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The Infrared Thermometers Market is projected to grow by USD 1.05 Billion (2024-2028), driven by rising contagious and chronic diseases, with AI driving market transformation – Technavio

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NEW YORK, Oct. 9, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Infrared Thermometers Market size is estimated to grow by USD 1.05 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 18.05%  during the forecast period. Increasing prevalence of contagious and chronic diseases is driving market growth, with a trend towards increasing demand from airports for passengers screening  However, high cost of infrared thermometers  poses a challenge.Key market players include Baxter International Inc., Bioseb SAS, BPL MEDICAL TECHNOLOGIES Pvt. Ltd., Cardinal Health Inc., Citizen Watch Co. Ltd., Contec Medical Systems Co. Ltd., Exergen Corp., Fluke Corp., Geratherm Medical AG, Helen of Troy Ltd., HORIBA Ltd., Microlife Corp., OMRON Corp., Optris GmbH, Paul Hartmann AG, PCE Holding GmbH, PositiveID Corp., Radiant, Thermo Fisher Scientific Inc., Vesync Co. Ltd, and Vive Health.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Product (Non-contact infrared thermometers and Contact infrared thermometers), Type (Handled thermometer and Fixed-mount thermometer), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

Baxter International Inc., Bioseb SAS, BPL MEDICAL TECHNOLOGIES Pvt. Ltd., Cardinal Health Inc., Citizen Watch Co. Ltd., Contec Medical Systems Co. Ltd., Exergen Corp., Fluke Corp., Geratherm Medical AG, Helen of Troy Ltd., HORIBA Ltd., Microlife Corp., OMRON Corp., Optris GmbH, Paul Hartmann AG, PCE Holding GmbH, PositiveID Corp., Radiant, Thermo Fisher Scientific Inc., Vesync Co. Ltd, and Vive Health

Key Market Trends Fueling Growth

The airline industry is experiencing significant growth due to increasing air passenger traffic. However, this growth brings challenges, including the need to maintain security protocols and minimize capacity constraints. The ongoing COVID-19 pandemic has added a new dimension to airport operations, necessitating stringent hygiene measures. Infrared thermometers have become essential tools in detecting fever, a symptom of COVID-19, among passengers. Airline companies worldwide are implementing their use at checkpoints to prevent disease transmission. This trend is expected to continue, increasing the demand for infrared thermometers in the airport sector during the forecast period. 

The Infrared Thermometers market is witnessing significant growth due to the rising prevalence of infectious diseases such as Malaria and Dengue. Non-contact thermometers are increasingly popular as they offer the convenience of measuring temperature without physical contact. The market caters to various measurement points including ear and forehead, and offers multifunction options for temperature monitoring in healthcare applications. Distribution channels include hospital pharmacies, retail pharmacies, online stores, and medical, veterinary, and dairy protein-based product sectors. With the increasing focus on health safety concerns, the market is expanding into sectors like environmental monitoring, climate change, water bodies, and advanced technologies. Price-sensitive markets and health safety concerns are driving the demand for eco-friendly and energy-efficient products. Smart technologies and digital services are also gaining traction in the eCommerce sector and telemedicine. The market serves various industries including hospitals, clinics, medical facilities, automobile sector, and marine life. Trends like temperature monitoring for fever detection, population health, acute diseases, and healthcare applications continue to fuel market growth. Despite these opportunities, challenges like eye damage from infrared radiation and mercury thermometers’ environmental impact remain concerns. 

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Market Challenges

The global infrared thermometers market is experiencing steady growth, yet its expansion is being hindered by the high cost of these devices, particularly in price-sensitive markets such as developing and emerging economies. Infrared thermometers are preferred by industrial users due to their accuracy and wide temperature measurement range. However, their high price point, which ranges from USD300 to USD1,100, limits their adoption in developing countries. In contrast, liquid-filled thermometers, priced between USD1 and USD15, are widely used in healthcare settings in these markets. The price difference between the two types of thermometers is significant, making infrared thermometers a less viable option for budget-conscious consumers. This price disparity may negatively impact the growth of the infrared thermometers market during the forecast period.The Infrared Thermometers market is experiencing significant growth due to increasing demand for non-contact temperature measurement solutions in various sectors. Ear and forehead thermometers remain popular in healthcare applications, particularly for fever detection in hospitals, clinics, and medical facilities. However, challenges exist in acute disease outbreaks, where temperature monitoring becomes crucial. Beyond healthcare, infrared thermometers find applications in environmental monitoring, energy efficiency, automobile sector, and even crowd screening. Advanced technologies like smart sensors and eco-friendly digital services are driving market expansion. Price-sensitive markets require cost-effective solutions, while health safety concerns necessitate eye damage protection and adherence to regulations. Infrared thermometers are used for temperature measurement in various industries, including land temperature monitoring for climate change studies, water bodies, and even industrial processes like bearing cap temperatures, motor winding temperatures, and process piping temperatures. However, challenges persist in accuracy issues, especially when compared to mercury thermometers. Vibration instruments and other non-infrared temperature measuring devices also pose competition. Market growth is further influenced by trends like telemedicine, eCommerce sector, and marine life temperature monitoring.

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Segment Overview 

This infrared thermometers market report extensively covers market segmentation by

Product 1.1 Non-contact infrared thermometers1.2 Contact infrared thermometersType 2.1 Handled thermometer2.2 Fixed-mount thermometerGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Non-contact infrared thermometers-  The non-contact segment of the global infrared thermometers market is currently leading, projected to expand significantly during the forecast period. These thermometers, which analyze temperature through electromagnetic radiation without physical contact, are widely used in various sectors. In industries such as process, electrical, food and beverage, agriculture, and mechanical, non-contact infrared thermometers are preferred for their ability to provide fast spot temperature analysis and suitability for applications where contact thermometers are not easily applicable. In the healthcare sector, the demand for non-contact infrared thermometers is particularly high due to their contactless feature, which is crucial in preventing the transmission of contagious diseases like COVID-19, Ebola, and influenza. Additionally, non-contact infrared thermometers are used in the production of glass syringes and sterilization of glass bottles. The increasing prevalence of contagious diseases and the need for temperature checks to combat their spread are driving the growth of the global infrared thermometers market.

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Research Analysis

The Infrared Thermometers market is witnessing significant growth due to the increasing prevalence of infectious diseases such as malaria and dengue. These thermometers, which use advanced infrared technology to measure body temperature without physical contact, have gained popularity in various sectors. They are widely used in medical and veterinary applications, as well as for measuring the temperature of dairy protein-based products and water bodies. Infrared Thermometers come in various forms, including ear, forehead, and multifunction models. Distribution channels include hospital pharmacies, retail pharmacies, and online stores. The market is driven by factors such as energy efficiency, automobile sector demands, price-sensitive markets, and health safety concerns. However, there are concerns about eye damage from prolonged use and the need for smart technologies and eco-friendly products to mitigate these risks. Advanced technologies like energy efficiency and smart features are also key trends in the market.

Market Research Overview

The Infrared Thermometers market encompasses a wide range of applications, primarily in the healthcare sector for measuring body temperature in the diagnosis and monitoring of infectious diseases such as malaria and dengue. These non-contact thermometers can be used at measurement points on the ear or forehead, offering convenience and hygiene benefits. The market also caters to multifunction thermometers for various temperature monitoring needs. Distribution channels include hospital pharmacies, retail pharmacies, online stores, medical, veterinary, and dairy protein-based product industries. In healthcare applications, hospitals, clinics, and medical facilities utilize infrared thermometers for fever detection and patient care. The market extends to environmental monitoring, measuring land temperature, climate change, water bodies, and advanced technologies for energy efficiency and automobile sectors. Price-sensitive markets, health safety concerns, and eco-friendly products influence market growth. However, potential issues like accuracy and eye damage from prolonged use necessitate the development of smart technologies and digital services in the eCommerce sector and telemedicine. The market also caters to temperature monitoring in various industries, including marine life, sensors, mercury thermometers, vibration instruments, bearing cap temperatures, motor winding temperatures, and process piping temperatures. Crowd screening is another application, ensuring health safety at large events.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductNon-contact Infrared ThermometersContact Infrared ThermometersTypeHandled ThermometerFixed-mount ThermometerGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Arf Earns Third Consecutive PAY360 Award for Pioneering Innovation in Global Payments

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October 10, 2024

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ZUG, Switzerland, Oct. 10, 2024 /PRNewswire/ — Arf, a leading global liquidity platform for licensed financial institutions, has been honored with a Silver at the 2024 PAY360 Awards for the “Best Use of Digital Currencies/Assets in Financial Services” category.

Organized on October 2nd in London by The Payment Association, the PAY360 Awards celebrate companies that push technological boundaries in the payments industry. Arf’s Silver Award highlights its pioneering efforts to leverage blockchain technology and digital assets to create real-time, on-chain liquidity solutions, driving efficiency and transparency in cross-border payments.

This award reflects Arf’s mission to solve global liquidity challenges with compliant, scalable solutions and empower financial institutions with instant and secure access to liquidity. Earlier this year, Arf merged with Huma Finance, integrating its liquidity solutions into Huma’s PayFi network. This merger has accelerated growth, with Arf’s on-chain liquidity volume surpassing $2 billion and loan volume exceeding $1 billion, further expanding its impact in transforming the global payments landscape.

Ali Erhat Nalbant, Co-founder & CEO of Arf, expressed his contentment with the following statements:

“This award highlights Arf’s role in addressing the limitations of traditional fiat systems with our blockchain-powered liquidity solutions. Where fiat struggles with speed and transparency, Arf’s on-chain liquidity provides instant, real-time settlements that empower financial institutions to operate globally without the inefficiencies of legacy systems. Our vision is to bridge the gap between digital assets and traditional finance, creating a seamless, more inclusive financial ecosystem for institutions across the world.”

The 17th PAY360 Awards, hosted by The Payment Association, honor excellence in categories such as Best Consumer Payments Programme, Best Lending Initiative, and Best Open Banking Initiative. This is Arf’s 3rd consecutive award at the PAY360 Awards. Two years ago, Arf won a Silver Award in the “Best Use of Crypto and/or Blockchain in Financial Services” category, and last year, Arf won in the “Best Lending Initiative” category. This year’s recognition further solidifies Arf’s reputation as a leader in leveraging digital assets to tackle complex financial challenges and drive innovation in cross-border payments.

About Arf

Arf, a regulated financial institution based in Switzerland, is a global transaction services platform that provides scalable on-chain settlement liquidity for global payments.

 

 

View original content:https://www.prnewswire.com/apac/news-releases/arf-earns-third-consecutive-pay360-award-for-pioneering-innovation-in-global-payments-302271735.html

SOURCE Arf

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New Waters Discovery Core Rheometer Brings the Power of Rheology to Routine Quality Control Testing

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51 mins ago

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October 10, 2024

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News Summary:

Easy-to-use, compact analyzer makes rheological insights more accessible to quality testing laboratories and material production facilities in batteries, pharmaceuticals, food, consumer goods, and other industries.Powered by RheoGuide™ Software, a streamlined, modern touchscreen user interface with built-in self-guided methods, workflows, and training applications to simplify rheological testing for all users.Superior analytical performance at an affordable price, with up to 2x better torque sensitivityi of comparable rheometers on the market.

DETROIT, Oct. 10, 2024 /PRNewswire/ — The Battery Show — Waters Corporation (NYSE:WAT) today introduced the TA Instruments™ Discovery Core Rheometer, a streamlined, modern rheometer designed for routine manufacturing quality control and assurance laboratories. The new analyzer can handle multiple material types such as battery slurries, printing inks, food, and personal care products and it features an easy-to-use touchscreen interface with self-guided training, methods, and applications for all levels of rheology users.

The Discovery™ Core Rheometer expands the company’s industry-leading rheology portfolio, providing superior performance at an affordable price over commercial viscometers and other similarly appointed rheometers, delivering up to 2x lower torque sensitivity. The compact instrument requires half the bench space of comparable modular rheometersii and owes its smaller size to the use of self-contained temperature control and electronics.

“Waters has long been a leader in high-performance rheometers, delivering superior results that inspire better decision-making. With the Discovery Core Rheometer, we’re making world-class rheological testing available to a wider number of testing labs that screen products for consistent behavior and quality,” said Jianqing Bennett, Waters Corporation Senior Vice President of the TA Instruments Division. “Designed specifically for at/in-line manufacturing quality control testing, this streamlined, modern rheometer will allow better assessment of battery electrode slurry batch performance, helping to improve overall battery outcomes while reducing waste and production costs.”

“Rheology profiling delivers a wealth of material insights beyond viscosity measurements. Rheology’s dynamic, oscillatory measurements and controlled stress profiling approaches are becoming mainstream as their value to formulators, process developers, and quality controllers becomes more apparent,” said Neil Cunningham, Founder and CEO, Centre for Industrial Rheology. “The Discovery Core Rheometer serves a significant unmet need in the marketplace for a high-performance rheometer in an accessible package, bringing the benefits of rheology and viscosity measurements to a whole new audience.”

The instrument comes equipped with the new RheoGuide™ Software user interface (UI), designed for immediate walk-up use. This UI provides self-guided training applications and pre-defined methods coupled with on-screen alerts and indicators for easier sample set-up, faster, real-time data analysis, and improved operator safety. The Discovery Core Rheometer shares methods and raw data file formats with other Discovery Hybrid Rheometers through TA Instruments TRIOS™ Software, enabling consistent measurements and data review from R&D to production.

The Discovery Core Rheometer is orderable today, with worldwide availability in Q1 2025.

Additional Resources

Learn more https://www.tainstruments.com/discovery-core-rheometerVisit us at Booth 6639 at The Battery Show Oct. 7-10, 2024, in DetroitFollow and connect with the Waters TA Instruments Division via LinkedIn, Twitter/X, and Facebook

About Waters Corporation (www.waters.com)

Waters Corporation (NYSE:WAT), a global leader in analytical instruments and software, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, food, and environmental sciences for more than 65 years. With approximately 7,500 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, and with products available in more than 100 countries.

TA Instruments, Discovery, TRIOS, and RheoGuide are trademarks of Waters Technologies Corporation.

Contact:

Laura Borland
Director, TA Instruments Business Communications
Waters Corporation
laura_borland@waters.com
+1.302.367.6958

i Discovery Core Rheometer has a minimum torque in oscillation (viscoelasticity) of 0.5 microN.m and a minimum torque in flow (viscosity) of 0.5 microN.m.

ii Includes industry-leading viscometers and rheometers with temperature control capabilities requiring liquid circulation.

 

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SOURCE Waters Corporation

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Ricoh Recognised as a Leader in Print Security by Quocirca for 2024

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October 10, 2024

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TOKYO, Oct. 10, 2024 /PRNewswire/ — Ricoh has once again been named a leader in the print security market, according to the latest Print Security Landscape 2024 report from Quocirca, a leading market research and insight firm. The report highlights Ricoh’s commitment to providing comprehensive, security-focused solutions to safeguard customers against the evolving threat landscape.

As more organisations shift to hybrid working models, the need for enhanced print security has become increasingly critical. Quocirca’s research shows that 67% of organisations experienced a data loss due to insecure printing practices in the past year. Against this backdrop, Ricoh’s robust portfolio of secure print services and solutions, including the flagship IM C Series A3 multifunction printers, are instrumental in protecting the data of businesses of all sizes, further solidifying Ricoh’s position as an industry leader.

Proactive Security for the Modern Workplace

Ricoh’s recognition by Quocirca reflects its proactive approach to security, integrating hardware, software, and services into a comprehensive defence strategy. As hybrid working blurs the boundaries of traditional office environments, Ricoh’s solutions address the complexities of securing both office and remote location printing environments.

“Ricoh is dedicated to helping organisations safeguard their data and infrastructure,” said Kei Uesugi, Managing Director of Ricoh Asia-Pacific. “Being named a leader in print security by Quocirca once again underscores our commitment to ensuring that businesses can operate securely, wherever their people are working.”

Key Strengths That Set Ricoh Apart

The Print Security Landscape 2024 report highlights several key strengths of Ricoh’s security offerings, including its multi-layered approach to print and document management security. Ricoh’s portfolio addresses critical areas such as device and data security, compliance with global standards, and zero-trust architecture.

Presence in approximately 200 countries and territories around the world.Significant and comprehensive security-led offerings across the hardware and solutions portfolio.Mature IT services provide a depth of security understanding.

Tailored Solutions for a Changing Landscape

With cyber risks on the rise, Ricoh has developed secure print services to meet the diverse needs of its global customer base.

The report specifically highlights Ricoh’s Cloudstream and Streamline NX print management solutions for features such as automatic updates, advanced monitoring and reporting, policy enforcement, and remediation.

Read an Excerpt of the Report:
Quocirca Print Security Landscape 2024 Excerpt

-Ends-

| About Ricoh |

Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support the digital transformation of workplaces, workspaces and optimise business performance.

Headquartered in Tokyo, Ricoh’s global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organisational capabilities nurtured over its 85-year history. In the financial year ended March 2024, Ricoh Group had worldwide sales of 2,348 billion yen (approx. 15.5 billion USD).

It is Ricoh’s mission and vision to empower individuals to find ‘Fulfillment through Work’ by understanding and transforming how people work so we can unleash their potential and creativity to realise a sustainable future.

For further information, please visit www.ricoh.com

###

© 2024 RICOH ASIA PACIFIC PTE LTD. All rights reserved. All referenced product names are the trademarks of their respective companies.

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SOURCE Ricoh Asia Pacific Pte Ltd

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