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Non Contact Infrared Thermometers Global Market Report 2020-30: Covid 19 Implications and Growth

Non Contact Infrared Thermometers Global Market Report 2020-30: Covid 19 Implications and Growth

  • July 2020
  • 200 pages
  • ID: 5948406
  • Format: PDF
  • The Business Research Company
Up to $800 off Until Dec 10th 2020

Summary

Table of Contents

Major players in the non-contact infrared thermometers market are Braun, Omron Healthcare, Microlife Corporation, Paul Hartmann, American Diagnostic Corporation, Exergen Corporation, Beurer, Easywell Biomedical, and Easytem.

The global non-contact infrared thermometer market is expected to grow from $11.43 million in 2019 to $17.82 million in 2020 at a compound annual growth rate (CAGR) of 55.85%. The growth is mainly due to the COVID-19 outbreak that required temperature checks at all commercial places, workplaces and hospitals. The market is expected to stabilize and reach $14.63 million in 2023 at a CAGR of -6.37%.

The non-contact infrared thermometers market consists of sales of non-contact infrared thermometers and related services that are used in homes and hospitals. The non-contact infrared thermometer is a thermometer that can be used to quickly and non-invasively evaluate temperature, possibly causing less discomfort than traditional methods.

North America was the largest region in the non-contact infrared thermometer market in 2019. Asia Pacific is expected to be the fastest-growing region in the non-contact infrared thermometer market in the forecast period.

In November 2018, Midas Health Co. Ltd., a Taiwan-based company that offers medical treatment, nursing, pharmacy dispensing, and other services, acquired Microlife Corporation for an undisclosed amount. This acquisition helps Microlife Corporation to secure the funds it needed to cope with rising uncertainty in global markets. Microlife Corporation is a medical diagnostics company that specializes in the development and manufacture of blood pressure monitors, digital thermometers, asthma management devices, heat therapy aids, blood glucose management devices and weight management devices.

The non-contact infrared thermometers market covered in this report is segmented by product type into forehead; in-ear; multifunction and by application into veterinary; medical.

The high cost of non-contact infrared thermometers is a key factor hampering the growth of the non-contact infrared thermometers market. Since the outbreak of COVID 19, the non-contact thermometers or temperature guns have become limited on the market and are sold at very high prices. This is because the increasing need for screening tests to prevent COVID 19 spread has increased the demand for these devices. However, there is a demand and supply gap. As the number of COVID 19 cases are increasing globally, countries are struggling to export and import these devices due to restrictive containment measures, the closure of industries, and export bans. Due to the shortage of non-contact thermometers or temperature guns in the market, the available devices have become expensive resulting in customers moving towards buying traditional thermometers. Therefore, the high cost of non-contact infrared thermometers is expected to hinder the growth of the non-contact infrared thermometers market.

The non-contact infrared thermometer based on Bluetooth is a key trend in the non-contact infrared thermometer market. The door-to-door testing campaigns are becoming less realistic with increasing COVID-19 cases and this is where the smart thermometer comes into the picture. When the thermometer is switched on, it connects to the phone through Bluetooth and the location will also appear on the app, just like other thermometers, you can evaluate yourself and the findings will appear on the mobile phone, and if there is a fever, the information and location will be sent to the server. For example, using the Digi-Sense D/S IR Therm app, the infrared thermometer connects to the Bluetooth technology and sends information to the smartphone or iOS device. The results are stored automatically with a date-and-time signature in the app and it can be stored as a CSV format and emailed for future reference.

The increasing demand for non-contact infrared thermometers due to the COVID 19 cases is a key factor driving the growth of the market. The number of cases of COVID 19 infection is growing rapidly and with fever being a key symptom, it is essential to have a temperature test of the people wherever there is an enormous gathering. Infrared thermometers are the efficient devices for accurate and frequent measurement of body temperature, as they monitor the temperature through the forehead from a distance, and in seconds. Therefore, the demand for infrared thermometer is increasing every day due to its fast calculation and high precision features.



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