The growing demand for multifunction thermometers is expected to generate enormous growth opportunities during the forecast period
Arizton’s recent market research report on non-contact thermometer market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The study includes insights on segmentation by Product Types (forehead, in-ear, and multifunction), Application (medical and veterinary (adults and children)), and Geography (APAC, Europe, Latin America, MEA, and North America).
The global non-contact thermometer market is expected to grow at a CAGR of over 11% during the period 2018-2024.
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Non-contact digital thermometers are used to monitor the body temperature in infants, pregnant women, adults, and the elderly population. They are the latest temperature-measuring equipment in the medical devices sector. These devices measure the infrared radiation of the body without coming in contact with the skin. Non-contact digital thermometers also provide accurate and quick temperature readings. As these non-contact devices, they negate the risk of contamination and spread of diseases among individuals. Hence, non-contact digital thermometers are expected to witness significant growth during the forecast period.
The leading drivers and trends propelling the growth of the global non-thermometer market are discussed below:
Increased Prevalence of Healthcare Acquired Infections (HAI)
Healthcare-associated infections affect patients in hospitals and other healthcare-related facilities. As the majority of healthcare facilities lack surveillance systems for HAIs, reliable global information on HAIs is hard to find. In developed countries, HAIs are approximately 3.5% and 12%. In Europe, the average prevalence of HAI is approximately 7.1%,according to the European Center for Disease Prevention and Control. In the US, the incidence of HAI was estimated at around 4.5%, affecting approximately 1.7 million patients annually. According to a recent study across European multi-centers, the proportion of infected patients in ICU was as high as 51% with a majority of them identified as HAIs. Approximately 30% of patients in ICUs were affected by one episode of HAI. The longer the patient stays in the ICU, the higher are chances of acquiring HAIs. According to the WHO, cumulative chances of infection in high-risk adult patients are approximately 17 per 1,000 patients. The frequency of infections is associated high for invasive devices. Hence, healthcare organizations worldwide are implementing non-invasive technology to reduce the occurrence of infections.
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Growth in Preventive Healthcare Expenditure
Millions of people die annually due to preventable diseases such as diabetes, obesity, and heart failures. According to the Center for Disease Control, 7 out of 10 deaths in the US occur due to chronic diseases such as heart diseases, cancer, diabetes, AIDS, and other morbidities, which are classified as preventable by the medical community. Nearly 50% of the population in the US has been diagnosed with preventable chronic diseases. Thus, preventive healthcare is highly important for the wellbeing of the population, globally. Developed countries such as the US and the UK are thus taking initiatives to improve preventive healthcare expenditure. With the rise in preventive healthcare, consumers are increasingly spending on devices such as wearable smart body sensors and other vital sign measuring devices such as non-contact digital thermometers. The practice for regular checkups at homes is fueling the demand for patient monitoring devices, especially non-contact digital thermometers.
Read: U.S. Electronic Health Records (EHR) Market - Industry Outlook and Forecast 2020-2025
High Demand for Multi-functional Non-contact Thermometers
The growing demand for multifunction thermometers is expected to generate enormous growth opportunities in the market during the forecast period. These thermometers can easily be switched from the in-ear to forehead modes by simply removing or attaching the probe. They provide multi functionalities that can be used as per convenience. In addition, the price of these products is similar to in-ear or forehead thermometers. Thus, consumers often tend to buy products that are providing greater and better features at a similar price range.
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Aarogyaa, Geratherm, Hill-Rom Holdings Inc., Omron Healthcare, and Paul Hartmann are identified as the key vendors in the global non-contact thermometer market.
The complete overview of the latest market research report on the global non-contact thermometer market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges and provides market sizing and forecast for major geographical regions and key countries.
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