Infrared Thermometer Market: Current Analysis and Forecast (2021-2027)

The infrared thermometer market is expected to witness a CAGR of around 10% during the forecast period (2021-2027). An infrared thermometer is a sensor device that measures the temperature of any object. thermometers are used for screening instead of diagnostic purposes. It is expected that with the increased number of COVID-19 cases, there will be a significant rise in the use of infrared thermometers in public areas, such as airports, stadiums, malls, and banking and financial institutions. Moreover, the rising prevalence of infectious diseases, industries, and food manufacturing units are also the major factors for the growth of this market. Because of the imposed lockdown restrictions, a shortage of labor hampered the infrared thermometer market's production. For instance, according to the Office of National Statistics, U.K., there were a total of 123,395 restaurants, cafes, and bakeries in the U.K. alone.

Some of the major companies operating in the infrared thermometer market include Fluke Corporation, FLIR Systems, Testo SE & Co. KGaA, Omron Corporation, Microlife Corporation, Hill-Rom Holdings Inc., OMEGA Engineering, PCE Instruments, Chino Corporation Pvt Ltd., Land Instruments International

Insights Presented in the Report

"Amongst Product, the portable infrared thermometers category accounted for the majority share in the market in 2020"

Based on product, the infrared thermometer market is segmented into fixed infrared thermometers and portable infrared thermometers. The portable infrared thermometers category is anticipated to witness a significant growth rate during the forecast period. Contactless IR thermometers, measure temperature without contacting an individual's body and reduce the risk of cross-contamination substantially. infrared thermometers can do this from a distance with similar accuracy, and this is what makes them preferable to any other digital thermometer. Furthermore, during the COVID-19 pandemic, the demand of thermometers increased rapidly that's why companies launching new, portable, easy-to-use, and advanced products in the market. These factors are contributing to the growth of this market. For instance, In June 2020, Cole-Parmer, a leading name in the healthcare industry, announced the launch of its new non-contact thermometer, which has an FDA clearance. The thermometer can log 32 internal readings and is capable of taking temperatures of various surfaces of objects

"Amongst Application, the medical category is expected to witness the highest CAGR during the forecast period"

Based on application, the infrared thermometer market is segmented into non-medical and medical. The medical category is anticipated to witness a significant growth rate during the forecast period. Due to its lower cost, higher accuracy, and rising adoption of infrared thermometers for temperature screening due to COVID-19. Additionally, increasing the predominance of contagious ailments. Infrared thermometers reduce cross-contamination risk and minimize the risk of spreading infectious diseases such as typhoid, and acute fever from one person to another, which are the major factors for the growth of this segment during the forecast period. For instance, according to the World Health Organization (WHO), each year, typhoid fever is estimated to affect 21 million people worldwide.

"North America to witness significant growth during the forecast period"

For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share during the forecast period. This is mainly due to the growth of the healthcare, hospitality, manufacturing, automobile industries, and airports across the U.S. are already testing and adopting IR cameras and handheld IR thermometers are some key factors for the growth of this market during the forecast period. Moreover, the presence of major pharmaceutical companies and government initiatives such as mercury pollution prevention programs. For instance, the United States Environmental Protection Agency (USEPA) has been spreading awareness about the harmful effects of mercury. Currently, infrared thermometers are being widely used for screening body temperature in public places, given their non-contact benefit.

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