Status : Published Published On : May, 2020 Report Code : VRHC1233 Industry : Healthcare Available Format : Page : 190

Global Contactless Thermometer Market – Analysis and Forecast (2019-2025)

Industry Insights by Product Type (Handheld, Fixed-Mount Thermometers), by End User (Healthcare Facilities, Individuals, Others), by Distribution Channel (Direct, Indirect Channel [Online, Retail])

Industry Overview

From USD 410.0 million in 2019, the global contactless thermometer market is predicted to grow to USD 864.3 million by 2025, registering a CAGR of 11.6% during the forecast period (2020–2025). The growth of contactless thermometer market is attributed towards rapid explosion of COVID-19 disease globally that is causing deaths massively across the globe. Furthermore, extensive funding attributed towards research by the government organizations to treat COVID-19 along with increasing technological upgradation are the key factors driving the growth of global contactless thermometer market.

Contactless Thermometer Market Highlights

A contactless thermometer or infrared thermometers helps in scanning the infrared heat emitted from the body that further helps in determining the temperature and displays results in digital format on a liquid crystal display (LCD) screen. Sometimes these devices are termed as laser thermometers or temperature guns that help in describing the ability of the device to measure temperature from distance. Furthermore, testing patients in order to scan coronavirus (COVID-19) has massively extending the demand for global contactless thermometer market in last few months.

Market Segmentation

Insight by Product Type

On the basis of product type, the global contactless thermometer market is bifurcated into handheld and fixed-mount thermometers. During the forecast period, the handheld segment is expected to witness higher CAGR, due to the extensive operational convenience and greater acceptance in healthcare facilities and airports.

Insight by End User

Based on end user, the global contactless thermometer market is categorized into healthcare facilities, individuals, and others.  The healthcare facilities, under the end user segment, would hold the largest share in the global contactless thermometer market in 2019. This is attributed to a large number of patients in hospitals.

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Product Type, End User, Distribution Channel, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea, Australia, South Korea, Indonesia, Singapore), and Rest of the World (Brazil, Argentina, Saudi Arabia, South Africa, Iran, U.A.E.)

Companies Covered in the Study

Easywell Biomedicals Inc., Omron Corporation, Briggs Healthcare Corporation, Paul Hartmann AG, Braun GmbH, Beurer GmbH, Exergen Corporation, Hill-rom Holdings, Geratherm, and BPL Medical Technologies

Industry Dynamics

Growth Drivers

Increasing demand for secure and more speedy results along with increasing simplicity and affordability of usage of contactless thermometer are the key factors driving the growth of global contactless thermometer market. These thermometers are used in simpler manner and do not require additional training and can be used by non-technical users as well. From past few months, the contactless thermometer are used rampantly to trace the patients suffering from COVID-19 globally. Furthermore, COVID-19 is maturing in almost every country such as the U.S., U.K., Spain and India and the key manufacturers are required to extends its development tremendously as the demand in the coming days would be 10 fold that is the key factor bolstering the growth of global contactless thermometer market in these countries enormously.

Challenges

However, research and development in medical equipments has created certain alternatives for contactless thermometer that is the key factor expected to hamper the growth of global contactless thermometer market.

Geographic Overview

Around the globe, North America was largest contactless thermometer market in 2019. The growth of this market in the region is attributed towards rapid pervasiveness of infectious disease such as COVID-19 and neo-natal care awareness. In April 2020, approximately 2,222,974 cases has been witnessed in this region as a result to this demand for contactless thermometers has exploded as people becoming more aware and faster results provided by the device so that necessary precautions could be undertaken.

Moreover, contactless thermometer market in Asia-Pacific is expected to witness highest CAGR during the forecast period due to increasing awareness of these devices due to explosion of COVID-19 and increasing population that is estimated to be affected by this pandemic in the near future specifically in countries such as India. Furthermore, an increasing number of manufacturers developing veterinary infrared thermometer is another factor driving the growth of global contactless thermometer market.

Competitive Insight

Key players in the contactless thermometer market are rapidly accentuating efforts such as investment in research and development, new product development and strengthening company strategic decisions in order to make the world recover from epidemic as soon as possible.

Some of the major players operating in the global contactless thermometer market are Easywell Biomedicals Inc., Omron Corporation, Briggs Healthcare Corporation, Paul Hartmann AG, Braun GmbH, Beurer GmbH, Exergen Corporation, Hill-rom Holdings, Geratherm, and BPL Medical Technologies.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.

Contactless Thermometer Market Size

Source: VynZ Research

Contactless Thermometer Market Analysis

Source: VynZ Research

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Contactless Thermometer Market