Portable Medical Devices Market
Global Portable Medical Devices Market Size, Share & Trends Analysis Report by Product Type (Monitoring Devices, Diagnosing Devices, Therapeutic Devices, and Fitness & Wellness Devices), and by End-User (Hospitals, Clinics, Homecare, and Others) Forecast, 2021-2027 Update Available - Forecast 2024-2030
The global portable medical devices market is projected to grow at a CAGR of 8.2% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the rising prevalence of chronic diseases coupled with the emergence of new and hassle-free portable medical devices. A significant rise in the prevalence of chronic diseases such as respiratory diseases, diabetes, and others has surged the demand for medical devices including portable devices for the monitoring, diagnosing, treatment of such diseases is likely to aid the growth of the market. On the other hand, the increased adoption of smart wearable devices and other portable technologies that keeps a track of the physical activities of patients in real-time is likely to create lucrative growth opportunities for the market during the forecast period. Moreover, the key feature that remote patient monitoring offers is the reduced healthcare costs, which again, is likely to encourage the demand in the near future.
Segmental Outlook
The global portable medical devices market is segmented on the basis of product type and end-users. Based on the product type, the market is segmented as monitoring devices, diagnosing devices, therapeutic devices, and fitness & wellness devices. Based on the end-users, the market is segmented as hospitals, clinics, home care, and others.
Portable Medical Devices for Homecare are likely to Grow Significantly in the Market
Amongst the end-user segment of the global portable medical devices, the portable medical devices for the homecare segment are projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to the increased demand from consumers for homecare medical devices. Due to the increasing patient base regarding severe diseases, (where the patient is on bed rest), the home care solution has been growing significantly globally. The major advantage of home care is the convenience offered, due to which the segment is likely to gain traction during the forecast period. On the other hand, amid the COVID-19 lockdowns and city shutdowns, people across the globe have majorly inclined towards the adoption of home-based treatment and monitoring solutions; which is another major aspect that drives the growth of the market during the forecast period.
Global Portable Medical Devices Market, by End-User 2020 (%)
Regional Outlook
The global portable medical devices market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the Portable Medical Devices market in the region. The regional growth of the market is accredited to the improving healthcare infrastructure in the region. Enhanced adoption of smart wearable for monitoring health along with the rising trends of fitness and wellness in the country. Also, the key companies are expanding their businesses to the untapped regions in emerging economies such as India and China, which further supports the growth of the market. Besides, the support of the government providing better healthcare facilities including portable medical devices is also driving the market growth in the region.
Further, the North American region is also estimated to witness a significant value for the market, attributing to the presence of key players across the region. The higher adoption rate of technologically advanced medical devices, high treatment rates, and supportive government initiatives for the early diagnosis of diseases are some other major aspects that are likely to contribute to the growth of the market.
Global Portable Medical Devices Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global Portable Medical Devices market include Abbott Laboratories Inc., F. Hoffmann-La Roche AG, GE Healthcare, Medtronic Plc, Natus Medical Inc., Omron Corp., Philips Healthcare NV, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Siemens Healthineers AG, and Texas Instruments Inc. among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment. For instance,
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Portable Medical Devices market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Portable Medical Devices Industry
• Recovery Scenario of Global Portable Medical Devices Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Impact of Covid on Key Players
3.4. Key Company Analysis
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Portable Medical Devices Market by Product Type
5.1.1. Monitoring Devices
5.1.2. Diagnosing Devices
5.1.3. Therapeutic Devices
5.1.4. Fitness & Wellness Devices
5.2. Global Portable Medical Devices Market by End-User
5.2.1. Hospitals
5.2.2. Clinics
5.2.3. Homecare
5.2.4. Others
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Abbott Laboratories Inc.
7.2. CareFusion Corp.
7.3. Covidien Plc
7.4. F. Hoffmann-La Roche AG
7.5. Freescale Semiconductor Inc.
7.6. GE Healthcare
7.7. Maxim Integrated
7.8. Medtronic Plc
7.9. Natus Medical Inc.
7.10. Omron Corp.
7.11. ON Semiconductor Corp.
7.12. Philips Healthcare NV
7.13. Qualcomm Technologies, Inc.
7.14. Renesas Electronics Corp.
7.15. Samsung Electronics Co., Ltd.
7.16. Siemens Healthineers AG
7.17. STMicroelectronics N.V.
7.18. Texas Instruments Inc.
1. GLOBAL PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
2. GLOBAL MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL DIAGNOSING DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL THERAPEUTIC DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL FITNESS & WELLNESS DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
7. GLOBAL HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL HOMECARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
14. NORTH AMERICAN PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
15. EUROPEAN PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. EUROPEAN PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
17. EUROPEAN PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
21. REST OF THE WORLD PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
22. REST OF THE WORLD PORTABLE MEDICAL DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. GLOBAL PORTABLE MEDICAL DEVICES MARKET SHARE BY PRODUCT TYPE, 2020 VS 2027 (%)
2. GLOBAL PORTABLE MEDICAL DEVICES MARKET SHARE BY END-USER, 2020 VS 2027 (%)
3. GLOBAL PORTABLE MEDICAL DEVICES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
4. US PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
5. CANADA PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
6. UK PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
7. FRANCE PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
8. GERMANY PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
9. ITALY PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
10. SPAIN PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
11. ROE PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
12. INDIA PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
13. CHINA PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
14. JAPAN PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
15. ASEAN PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
16. SOUTH KOREA PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
17. REST OF ASIA-PACIFIC PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF THE WORLD PORTABLE MEDICAL DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
