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 "Global Infrared Thermometer Market Analysis" is a comprehensive look at the Infrared Thermometer market, with a focus on global market trends and analysis. The goal of this study is to provide an overview of the Infrared Thermometer industry as well as a detailed market segmentation by segment and geography. The Infrared Thermometer market is expected to grow significantly throughout the forecast period. The analysis contains critical information on the market positions of the top Infrared Thermometer firms, as well as crucial industry trends and opportunities.
Market Scope:
To validate the market size and estimate market size by segment, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
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Segmentation:
Based on Application, there are two market segments: medical and non-medical. During the projected period, the fastest CAGR of more than 13.2% is anticipated to grow for product usage in medical applications. This can lead to growth in the population as well as a rise in the number of different illnesses that cause fever. Additionally, a rise in COVID-19 instances is predicted to propel market expansion. For instance, the WHO reports that there were 43,12,574 confirmed cases of COVID-19 worldwide as of February 25, 2022. Furthermore, product usage to measure a person's temperature is being encouraged by regulatory bodies all around the world, including the U.S. FDA. As a result, hospitals and clinics are now more in demand, which is assisting the medical sector's expansion.
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)
Primary and secondary research are used to discover industry titans, and primary and secondary research are utilised to estimate market revenue. As part of the core study, in-depth interviews with thought leaders and industry professionals, including experienced front-line personnel, CEOs, and marketing specialists, were undertaken. A secondary investigation was conducted, which included an examination of annual and financial reports from well-known enterprises. Secondary data is utilised to generate percentage splits, market shares, growth rates, and global market breakdowns that are then compared to the original data. The companies mentioned below work in the Infrared Thermometer industry.
Regional Analysis:
The study focuses on geographic analysis, which is further broken down into sub-regions and nations. Profit predictions and market share numbers for each country are included in this section of the research. This component of the study examines each region's and country's share and growth rate throughout the forecasted time period.
The report includes a full PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining political, economic, social, and technical variables impacting the Infrared Thermometer market in various sectors.
COVID-19 Impact Analysis on Infrared Thermometer Market:
The COVID-19 virus has affected customer behavior across the board. Businesses, on the other hand, must modify their strategy to account for changing market supply. This report provides an overview of COVID-19's influence on the Infrared Thermometer market and will assist you in developing your business in accordance with the new industry standards.
Under the COVID-19 Impact section, the Infrared Thermometer Market Report offers extensive research ranging from the agile supply chain and trade limits to regional government laws and the firm's future effect. Primary market research (2021-2027), instances of venture competition, the benefits and drawbacks of large business channels, and industry growth trends (2021-2027) are all provided.
Key Questions Answered in the Infrared Thermometer Market Report are:
- What is the size of the Infrared Thermometer market?
- Which regional market will take the lead in the next years?
- Which application category is likely to grow the most quickly?
- What growth prospects could exist in the Infrared Thermometer business in the next years?
- What would be the most significant future obstacles for the Infrared Thermometer market?
- Who are the market leaders in the category Infrared Thermometer?
- What are the key trends impacting market growth?
