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Global handheld imaging devices market registered approximately US$ XX Mn in 2019 and estimated to register a CAGR of 13% during the forecast period. It is anticipated to reach US$ 1.73 Bn by 2028.
Handheld Imaging Systems are demarcated by the convenience the devices provide in terms of the movability of nature. The device promptly offers output generating a decent way for analysis. The handheld devices operate on the policy of compressing the imaging technology in an effortlessly manageable technique. Depending on the category of handheld devices, the functioning principle changes. The handheld imaging systems support a computable evaluation of body parts and disease condition offering guidance commencing accurate and efficient information to the operative expert.
Rising Prevalence of Chronic Diseases across the Globe Is Anticipated To Drive the Demand for Handheld Imaging Devices during the Forecast Period
The worldwide populace is getting old fast, particularly in established economies. These elderly people are susceptible to several chronic disorders for instance diabetes, cardiovascular diseases, and cancer. Occurrence and pervasiveness of chronic ailments power the requirement for admission to early analysis using effectual and effortlessly accessible imaging devices. This drives the global handheld imaging devices market. For instance, as stated by the World Health Organization, the U.S. had experienced the registration of 2.12 million new cancer patients in 2018.
High-tech developments in terms of apps, software, and movability for analytical imaging is the most important factor boosting the global handheld imaging devices market. In addition, the surge in the number of sanctioned handheld imaging devices by various governing institutions all over the world and a rise in inclining towards the point-of-care diagnostic apparatuses are key factors impelling the global handheld imaging devices market.
Fast development in the devices in the semiconductor market is supporting the growth of the handheld imaging systems market. Extending the major benefit to the producers. Consequently, the current wave in the software advancement and simulated intellect with an emphasis on healthcare are contributing a superior probability for the accelerated growth in the handheld imaging systems market. The increase of the handheld imaging systems market is undeviatingly associated with the discovery and study in the microchip technologies, emerging in the more announced employment in the analysis and accessories industry.
The emergency and casualty department handles rigorously injured and critically impaired cases before shifting the patient the emergency medical specialists are completely dependent on the patient data or mishap details. The handheld imaging systems provide a helpful resource patient imaging in the situation of emergency, according to the result a favorable emergency surgery can be lined up. The burgeoning requirement for speedy help in emergency therapeutic services is the most important factor for trailing the requisition for handheld imaging systems market.
Nevertheless, a limited degree of implementation for Handheld Imaging Systems and superiority of result is foreseen to confine the progress of the Handheld Imaging devices market.
X-ray/Fluoroscopy Scanners sub-segment is leading market share in consequence of the high demand
On the basis of product, the handheld imaging devices market can be divided into optical coherence tomography (OCT) scanners, optical imaging devices, near-infrared (NIR) spectroscopy scanners, ultrasound scanners, and X-ray/fluoroscopy scanners. The X-ray/fluoroscopy scanners subdivision conquered the handheld imaging devices market in 2018. The supremacy of the subdivision can be accredited to an upsurge in the demand for handheld devices, effortlessness of scanning for both physicians and patients, and growth in the utilization of X-ray machines in the orthopedic and dental sectors.
North America had dominated Global Handheld Imaging Devices Market in 2018
North America considered for a dominant percentage of the global handheld imaging devices market in the year 2018. North America region is the foremost local market for Handheld Imaging Systems as a result of the desired recognition and implementation degree. In the North American region, the United States is leading the Handheld Imaging devices market in consequence of the escalating number of casualty visits in the nation. The region is foreseen to sustain its dominance throughout the assessment period. The acceleration in the pervasiveness of several chronic disorders in the region incorporated with the aging people and the current endorsement of products in this market are significant constituents driving the market in the region.
European Handheld Imaging Devices market is assumed to grow considerably larger as a result of greater cost-effectiveness and price efficiency ratio. Besides, the Asia Pacific region is a profitable market for handheld imaging devices. The market in the Asia Pacific is forecasted to extend at a notable CAGR during the evaluation period, attributable to an escalation in the elderly people combined with an intensification in patient populace affected by different ailments and accessibility of reasonable products in the Asia-Pacific region.
Several organizations are concentrating on organic development approaches such as product approvals, and product launches and others for instance events and patents. Inorganic development approach observed in the market were merger and acquisitions, and collaborations, partnership. These activities have concreted the way for the improvement of business and customer base of market players. The leading companies from in handheld imaging devices market are estimated to have beneficial evolution prospects in the future with the escalating requisition for in handheld imaging devices market in the worldwide market.
Some of the crucial players in the Handheld Imaging Systems market are Teratech Corporation, General Electric Company, Butterfly Network, Inc, Siemens Healthineers, Inc., Analogic Corporation, Samsung Electronics Co., Ltd., Fujifilm Holdings Corporation, Koninklijke Philips N.V., Shimadzu Corporation, Hitachi, Ltd., among others.
Global Handheld Imaging Devices Market, by Product
- X-ray/Fluoroscopy Scanners
- Optical Imaging Devices
- Ultrasound Scanners
- Near-Infrared(NIR) Spectroscopy Scanners
- Optical Coherence Tomography (OCT) Scanners
Global Handheld Imaging Devices Market, by Component
- Apps & Software
Global Handheld Imaging Devices Market, by Application
- In Ophthalmology
- Gynecology & Obstetrics
- Cardiology & Vascular
Global Handheld Imaging Devices Market, by End User
- Diagnostic Imaging Centers
- Specialty Clinics
Global Handheld Imaging Devices Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa