- Summary
- Table Of Content
- Methodology
Portable Scanner Market Size :
Portable Scanner Market size is estimated to reach over USD 2,598.67 Million by 2031 from a value of USD 1,692.73 Million in 2022 and is projected to grow by USD 1,745.66 Million in 2023, growing at a CAGR of 5.10% from 2023 to 2031.
Portable Scanner Market Scope & Overview:
Portable scanners refer to electronic devices designed for scanning physical documents into digital formats. They are capable of scanning a physical document and converting it electronically to be displayed on computers or other devices. Moreover, they offer several benefits including lightweight and compact size, ease of scanning, high image quality, higher efficiency, and reliability among others. The aforementioned benefits are key determinants for increasing their utilization in transportation & logistics, retail & e-commerce, healthcare, education, and other sectors.
Portable Scanner Market Insights :
Portable Scanner Market Dynamics - (DRO) :
Key Drivers :
The rising utilization in the healthcare sector is driving the market
Portable scanners are primarily used in healthcare facilities during patient admittance for electronic tracking of patients by utilizing barcodes to increase the efficiency of treatments and eliminate errors. Barcodes are often attached to patient wristbands and healthcare records for identification starting from the patient admission process to the discharge process. Scanners are also used in the healthcare sector for scanning clinical lab samples, healthcare inventory management, and other related applications. Moreover, their utilization of scanners in healthcare facilities helps in delivering efficient and secure data by eradicating errors in data entry with patient files, tracking, and follow-up. Additionally, the deployment of scanners in healthcare facilities offers several benefits including accurate and improved care quality, accurate and faster diagnosis, enhanced patient safety, and others.
Factors including the growing trend in healthcare expenditure, expansion of healthcare facilities, and rising number of in-patient admissions are among the key aspects driving the adoption of scanners.
For instance, according to the American Hospital Association, the overall number of hospitals in the United States reached 6,093 in 2021. Additionally, the total number of patient admissions in overall U.S. hospitals reached up to 33,356,853 admissions in 2021. Therefore, as per the analysis of market trends, the rising prevalence of healthcare facilities and increasing number of in-patient admissions in hospitals is increasing the utilization of scanners during patient admittance for electronic tracking of patient records and progress, in turn driving the portable scanner market growth.
Growing retail & e-commerce industry is spurring the market
Portable scanners are used in the retail & e-commerce sector, particularly in retail stores, warehouses, and e-commerce operations for performing a range of functions including price checking, stock checking, locating items, inventory management, proof of delivery, and other related functionalities. Moreover, the benefits of scanners including increased accuracy, high speed, improved convenience, and cost-efficiency are primary determinants for increasing their utilization in the retail & e-commerce sector.
In April 2022, the government of India announced its plan to launch an online retail network across 100 Indian cities to provide consumers with an alternative to multinational platforms including Amazon and Flipkart. Additionally, according to the U.S. Census Bureau of the Department of Commerce, the retail e-commerce sector in the United States was valued at USD 265.95 billion during the third quarter of 2022, representing a significant growth of 10.8% in comparison to USD 239.97 billion during the third quarter of 2021.
Therefore, as per the market trends analysis, the growing retail & e-commerce sector is further driving the utilization of these scanners for application in retail stores, warehouses, and e-commerce operations to improve operational efficiency, in turn proliferating the portable scanner market growth.
Key Restraints :
Availability of substitutes is restraining the market
The primary substitute for portable scanners includes fixed/stationary scanners among others. Comparatively, the substitutes have similar performance, and applications, concerning scanners, which is a key factor restricting the market.
For instance, stationary scanners act as an ideal alternative to portable scanners in a range of applications involving retail, manufacturing, logistics, and other industries. Moreover, fixed/stationary scanners offer a range of benefits including high speed, accuracy, and the ability to scan large volumes of items, making it ideal for applications requiring precision and speed.
Additionally, fixed/stationary scanners provide higher-resolution images in comparison to portable scanners. Therefore, the market analysis shows that the availability of substitutes for these scanners is limiting the portable scanner market demand.
Future Opportunities :
Rising expansion of business enterprises is expected to promote potential opportunities for the market
The rising expansion of business enterprises is expected to present potential opportunities for the market. Portable scanners such as document scanners are often used in business enterprises to digitize papers, business cards, receipts, scan signed documents, and other related applications. They are compact, lightweight devices that are capable of scanning various types of documents and saving them directly into a computer or the cloud, which makes them ideal for deployment in business enterprises.
Factors including the rising pace of urbanization, increasing investments in the development of small & medium-sized business enterprises (SMEs), and the growing demand for economical and flexible scanning solutions in business enterprises are expected to promote significant growth prospects for the market.
For instance, according to the Organization for Economic Co-operation and Development (OECD), China comprised over 140 million SMEs (Small and Medium Enterprises) as of 2020. Similarly, China registered approximately 2.52 million new enterprises in 2020. Additionally, according to the U.S. Chamber of Commerce, the total number of small businesses in the United States reached 33.2 million in 2022, representing nearly 99.9% of total businesses in the United States.
Therefore, thus the analysis of market trends shows that the rising expansion of business enterprises is anticipated to increase the integration of these scanners for scanning business records and documents, in turn fostering portable scanner market opportunities during the forecast period.
Portable Scanner Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2031 |
| Market Size in 2031 | USD 2,598.67 Million |
| CAGR (2023-2031) | 5.10% |
| By Sales Channel | Direct Sales and Distributor Sales |
| By End-User | Transportation & Logistics, Retail & E-Commerce, Healthcare, Education, Manufacturing, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | Zebra Technologies Corp., Canon, Honeywell International Inc., Datalogic S.P.A, Opticon, PFU America Inc., Seiko Epson Corp., SATO Holdings Corporation, Doxie & Co. LLC, DENSO ADC |
Portable Scanner Market Segmental Analysis :
By Sales Channel :
Based on the sales channel, the market is bifurcated into direct sales and distributor sales. The distributor sales segment accounted for the largest revenue share in the year 2022 of the global portable scanner market. The distributor sales channel comprises both offline and online modes. In the online mode, the scanners can be bought from e-commerce websites such as eBay, Amazon, Alibaba, and others. The offline mode includes the distribution of scanners through retail stores, specialist stores, and others. In addition, buying from a distributor also benefits the consumer in selecting the best product available in the market.
For instance, Canon and Honeywell International Inc. are among a few scanner manufacturers that offer a wide range of scanners for purchase through various e-commerce websites including Amazon, eBay, and others. Therefore, the analysis shows that the increasing availability of these scanners in online distributor sales channels is a prime factor proliferating the segment.
The direct sales channel segment is anticipated to register the fastest CAGR during the forecast period. In direct sales channels, products are sold directly to customers using various physical outlets such as company outlets, and others. Moreover, the direct sales channel also comprises an online mode, in which the manufacturers sell the products through their company websites. Additionally, purchasing scanners from direct sales channels offers various benefits such as faster response time, higher product quality, competitive pricing, competitive pricing, and higher return on investments are among the primary factors boosting the purchase of scanners from direct sales channels.
For instance, Doxie & Co. LLC and DENSO ADC are among the few scanner manufacturers that offer a broad range of scanners for direct purchase through the company website. Thus, the segmental trends analysis depicts that the availability of these scanners in direct sales channels, attributed to the above benefits, is a key factor projected to drive the portable scanner market trends during the forecast period.
By End-User :
Based on the end-user, the market is segregated into transportation & logistics, retail & e-commerce, healthcare, education, manufacturing, and others. The retail & e-commerce segment accounted for the largest revenue share of 35.3% in the year 2022 of the total portable scanner market share. Factors including rising digitalization, rising demand for consumer preference for online shopping, and growing demand for improved retail inventory management and warehousing solutions are driving the retail & e-commerce segment.
For instance, Zebra Technologies Corp offers a wide range of scanners including the CS60 series, DS4600 series, LS2208, and others designed for retail applications in its product portfolio.
Additionally, according to the International Trade Administration (ITA), Brazil witnessed rapid e-commerce growth, with an increase of 16% year-over-year increase in 2021. Therefore, the analysis of segment trends depicts that the growing retail & e-commerce sector is driving the adoption of these scanners for application in retail stores, warehouses, and e-commerce operations to improve operational efficiency, in turn driving the portable scanner market demand.
The healthcare segment is expected to witness the fastest CAGR during the forecast period. The growing healthcare segment is attributed to several factors including rising trends in healthcare expenditure, expansion of healthcare facilities, and rising number of in-patient admissions among others.
These scanners are used in healthcare facilities during patient admittance for electronic tracking of patient's records and progress. Similarly, scanners are also used for scanning lab samples and healthcare inventory management among others.
For instance, Honeywell International offers a range of scanners including Xenon Ultra 1962h, Xenon Ultra 1960h, Xenon XP 1952h, and others in its product portfolio that are designed for healthcare applications. Additionally, Datalogic S.P.A offers QuickScan 2500 series, Gryphon 4200 series, and Gryphon 4500 series of scanners that are optimized for a wide range of healthcare applications including patient admittance, healthcare inventory management, and others. Thus, the rising development of scanners for utilization in healthcare applications is projected to drive portable scanner market trends during the forecast period.
By Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America accounted for the largest revenue share of USD 603.46 Million in 2022 of the overall portable scanner market share and is expected to reach USD 931.62 Million by 2031, registering a CAGR of 5.2% during the forecast period. Also, the market is projected to garner revenue of USD 622.76 million in the year 2023. In addition, in the region, the U.S. accounted for the maximum revenue share of 52.35% in the same year. As per the portable scanner market analysis, the adoption of scanners in the North American region is mostly driven by its utilization in retail & e-commerce, transportation & logistics, healthcare, and other sectors. Moreover, the growing retail & e-commerce industry and increasing utilization of scanners in retail stores and warehouses for price checking, stock checking, and inventory management are among the significant factors driving the portable scanner market expansion in the region.
For instance, according to the U.S. Census Bureau of the Department of Commerce, the retail e-commerce sector in the United States was valued at USD 227.58 billion during the second quarter of 2023, representing a significant growth of 6.9% in comparison to USD 258.16 billion during the second quarter of 2022. Thus, the growth of the retail & e-commerce industry is boosting the deployment of scanners, in turn accelerating the market in the North American region. Additionally, increasing investments in the expansion of healthcare facilities are anticipated to promote lucrative growth aspects for the market in North America during the forecast period.
Asia-Pacific is expected to register the fastest CAGR of 5.4% during the forecast period. The growing pace of industrialization and development is creating lucrative development aspects for the market in the region. Additionally, factors including the growing industries including manufacturing, education, transportation & logistics, and others are driving the portable scanner market opportunities in the Asia-Pacific region.
For instance, according to the United Nations Conference on Trade and Development (UNCTAD), Asia ranked as the world's leading maritime cargo handling center in 2021, accounting for 64% of imports and 42% of exports respectively. In the transportation and logistics sector, scanners are used for capturing serial numbers, barcodes, vehicle identification numbers (VIN), delivery notes, and other crucial information as the shipment moves through the order-to-delivery process. Therefore, the growing transportation and logistics sector in the Asia-Pacific region is anticipated to drive the utilization of scanners, thereby proliferating portable scanner market expansion in the region during the forecast period.
Top Key Players & Market Share Insights:
The portable scanner market is highly competitive with major players providing scanners to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the portable scanner market. Key players in the portable scanner industry include-
- Zebra Technologies Corp.
- Canon
- SATO Holdings Corporation
- Doxie & Co. LLC
- DENSO ADC
- Honeywell International Inc.
- Datalogic S.P.A
- Opticon
- PFU America Inc.
- Seiko Epson Corp
Recent Industry Developments :
- In November 2020, Datalogic S.P.A. launched its new Hand Scanner, a small, lightweight portable scanner designed for utilization in transportation & logistics, retail, healthcare, manufacturing, and other sectors.
Key Questions Answered in the Report
What is portable scanner? +
Portable scanners refer to electronic devices designed for scanning physical documents into digital formats.
What specific segmentation details are covered in the portable scanner report, and how is the dominating segment impacting the market growth? +
For instance, by sales channel segment has witnessed distributor sales as the dominating segment in the year 2022, owing to its range of benefits including higher accessibility to a variety of products, ease of use, and high flexibility.
What specific segmentation details are covered in the portable scanner market report, and how is the fastest segment anticipated to impact the market growth? +
For instance, by end-user segment has witnessed healthcare as the fastest-growing segment during the forecast period due to rising adoption of portable scanner in healthcare facilities for applications including patient admittance, healthcare inventory management, and others.
Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2031? +
Asia-Pacific is anticipated to register fastest CAGR growth during the forecast period due to rapid pace of industrialization and growth of multiple industries such as manufacturing, education, transportation & logistics, and others.
