As per this study the Global Portable Medical Devices Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Portable medical devices are low-cost portable sensor technologies, which consume less power, and are more reliable. These are used across many applications such as diagnosis, monitoring, medical therapeutics, fitness & wellness, and others. Some of the end-user of the portable medical device are hospitals, clinics, home care, ambulatory care centers, and surgical centers
The increasing adoption of technologically advanced and wearable devices among consumers along with the ongoing trend of accurate and real-time monitoring is driving market growth. Also, rising geriatric populations and increasing awareness among consumers about the benefits of portable devices such as increased mobility is again fuelling the market growth. However, regulatory clearance for this portable medical devices is expected to hinder the market growth at a certain level.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of portable medical devices.
The broad portable medical devices market has been sub-grouped into application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Medical Therapeutics
- Fitness & Wellness
- Homecare Patient
- Ambulatory Care Centers
- Surgical Centers
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for portable medical devices in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Portable Medical Devices Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the portable medical devices market include CareFusion Corporation, Covidien Plc., GE Healthcare, Medtronic, Natus Medical, Philips Healthcare, Qualcomm, Roche Diagnostics, Samsung and Texas Instruments, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.