Infrared Thermometers Market Size

Infrared Thermometers Market Size

Infrared Thermometers Market size surpassed USD 1,500 million in 2021 and is estimated to register -2.6% CAGR between 2022 and 2028. The rapidly growing population along with patients suffering from infectious diseases is resulting in rising product demand, thereby surging the overall market growth. These thermometers are a part of global automation business and are precisely predictive in temperature measurement that is one of the key measures in the healthcare and manufacturing sector.

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Rapidly increasing product demand due to the COVID-19 pandemic worldwide and rising predominance of infectious diseases coupled with affordability, availability and simplicity of usage are the major factors that are expected to drive the market demand. Moreover, due to the rising prevalence of diseases such as influenza, malaria, diarrhoea along with neo-natal care, and rising elderly population is also expected to propel the infrared thermometers market expansion.

Infrared thermometers refer to devices that use infrared radiation to monitor the temperature of the human body by detecting thermal radiation released by the body. These thermometers employ electromagnetic radiation to measure the temperature of a surface without touching it and enable users to monitor temperature in situations where standard sensors are ineffective.

However, accuracy limitations of these thermometers and the dearth of a proficient workforce for handling these devices might negatively affect the market growth. These systems require skilled workers with proper knowledge to operate them. According to a published research article, in 2020, certain European countries faced shortage of skilled workforce with medical laboratories and hospitals among others that may severely affect the adoption.

Furthermore, the rising prices of technologically advance thermometers are one of the major restraints faced by the market. Due to high inflation and less affordability of technological product by middle class segments is a major concern for the developing market across the globe. Therefore, the lack of skilled labour and rising cost of these thermometers resulting in less affordability may hamper the infrared thermometers industry demand.

The COVID-19 outbreak has proven to be beneficial and had a positive impact on the market growth. This is owing to the rising use of novel thermometers to determine and measure the temperature of the body as a COVID-19 preventive treatment mechanism. To curb the spread of coronavirus infections, demand for non-contact thermometers surged, and this led to a substantial rise in demand for these Thermometers. As per the recently published article, the overall testing of body temperature with advanced thermometers increased by more than 150% compared with pre-pandemic volume. The increasing demand has forced to surge the R&D in medical device industry that has led to the demand for Thermometers. These devices help in, data filtering, patient recognition, effectiveness of on-going medical treatment for better efficiency and clinical performance with accurate results. Thus, the COVID-19 pandemic augmented the demand and is expected to drive the industry progression.