Upto 2027 Portable Medical Devices Market is Predicted to Rise at a Stable Rate of 11.35%

Precedence Research recently published a report on “Portable Medical Devices Market (By Product: Therapeutics, Smart Wearable Medical Devices, Diagnostic Imaging, and Monitoring Devices; By Application: Cardiology, Orthopedics, Gynecology, Urology, Gastrointestinal, Respiratory, Neurology, and Others) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027”. Amid the COVID-19 crisis, the global portable medical devices market size is projected to reach USD 85.1 billion by 2027 from an estimated USD 37.2 billion in 2019, at a CAGR of 11.35% during the forecast period 2020 – 2027.

The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates portable medical devices market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global portable medical devices market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2027 along with a forecast from 2020 to 2027 based on value.

Portable Medical Devices use sensor and other advanced wireless technologies to monitor real-time health of the patient. They are used for wide range of applications such as respiratory, cardiac, and fitness & wellness that include respiratory products for example continuous positive airway pressure (CPAP) machines and apnea monitors, electrocardiogram monitors to monitor heart, insulin infusion pumps & Blood glucose meters to measure diabetes, blood pressure monitors, ultrasound devices, and pulse oximeters. Low-cost sensor technologies, repeatability, low power consumption, and reliability are some of the critical elements for portable medical devices that provide comfort to patients.

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Growth Factors

Rise in health and fitness awareness coupled with advent of new technologies such as Internet of Things (IoT), Big Data, and analytics in medical devices are the key factors that escalate the market growth. Furthermore, stressful and hectic lifestyle has resulted in the rise of several health disorders that again fuel the growth of the market.

Scope of the Study

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Report Highlights

• In 2019, North America led the global portable medical devices market with significant revenue share of approximately 42%. The prime factor supporting the growth of the region high treatment rates, high adoption of advanced medical devices, and favorable government initiatives for early detection of disease. Further, the region has well-developed healthcare infrastructure along with high consumer spending on medical facilities again propel the market growth.
• The Asia Pacific expected to offer the most attractive growth over the analysis period due to increasing investment in healthcare infrastructure along with improvement in the treatment rate of critical diseases. In addition, the region experience increasing awareness among consumers related to health monitoring and healthy lifestyle also anticipated boosting the market growth of portable medical devices in the region.
• By product, monitoring devices led the global portable medical devices market with a significant revenue share of around 50% in 2019. This is attributed to the increasing adoption of portable devices at healthcare centers. New product approval, technological advancement, and advantages such as mobility and compact design are some of the key factors that drive the market growth. On the other side, smart wearable devices registered the highest growth rate of nearly 19% over the forecast period due to the rising demand for wristband and other fitness monitoring devices for continuously monitoring long-term health of the consumer.
• Based on application, other application segment that consists of musculoskeletal, oncology, vascular, thoracic, and metabolic applications led the global portable medical devices market with considerable revenue share of nearly 35% in 2019. Besides this, gynecology expected to witness lucrative growth rate in the coming years. Increasing adoption of imaging technologies and other portable monitoring systems in the gynecology application propel its growth.

Regional Snapshots

In 2019, North America dominated the global portable medical devices market with noticeable revenue share of approximately 42%. This is mainly due to favorable government initiative to early diagnose disease and treat them. In addition, attractive insurance policies, technological advancement, and encouraging reimbursement are the other major factors responsible for the significant market growth in the region. Rising incidences of respiratory diseases due to habitual smoking and increasing problem of pollution has triggered the number of patients in the area that again escalates the demand for portable and advanced medical devices for proper diagnosis and treatment. Similarly, Europe is the other prime contributor in terms of revenue. Europe and North America together accounted for nearly 75% of value share in the overall market. Degradation of air quality along with other crucial diseases is the major cause to drive the application of portable medical devices in the region.

On the other hand, the Asia Pacific seeks opportunistic growth during the forecast period due increased spending in the medical sector. In past few years, the region has encountered exponential growth in the healthcare centers. Further, large concentration of population accounted for significant growth opportunity to the portable medical devices market. In addition, rising concern for health and fitness propel the demand for smart wearable’s such as smart wristbands for real-time monitoring the personal health.

Key Players:

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the portable medical devices market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the portable medical devices market include:

• Samsung Group
• General Electric Company
• Koninklijke Philips N.V
• VYAIRE
• Nox Medical
• OMRON Corporation
• Medtronic Plc

Segments Covered in the Report

This research study encompasses comprehensive assessment of the marketplace revenue with the help of prevalent quantitative and qualitative intelligences, and prognoses of the market. This report presents breakdown of market into major and niche segments. Furthermore, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This report comprises market division and its revenue valuation by categorizing it depending on product, application, and region:

By Product

• Therapeutics
  • Nebulizer
  • Insulin Pump
  • Image-guided Therapy Systems
  • Oxygen Concentrator
• Smart Wearable Medical Devices
• Diagnostic Imaging
  • X-ray
  • CT
  • Endoscope
  • Ultrasound
• Monitoring Devices
• Neuromonitoring
  • Electromyography (EMG) Machines
  • Electroencephalography (EEG) Machines
  • Intracranial pressure (ICP) Monitors
  • Cerebral Oximeters
  • Others
• Cardiac Monitoring
  • Resting ECG System
  • Event Monitoring Systems
  • Holter Monitors
  • Stress ECG Monitors
  • ECG Management Systems
• Respiratory Monitoring
  • Spirometers
  • Capnographs
  • Peak Flow Meters
• Neonatal Monitoring
• Fetal Monitoring
• Vital Sign Monitors
• Hemodynamic Monitoring Systems

By Application

• Cardiology
• Orthopedics
• Gynecology
• Urology
• Gastrointestinal
• Neurology
• Others

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

Key Takeaways

• Comprehensive analysis of the portable medical devices market trends and shares from 2020 to 2027 at global and regional level to identify growth opportunities and analyze market developments
• Exhaustive analysis of price trends with respect to resin type and region that are expected to impact the outlook of the global portable medical devices market
• Porters’ Five Forces analysis that highlights the bargaining power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions
• Extensive market outlook of key geographic regions along with market drivers, inhibitors, current & future market trends, and emerging applications
• Comprehensive list of key potential clients across major end-use industries in different geographies
• Thorough import-export analysis  across the globe
• Regional level production output to comprehend the demand-supply scenario
• Competitive landscape covers key companies’ profiling, market share analysis, market footprint analysis, competitive business strategies, channels, and competition matrix for key players

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Portable Medical Devices Market, By Product

7.1. Portable Medical Devices Market, by Product Type, 2020-2027
7.1.1. Therapeutics (Nebulizer, Insulin Pump, Image-guided Therapy Systems, Oxygen Concentrator)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Smart Wearable Medical Devices
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Diagnostic Imaging (X-ray, CT, Endoscope, Ultrasound)
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Monitoring Devices
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Neuromonitoring
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Cardiac Monitoring
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Respiratory Monitoring
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Neonatal Monitoring
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Fetal Monitoring
7.1.9.1. Market Revenue and Forecast (2016-2027)
7.1.10. Vital Sign Monitors
7.1.10.1. Market Revenue and Forecast (2016-2027)
7.1.11. Hemodynamic Monitoring Systems
7.1.11.1. Market Revenue and Forecast (2016-2027)
7.1.12. Others
7.1.12.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Portable Medical Devices Market, By Application

8.1. Portable Medical Devices Market, by Application, 2020-2027
8.1.1. Cardiology
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Orthopedics
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Gynecology
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Urology
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Gastrointestinal
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Neurology
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Portable Medical Devices Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. Samsung Group
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. General Electric Company
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Koninklijke Philips N.V
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. VYAIRE
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Nox Medical
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. OMRON Corporation
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Medtronic Plc
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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