Non-Contact Thermometer Market is Generating Lucrative Opportunities for the Players

13 January 2021

The adoption of innovative technology in healthcare and changing lifestyles is fueling the growth of the non-contact thermometer market across the geography. The onset of COVID-19 has surged the usage of non-contact thermometers across the public places and healthcare facilities. Owing to the numerous benefits of infrared thermometers it is expected to witness significant growth in the coming years. The global non-contact thermometer market is likely to reach revenue of over USD 915 million by 2025. Due to the ban in sale of mercury-based thermometers, the National Institute of Standards and Technology (NIST) and the Environmental Protection Agency (EPA) are taking necessary steps to limit the usage of mercury in medical devices. In 2019, the demand for multifunction thermometers, which is a new kind of non-contact thermometer with both forehead and in-ear temperature measuring technology, accounted for a market share of over 12% in the global medical market. The non-contact thermometer market is highly fragmented due to the presence of many global, regional, and local players offering a wide range of products. The competition among the players is intense and is likely to increase further with the entry of many start-ups and emerging players. Some of the major players of the non-contact thermometer market include Omron Healthcare, Paul Hartmann, Hill-Rom Holdings, and Geratherm. These key players operate across various countries globally, offering a wide range of innovative modern medical devices and technologies.

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New Product Development

In today’s generation, the technologies are being developed every other day and the constant innovations with the introduction of latest technology with artificial intelligence and IoT plays an important role in generating the demand for various products in the market. Companies such as Flo has introduced non-contact thermometers with Bluetooth-enabled technology that is fully compatible with Apple and Android smartphones. This smart thermometer can transmit the readings instantly via Bluetooth to the Hubble connect for Smart Nursery app. The non-contact thermometer can track the temperature history of four family members and can share the readings with the doctor or among family members through smartphones. The introduction of such technologies in the medical industry is expected to intensify non-contact thermometer market competition among the players over the next few years. With the increase in competition and recent entry of many start-ups, larger players are becoming more proactive and are focused on developing innovative products and solutions as per end-user requirements and rapidly changing needs. In the absence of reliable testing procedures during the recent outbreak of COVID-19, smart thermometers have emerged as an important device to measure/monitor body temperatures among virus-infected patients.

Geographic Analysis of Non-Contact Thermometer Market

The rising healthcare industry in the US and Canada is primarily supporting the growth of non-contact thermometers in the North American region. Consumers in the region are increasingly spending on innovative and latest healthcare equipment, which is expected to fuel the non-contact thermometer market growth during the forecast period. In North America, the forehead thermometers accounted for the largest market share of approximately 61% in 2019. The ease of usage and other multiple benefits of non-contact thermometers is also driving its demand in medical usage in the region. The non-contact thermometer market in North America will reach a value of around USD 356 million by 2025. Medical tourism plays a vital role in the development of healthcare facilities in Latin America. Brazil and Mexico are among the top five destinations for the medical tourism in the world. The rapid development in the region creating immense demand for the players in the non-contact thermometer market. Most of the medical devices used in Latin American countries are imported from countries such as the US, thereby providing a lucrative opportunity for the growth of US-based companies in the region. 

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FAQs about the Non-Contact Thermometer Market:

Q. What is the market size of the global non-contact thermometer?

A. The global non-contact thermometer market is projected to reach revenues of over USD 915 million by 2025.

Q. What is the market growth of global non-contact thermometer?

A. The global non-contact thermometer market is projected to grow at a CAGR of over 15% during the forecasted period.

Q. What is the market segmentation of the global non-contact thermometer?

A. The global non-contact thermometer market is segmented by product type, application, and geography.

Q. What is the market insight of the global non-contact thermometer?

A. The global demand for non-contact thermometers is expected to grow by 19%, reaching revenues of USD 469 million by 2020.

Q. What are the major regions in the global non-contact thermometer?

A. The leading regions in the global non-contact thermometer market include North America, Europe, APAC, Latin America, and Middle East and Africa.

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