Market Forecast By Type (Fixed Infrared Thermometer, Portable Infrared Thermometer), By Component (Optical Components, Electronics, Display and Control Units, Others), By Application (Non-medical, Medical), By End-use (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC4435645 | Publication Date: Aug 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
India Infrared Thermometer market currently, in 2023, has witnessed an HHI of 1399, Which has decreased slightly as compared to the HHI of 1638 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Infrared Thermometer Market |
Forecast period | 2024-2030 |
CAGR | 8.5% |
Growing Sector | Healthcare and Medical Devices |
The India Infrared Thermometer Market report provides a comprehensive evaluation by types, application segments, leading players, and key government initiatives. This detailed report offers stakeholders valuable insights into current and projected market trends, main drivers, high-growth segments, and key challenges, aiding in the formulation of strategic decisions and aligning market strategies with evolving industry dynamics.
The Indian Infrared Thermometer Market is witnessing considerable growth, primarily driven by the rising demand for non-contact temperature measurement tools. The significance of infrared thermometers has heightened in medical and veterinary applications, especially following the COVID-19 pandemic. Key trends include advancements in technology that enhance measurement accuracy and efficiency, as well as the growing awareness regarding health monitoring. Challenges such as price sensitivity among consumers and competition from alternative temperature measuring devices exist, yet the market remains robust, with a projected sustained increase in adoption across various sectors.
According to 6Wresearch, The India Infrared Thermometer Market size is expected to grow at a significant CAGR of 8.1% during the forecast period 2024-2030.
Several factors are contributing to the growth of the India Infrared Thermometer Market. The increasing necessity for quick and hygienic temperature checks in healthcare facilities and public places, along with the rise in healthcare expenditure, acts as a significant driver. Moreover, the technological advancements leading to the development of more accurate and user-friendly devices are propelling market demand. Regulatory support for healthcare protocols reinforces the necessity of infrared thermometers in both medical and veterinary applications. Changing consumer preferences for non-contact devices are also boosting market growth.
Despite the growth, the India Infrared Thermometer Market faces challenges that may hinder its progress. The high cost of advanced infrared thermometers can be a barrier, particularly for smaller healthcare establishments and veterinary clinics. Additionally, the market encounters intense competition from alternatives like conventional thermometers, which may deter consumers seeking cost-effective options. Supply chain disruptions, particularly in the import of high-quality components, present logistical challenges. Furthermore, inconsistent technological standards across different manufacturers may affect product reliability and consumer trust.
Key players in the India Infrared Thermometer Market include prominent companies such as Omron Corporation, Braun, and Fluke Corporation. These organizations are at the forefront of innovation, providing a diverse range of infrared thermometers tailored to meet healthcare and veterinary needs. Their commitment to quality, ongoing product enhancement, and strategic partnerships aid in maintaining a competitive edge within the market.
The Indian government has implemented various initiatives aimed at enhancing healthcare facilities, which indirectly supports the infrared thermometer market. Programs like the Ayushman Bharat scheme, which promotes primary health care accessibility, underscore the importance of accurate health monitoring tools. Furthermore, regulations mandating temperature checks in public spaces during health crises propel the demand for infrared thermometers. Investments in healthcare infrastructure and simplified import regulations for medical devices also contribute positively to the market's growth trajectory.
The India Infrared Thermometer Market is set for significant growth in the coming years, driven by emerging trends in digital healthcare and telemedicine. The increase in remote health monitoring solutions, central to safety and convenience, emphasizes non-contact measurement tools. Potential growth opportunities lie in the development of advanced features, such as wireless connectivity and integration with smartphones and health monitoring systems. However, challenges including the need for continuous product innovation and addressing consumer cost concerns remain prevalent. As technology evolves and demand rises, the market outlook appears bright for stakeholders.
In the India infrared thermometer market, the multifunctional measurement point type is leading the growth. This trend is driven by the versatility multifunctional devices offer, allowing users to switch between various measurement modes such as ear, forehead, and surface temperatures. This flexibility is particularly valuable in diverse settings, from hospitals to schools, where quick and accurate temperature readings are critical for health monitoring and preventive care.
Within applications, the medical segment is experiencing the most rapid expansion in the Indian infrared thermometer market. The increasing focus on healthcare, amplified by the pandemic, has underlined the importance of quick, non-invasive temperature checks in hospitals, clinics, and homes. As health awareness rises, healthcare facilities are investing in advanced infrared thermometers to facilitate effective patient management and to maintain readiness in response to health crises.
Among product types, handheld infrared thermometers are showing significant growth in India. Their portability and user-friendliness make them ideal for a variety of users, from home caregivers to healthcare professionals. The compact design of handheld devices allows for easy access and use in a range of environments, which is driving their widespread adoption across both medical and personal applications.
The report offers a comprehensive study of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Infrared Thermometer Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Infrared Thermometer Market Revenues & Volume, 2020 & 2030F |
3.3 India Infrared Thermometer Market - Industry Life Cycle |
3.4 India Infrared Thermometer Market - Porter's Five Forces |
3.5 India Infrared Thermometer Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 India Infrared Thermometer Market Revenues & Volume Share, By Component, 2020 & 2030F |
3.7 India Infrared Thermometer Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.8 India Infrared Thermometer Market Revenues & Volume Share, By End-use, 2020 & 2030F |
4 India Infrared Thermometer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Infrared Thermometer Market Trends |
6 India Infrared Thermometer Market, By Types |
6.1 India Infrared Thermometer Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Infrared Thermometer Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 India Infrared Thermometer Market Revenues & Volume, By Fixed Infrared Thermometer, 2020 - 2030F |
6.1.4 India Infrared Thermometer Market Revenues & Volume, By Portable Infrared Thermometer, 2020 - 2030F |
6.2 India Infrared Thermometer Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Infrared Thermometer Market Revenues & Volume, By Optical Components, 2020 - 2030F |
6.2.3 India Infrared Thermometer Market Revenues & Volume, By Electronics, 2020 - 2030F |
6.2.4 India Infrared Thermometer Market Revenues & Volume, By Display and Control Units, 2020 - 2030F |
6.2.5 India Infrared Thermometer Market Revenues & Volume, By Others, 2020 - 2030F |
6.3 India Infrared Thermometer Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Infrared Thermometer Market Revenues & Volume, By Non-medical, 2020 - 2030F |
6.3.3 India Infrared Thermometer Market Revenues & Volume, By Medical, 2020 - 2030F |
6.4 India Infrared Thermometer Market, By End-use |
6.4.1 Overview and Analysis |
6.4.2 India Infrared Thermometer Market Revenues & Volume, By Residential, 2020 - 2030F |
6.4.3 India Infrared Thermometer Market Revenues & Volume, By Commercial, 2020 - 2030F |
6.4.4 India Infrared Thermometer Market Revenues & Volume, By Industrial, 2020 - 2030F |
7 India Infrared Thermometer Market Import-Export Trade Statistics |
7.1 India Infrared Thermometer Market Export to Major Countries |
7.2 India Infrared Thermometer Market Imports from Major Countries |
8 India Infrared Thermometer Market Key Performance Indicators |
9 India Infrared Thermometer Market - Opportunity Assessment |
9.1 India Infrared Thermometer Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Infrared Thermometer Market Opportunity Assessment, By Component, 2020 & 2030F |
9.3 India Infrared Thermometer Market Opportunity Assessment, By Application, 2020 & 2030F |
9.4 India Infrared Thermometer Market Opportunity Assessment, By End-use, 2020 & 2030F |
10 India Infrared Thermometer Market - Competitive Landscape |
10.1 India Infrared Thermometer Market Revenue Share, By Companies, 2023 |
10.2 India Infrared Thermometer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |