What Is The Forecast Growth Rate For The Infrared Thermometers Market?
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The infrared thermometers market has witnessed robust growth in recent years, fueled by various factors contributing to its expansion.
- Market size surged from $2.06 billion in 2023 to $2.2 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 6.8%.
- Historic growth attributed to emergency preparedness, remote sensing applications, cost-effectiveness, and consumer acceptance.
Anticipating Continued Growth
The infrared thermometers market is poised for further expansion, reaching $2.99 billion by 2028, boasting a CAGR of 7.9%.
- Forecasted growth linked to health and safety regulations, healthcare sector expansion, global health preparedness, and increasing home use.
- Major trends include global health challenges, consumer preference for contactless technology, remote sensing applications, efficiency, and cost-effectiveness.
Global Surge in Infectious Diseases Fuels Market Growth
The rising prevalence of infectious diseases worldwide is expected to drive the growth of the infrared thermometer market.
- Infrared thermometers serve as critical tools for mass screening during infectious disease pandemics such as COVID-19, SARS, Ebola, and influenza.
- The escalation of infections underscores the necessity for accurate temperature monitoring and early detection.
- Companies like OMRON Corporation, Braun GmbH, and others play a pivotal role in providing innovative solutions to meet market demands.
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Bluetooth-Enabled Innovations Reshape Market Dynamics
Major players in the infrared thermometers market are focusing on innovation to gain a competitive edge, introducing Bluetooth-enabled solutions.
- Bluetooth-enabled infrared thermometers offer quick, accurate results, and facilitate automatic transmission of data to healthcare professionals.
- Tenovi Co.’s cellular-enabled Infrared Thermometer exemplifies cutting-edge innovation in remote patient monitoring.
- These advancements enable real-time temperature tracking and prompt decision-making in clinical settings.
Strategic Partnerships Drive Market Expansion
Strategic partnerships, such as Dealmed’s collaboration with Eastman Kodak, play a crucial role in expanding production and distribution networks.
- Dealmed’s partnership with Eastman Kodak enhances the supply chain and product offerings, while expanding Kodak’s presence in the medical sector.
- Such collaborations contribute to meeting the escalating demand for infrared thermometers globally.
Market Segmentation Insights
Understanding market segmentation provides valuable insights into the diverse landscape of infrared thermometers.
- Segmentation Overview:
- Product Type: Handheld, Pocket, Fixed Mount
- Measurement Points: Ear, Forehead, Multifunction
- Distribution Channel: Retail Stores, Online Channels
- Application: Medical, Veterinary
- End User: Hospitals, Ambulatory Surgical Centers, Others
- Regional Dynamics:
- North America led the infrared thermometers market in 2023, with Asia-Pacific poised for rapid growth.
In conclusion, the infrared thermometers market continues to evolve in response to global health challenges and technological advancements. As the demand for accurate temperature monitoring intensifies, industry players must prioritize innovation, strategic partnerships, and market segmentation to navigate the dynamic landscape effectively. With the relentless pursuit of excellence, the infrared thermometers market is poised to shape the future of healthcare and public safety worldwide.
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