Dublin, May 26, 2020 (GLOBE NEWSWIRE) -- The "Non-Contact Infrared Thermometer Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The infrared thermometer market is expected to grow at a CAGR of over 15% during the period 2019-2025.
The global infrared thermometer market is going to witness growth due to the worldwide outbreak of the COVID-19 pandemic. This pandemic has resulted in a spike in demand for several medical devices, which include nebulizers, blood pressure monitoring devices, medical ventilators along with the non-contact thermometer. In an attempt to contain the highly contagious virus, temperature monitoring has become an essential component across public places, including shopping malls, airports, offices, schools, thereby increasing the demand for non-contact thermometers.
The following factors are likely to contribute to the growth of the infrared thermometer market during the forecast period:
- Growth in Medical Tourism
- Development of Innovative Products
- Demand for Multifunction Non-contact Thermometers
- Prevalence of Healthcare Acquired Infections
The study considers the present scenario of the infrared thermometer market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
This research report includes a detailed segmentation by product type, application, and geography. The infrared forehead non-contact thermometers market accounted for the largest share of 61% in 2019. Contactless thermometers are easy to use and provide faster results that are highly recommended to measure temperatures in babies and infants. This is increasing the share of the contactless thermometer market. They are considered as reliable, comfortable, and accurate option to measure body temperatures, especially for pediatrics.
Vendors are implementing new technology such as intelligent light indicators to indicate fever levels. They are likely to introduce smart technologies that allow the thermometer to be connected to an external mobile application via Bluetooth.
In-ear thermometers are more popular than forehead ones for measuring temperatures among pets. Due to the presence of fur and different sweat apparatus, forehead temperature scans are not proven to be helpful in veterinary medicine. However, in-ear and rectal temperatures have shown conflicting results. Thus, reliability remains a key challenge for the market.
North America is expected to witness continued improvement, contributing to the highest incremental growth of $73.59 million by 2025. The evolving consumer confidence and technology is likely to increase the demand for non-contact thermometers in veterinary medicine.
The global infrared thermometer market size is undergoing major transformations. The demand is flourishing due to innovations and technological advancements. Therefore, global players are focusing on business expansion plans to increase the geographic reach of their products.
Global outreach efforts are particularly strong in many emerging economies of the APAC and MEA regions. Several infrared thermometer manufacturers in the US and Europe are beginning to design and manufacture their products locally. For instance, key players such as Medtronic, Braun, and Cardinal Health generate significant revenue from global sales. Hence, several large global players are willing to enter emerging markets to increase their sales volume and profit margins.
Prominent Vendors
- Omron Healthcare
- Paul Hartmann
- Hill-Rom Holdings
- Geratherm
Other Prominent Vendors
- Microlife
- Thermomedics Inc.
- BPL Medical Technologies
- Exergen Corporation
- Contec Medical Systems
- Cardinal Health
- Braun
- American Diagnostic Corporation
- A&D Medical Manufacturers
- Briggs Healthcare
- Equinox
- AccuMed
- Technimed
- Eco4US
- Reliefcare
- TempIR
- Metene
- Occobaby
- Preve Precision
- Koogeek
- Puruizt
- Guangzhou Berrcom Medical Device Co. Ltd.
Key Questions Answered:
- What is the market size of the global non contact infrared thermometer market?
- How is COVID-19 impacting the demand for infrared thermometer?
- What are the factors impacting the infrared thermometer market growth?
- What are the drivers, industry trends, and restraints affecting industry growth?
- Who are the major infrared thermometer market players, and what are their market share?
- What are the key strategies adopted by the key market players?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusion
4.2 Base Year
4.3 Scope Of The Study
4.4 Market Segments
4.4.1 Market Segmentation by Product Type
4.4.2 Market Segmentation by Application
4.4.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Impact Of Covid-19
8.1 Impact Of Covid-19 On Infrared Non-Contact Thermometer Market
9 Market Opportunities & Trends
9.1 Growth In Medical Tourism
9.2 New Product Development
9.3 Growing Demand For Multifunction Non-Contact Thermometer
10 Market Growth Enablers
10.1 Growing Prevalence Of Healthcare Acquired Infections
10.2 Ban Of Traditional Mercury In Glass Thermometers
10.3 Rising Expenditure On Preventive Healthcare
11 Market Restraints
11.1 Availability of Innovative Temperature Monitoring Devices
11.2 Stringent Regulatory Requirements
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Product Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Forehead
13.3.1 Market Size & Forecast
13.3.2 Market by Geography
13.4 In-Ear
13.4.1 Market Size & Forecast
13.4.2 Market by Geography
13.5 Multipurpose
13.5.1 Market Size & Forecast
13.5.2 Market by Geography
14 Application
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
15 Veterinary
15.1 Market Size & Forecast
15.2 Market By Geography
16 Medical
16.1 Market Size & Forecast
16.2 Market By Geography
16.3 Adult
16.3.1 Market Size & Forecast
16.3.2 Market by Geography
16.4 Children
16.4.1 Market Size & Forecast
16.4.2 Market by Geography
17 Geography
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview
18 North America
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Product Type
18.3.1 Market Size & Forecast
18.4 Application
18.4.1 Market Size & Forecast
18.5 Key Countries
18.5.1 US: Market Size & Forecast
18.5.2 Canada: Market Size & Forecast
19 Latin America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Product Type
19.3.1 Market Size & Forecast
19.4 Application
19.4.1 Market Size & Forecast
19.5 Key Countries
19.5.1 Brazil: Market Size & Forecast
19.5.2 Mexico: Market Size & Forecast
20 APAC
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Product Type
20.3.1 Market Size & Forecast
20.4 Application
20.4.1 Market Size & Forecast
20.5 Key Countries
20.5.1 China: Market Size & Forecast
20.5.2 Japan: Market Size & Forecast
20.5.3 India: Market Size & Forecast
21 Europe
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Product Type
21.3.1 Market Size & Forecast
21.4 Application
21.4.1 Market Size & Forecast
21.5 Key Countries
21.5.1 Germany: Market Size & Forecast
21.5.2 France: Market Size & Forecast
21.5.3 UK: Market Size & Forecast
21.5.4 Italy: Market Size & Forecast
21.5.5 Spain: Market Size & Forecast
22 Middle East & Africa
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Product Type
22.3.1 Market Size & Forecast
22.4 Application
22.4.1 Market Size & Forecast
22.5 Key Countries
22.5.1 Saudi Arabia: Market Size & Forecast
22.5.2 South Africa: Market Size & Forecast
23 Competitive Landscape
23.1 Competition Overview
24 Key Company Profiles
25 Other Prominent Vendors
26 Report Summary
26.1 Key Takeaways
26.2 Strategic Recommendations
27 Quantitative Summary
28 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/cjv74e
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