September 23, 2021
Portable Medical Devices

Portable Medical Devices Market to Reach US$ 85.1 Bn, Globally, by 2027

Precedence Research has published a new report titled 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″, the global portable medical devices market size is expected to grow US$ 85.1 Billion by 2027, decelerating at a CAGR of over 11.35% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

The global portable medical devices market research report gives a brief summary of definitions, size analysis and place of production, sales, applications, types, and major players/key vendors of the portable medical devices industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies. The report provides the overall revenue of the global portable medical devices Market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Market Estimations:

Market Was Valued In 2019 US$ 37.2 Billion
Market Is Projected To Grow By 2027 US$ 85.1 Billion
Compound Annual Growth Rate (CAGR) 11.35 percent from 2020 to 2027

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.

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.

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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.

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.

Key Players & Strategies

The global portable medical devices market is dominated by the presence of significant market leaders. These market leaders adopt inorganic strategies such as partnership, collaboration, merger & acquisition, and joint venture to strengthen their footprint in the market. These players also focus primarily on the development of novel and innovative products to compete with rapid changing consumer demand. For instance, on April 26, 2018, Vyaire Medical acquired Acutronic Medical Systems, a manufacturer and developer of neonatal ventilation equipment.

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

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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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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