Non-Contact Infrared Thermometer Market Expected to Reach $931.56 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Non-Contact Infrared Thermometer Market," The non-contact infrared thermometer market size was $368.50 million in 2021, and is estimated to reach $931.56 million by 2031, growing at a CAGR of 9.83% from 2022 to 2031.

A non-contact infrared thermometer is a device, which uses heat sensors that determine body temperature. touchless thermometers are suitable to take temperature reading through various distance using distance to spot technology. These are used across various end use verticals such as residential, commercial, industrial, healthcare, and others. Non-contact infrared thermometer has more potential and is beneficial over traditional mercury thermometer in terms of reliability and accuracy.

The growth of the global non-contact infrared thermometer industry is majorly driven by mercury-free thermometers globally paired with increase in number of medical situations around the globe. Moreover, healthcare industry is expected to propel the non-contact infrared thermometer market growth during the forecast period. On the contrary, distribution of clinical thermometers and related equipment in remote areas and emerging nations is expected to provide lucrative opportunities for the growth of the non-contact infrared thermometer market share during the forecast period.

According to non-contact infrared thermometer market research, the handheld segment was the highest revenue contributor to the market in 2021. The medical segment is expected to reach for impressive CAGR from 2022-2031. Surge in deployment of non-contact infrared thermometer solutions across Asia-Pacific has led the growth of the distance to spot ratio >50:1 segment; thereby, enhancing the non-contact infrared thermometer market growth.

The outbreak of COVID-19 has significantly boosted the growth of the non-contact infrared thermometer market, owing to constant check on patients’ temperature in hospitals and contact-less temperature checks during travel. Considering the inputs of various industry experts globally, the third wave of COIVID-19 pandemic may significantly boost the growth of non-contact infrared thermometer market across Europe and Asia-Pacific. However, the increase in demand for mercury-free thermometers in healthcare sector is expected to drive the growth of the non-contact infrared thermometer market during the forecast period.

Region-wise, Asia-Pacific and Europe holds a significant share in the global Non Contact thermometer market, owing to the presence of prime players in this region. The adoption of handheld thermometer is expected to propel the growth of the non contact infrared thermometer industry in this region. Moreover, rise in launch of commercial and industrial thermometers in North America and LAMEA is anticipated to drive the non-contact infrared thermometer market trends in this region.

KEY FINDINGS OF THE STUDY

• The handheld segment was the highest revenue contributor to the market, with $306.87 million in 2021, and is estimated to reach $786.9 million by 2031, with a CAGR of 9.99%.
• The medical segment was the highest revenue contributor to the market, with $224.76 million in 2021, and is estimated to reach $589.3 million by 2031, with a CAGR of 10.23%.
• The 21:1 to 50:1 segment is estimated to reach $275.05 million by 2031, at a significant CAGR of 10.91% during the forecast period.
• The >50:1 and 21:1 to 50:1 segment collectively accounted for around 58.67% market share in 2021, with the former constituting around 31.92% share.
• Asia-Pacific was the highest revenue contributor, accounting for $134.5 million in 2021, and is estimated to reach $365.17 million by 2031, with a CAGR of 10.61%.

The key players profiled in the report for non-contact infrared thermometer market analysis include A&D Medical, Advanced Energy Industries, Inc., AMETEK Land, American Diagnostics Corporation, Briggs Healthcare, EXTECH, Fluke Corporation (Fortive Corporation), Kobold Messring GmbH, Microlife Corporation, Omega Engineering, OMRON Healthcare Inc., Optris, PCE Holding GmbH, Testo SE & Co. KGaA, Toshniwal Industries Pvt ltd, Trumeter and Welch Allyn. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the Non-Contact Infrared Thermometer market.