Infrared Thermometer Market size was valued at USD 309.42 Mn in 2021 and the total Infrared Thermometer Market revenue is expected to grow at 12.02% from 2022 to 2029, reaching nearly USD 767.21 Mn.
Report Summary:
During the forecast period 2022-2029, the Infrared Thermometer is predicted to develop at a steady rate. The Infrared Thermometer Market research provides insights into the newest trends. It outlines major market features, with an emphasis on the leading key player's sectors that have seen the most demand, as well as the leading geographies and applications. It provides both qualitative and quantitative information on the issues, challenges, and opportunities that will shape the market's growth from 2022 to 2029.
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COVID-19 Impact:
COVID-19 has the potential to have three major effects on the economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma. The purpose of the report is to provide a more detailed representation of the current circumstances, the economic slowdown, and the influence of COVID-19 on the total industry.
Infrared Thermometer Market Research Methodology:
The market size for value (million USD) is estimated in this Infrared Thermometer Market study. To estimate and validate the market size of the Infrared Thermometer market, top-down and bottom-up methodologies were used, as well as to estimate the size of several other dependent submarkets in the overall market. Secondary research was used to identify key market participants, and primary and secondary research was used to determine their market shares. Secondary sources and confirmed primary sources were used to determine all percentage shares, splits, and breakdowns.
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The Infrared Thermometer Market Segmentation:
There are two market segments based on application: medical and non-medical. The product usage in medical applications is anticipated to grow at the fastest CAGR of more than 13.2% during the forecasted period. Both the population and the variety of fever-producing illnesses may increase as a result of this. Additionally, it is anticipated that an increase in COVID-19 cases will fuel market expansion. For instance, according to the WHO, as of February 25, 2022, there were 43,12,574 confirmed cases of COVID-19 worldwide. Furthermore, regulatory organisations all over the world, including the U.S. FDA, support the use of products to measure a person's body temperature. As a result, there is an increase in demand for hospitals and clinics, which is promoting the growth of the medical industry.
The major players covered in Infrared Thermometer Market:
•American Diagnostic Corporation(US)
• FLIR(US)
• Testo(US)
• Cardinal Health(US)
• Thermomedics, Inc.(US)
• Exergen(US)
• Welch Allyn – A Hill-Rom Inc. Company(US)
• Electronic Temperature Instruments Ltd(UK)
• PCE Instruments(UK)
• Geratherm Medical AG(Germany)
• PAUL HARTMANN AG(Germany)
• Braun GmbH(Germany)
• Microlife Corporation(Switzerland)
• BPL Medical Technologies(Denmark)
• Contec Medical Systems Co., Ltd.(China)
• OMRON Corporation(Japan)
• AMETEK Land(UK)
Market Drives:
In addition to analyzing the major aspects of the Infrared Thermometer industry, the analysis looks at different volume trends, pricing history, and market value. To get a clearer picture of the industry, several future growth drivers, problems, and opportunities are examined.
Regional Insights on Infrared Thermometer market:
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Infrared Thermometer in these regions, from 2022 to 2029, covering,
North America - (U.S., Canada, and Mexico)
Europe - (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
Asia Pacific - (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
Middle East & Africa - (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
South America - (Brazil, Argentina, Colombia, and Rest of South America)
The study objectives of this report are:
- To study and analyze the Infrared Thermometer market size (value and volume) by company, main regions/countries, products and application, past data from 2017 to 2021, and forecast to 2029.
- To understand the structure of the Infrared Thermometer market by classifying its several sub-segments.
- To share in-depth information about the key factors influencing the growth of the market (industry trends, opportunities, drivers, challenges, and market risks).
- Focuses on the key Infrared Thermometer manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and future growth plans in the future.
- To analyze the Infrared Thermometer with respect to specific growth trends, prospects, and their contribution to the market.
- To project the value and volume of Infrared Thermometer submarkets, with respect to key regions (along with their respective key countries).
- To analyze the economic and political market situation in the , regional, and country-level report includes, PESTEL analysis, PORTER’s 5 forces Analysis, COST analysis, and regulatory landscape also helps to find government contribution and restriction for the Infrared Thermometer market.
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