COVID-19 Impact: Surged Demand for Infrared Thermometers in Coming Years

30 September 2020

Over the past couple of years, demand for non-contact or contactless medical devices is gaining immense prominence worldwide. The recent outbreak of the novel coronavirus saw a huge surge in the demand for infrared thermometers in the global market. In the healthcare industry various established and emerging players, as well as new entrants, have tremendous opportunities to bring innovative and cost-efficient healthcare solutions to cater to the growing demands.

Did you know, in the US the thermometer sales increased by over 230% in March 2020 as compared to the same period in the previous year.

Read:Infrared Thermometer Market Global Outlook and Forecast 2020-2025

COVID-19 Impact on the Growth of the Non-Contract Infrared Thermometers Market

The exponential spike in the number of COVID-19 patients worldwide has exponentially boosted the demand for medical devices including, digital thermometers, infrared thermometers, nebulizers, blood pressure monitoring devices, among others. The efforts in controlling the spread of the virus the governing bodies across various has mandated the use of non-contact thermometer across all public places including, shopping malls, airports, offices, schools and all other institutes, resulting in a rapid increase in demand for these medical devices.

The growth in demand is, however, exceeding the supply, resulting in the shortage of supply in the Q2 of 2020 across various countries, including the US, the largest market for the non-contact thermometer across the globe. There is a significant break in the supply chain as most of the electronic medical devices are imported from China and there the companies are struggling meet the surge in demand as well. As a result, there is a mass shortage of products in countries such as the US, India, and others.Further several European nations, including the Netherlands, Spain, and the Czech Republic, rejected the use of Chinese medical kits for battling COVID-19 as these were faulty and were unable to meet the quality requirements.

The declining supply and import may, however, pave opportunities for the growth of domestic production. The supply of infrared thermometers is expected to recover by the Q3 of 2020. Also, to address the issue of scanning in mass public areas have resulted in the growing demand for alternative devices such as thermal scanners, or thermal cameras.

Read: Medical Ventilator Market Global Outlook and Forecast 2020-2025

Role of Technology in New Product Launches

The constant innovations with the introduction of the latest technology, smarter technology, artificial intelligence, and IoT play an important role in generating the demand for various products in the market. Non-contact thermometer manufacturers are also introducing innovative technologies to differentiate their products from the already existing ones.

  • Wifi- Enabled thermometers
  • Connected or APP based

The leading players such as Omron Healthcare, Paul Hartmann, Hill-Rom Holdings, and Geratherm areoffering a wide range of innovative and modern medical devices and technologies to expand their customer base in the infrared thermometer market.

FAQs for the Infrared Thermometer Market Include

Q) What is the market size of infrared thermometer?

A) The global infrared thermometer market is projected to reach over $915 million by 2025.

Q) What is the market share of infrared thermometer?

A) Owing to the benefits and ease of usage, non-contact thermometers are expected to witness significant growth during the forecast period.

Q) What is the market growth of infrared thermometers?

A) The infrared thermometers market is expected to grow at CAGR of over 15% during 2019-2025.

Q) What are the market insights of infrared thermometers?

A)Multifunction thermometers, which performs the function of both forehead and in-ear thermometers, is witnessing the rapid growth in the global market.

Q) Who are the top vendors in the infrared thermometer market?

A) The prominent players in the infrared thermometer market include Omron Healthcare, Paul Hartmann, Hill-Rom Holdings, and Geratherm.

Q) What is the market segmentation of infrared thermometer?

A) The infrared thermometer market is segmented by product type, application, and geography.

Q) How is COVID-19 impacting the infrared thermometer market?

A) The infrared thermometer market witnessed an exponential surge in demand in the Q1 & Q2 of 2020 and trend is expected to continue for the upcoming years as well.

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