portable scanner market is to reach USD 2.31 billion at 5.1% CAGR by 2030. Portable scanners are gaining momentum as a new technology that is prevailing amongst the global market services and operations
The portable scanner market is expected to reach USD 2.31 billion at 5.1% CAGR by 2030. Portable scanners are gaining momentum as a new technology that is prevailing amongst the global market services and operations. The main reason for the market to undergo such a massive expansion and popularity during the forecast period is because the portable scanner market has to offer numerous benefits to a wide range of industrial users. The world population is growing and so is the geriatric population which is one of the parts belonging to the global quantum of population.
Urinary tract infections (UTIs) are witnessing positive cases and still enjoy the positive degree of the emergence of microbial diseases. This is not age or generation-specific and hence, is affecting people of all age groups. Very year, UTIs are contracted by as many as 52 Billion people each year, on an average during the forecast period.
COVID 19 Analysis
The novel coronavirus was the first of its kind of disease that presented new kinds of struggles and issues for the industries and companies to deal with. The rate of spread of the positive coronavirus cases is quite huge and hence, to curb the community spread of the cases and transmission, the government had taken dire steps to reduce the cases on a large scale and move back to normalcy and basic routine now and then. Strict steps like implementing temporary and permanent nationwide lockdowns, functional guidelines, safeguarded opening and closing, sanitization, and strict implementation of the rules and regulations that have been laid down are presenting various issues for the portable scanner market operations, systems, and services.
The lockdown has pushed most of the people and target audience across the globe to stay at home is promising positive, fulfilling, and growing aspects for the portable scanner market operations during the ongoing forecast period of 2020-2030. Some of the target audience are turning this as gaming platforms as an entertainment platform and a reliable pass time. Hence, people have opted for online means which are increasing the traffic and presenting great growth prospects for the portable scanner market as per the expectation during the forecast period that ends in 2030. Hundreds and thousands of people are transforming themselves into new visitors. For the same, the government is enhancing their budget allocation that will help the performance of the key market players to cater to the needs of a larger audience during the set period. The key market players are opting for agreements, mergers, and acquisitions that will enhance their global visibility and also, improve the qualitative insights that the market has to undergo and offer for the portable scanner market during the forecast period of 2020-2030.
Portable Scanner Market Dynamics
One of the major reasons that are driving the portable scanner market to grow at such a reliable rate is that the market is witnessing a huge emergence of populations that are facing physical issues and thus, contracting urological diseases. Also, the technological investments that are underway for the market operations promise good growth to the market during the forecast period that ends in 2023. Also, the target audience that is located in different parts of the globe is adopting the non-invasive procedure for diagnosing the diseases and hence, have positive attributes in store for the market while helping the global market discover ways of growth and reach the predicted portable scanner market valuation by the end of the forecast period in 2030.
However, to accomplish the aim and help the market operations reach the predicted market valuation for the forecast period that ends in 2023, the market needs to focus on the development of strategies and campaigns that will help in the creation of awareness related to the market products and the services and hence, will dissolve these factors that act as major restraints for the market to grow as per the prediction during the ongoing forecast period of 2017-2023. Also, the low availability of investment to develop the essential infrastructure for the portable scanner market is going to present challenges to the market on the way of its global growth during the period which the market players and government is trying to resolve by collaborative efforts.
Urinary incontinence (UI) can be understood as an underdiagnosed problem that often tends to stay underreported, as well. This problem tends to increase as the age of an individual increase. The National Association of Incontinence, in 2018, estimated that approximately 480 million people spread across various global regions are living with a high risk of contracting UIs. also, as per the womenhealth.gov website, the problems related to UI are two times more common in women in comparison to men. Also, women are more likely to contract these issues during childbirth, pregnancy, and other reasons like menopause. More than 830,000 deaths have been caused by issues like urinary tract diseases and kidney failures and more than 18,467,000 people have to settle for disability adjustments which is the 12th most common reason for death. Hence, the need for the hour is to make market services and operations available for the target audience by including the much-needed technological transformations and advancements.
Portable Scanner Market Segment Overview
The portable scanner market type is one of the market segments that help in giving the segment insights on a global scale. The market has been segmented based on the following:
Based on type
The type segment of the market includes a 2D portable ultrasound bladder scanner alongside the 3D portable ultrasound bladder scanner.
Based on market end-users
Mostly, the demand is more in areas like hospitals, diagnostic centers, clinics, and other facilities like healthcare infrastructure models and dispensaries functioning on the local or regional level.
Portable Scanner Market Regional Analysis
The portable scanner market growth is dependent on the regional functioning of the market and the undertaken expansion opportunities. The North American market is likely to witness enormous growth during the forecast period that ends in 2023. The main reason for the market to grow and hold the largest market share is that there is a major chunk of the population that is approaching the market players for urological disease diagnostic procedures amid the rise in cases. The American Urological Association Foundation (AUAF), depicts that some of the commonly occurring urological diseases are BHP, UI, and UTIS, amongst others.
Portable Scanner Market Competitive Landscape
Through the report, the aim is to draw a competitive graph amongst the key market players and hence, conclude the strategic steps undertaken by them during the ongoing forecast period of 2017-2023. Also, the report helps the investors make similar decisions based on the performance of the market players. The key players of the market that will help the market conduct its operations and seek its way towards global expansion are as follows:
The global report discusses the dynamics available to the market during the forecast period that will help the market reach the expected market valuation at the predicted CAGR. also, the report lays a major focus on the functioning potential of the market segments and prominent players across various regions located worldwide. The report aims to help the market understand the prevailing competition by discussing the recent developments undertaken during the forecast period.
|Market Size||2.31 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Technology, End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Zebra Technologies (U.S.), Honeywell International Inc. (U.S.), Hewlett-Packard (U.S.), Datalogics S.P.A (Italy), Metrologic Instruments (U.S.), Opticon (Australia), Fujitsu Limited (Japan), Epson America Inc. (U.S.), SATO Holdings Corporation (Japan), Toshiba TEC Corporation (Japan), and TouchStar Technologies (U.K.)|
|Key Market Opportunities||Advanced IT infrastructure and rising need for portable scanners in the healthcare industry.|
|Key Market Drivers||
The global market of portable scanner can thrive at 20% CAGR and be worth of USD 2.31 Bn by 2030
Metrologic Instruments (U.S.), Fujitsu Limited (Japan), Opticon (Australia), and Epson America Inc. (U.S.) are some well-known players of the portable scanner market.
2D imager, laser scanners, and linear imager are technologies applied by portable scanner.
The convenience of using portable devices is a prime factor that can drive the portable scanner market growth.
The high requirement for portable scanner in the corporate sector can support the North America portable scanner market growth.