Market Snapshot:
Portable medical devices are usually electronic equipment’s that have applications in the health care industry. They are generally used for measuring data, monitoring & operating medical conditions of the patient. Additionally, these devices provide representation of that data in the proper format on a computing devices like smart-phone, laptop, tablet and others. One of the best benefit of these devices is that people can use these devices at home and can handle it personally on mobiles. Mobile medical devices that means the devices that can be operated with the help of the mobile, have brought drastic change in the market for the portable medical devices. Incorporating advent superior wireless technology into the portable medical devices has improved healthcare standards and continuously fetching lucrative opportunities for these market. Additionally, these technically strong devices are helping in averting many terrible health situations. Rising healthcare expenditure due to health consciousness of the people, fuels the growth of portable devices market. Due to security concerns and connectivity problems associated with the device, may hamper the growth of the market.
Highlights from Portable Medical Devices Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Value (2028) | USD 51.26 Billion |
Unit | Value (USD Billion) |
CAGR | 8.33% |
The key Players profiled in the report are Abbott Laboratories, Covidien (Ireland), GE Healthcare, Medtronic (United States), Omron Healthcare, Philips Healthcare (Netherlands), Roche Diagnostics (Switzerland), Siemens Healthcare (Germany), Agfa Healthcare (Belgium), Animas (United States), B. Braun Melsungen (Germany), Bayer (Germany), Beltone (Canada), Bernafon (Switzerland), CareFusion (United States), GlySens (United States), GN ReSound Group (India), Insulet (United States) and LifeScan (United States). Additionally, other players that are part of this comprehensive study are Meditech, Mindray (China), Nihon Kohden (Japan) and Opto Circuits (India).
Geographic Breakdown and Segment Analysis
The Global Portable Medical Devices market presents a comprehensive analysis of the Portable Medical Devices market by product type (Respiratory Monitoring Systems, Digital Hearing Aid, Insulin Pumps, Medical Imaging, Cardiac Monitor Systems, Fitness & Wellness, Independent Aging, Pulse Oximeter and Hemodynamic Monitors), by end-user/application (Hospitals, Clinics, Homecare Patient, Ambulatory Care Centers, Surgical Centers and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Portable Medical Devices industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Portable Medical Devices market
Analyst at AMA have segmented the market study of Global Portable Medical Devices market by Type, Application and Region.
Influencing Trend:
Mobile medical devices i.e. operated by mobile and Wearable Health and Fitness devices
Market Growth Drivers:
Rising healthcare expenditure and Procedure is less invasive
Restraints:
security concerns related to the device and connectivity problems
Opportunities:
Increasing adoption of home healthcare services and Emergence of tele-medicine facilities and nanotechnology
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the product.
Key Target Audience
Manufacturer, Raw material supplier, Distributors/traders/dealers, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations