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Infrared Thermometer Market size was valued at USD 309.42 Mn in 2021 and the total Infrared Thermometer Market revenue is expected to grow at 12.02% from 2022 to 2029, reaching nearly USD 767.21 Mn.
Infrared Thermometer Market Overview:
The Infrared Thermometer Market's drivers, restraints, technical advancements, product developments, market opportunities, restrictions, growth strategies, and market prospects, as well as the forecast period, are briefly covered in the Infrared Thermometer Market research report. The Infrared Thermometer market research report offers an in-depth look at the industry, including key figures like market size, market share, revenue growth, and CAGR for the forecast period (2022 to 2029).
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Market Scope:
The analysis by Maximize Market Research focuses on the most important regional market share data. Simultaneously, it highlights the most important aspects of each regional market's growth tendencies. The research also includes a full geographical analysis of the industry, highlighting industry growth potential and market hurdles in each of the world's key regions
The research also provides critical information on important variables such as market share, size, and growth rate, based on the in-depth analysis. Other areas of the economic prognosis, such as investment feasibility, demand and supply, import and export status, supply chain management, and growth predictions, disclose a lot about the economy's prospects between 2022 and 2029.
Drivers:
A number of industry players are introducing Bluetooth non-contact infrared thermometers, which is expected to fuel market growth. For instance, in October 2020 Telepower Communication Co., Ltd. unveiled a Bluetooth non-contact infrared thermometer. The company developed a low-cost, high-performance wall mount for a non-contact infrared thermometer. It is therefore anticipated that this development will increase demand for non-contact infrared thermometers over the course of the forecast period. The COVID-19 outbreak has significantly increased the demand for non-contact infrared thermometers, growing the non-contact infrared thermometer market.
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Segmentation:
There are two market segments based on application: medical and non-medical. The product usage in medical applications is anticipated to grow at the fastest CAGR of more than 13.2% during the forecasted period. Both the population and the variety of fever-producing illnesses may increase as a result of this. Additionally, it is anticipated that an increase in COVID-19 cases will fuel market expansion. For instance, according to the WHO, as of February 25, 2022, there were 43,12,574 confirmed cases of COVID-19 worldwide. Furthermore, regulatory organisations all over the world, including the U.S. FDA, support the use of products to measure a person's body temperature. As a result, there is an increase in demand for hospitals and clinics, which is promoting the growth of the medical industry.
Non-contact handheld and fixed-mount thermometers each have their own market niches based on type. The handheld type category is anticipated to grow at the fastest rate during the forecast period, with a market share of more than 74.2% in 2021. The segment is expected to grow due to the increase in acute illnesses and the increase in different infections that cause fever. For instance, there are now more people with yellow fever. According to the WHO, typhoid fever affects 21 million people annually worldwide. Similar to this, the CDC notes that 30,000 yellow fever cases are reported annually.
Key Players:
•American Diagnostic Corporation(US)
• FLIR(US)
• Testo(US)
• Cardinal Health(US)
• Thermomedics, Inc.(US)
• Exergen(US)
• Welch Allyn – A Hill-Rom Inc. Company(US)
• Electronic Temperature Instruments Ltd(UK)
• PCE Instruments(UK)
• Geratherm Medical AG(Germany)
• PAUL HARTMANN AG(Germany)
• Braun GmbH(Germany)
• Microlife Corporation(Switzerland)
• BPL Medical Technologies(Denmark)
• Contec Medical Systems Co., Ltd.(China)
• OMRON Corporation(Japan)
• AMETEK Land(UK)
The Infrared Thermometer market research report contains a detailed regional key player analysis of the Infrared Thermometer industry, with an emphasis on business growth opportunities and market hurdles in each of the globe's major regions.
Regional Analysis:
The Infrared Thermometer Market's growth trend is examined in depth throughout this report. It shows how the most major regional divides, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, have global dominance.
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COVID-19 Impact Analysis on Infrared Thermometer Market:
The report has given the current uncertainty caused by COVID-19, this is more critical than ever. The report considers consultations to overcome past disruptions and foresees potential ones in order to improve readiness. Businesses can use the frameworks to design their strategic alignments in order to recover from such disruptive trends. MMR analyst assist readers in taking down a complex circumstance and bringing resiliency to a situation which is uncertain.
The report considers consultations to overcome past disruptions and foresees potential ones in order to improve preparation. Businesses can use the frameworks to design their strategic alignments in order to recover from such disruptive trends. Maximize Market Research analysts can also assist readers in breaking down a complex circumstance and bringing resiliency to a situation that is uncertain.
Key Questions answered in the Infrared Thermometer Market Report are:
- What is the sales value, production value, consumption value, import and export of Infrared Thermometer globally (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major players in the Infrared Thermometer Industry on a worldwide scale? What is the state of their business (capacity, production, sales, pricing, cost, gross, and revenue)?
- What are the market possibilities and dangers for Infrared Thermometer providers in the Infrared Thermometer industry?
- Which application, end-user, or product category might be looking for new growth opportunities? What is each type's and application's market share?
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