Handheld imaging device is majorly employed in internal body scans to detect various underlying diseases and syndromes. These devices are portable and are used according to the need. North America and Asia Pacific are the go-to markets for the handheld imaging industry, owing to presence of higher geriatric population, which is prone to chronic syndromes such as diabetes, brain strokes, and cardiovascular syndromes coupled with rising disposable income in the regions. Among imaging products, ultrasounds are the most lucrative in the higher populace countries such as India, owing to rising demands in specialty clinics and nurseries for screening of early pregnancy signs and uterus-based imbalances.
COVID-19 Impact Analysis
Increase has been witnessed in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. The need for medical supplies has increased significantly among both from healthcare professionals and civil population for precautionary measures, owing to rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the global handheld imaging device market.
Top Impacting Factors
- High prevalence of oral cancer in the world especially in Indian market and the underlying need for developing a device that can aid in screening, detecting, and biopsy of cancer are the factors driving growth for handheld imaging device market.
- Rise in need of advanced data analytics and visualization tools across sectors and domains has augmented tech-based start-ups to improve patient diagnostics and outcomes through design and development of various imaging devices.
- Across North America and Europe, increase has been witnessed in the demand for development of a whole-brain MRI scan, owing to growing cases of brain disorders coupled with robust technology improvements, higher investments into research and development of new therapeutics, and higher awareness among the populace.
- Handled imaging devices are gaining higher traction in the field of dermatology, owing to cost-effective means for skin disorder analysis.
- However, huge challenges associated with image artifacts such as technical errors, reduced image quality, and clinical difficulties acts as the key restraints of the market.
- Additionally, low disposable income, inefficient infrastructure, and low awareness among the general audience in underdeveloped and less industrialized economies hamper the penetration rate of handled imaging devices.
- Heavyweight of these devices may hamper real-time clinical productivity, which may further restrain the market growth.
Key Market Trends
- Technology Business Incubator of Sree Chitra Tirunal Institute for Medical Devices & Technology has recently come up with OralScan, a handheld imaging in collaboration with Kerala government to codify its initiatives against high percentage of oral cancer prevailing in the state.
- Sascan Meditech, a Bangalore-based company, recently developed its own optical imaging device as part of multimodal initiative to screen presence of oral cancer at an early stage.
- Barco, a Belgian-based image technology firm, launched its own handheld imaging device known as Demetra that aids in insightful data on brain disorders amongst patients.
- North America leads the global handheld imaging device market, owing to presence of huge population base suffering from various forms of syndromes combined with state-of-the-art healthcare infrastructure, higher per capita income, and overall need of the population to undergo regular checkups.
Key Benefits of the Report
- This study presents the analytical depiction of the handheld imaging device industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Handheld Imaging Device Report
- Which are the leading players active in the handheld imaging device market?
- How is each segment of the market expected to grow during the forecast period?
- What are the adoption trends for the handheld imaging device market in emerging economies and established economies across the world?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What are the impacts of COVID-19 in the industry?
- What is handheld imaging device?
- What is the handheld imaging device market prediction in the future?
- What are the current trends and predicted trends?
Key Market Segments
- By Product
- X-Ray Scanners
- Fluoroscopic Scanners
- Optical Imaging Devices
- Ultrasound Scanners
- Near Infrared Spectroscopy Scanners
- Optical Coherence Tomography
- By Component
- Devices
- Apps and Software
- Accessories
- By Application
- Ophthalmology
- Endocrinology
- Urology
- Gynecology and Obstetrics
- Dermatology
- Dentistry
- Cardiology and Vascular
- Orthopedics
- Others
- By End User
- Hospitals
- Diagnostic Laboratories
- Diagnostic Imaging Centers
- Specialty Clinics
- Others
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Koninklijke Philips N.V.
- Butterfly Network, Inc.
- InfraScan, Inc.
- MolecuLight, Inc.
- Siemens Healthineers
- GE Healthcare (GE Electric Company)
- FUJIFILM Corporation
- Micro C, LLC
- Clarius Mobile Health
- KaVo Dental