Portable Medical Electronic Products Market
Global Portable Medical Electronic Products Market Size, Share & Trends Analysis Report By Equipment (Diagnostic Equipment, Treatment Equipment and Monitoring Equipment), By Application (Cardiology, Respiratory, Gynecology, Neurology, and Others), By Application (Hospitals, Physicians, Homecare Patients, and Others), and Forecast 2019-2025 Update Available - Forecast 2024-2030
The global portable medical electronic products market is anticipated to grow at a CAGR of 7.5% during the forecast period of 2019-2025, owing to the rising geriatric population and technological advancements in the healthcare sector. Increasing healthcare costs and the penetration of smartphones and mobile devices are stimulating the market. Furthermore, the emergence of low-cost communication standards is also expected to boost market growth during the forecast period. Portable medical electronic equipment is gaining popularity due to the advances in technology which has led ease of use and accessibility.
Portable medical equipment can be connected to a smartphone which has led to better storage and understanding of data. With more focus on reducing the size of portable devices and data accessibility, the market is expected to surge in the forecast period. Introduction of telemedicine facilities, home healthcare services, and growth in nanotechnology had offered numerous opportunities for portable medical electronic products market. The major market players that are involved in the manufacturing of these devices are continuously focusing on the development of cost-effective portable medical devices.
Segmental Outlook
The market is segmented on the basis of equipment, application, and end-users. On the basis of equipment, the market is segmented into diagnostic equipment, treatment equipment, and monitoring equipment. Diagnostic equipment includes CT scanner, X-ray scanner, ultrasound machine, and endoscopes. Treatment equipment includes an insulin pump, nebulizer, oxygen concentrator and others. Monitoring equipment includes heart monitor, pulse oximeter, neuromonitoring device, blood pressure monitor, fetal monitor, and others. Heart monitors segment held the major market share in 2018 owing to an increase in the number of cardiac arrests. By application, the market is segmented into cardiology, respiratory, gynecology, neurology, and others. Smart fitness devices are projected to hold the largest share during the forecast period, owing to its increased utility in tracking fitness and wellness of individuals.
Homecare Patients have a significant share in End-Users Segment
Based on end-user, the global portable medical electronic products market is segregated into hospitals, physicians, homecare patients, and others. With the rising preferences of patients towards homecare patient monitoring, homecare patients held a major significant share in 2018. This is further supported by the fact that patients are actively involving in the management of their diseases and are opting for devices that can enable them to diagnose, monitor, and treat diseases at their homes. Moreover, the majority of patients need to be monitored daily and face problems to visit medical facilities. Furthermore, these products enable patients to minimize their treatment costs by avoiding longer hospital stays. Patients with chronic diseases are using portable medical devices as they are easy-to-use, cost-effective, and useful in their regular monitoring.
Global Portable Medical Electronic Products Market Share by End-User, 2018 (%)
Regional Outlook
The global portable electronic medical products market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America held a major market share, owing to the rapid adoption of technically advanced products for homecare in the region. Furthermore, a rise in the utility of portable patient monitoring devices and portable medical imaging devices in hospitals, along with the presence of efficient ambulatory care services to fuel the growth of the market in this region. North America is followed by Europe and the Asia-Pacific is projected to be the fastest-growing market during the forecast period.
Global Portable Medical Electronic Products Market Growth, by Region 2019-2025
Asia-Pacific will augment with the significant growth rate in the market
Asia-Pacific is projected to witness a significant growth rate over the forecast period. Factors such as rising disposable income, growing patient awareness, and improvement in healthcare infrastructure are augmenting the growth of the market in the region. Moreover, the rapid adoption of electronic advancements such as smartphones is driving the growth of portable medical electronic products in the region. As per the ITU, in 2017, the total number of mobile phone subscriptions recorded in China was nearly 1.4 billion as compared to 1.36 billion in 2016. Additionally, countries such as China and Japan have a large base of the aging population which is estimated to contribute to a large customer base for portable electronic medical products in the region.
Market Players Outlook
The portable medical electronic products market is highly fragmented with the presence of a significant number of regional and global vendors. The market includes Medtronic PLC, Johnson & Johnson Services, Inc., Abbott Laboratories, Inc., GE Healthcare, and Koninklijke Philips N.V., among other market players. These companies are focusing on the development of cost-efficient medical devices. The major players are actively adopting growth strategies such as mergers & acquisitions, and joint ventures for the expansion of product lines. Besides, key market players are focusing on meeting the medical infrastructural needs of the targeted region to expand its market share. This leads to variations as per the requirement of the facilities, dedicated manufacturing lines and high reliability that enables these major players to sustain their market position.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global portable medical electronic products 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
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
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Medtronic PLC
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Johnson & Johnson Services, Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Abbott Laboratories, Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. GE Healthcare
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Koninklijke Philips N.V.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Portable Medical Electronic Products Market by Equipment
5.1.1. Diagnostic Equipment
5.1.1.1. CT Scanner
5.1.1.2. X-Ray Scanner
5.1.1.3. Ultrasound Machine
5.1.1.4. Endoscopes
5.1.2. Treatment Equipment
5.1.2.1. Insulin pump
5.1.2.2. Nebulizer
5.1.2.3. Oxygen Concentrator
5.1.2.4. Other
5.1.3. Monitoring Equipment
5.1.3.1. Heart Monitor
5.1.3.2. Pulse Oximeter
5.1.3.3. Neuromonitoring Device
5.1.3.4. Blood Pressure Monitor
5.1.3.5. Fetal Monitor
5.1.3.6. Others
5.2. Global Portable Medical Electronic Products Market by Application
5.2.1. Cardiology
5.2.2. Respiratory
5.2.3. Gynecology
5.2.4. Neurology
5.2.5. Other
5.3. Global Portable Medical Electronic Products Market by End-Users
5.3.1. Hospitals
5.3.2. Physicians
5.3.3. Homecare Patients
5.3.4. 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. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Abbott Laboratories, Inc.
7.2. ARKRAY USA, Inc.
7.3. B. Braun Melsungen AG
7.4. Contec Medical Systems Co., Ltd.
7.5. GE Healthcare
7.6. Johnson & Johnson Services, Inc.
7.7. Koninklijke Philips N.V.
7.8. Medtronic plc
7.9. Nox Medical
7.10. OMRON Healthcare, Inc.
7.11. Panasonic Corp.
7.12. Renesas Electronics Corp.
7.13. Roche Diagnostics Corp.
7.14. Siemens AG
7.15. Smith & Nephew PLC
7.16. Stryker Corp.
7.17. Vyaire Medical, Inc.
1. GLOBAL PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2018-2025 ($ MILLION)
2. GLOBAL ENDOSCOPES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL HEART MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL PULSE OXIMETERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL RESPIRATORY PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL BLOOD PRESSURE MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL MEDICAL IMAGING MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
10. GLOBAL CARDIAC DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL RESPIRATORY DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL FITNESS AND WELLNESS DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL INDEPENDENT AGEING DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2018-2025 ($ MILLION)
15. GLOBAL HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
16. GLOBAL PHYSICIANS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
17. GLOBAL HOMECARE PATIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
18. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
19. GLOBAL PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY,2018-2025 ($ MILLION)
20. NORTH AMERICA PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
21. NORTH AMERICAN PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2018-2025 ($ MILLION)
22. NORTH AMERICAN PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
23. NORTH AMERICAN PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2018-2025 ($ MILLION)
24. EUROPE PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
25. EUROPE PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2018-2025 ($ MILLION)
26. EUROPE PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
27. EUROPE PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2018-2025 ($ MILLION)
28. ASIA-PACIFIC PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
29. ASIA-PACIFIC PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2018-2025 ($ MILLION)
30. ASIA-PACIFIC PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
31. ASIA-PACIFIC PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2018-2025 ($ MILLION)
32. REST OF THE WORLD PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2018-2025 ($ MILLION)
33. REST OF THE WORLD PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
34. REST OF THE WORLD PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2018-2025 ($ MILLION)
1. GLOBAL PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SHARE BY EQUIPMENT, 2018 VS 2025 (%)
2. GLOBAL PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
3. GLOBAL PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SHARE BY END-USERS, 2018 VS 2025 (%)
4. GLOBAL PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
7. UK PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD PORTABLE MEDICAL ELECTRONIC PRODUCTS MARKET SIZE, 2018-2025 ($ MILLION)
