smaller groups. Other thermal devices with enhanced crowd monitoring capabilities may pose competition in institutions requiring broader deployment.
Japan, with one of the world's fastest-growing aging populations, represents a significant market for infrared thermometers. High adoption across diverse industry verticals and technological advancements are expected to boost demand in the region. Factors such as a competitive market, affordable product availability, extensive product options, the presence of local manufacturers, and healthcare investments contribute to market expansion.
The United States, characterized by advanced infrastructure, substantial R&D activities, and a rising incidence of infectious diseases, presents a lucrative market for infrared thermometers. The significant prevalence of conditions like influenza and COVID-19, coupled with increased healthcare spending and growing interest in homecare solutions, drives market growth.
In Germany, a growing awareness among healthcare professionals regarding the utility of infrared thermometers is spurring demand and market growth. Investments in the healthcare sector and ongoing innovations are facilitating the entry of infrared thermometer-based devices into the market. These devices offer capabilities that are instrumental in sustaining market growth.
The global infrared thermometer market features a highly fragmented landscape with numerous competitors manufacturing these devices. Key players such as Welch Allyn - A Hill-Rom Inc. Company and Geratherm Medical AG are expanding into untapped markets and acquiring smaller companies to promote their products. Other companies are following suit, engaging in mergers and acquisitions, partnerships, collaborations, and new product launches to meet consumer demand and expand their customer base.