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Portable Medical Devices Market to Grow US$ 11.35 Billion by 2027

The global Portable Medical Devices market size is expected to surpass around US$ 85.05 billion by 2027 and the market is expected to garner growth at a CAGR of 11.35% over the forecast period 2021 to 2027.

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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.

Market Report Scope

Report Highlights Details
Market Size USD 85.05 Billion by 2027
Growth Rate CAGR of 11.35% From 2021 to 2027
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2020 to 2027

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Market Overview

A recent study by Precedence Research on the Portable Medical Devices market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Portable Medical Devices market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Portable Medical Devices. The study also provides the dynamics that are responsible for influencing the future status of the Portable Medical Devices market over the forecast period.

A detailed assessment of the Portable Medical Devices market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Portable Medical Devices market along with their product portfolio enhances the reliability of this comprehensive research study.

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.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

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

Segments Covered in the Report

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

Why should you invest in this report?

If you are aiming to enter the global Portable Medical Devices market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Portable Medical Devices are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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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