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Infrared Thermometers Market Trends

Report ID: GMI5242
Published Date: Apr 2022
Report Format: PDF

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Infrared Thermometers Market Trends

There has been an upsurge in R&D activities coupled with high investments and clinical trials for the development of innovative medical devices that provide valuable advantages for the patients as well as the company. As per the article published in 2019, the pharmaceutical companies across the globe spent over USD 83 billion for R&D activities for innovative medical devices.

Additionally, the rising prevalence of infectious diseases have upsurged the use of advanced thermometers in hospitals and various healthcare facilities. The rising demand for these thermometers for their accuracy and reliability have proliferated the medical device companies to develop robust technology products for temperature measurement. This specifies the rising R&D activities in the medical device, healthcare and pharmaceutical sector that are predicted to increase in near future. Hence, an upsurge in R&D activities is associated with the growing product demand to deliver robust and validated results in less time & with higher efficiency that is expected to propel the infrared thermometers market revenue.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The global infrared thermometers industry size had crossed USD 1,500 million in 2021 and is poised to hit a -2.6% CAGR between 2022 and 2028 due to the rising prevalence of infectious diseases and the fast-growing population.

Infrared thermometers deploy infrared radiation and are used for monitoring the temperature of the human body by detecting thermal radiation. They are also employed in situations where standard sensors are ineffective.

Demand for handheld infrared thermometers was valued at over USD 1,320 million in 2021 and will grow with rising utilization in the treatment of the COVID-19 patients

U.S. infrared thermometers market is expected to generate a revenue of over USD 215 million by 2028 impelled by the rising burden of infectious diseases, and the surge in R&D activities & investments in the region.