| Product Code: ETC5554943 | Publication Date: Nov 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Panama Infrared Thermometer Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 11.87% in 2027, following an initial rate of 9.74%, before easing to 6.64% at the end of the period.

By 2027, Panama's Infrared Thermometer market is forecasted to achieve a high growth rate of 11.87%, with Brazil leading the Latin America region, followed by Mexico, Argentina, Colombia and Chile.

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 Panama Infrared Thermometer Market Overview |
3.1 Panama Country Macro Economic Indicators |
3.2 Panama Infrared Thermometer Market Revenues & Volume, 2021 & 2031F |
3.3 Panama Infrared Thermometer Market - Industry Life Cycle |
3.4 Panama Infrared Thermometer Market - Porter's Five Forces |
3.5 Panama Infrared Thermometer Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Panama Infrared Thermometer Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Panama Infrared Thermometer Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Panama Infrared Thermometer Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Panama Infrared Thermometer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of non-contact temperature measurement tools |
4.2.2 Growing demand for infrared thermometers in healthcare facilities and industrial settings |
4.2.3 Technological advancements leading to improved accuracy and efficiency of infrared thermometers |
4.3 Market Restraints |
4.3.1 Price sensitivity among consumers in Panama |
4.3.2 Lack of standardization and regulations in the infrared thermometer market |
4.3.3 Competition from alternative temperature measurement devices |
5 Panama Infrared Thermometer Market Trends |
6 Panama Infrared Thermometer Market Segmentations |
6.1 Panama Infrared Thermometer Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Panama Infrared Thermometer Market Revenues & Volume, By Fixed Infrared Thermometer, 2021-2031F | 6.1.4 Panama Infrared Thermometer Market Revenues & Volume, By Portable Infrared Thermometer, 2021-2031F |
6.2 Panama Infrared Thermometer Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Panama Infrared Thermometer Market Revenues & Volume, By Optical Components, 2021-2031F |
6.2.3 Panama Infrared Thermometer Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.4 Panama Infrared Thermometer Market Revenues & Volume, By Display and Control Units, 2021-2031F |
6.2.5 Panama Infrared Thermometer Market Revenues & Volume, By Others, 2021-2031F |
6.3 Panama Infrared Thermometer Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Panama Infrared Thermometer Market Revenues & Volume, By Non-medical, 2021-2031F |
6.3.3 Panama Infrared Thermometer Market Revenues & Volume, By Medical, 2021-2031F |
6.4 Panama Infrared Thermometer Market, By End-use |
6.4.1 Overview and Analysis |
6.4.2 Panama Infrared Thermometer Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Panama Infrared Thermometer Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Panama Infrared Thermometer Market Revenues & Volume, By Industrial, 2021-2031F |
7 Panama Infrared Thermometer Market Import-Export Trade Statistics |
7.1 Panama Infrared Thermometer Market Export to Major Countries |
7.2 Panama Infrared Thermometer Market Imports from Major Countries |
8 Panama Infrared Thermometer Market Key Performance Indicators |
8.1 Adoption rate of infrared thermometers in healthcare facilities and industrial sectors |
8.2 Number of new entrants or competitors in the Panama infrared thermometer market |
8.3 Rate of technological innovation and product development in the infrared thermometer industry |
9 Panama Infrared Thermometer Market - Opportunity Assessment |
9.1 Panama Infrared Thermometer Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Panama Infrared Thermometer Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Panama Infrared Thermometer Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Panama Infrared Thermometer Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Panama Infrared Thermometer Market - Competitive Landscape |
10.1 Panama Infrared Thermometer Market Revenue Share, By Companies, 2024 |
10.2 Panama Infrared Thermometer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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