Dublin, May 26, 2020 (GLOBE NEWSWIRE) -- The "Non-Contact Infrared Thermometer Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The infrared thermometer market is expected to grow at a CAGR of over 15% during the period 2019-2025.
The global infrared thermometer market is going to witness growth due to the worldwide outbreak of the COVID-19 pandemic. This pandemic has resulted in a spike in demand for several medical devices, which include nebulizers, blood pressure monitoring devices, medical ventilators along with the non-contact thermometer. In an attempt to contain the highly contagious virus, temperature monitoring has become an essential component across public places, including shopping malls, airports, offices, schools, thereby increasing the demand for non-contact thermometers.
The following factors are likely to contribute to the growth of the infrared thermometer market during the forecast period:
The study considers the present scenario of the infrared thermometer market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
This research report includes a detailed segmentation by product type, application, and geography. The infrared forehead non-contact thermometers market accounted for the largest share of 61% in 2019. Contactless thermometers are easy to use and provide faster results that are highly recommended to measure temperatures in babies and infants. This is increasing the share of the contactless thermometer market. They are considered as reliable, comfortable, and accurate option to measure body temperatures, especially for pediatrics.
Vendors are implementing new technology such as intelligent light indicators to indicate fever levels. They are likely to introduce smart technologies that allow the thermometer to be connected to an external mobile application via Bluetooth.
In-ear thermometers are more popular than forehead ones for measuring temperatures among pets. Due to the presence of fur and different sweat apparatus, forehead temperature scans are not proven to be helpful in veterinary medicine. However, in-ear and rectal temperatures have shown conflicting results. Thus, reliability remains a key challenge for the market.North America is expected to witness continued improvement, contributing to the highest incremental growth of $73.59 million by 2025. The evolving consumer confidence and technology is likely to increase the demand for non-contact thermometers in veterinary medicine.
The global infrared thermometer market size is undergoing major transformations. The demand is flourishing due to innovations and technological advancements. Therefore, global players are focusing on business expansion plans to increase the geographic reach of their products.
Global outreach efforts are particularly strong in many emerging economies of the APAC and MEA regions. Several infrared thermometer manufacturers in the US and Europe are beginning to design and manufacture their products locally. For instance, key players such as Medtronic, Braun, and Cardinal Health generate significant revenue from global sales. Hence, several large global players are willing to enter emerging markets to increase their sales volume and profit margins.
Prominent Vendors
Other Prominent Vendors
Key Questions Answered:
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage4.1 Market Definition4.1.1 Inclusions4.1.2 Exclusion4.2 Base Year4.3 Scope Of The Study4.4 Market Segments4.4.1 Market Segmentation by Product Type4.4.2 Market Segmentation by Application4.4.3 Market Segmentation by Geography
5 Report Assumptions & Caveats5.1 Key Caveats5.2 Currency Conversion5.3 Market Derivation
6 Market at a Glance7 Introduction7.1 Overview
8 Impact Of Covid-198.1 Impact Of Covid-19 On Infrared Non-Contact Thermometer Market
9 Market Opportunities & Trends9.1 Growth In Medical Tourism9.2 New Product Development9.3 Growing Demand For Multifunction Non-Contact Thermometer
10 Market Growth Enablers10.1 Growing Prevalence Of Healthcare Acquired Infections10.2 Ban Of Traditional Mercury In Glass Thermometers10.3 Rising Expenditure On Preventive Healthcare
11 Market Restraints11.1 Availability of Innovative Temperature Monitoring Devices11.2 Stringent Regulatory Requirements
12 Market Landscape12.1 Market Overview12.2 Market Size & Forecast12.3 Five Forces Analysis12.3.1 Threat of New Entrants12.3.2 Bargaining Power of Suppliers12.3.3 Bargaining Power of Buyers12.3.4 Threat of Substitutes12.3.5 Competitive Rivalry
13 Product Type13.1 Market Snapshot & Growth Engine13.2 Market Overview13.3 Forehead13.3.1 Market Size & Forecast13.3.2 Market by Geography13.4 In-Ear13.4.1 Market Size & Forecast13.4.2 Market by Geography13.5 Multipurpose13.5.1 Market Size & Forecast13.5.2 Market by Geography
14 Application14.1 Market Snapshot & Growth Engine14.2 Market Overview
15 Veterinary15.1 Market Size & Forecast15.2 Market By Geography
16 Medical16.1 Market Size & Forecast16.2 Market By Geography16.3 Adult16.3.1 Market Size & Forecast16.3.2 Market by Geography16.4 Children16.4.1 Market Size & Forecast16.4.2 Market by Geography
17 Geography17.1 Market Snapshot & Growth Engine17.2 Geographic Overview
18 North America18.1 Market Overview18.2 Market Size & Forecast18.3 Product Type18.3.1 Market Size & Forecast18.4 Application18.4.1 Market Size & Forecast18.5 Key Countries18.5.1 US: Market Size & Forecast18.5.2 Canada: Market Size & Forecast
19 Latin America19.1 Market Overview19.2 Market Size & Forecast19.3 Product Type19.3.1 Market Size & Forecast19.4 Application19.4.1 Market Size & Forecast19.5 Key Countries19.5.1 Brazil: Market Size & Forecast19.5.2 Mexico: Market Size & Forecast
20 APAC20.1 Market Overview20.2 Market Size & Forecast20.3 Product Type20.3.1 Market Size & Forecast20.4 Application20.4.1 Market Size & Forecast20.5 Key Countries20.5.1 China: Market Size & Forecast20.5.2 Japan: Market Size & Forecast20.5.3 India: Market Size & Forecast
21 Europe21.1 Market Overview21.2 Market Size & Forecast21.3 Product Type21.3.1 Market Size & Forecast21.4 Application21.4.1 Market Size & Forecast21.5 Key Countries21.5.1 Germany: Market Size & Forecast21.5.2 France: Market Size & Forecast21.5.3 UK: Market Size & Forecast21.5.4 Italy: Market Size & Forecast21.5.5 Spain: Market Size & Forecast
22 Middle East & Africa22.1 Market Overview22.2 Market Size & Forecast22.3 Product Type22.3.1 Market Size & Forecast22.4 Application22.4.1 Market Size & Forecast22.5 Key Countries22.5.1 Saudi Arabia: Market Size & Forecast22.5.2 South Africa: Market Size & Forecast
23 Competitive Landscape23.1 Competition Overview
24 Key Company Profiles
25 Other Prominent Vendors
26 Report Summary26.1 Key Takeaways26.2 Strategic Recommendations
27 Quantitative Summary
28 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/cjv74e
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
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Global Non-Contact Infrared Thermometer Market (2020 to 2025) - Outlook and Forecast - Yahoo Finance UK
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