Portable Scanner Market Share

Global Portable Scanner Market Overview:

Portable Scanner Market Size was valued at USD 1.78 Billion in 2023. The Portable Scanner industry is projected to grow from USD 1.87078 Billion in 2024 to USD 2.659 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.49% during the forecast period (2024 - 2032). The market is expanding as a result of increasing product use in pharmacies for drug inspection, patient record digitization, and better hospital care. Other market drivers contributing to a positive market outlook globally include the growing trend of miniaturization in electronics products, rising smartphone sales, and the developing pharmaceutical business.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Portable Scanner Market Trends

• Increased demand for miniature electronics is driving the market growth

Electronics items are getting smaller and adding more functionality on the market today. Limitations and challenges in the overall design and production process of electronics devices are typically revealed when one phase of a product is made smaller. Miniaturization is one of the essential components of contemporary consumer goods. There are many new potential for product improvements as a result of the convergence of computer, communication, and consumer electronics. The need for tiny electronic devices is rising in end-user sectors such consumer electronics, retail, logistics and transportation, and industrial manufacturing, which is motivating major market participants to launch novel products with miniaturization. Furthermore, the best chances for the quick growth of the Portable Scanner Market are being provided by the rising use of smart phones and, more significantly, wireless communication. Wireless portable scanners, which are used to scan receipts, bills, and documents, are becoming more and more popular in the business world. The growth of the market has been fueled by this demand for the product.

These universal portable scanners serve the medical sector in addition to the corporate sector, where they are utilised to scan data, papers, receipts, and cards for business trips. There are great opportunities for this market to grow in the next years because of the use of these scanners in the medical industry. These scanners are used in pharmacies to check the medications and drugs that are created in the labs. They are also highly beneficial for maintaining a digital record of the patients at a hospital. In addition to hospitals, they offer better care in clinics. The function that these scanners have played in the medical industry has opened up numerous profitable growth opportunities for the industry.

The major market participants are moving ahead with the introduction of new technology. The market has benefited from the use of cutting-edge technologies. Some of the technologies used by the makers include artificial intelligence (AI), 3D lasers, and the auto-scan feature. The product's functionality is improved as a result. There are already portable scanners on the market that can handle viruses. This could be viewed as a factor influencing the market share for portable scanners globally. Thus, driving the portable scanner market revenue.

Portable Scanner Market Segment Insights:

Portable Scanner Type Insights

The Portable Scanner Market segmentation, based on type includes Stationary Scanner, Non-Rugged Barcode Scanner and Automatic Scanner. The non-rugged barcode scanner segment dominated the market. The market is expanding as a result of the increasing usage of non-rugged barcode scanners in a variety of industrial applications, including light industrial, healthcare, retail, transportation, and warehousing settings. Innovations in technology in a barcode scanning system, the need for wireless non-rugged scanners, the demand for rugged portable barcode scanners in industries for harsh environments, including outdoors and where harsh chemicals, and consumer demand for user-friendly, versatile, and affordable barcode scanners are some of the key driving factors that are boosting the demand for non-rugged barcode scanner.

Portable Scanner Technology Insights

The Portable Scanner Market segmentation, based on technology, includes 2D Imager and Linear Imager Laser Scanners. The 2D imager category generated the most income. A scanner that can record an image in two dimensions can create a two-dimensional image. These scanners can read both linear and matrix barcodes, which makes them useful for barcode scanning. Due to their ability to create a high-quality image of the document, they can also be utilised for document scanning. Some two-dimensional imagers can read text aloud, which makes them perfect for those with vision difficulties.

Figure 1: Portable Scanner Market, by Technology, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Portable Scanner Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American portable scanner market area will dominate this market. The potable scanner market size is increased by the region's quickly expanding medical device industry. Additionally, significant improvements in manufacturing methods and technology for potable scanners, coupled with the continually expanding manufacturing industry, support the market revenues for potable scanners. Additionally, market participants from the North American continent are developing an intuitive design for 3D Bladder scanners. The key justification for doing this is to choose a wide range of clinical settings and make the product user-friendly for all market participants, including hospitals, doctors, and clinics, among others.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Portable Scanner Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe portable scanner market accounts for the second-largest market share. Market participants in this area are attempting to raise the profile of their products and broaden their global reach. The market for potable scanners is being strengthened by rapid industrial renovations, which is another market driver. In addition, the expanding market for more affordable portable scanners and the expansion of healthcare services in these areas present significant growth prospects. Additionally, the developing transportation & logistics, as well as industrial production sectors in this area, drive the market's growth with their strong need for potable scanners. Further, the German portable scanner market held the largest market share, and the UK portable scanner market was the fastest growing market in the European region

The Asia-Pacific Portable scanner Market is expected to grow at the fastest CAGR from 2024 to 2032. The need for portable scanners is rising in developing nations as a result of rapid urbanisation, the spread of organised retail, expansion in the FMCG, pharmaceutical, and processed food sectors, and growth in these industries. The greatest regional market for electronic goods is in the Asia-Pacific area. As a consequence of the quick development of end-user sectors like electronics, automotive, and retail in growing economies like China, India, South Korea, Taiwan, and other developing nations, a trend of miniaturisation of electronic equipment is anticipated to continue in the near future. Moreover, China’s portable scanner market held the largest market share, and the Indian portable scanner market was the fastest growing market in the Asia-Pacific region.

Portable Scanner Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the portable scanner market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, portable scanner industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global portable scanner industry to benefit clients and increase the market sector. In recent years, the portable scanner industry has offered some of the most significant advantages to market. Major players in the portable scanner market attempting to increase market demand by investing in research and development operations include Becton, Dickinson and Company, Wuhan Tianyi Electronic Co. Ltd., CarVitacon US, LLCesono Technology CO., Verathon Inc., Sonostar Technologies Co. Limited, dBMEDx Inc., GE Healthcare Inc., LABORIE and Signostics Inc.

Medical technology business Becton Dickinson and Co. (BD) produces and markets instruments, reagents, and other medical equipment. Syringes and pen needles, infusion pumps and disposables, automated medication dispensing and supply management systems, intravenous catheters, pre-fillable drug delivery systems, products for the safe collection and transportation of diagnostic specimens, respiratory ventilation and diagnostic equipment and consumables, instruments and reagent systems to detect a variety of infectious diseases and cancers, and clinical research tools are among its main products.

GE HealthCare Technologies Inc. (GE HealthCare) is a leading global provider of medical devices, specializing in the design, development, production, and distribution of diagnostic imaging, clinical systems, drug discovery, biopharmaceutical production, cellular technologies, imaging agents for use in medical scanning, and a variety of healthcare IT products. Additionally, GE HealthCare offers services including computerized data management, performance enhancement and performance solutions, and remote diagnosis and repair services for medical devices made by the business and others.

Key Companies in the portable scanner market include

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  Becton, Dickinson and Company

  
  


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  Wuhan Tianyi Electronic Co. Ltd.

  
  


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  CarVitacon US

  
  


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  LLCesono Technology CO.

  
  


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  Verathon Inc.

  
  


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  Sonostar Technologies Co. Limited

  
  


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  dBMEDx Inc.

  
  


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  GE Healthcare Inc.

  
  


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  LABORIE

  
  


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  Signostics Inc.

  
  

Portable Scanner Industry Developments

February 2022: The DS-790WN wireless network color portable scanner with flexible connectivity was unveiled by Seiko Epson Corporation. The DS-790WN produces high-quality scans quickly so businesses can confidently manage documents. It is designed for dependability and convenience of use in a variety of industries, including government, service bureau, higher education, banking, and healthcare corporations.

Portable Scanner Market Segmentation:

Portable Scanner Technology Outlook 

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  2D Imager

  
  


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  Linear Imager Laser Scanners

  
  

Portable Scanner Type Outlook 

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  Entertainment Control

  
  


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  Security & Access Control

  
  


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  Smart Kitchen

  
  

Portable Scanner Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America

    
    
  
  
  
  

The portable scanner market is expected to reach USD 2.659 billion at 4.49% CAGR by 2032. 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 2024-2032. 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 2032. 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 2024-2032.

Portable Scanner Market Dynamics

Drivers

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 2032. 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 2032.

Restraints

However, to accomplish the aim and help the market operations reach the predicted market valuation for the forecast period that ends in 2032, 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 2024-2032. 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.

Technology Analysis

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 2032. 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 2024-2032. 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:

• Becton


• Dickinson and Company


• Wuhan Tianyi Electronic Co., Ltd.


• CarVitacon US


• LLCesono Technology CO.


• Verathon Inc.


• Sonostar Technologies Co., Limited


• dBMEDx Inc.


• GE Healthcare Inc.


• LABORIE


• Signostics Inc.

Recent Developments

• The market players belonging to the North American region are working on the intuitive design for the 3D Bladder scanners. The main reason behind this is to opt for a multitude of clinical environments and make the product user-friendly amongst all market players like hospitals, physicians, and clinics amongst others.


• The rise in the geriatric population in the APAC region is pushing for high incidence rates and health complications that have an association with urological diseases. This is pushing for a widened demand for healthcare interventions and hence, present the market with a good growth opportunity during the forecast period of 2024-2032.


• Over the years, various enhancements have been making that help in better and qualitative scanning and hence, detect urinary retention. Also, incomplete bladder emptying has taken over from the health concern of urethral catheterization. Overall, the players have excellent opportunities to target and grow upon.

Report Overview

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.