Body Temperature Scanner Market: Current Analysis and Forecast (2020-2026)

Report Description

Global Body temperature scanner device market was valued at US$ 607.6 million in 2019 and is anticipated to witness very high growth in 2020 due to the COVID-19 outbreak and would reach a market size of US$ 2,420.7 million by the end of 2020. Further, the market is expected to witness a CAGR growth of 8.77% during the 2021-2026 period. Body Temperature Scanner Devices are majorly utilized for keeping a check on elevated body temperature, as it can be a result of several indications such as fever and other infectious diseases. They can be used in hospitals, clinics as well as home settings easily. However, the outbreak of several infectious diseases such as Severe Acute Respiratory Syndrome (SARS), 2003; Middle East Respiratory Syndrome Coronavirus (MERS-CoV), 2015 and Ebola, 2018 has further increased the adoption of body temperature scanner devices. The outbreak of COVID-19 has led to an exponential rise in the affected individuals. Elevated body temperature is one of the major symptoms of the disease. To restrict the further proliferation of the diseases, the body temperature of the individual is being checked before going inside the grocery shops or even offices. Several drones were also designed to monitor the body temperature of the people in the market side or public places.

Strengths & Weaknesses of Different Body Temperature Measurement Solutions

Several players have also incorporated Artificial Intelligence (AI) in the cameras. The infrared sensor measures the body temperature and provides immediate, on premise feedback through an announced message. Real-time temperature data is collected 24X7 using the Internet of Things (IoT) based software and application. Body temperature detection cameras are hitting the market and are certainly the fastest-growing segment in the security industry currently. 3M Company, Briggs Healthcare, Danaher Corporation, Exergen Corporation, LivaNova, Fukuda Denshi Co., Ltd., GE Healthcare, HARTMANN, Omron Corporation and Welch Allyn (Hill Rom) are some of the prominent players operating in the global body temperature scanner market. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst Product segment, Digital Thermometer dominated the market in 2019, accounting for 35.6% share. Demand for Digital Thermometer has suddenly skyrocketed due to sudden outbreak of COVID-19 disease in 2020”

Based on the Product, the global Body temperature scanner device market is segmented into a digital thermometer, infrared thermometer, temperature trend indicators, mercury thermometer, thermal scanners, others. Mercury and the digital thermometer has been traditionally used by people for checking body temperature during fever. Thermal Scanners generated revenue of US$ 184.4 million in 2019. However, an Infrared thermometer is expected to witness the highest CAGR growth of 10.99% during the analyzed period. Thermal scanners are gaining popularity as these can detect the temperature without any contact with the person.

“Amongst Application, Oral Cavity segment dominated the market, generating revenue of US$ 236.3 million in 2019”

Based on the application, the global Body temperature scanner device market is segmented into an oral cavity, rectum and other applications. Temperature is conventionally measured by inserting the tip of the mercury or digital thermometer in the oral cavity of adults. Whereas, the thermometer is inserted inside rectum for measuring the infant’s body temperature. However, the COVID-19 outbreak has increased the demand for handheld temperature scanners for the contactless measurement.

“Amongst End-User, Hospitals are the main adopter, accounting for 40.2% share in 2019”

Based on End-User, the global Body temperature scanner device market is segmented into Hospitals, clinics & diagnostics centers, home & office settings are some of the major end-users. Demand for Body Temperature Scanner Devices is highest in the hospitals for monitoring fever. However, in the current scenario temperature is also being checked while entering the grocery shops or manufacturing facilities to keep a check on the COVID-19 affected individuals.

Body Temperature Scanner Market Size by End-User, Global 2019 & 2026 (US$ Million)

“North America dominated the global body temperature scanner device market in 2019, accounting for 36.6% share. US is the most affected country from COVID-19 outbreak, hence accounts for major share”

For a better understanding on the market of Body Temperature Scanner Devices, a detailed analysis was conducted for different regions and country including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, and Australia, Rest of Asia-Pacific) and Rest of the world. US is on the most affected COVID-19 country, is expected to register the highest demand for body temperature scanner in 2020. However, the device is expected to witness high demand from the industrial establishment in other parts of the world, as most region plans to reopen their economy from months of lockdown.

Competitive Landscape

3M Company, Briggs Healthcare, Danaher Corporation, Exergen Corporation, LivaNova, Fukuda Denshi Co., Ltd., GE Healthcare, HARTMANN, Omron Corporation and Welch Allyn (Hill Rom) are some of the prominent players operating in the global body temperature scanner market. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with more efficient and innovative products.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

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Research Methodology

Analyzing the historical availability, estimation of the current demand and forecasting the future demand of Body Temperature Scanner Devices due to the sudden breakdown of COVID-19 in the most affected countries around the world were the three major steps undertaken to create and analyze the availability and demand of Body Temperature Scanner Devices. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current demand. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted; with healthcare experts and other industry experts across the value chain of the medical device sector. Post assumption and validation of the market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size of Body Temperature Scanner Devices. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the availability of Body Temperature Scanner Devices across the COVID-19 most affected region through various sources such as company financial statements, press releases, trade journals, news & articles, government publications, competitors publications, research surveys, third-party database and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the overall market, a detailed secondary analysis was conducted to gather historical market insights and share for different segments and sub-segments of the body temperature scanner devices at the global level. The major segments included in the report are product type, application, end-user and country.

Step 3: Factor Analysis:

After acquiring the historical market size of major segments detailed factor analysis was conducted to estimate the current market of the global Body Temperature Scanner Devices. Factor analysis was conducted using dependent and independent variables such as the rising cases of COVID-19 across the globe, the prevalence of infectious diseases, the growing number of blood transfusion procedures, etc. Historical trends of the global Body Temperature Scanner Devices and their year-on-year impact on the market size and share in the recent past were analyzed. The demand and supply-side scenario were also thoroughly studied.

Current Market Size Estimate & Forecast

Current Demand Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in the markets, market shares of these players and the industry’s supply chain. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market drivers, restraints, trends and opportunities available for stakeholders in the industry. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast to 2026 for different segments. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value and rate of adoption of Body Temperature Scanner Devices globally
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in major applications and markets as well as the market share of each player. Also, the growth strategies adopted by these players to compete in the ever-growing global Body Temperature Scanner Devices Market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including top medical professionals, research experts from major universities, health institutes, top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall demand estimation and to arrive at precise statistical numbers for each studied regions.

Main objective of the Global Body Temperature Scanner Devices Market Study

The current & future Body Temperature Scanner Devices demand trends were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future demand trends were determined the overall attractiveness of the market at a regional and country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and demand forecast of Body Temperature Scanner Devices due to COVID-19 outbreak
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors about the industry
• The major region studied in the report include North America (the U.S and Canada), Europe (Germany, France, Spain, Italy, and United Kingdom), Asia-Pacific (China, Japan, India and Australia) and rest of the world
• Define and analyze the competitive landscape of the Body Temperature Scanner Devices Market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Consumer viewpoint while opting for cleaning products
• Define and analyze the government regulations for Body Temperature Scanner Devices in major markets