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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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SOURCE Technavio

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Turing AI Fellow Jeff Dalton Joins Valence as Head of AI and Chief Scientist

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October 10, 2024

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Jeff Dalton has authored 100+ AI research papers and spent 20 years making search and assistants smarter. Now, he is joining Valence to oversee development of their AI-powered leadership coach—building deeper memory and context for hyper-personalized support that democratizes learning and development.

NEW YORK, Oct. 9, 2024 /PRNewswire-PRWeb/ — Valence, creator of the most widely deployed AI leadership coach for enterprise, today announced the appointment of Dr. Jeff Dalton as Head of AI and Chief Scientist. Jeff will lead ongoing development of Valence’s AI coach Nadia, which is already deployed in dozens of Fortune 500 companies and used by tens of thousands of corporate leaders.

“If we do this right, Nadia will evolve into a personalized AI coach that you can’t work without.”

There are just a handful of people in the world with as much experience as Jeff when it comes to building conversational AI for complex problems. He is the author of more than 100 research papers and holds multiple patents in search, natural language understanding, and question answering. He played a key role on the Knowledge Discovery and Assistant teams at Google, developing language understanding capabilities for the Google Assistant and building next-generation knowledge graphs for Google search. At the University of Glasgow, he led the TREC Conversational Assistance Track (CAsT), which, in partnership with the US National Institute of Standards and Technology, created one of the world’s first benchmarks of conversational search quality.

Today, Jeff holds a UKRI Turing AI Acceleration Fellowship on Neural Conversational Assistants and has received research awards from Google, Amazon, and Bloomberg. He is an Associate Professor in AI at the University of Edinburgh in the School of Informatics, where he leads the Generalized Representation and Information Learning Lab (GRILL).

“The conversational agents we have today aren’t really personal and don’t really adapt to us over the long term,” Jeff explained. “LLMs are amazing technology, but still largely used for simple tasks like writing email or Q&A. How do we create next-generation AI agents that know us well enough to proactively help us with all of our tasks?”

Context is critical, and it’s what sets Valence’s Nadia apart as the only high-context AI work coach. Nadia has extensive context about each employee and the company and uses that to tailor expert guidance to individual employees and situations. At Valence, Jeff will lead development with a focus on building even deeper context and stronger memory for Nadia.

“What I love about Jeff’s background is that his experience is very practical. It’s about taking the research and delivering something valuable for users both immediately and for years down the road. Everyone deserves a great coach, and Jeff will help us deliver personalized, AI-powered support and guidance that creates better leaders and better companies,” said Valence CEO Parker Mitchell.

“Where are you in your career? Where do you want to get to next? What career skills have you learned recently? Context like this will allow Valence’s AI coach to learn about you with each interaction, become a seamless part of workflows, and provide world-class guidance that helps leaders grow. If we do this right, Nadia will evolve into a personalized AI coach that you can’t work without,” said Jeff.

ABOUT VALENCE

Valence is on a mission to unlock human potential across the entire workforce of any organization. Founded in 2018, the company began by offering software to support managers to improve team performance and help teams work better together. In 2022, Valence recognized the potential of LLMs to unlock the ultimate goal of personalized support at scale. They began offering an AI-powered leadership coach that provides individuals with guidance and support unique to their needs, and is affordable enough to scale to every single employee.

Two years on, Valence’s AI coach, Nadia, is the most widely deployed AI leadership coach for enterprise. Nadia integrates seamlessly with company values and leadership frameworks and builds context about each individual employee for personalized learning and development at scale for every career stage. It is technology that puts the world’s best executive coach in the pocket of every leader, manager, and employee.

The company raised its Series A in May 2022, led by Insight Partners.

Media Contact

Kira Luscher, Valence, 1 4154072994, kira@valence.co, https://www.valence.co/

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SOURCE Valence

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Hyundai Motor Celebrates Production Milestone of 100 Million Vehicles with ‘One step further’ Exhibition

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October 10, 2024

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Exhibition showcases driving forces behind achieving global production of 100 million vehicles and thanks customers for their unwavering supportJourney begins with first model ‘Cortina Mark 2’ and the Pony, Hyundai Motor’s first independently developed modelThree iconic models ‒ SONATA, ELANTRA and Scoupe – highlight Hyundai’s drive to go ‘one step further’ in design, production and engineeringModern SUV and EV lineups reinforce Hyundai Motor’s transformation from traditional automaker to smart mobility solutions provider

SEOUL, South Korea, Oct. 9, 2024 /CNW/ — Hyundai Motor Company is marking its historic achievement of producing 100 million vehicles worldwide with the grand opening of its ‘One step further’ exhibition at Hyundai Motorstudio Seoul. The exhibition showcases the driving forces behind the 100-million-unit production milestone and conveys Hyundai’s gratitude to those customers who have been part of the journey.

This exhibition is a continuation of the 100 million production celebration held at Hyundai Motor’s Ulsan Plant on September 30. At that event, the company delivered the 100 million and first vehicle, an IONIQ 5, to its new owner, representing the brand’s gratitude to its customers for their unwavering support.

“It takes thousands of parts and pieces to build a car, with combined efforts of millions of people involved in R&D, design and manufacturing over many years,” said Sungwon Jee, Senior Vice President and Global Chief Marketing Officer at Hyundai Motor Company. “We wanted to shed light on these behind-the-scenes efforts that went into producing 100 million vehicles and tell the story of Hyundai Motor’s transformation from a traditional automaker to a leading smart mobility solutions provider.”

Spanning five floors, the exhibition begins on the first floor by introducing the Cortina Mark 2, Hyundai Motor’s first production model; and the Pony, Hyundai Motor’s first independently developed model. The exhibition continues on the second floor where the history of major Hyundai Motor plants is showcased.

The third floor highlights key drivers in achieving the 100 million production milestone, focusing on three iconic models: the first-generation SONATA, the first-generation ELANTRA and Scoupe.

The fourth and fifth floors feature the brand’s modern SUV lineup – SANTA FE, KONA and INSTER; and electric vehicle (EV) lineup – IONIQ 5, IONIQ 5 N and IONIQ 6, looking ahead to Hyundai Motor’s future as it moves forward from a traditional automaker to a smart mobility solutions provider.

Visit Hyundai Newsroom for more information

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SOURCE Hyundai Motor Company

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Acer Medical: VeriOsteo OP Obtains Medical Device Approval from Indonesia’s Ministry of Health

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October 10, 2024

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TAIPEI, Oct. 10, 2024 /PRNewswire/ — Acer Medical announced that its AI-assisted bone mineral density abnormalities screening software, VeriOsteo OP, has obtained a medical device certificate from Indonesia’s Ministry of Health. This marks the second product to receive registration approval, following the certification of the VeriSee DR, an AI-assisted diagnostic solution for diabetic retinopathy VeriSee DR.

VeriOsteo OP analyzes bone mineral density (BMD) through X-ray images, calculates the bone mineral density (BMD) and to predict T-score and assists doctors in assessing potential BMD abnormalities. The software offers both medical professionals and patients with quick results and appropriate treatment options.

Indonesia has a population of more than 200 million, making it the fourth-largest country in the world. Their elderly population of approximately 16 million is susceptible to abnormal bone density. Due to low awareness of the disease, many forego or delay seeking medical treatment, missing the critical period for early intervention.

Acer Medical, a subsidiary of the Acer Group, specializes in leveraging artificial intelligence (AI) and software development to produce medical imaging devices for early and preventive disease detection. The company is dedicated to developing smart medical software and hardware solutions based on AI-driven medical imaging technologies to enhance the diagnostic process. To date, Acer Medical’s AI medical imaging products have obtained 12 medical device certifications in Taiwan and have been successfully implemented in over 300 medical institutions.

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SOURCE Acer Medical Inc.; Acer

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