Non-Contact Infrared Thermometers Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global non-contact infrared thermometers market as it emerges from the COVID-19 shut down.
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Description:
Where is the largest and fastest growing market for the non-contact infrared thermometers market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global non-contact infrared thermometers market opportunities and strategies to 2030 report answers all these questions and many more.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, segmentation by type of insurance, and by application.
- Market Characteristics - The market characteristics section of the report defines and explains the non-contact infrared thermometers therapeutics market. This chapter also defines and describes goods and related services covered in the report.
- Trends and Strategies - This chapter describes the major trends shaping the global non-contact infrared thermometers therapeutics market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact Of COVID-19 - This chapter discusses the impact of COVID-19 on the non-contact infrared thermometers therapeutics market.
- Global Market Size and Growth - This section contains the global historic (2015-2020) and forecast (2019-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
- Regional Market Size and Growth - This section contains the region’s market size (2020), historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global non-contact infrared thermometers therapeutics market, estimated market shares and company profiles for the leading players.
- Key Mergers and Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions and Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for non-contact infrared thermometers companies in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Type: Forehead; Ear and Multifunction
2) By Application: Veterinary and Medical
Companies Mentioned: Helen of Troy Limited; Easywell Biomedical; Omron Healthcare, Inc.; Paul Hartmann; Microlife Corporation
Countries: China; India; Japan; Australia; Indonesia; South Korea; United States; Brazil; UK; Germany; France; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Table of Contents
Executive Summary
The non-contact infrared thermometers market consists of sales of non-contact infrared thermometers by entities (organizations, sole traders, and partnerships) that develop and manufacture these thermometers to measure temperature. A non-contact infrared thermometer is a thermometer that utilizes infrared technology to measure the thermal radiation of an animal or person without the need for any physical contact.
The global non-contact infrared thermometers market reached a value of nearly $17.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 13.1% since 2015. The market is expected to decline from $17.8 million in 2020 to $16.6 million in 2025 at a rate of -1.5%. The market is then expected to grow at a CAGR of 4.7% from 2025 and reach $20.9 million in 2030.
Growth in the historic period resulted from the impact of coronavirus, emerging markets growth, increased prevalence of infectious diseases, increased disease prevalence amongst animals, rise in healthcare expenditure and increased geriatric population.
Going forward, rise in online pharmacies, e-Commerce and growing affordability of non-contact infrared thermometers and technological advances will drive the growth. Factors that could hinder the growth of the non-contact infrared thermometers market in the future include shortage of non-contact infrared thermometers, counterfeit products and studies questioning the use of non-contact infrared thermometers for COVID screening.
The non-contact infrared thermometers market is segmented by product type into forehead, ear and multifunction. The forehead market was the largest segment of the non-contact infrared thermometers market segmented by product type, accounting for 62.1% of the total in 2020. Going forward, the ear segment is expected to be the slowest declining segment in the non-contact infrared thermometers market segmented by product type, at a CAGR of -1.3% during 2020-2025.
The non-contact infrared thermometers market is also segmented by application into medical and veterinary. The medical market was the largest segment of the non-contact infrared thermometers market segmented by application, accounting for 96.1% of the total in 2020. Going forward, the veterinary segment is expected to be the fastest growing segment in the non-contact infrared thermometers market segmented by application type, at a CAGR of 1.1% during 2020-2025.
North America was the largest region in the global non-contact infrared thermometers market, accounting for 33.3% of the total in 2020. It was followed by Asia Pacific, and Western Europe then the other regions. Going forward, the fastest-growing region in the non-contact infrared thermometers market will be the Asia Pacific, where growth will be at CAGR of 1.6%.
The unprecedented outbreak of coronavirus has caused a surge in demand for non-contact infrared thermometers that were previously used by medical professionals sporadically to help protect them from contracting a disease, have now become extremely common place. As the infection has spread globally at an unprecedented rate, so too has the demand for the non-contact infrared thermometers which help protect medical professionals and allow them to continue in their efforts to fight the virus.
The non-contact infrared thermometers market is highly concentrated, with a small number of large players operating in the market. The top 10 companies in the market occupied 89.7% of market share in the global non-contact infrared thermometers market. The market is highly competitive. Companies in the market face completion from new product developments and technological advances. The key players in the industry are investing in launching new products, acquisition of other companies and adopting new technologies to increase the operational efficiency of non-contact infrared thermometers. Major players in the market include Helen of Troy Limited, Easywell Biomedical, Omron Healthcare, Inc., Paul Hartmann, Microlife Corporation, American Diagnostic Corporation, Beurer, Exergen, Vivehealth and Contec Medical Systems Co.
The top opportunities in the non-contact infrared thermometers market segmented by product type will arise in the ear segment, having least negative gain $0.2 million of global annual sales by 2025. The top opportunities in segment by application will arise in the veterinary segment, which will gain $0.04 million of global annual sales by 2025. The non-contact infrared thermometers market size will gain the most in China at $0.55 million.
Market-trend-based strategies for the non-contact infrared thermometers market include focusing on integrating Bluetooth functionality to give better understanding of the location of cluster cases having temperature, collaborating with the government to quickly increase production and to grow customer base and listing products on online channels for an increase in sales and revenues.
Player-adopted strategies in the non-contact infrared thermometers market include introducing new non-contact infrared thermometers, providing high quality thermometers to the customers complete with quality checks, providing quality and best service to consumers through service and pick-up centers, expansion and development of its product portfolio through acquisition and expansion and development of product portfolio through collaborations.
To take advantage of the opportunities, the publisher recommends the non-contact infrared thermometers companies to focus on producing Bluetooth based thermometers, indulge in strategic acquisitions and product portfolio development, provide competitively priced offerings, expand in emerging markets, set up authorized distributors and sales representatives, leverage e-commerce to maximize reach and revenues, increase adoption of the internet and social media, use direct-to-consumer (DTC) advertising, target people trying to combat the spread of infectious diseases and collaborate with healthcare centers.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Helen of Troy Limited
- Easywell Biomedical
- Omron Healthcare, Inc.
- Paul Hartmann
- Microlife Corporation
Methodology
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