Infrared Thermometers Market

Infrared Thermometers Market is Projected to Grow US$ 1 Bn by the end of 2026
Technical enhancements have introduced, infrared thermometer, which is capable of measuring the
radiation emitted by a body, or an object. These thermometers are used for measuring ear, forehead
etc. A new research report introduced by the team of Persistence Market Research, involves analysis
of global infrared thermometer market. The report, titled ‘Infrared Thermometer Market: Global
Industry Analysis 2013 – 2017 and Forecast 2018 – 2026’ is based on future market forecast and
factors influencing the market growth. The outcomes of this exhaustive research process reveals
that the global infrared thermometer market is expected to reach a market value of over US$ 1 Bn
by the end of 2026, growing at a CAGR of 8.5% during the forecast period.
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Infrared Thermometers Market: Overview : The global infrared thermometers market witnesses the
maximum impact of increasing investments on the healthcare industry and also the various
technological advancements that are taking place. This has given a birth to the infrared thermometer
device and its market, which is taken ahead by the capabilities of the device. Infrared thermometers
are said to provide more accurate results than the conventional thermometers. The market is
expected to gain high popularity in the coming years as more and more people will depend on the
technology. It has found its application in areas like medical and veterinary industry, among which
the application is currently higher in medical sector.
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According to the research report, medical industry is expected to hold a market value of over US$
620 Mn by the end of 2026. However, the future shows proliferating demand from the veterinary
sector which is expected to grow at a CAGR of 8.8% during the forecast period. The market also
includes different types of thermometers like forehead, ear and multifunctional. Among these, larger
part of the market is covered with the demand for forehead thermometers. It is said to be safer as
compared to ear thermometers. Though forehead thermometer has high cost as compared to ear and
multifunction thermometer, still people adopt forehead thermometer due to its accuracy and low
rate of infection.
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Infrared Thermometers Market: Competitive Landscape : The report covers a brief view of all the
leading manufacturers for infrared thermometers. In the medical sector, leading providers of
infrared thermometers are Braun, Contec, Omron, Hartmann, Microlife, Vivehealth etc. In the
veterinary sector, the leading players are Bioseb, Mediaid, iSnow Med, Greatfarm etc. The research
report has briefly depicted the market presence of such companies in the coming years and also
their marketing strategies. The leading companies that are a part of tier 1, has contributed a market
value of over US$ 380 Mn in 2017, whereas tier 2 companies are lagging behind and have
contributed only 49% revenue in the global market. Co-commercialization and distribution
agreements are the common marketing and distribution strategies adopted by these key players in
the global Infrared Thermometers market. The coming years will showcase new strategies adopted
by the companies amid intensified competition.