Global Infrared (Non-Contact) Thermometer Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)
The global infrared thermometer market is forecasted to reach US$16.4 million in 2024, growing at a CAGR of 7.48%, for the period spanning from 2020 to 2024. The factors such as growing food industry, rising personal healthcare expenditures, increasing chronic respiratory disease incidence, growth in geriatric population, improving consumer confidence and need for accurate, safe and standardized temperature readers are expected to drive the market. However, growth of the industry would be challenged by negative impact on children, stringent regulations and competitive pressure. A few notable trends include inclining med-tech research and development expenditures, emergence of novel infrared thermometers, improvement in infrared thermometer manufacturing process and improving consumer bargaining power in developing economies.
In 2020, the outbreak of COVID-19 pandemic has created a favorable impact on the market as the demand for infrared thermometers have increased significantly not limited to healthcare sector but also to other industries.
Typically, infrared thermometers are segmented into forehead infrared thermometers, in-ear infrared thermometers and multipurpose infrared thermometers.
The fastest growing regional market is North America due to rise in awareness about portable non-contact temperature monitoring devices and rapid surge in forehead infrared demand in healthcare & private clinics in the U.S. and Canada.
Scope of the report:
The report provides a comprehensive analysis of the global infrared thermometer market.
The major regions i.e. North America, Europe and Asia-Pacific have been analysed.
The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
The competitive landscape of the market, along with the company profiles of leading players i.e. Fortive Corporation (Fluke Corporation), Cardinal Health, Inc., Omron Corporation, Geratherm Medical AG, Spectris Plc (OMEGA Engineering) and Hill-Rom Holdings, Inc. are also presented in detail.
Key Target Audience:
Infrared Thermometer Manufacturers
Raw Material Suppliers
End Users
Consulting Firms
Investment Banks
Government Bodies & Regulating Authorities
- 1. Market Overview
- 1.1 Thermometer
- Table 1: Types of Thermometers
- 1.2 Infrared Thermometer
- 2. Impact of COVID-19
- 2.1 Introduction
- 2.2 Decline in Global GDP Growth
- Table 2: Global GDP Growth Rate (2005-2020)
- 2.3 Change in Organic Traffic
- Table 3: Organic Traffic Growth or Decline due to COVID-19 (2020)
- 2.4 Disruption of Supply Chain
- Table 4: Manufacturing PMI of Selected Countries (March 2020)
- 2.5 Growth in Spending on Healthcare
- Table 5: The U.S. Government Share of Healthcare Spending (2020-2027)
- 2.6 Government Initiatives
- 3. Global Thermometer Market Analysis
- 3.1 Global Thermometer Market Value
- Table 6: Global Thermometer Market Value (2015-2019)
- 3.2 Global Thermometer Market Value Forecast
- Table 7: Global Thermometer Market Value Forecast (2020-2024)
- 3.3 Global Thermometer Market Value by Segments
- Table 8: Global Thermometer Market Value by Segments (2019)
- 3.3.1 Global Digital Thermometer Market Value
- Table 9: Global Digital Thermometer Market Value (2015-2019)
- 3.3.2 Global Digital Thermometer Market Value Forecast
- Table 10: Global Digital Thermometer Market Value Forecast (2020-2024)
- 3.3.3 Global Mercury-Filled Thermometer Market Value
- Table 11: Global Mercury-Filled Thermometer Market Value (2015-2019)
- 3.3.4 Global Mercury-Filled Thermometer Market Value Forecast
- Table 12: Global Mercury-Filled Thermometer Market Value Forecast (2020-2024)
- 3.4 Global Thermometer Market Value by Applications
- Table 13: Global Thermometer Market Value by Applications (2019)
- 3.5 Global Thermometer Market Value by Region
- Table 14: Global Thermometer Market Value by Region (2019)
- 4. Global Infrared Thermometer Market Analysis
- 4.1 Global Infrared Thermometer Market Value
- Table 15: Global Infrared Thermometer Market Value (2015-2019)
- 4.2 Global Infrared Thermometer Market Value Forecast
- Table 16: Global Infrared Thermometer Market Value Forecast (2020-2024)
- 4.3 Global Infrared Thermometer Market Value by Segments
- Table 17: Global Infrared Thermometer Market Value by Segments (2019)
- 4.3.1 Global Forehead Infrared Thermometer Market Value
- Table 18: Global Forehead Infrared Thermometer Market Value (2015-2019)
- 4.3.2 Global Forehead Infrared Thermometer Market Value Forecast
- Table 19: Global Forehead Infrared Thermometer Market Value Forecast (2020-2024)
- 4.4 Global Infrared Thermometer Market Value by Applications
- Table 20: Global Infrared Thermometer Market Value by Applications (2019)
- 4.4.1 Global Medical Infrared Thermometer Market Value
- Table 21: Global Medical Infrared Thermometer Market Value (2015-2019)
- 4.4.2 Global Medical Infrared Thermometer Market Value Forecast
- Table 22: Global Medical Infrared Thermometer Market Value Forecast (2020-2024)
- 4.4.3 Global Veterinary Infrared Thermometer Market Value
- Table 23: Global Veterinary Infrared Thermometer Market Value (2015-2019)
- 4.4.4 Global Veterinary Infrared Thermometer Market Value Forecast
- Table 24: Global Veterinary Infrared Thermometer Market Value Forecast (2020-2024)
- 4.5 Global Infrared Thermometer Market Value by Region
- Table 25: Global Infrared Thermometer Market Value by Region (2019)
- 5. Regional Infrared Thermometer Market Analysis
- 5.1 North America
- 5.1.1 North America Infrared Thermometer Market Value
- Table 26: North America Infrared Thermometer Market Value (2015-2019)
- 5.1.2 North America Infrared Thermometer Market Value Forecast
- Table 27: North America Infrared Thermometer Market Value Forecast (2020-2024)
- 5.2 Europe
- 5.2.1 Europe Infrared Thermometer Market Value
- Table 28: Europe Infrared Thermometer Market Value (2015-2019)
- 5.2.2 Europe Infrared Thermometer Market Value Forecast
- Table 29: Europe Infrared Thermometer Market Value Forecast (2020-2024)
- 5.3 Asia-Pacific
- 5.3.1 Asia-Pacific Infrared Thermometer Market Value
- Table 30: Asia-Pacific Infrared Thermometer Market Value (2015-2019)
- 5.3.2 Asia-Pacific Infrared Thermometer Market Value Forecast
- Table 31: Asia-Pacific Infrared Thermometer Market Value Forecast (2020-2024)
- 6. Market Dynamics
- 6.1 Growth Drivers
- 6.1.1 Growing Food Industry
- Table 32: Global Food Industry (2015-2019)
- 6.1.2 Rising Personal HealthCare Expenditures
- Table 33: Global Healthcare Expenditure per Capita (2015-2019)
- 6.1.3 Increasing Chronic Respiratory Disease Incidence
- Table 34: Global Chronic Respiratory Disease Growth (2019)
- 6.1.4 Growth in Geriatric Population
- Table 35: Global Geriatric Population (2015-2019)
- 6.1.5 Improving Consumer Confidence
- Table 36: The U.S. and Europe Consumer Confidence Index (2015-2019)
- 6.1.6 Need for Accurate, Safe and Standardized Temperature Readers
- 6.2 Key Trends and Developments
- 6.2.1 Inclining Med-Tech Research and Development Expenditures
- Table 37: Global Med-Tech Research and Development Expenditures (2015-2019)
- 6.2.2 Emergence of Novel Infrared Thermometers
- Table 38: New Infrared Thermometers Launched (2020)
- 6.2.3 Improvement in Infrared Thermometer Manufacturing Process
- 6.2.4 Improving Consumer Bargaining Power in Developing Economies
- 6.3 Challenges
- 6.3.1 Negative Impact on Children
- 6.3.2 Stringent Regulations
- 6.3.3 Competitive Pressure
- 7. Competitive Landscape
- 7.1 Global Infrared Thermometer Market
- 7.1.1 Key Players – Revenue Comparison
- Table 39: Key Players – Revenue Comparison (2019)
- 7.1.2 Key Players – Market Cap Comparison
- Table 40: Key Players – Market Cap Comparison
- 7.1.3 Key Players – Research and Development Expenditures Comparison
- Table 41: Key Players – Research and Development Expenditures Comparison (2018/2019)
- 8. Company Profiles
- 8.1 Fortive Corporation (Fluke Corporation)
- 8.1.1 Business Overview
- 8.1.2 Financial Overview
- Table 42: Fortive Corp. (Fluke Corp.) Sales and Net Earnings (2015-2019)
- Table 43: Fortive Corp. (Fluke Corp.) Sales by Segment (2019)
- Table 44: Fortive Corp. (Fluke Corp.) Sales by Region (2019)
- 8.1.3 Business Strategies
- 8.2 Cardinal Health, Inc.
- 8.2.1 Business Overview
- 8.2.2 Financial Overview
- Table 45: Cardinal Health Revenues and Net Earnings (2015-2019)
- Table 46: Cardinal Health Revenues by Segment (2019)
- 8.3 Omron Corporation
- 8.3.1 Business Overview
- 8.3.2 Financial Overview
- Table 47: Omron Corp. Net Sales and Net Income (2016-2020)
- Table 48: Omron Corp. Net Sales by Segments (2020)
- 8.3.3 Business Strategies
- 8.4 Geratherm Medical AG
- 8.4.1 Business Overview
- 8.4.2 Financial Overview
- Table 49: Geratherm Turnover and Net Earnings (2015-2019)
- Table 50: Geratherm Turnover by Segment (2019)
- Table 51: Geratherm Turnover by Region (2019)
- 8.5 Spectris Plc (OMEGA Engineering)
- 8.5.1 Business Overview
- 8.5.2 Financial Overview
- Table 52: Spectris (OMEGA Engineering) Revenues and Profit (2015-2019)
- Table 53: Spectris (OMEGA Engineering) Revenues by Segment (2019)
- 8.5.3 Business Strategies
- 8.6 Hill-Rom Holdings, Inc.
- 8.6.1 Business Overview
- 8.6.2 Financial Overview
- Table 54: Hill-Rom Holdings Net Revenues and Net Income (2015-2019)
- Table 55: Hill-Rom Holdings Net Revenues by Segment (2019)
- 8.6.3 Business Strategies
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