Portable Medical Devices Market

Portable Medical Devices Market

Global Industry Analysis (2019 - 2021) - Growth Trends and Market Forecast (2022 - 2027)

Published Date: Jul 2022 | Format: | No. of Pages: 121

Industry: Medical Devices | Author Name: Sayali

“The global portable medical devices market is estimated to register the revenue worth US$57,335.9 Mn by 2022 end and is set to witness robust revenue growth between 2022 and 2027. Fairfield Market Research indicates that the global portable medical devices market will rise at a healthy pace of 9.2% CAGR during the period of assessment, reaching a market value of US$96,930.4 Mn.”

Portable Medical Devices Market Upbeat with Ascending Adoption of Continuous Monitoring and Diagnostic Solutions

Extensive use at the various settings such as home care settings, ambulatory care settings, small clinics, pop-up healthcare check-up hubs, and hospice/palliative care will continue to uphold the prospects of portable medical devices market worldwide. Most of the portable medical devices are dependent on the cloud for data storage, modification, and retrieving. These devices being portable use wireless connections, Bluetooth, or other means for connectivity. Mobile devices are integrated with software applications for added features of data visibility, sharing, communication between patients and providers, decision making, and patient monitoring. These features also enable real-time monitoring and notifications for abnormal readings which is proving life-saving for many patients. Advancement in technology has enabled the miniaturization of the hardware of the devices making them portable and user-friendly. Common examples of portable medical devices include blood pressure monitors, continuous glucose monitors, portable ECGs, automated insulin pumps, and compact CT, and X-ray devices among others.

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Adoption Upbeat Across All Healthcare Realms, COVID-19 Pandemic Remains a Strong Booster to Demand

Constantly rising demand for continuous monitoring and diagnostics solutions, especially post-pandemic, will offer a significant push to portable medical devices market. Adoption of compact and user-friendly devices is growing prominent according to research. Industry though attractive poses risk of impeding the market growth. The portable devices industry is constantly evolving over the past decade. Constant miniaturisation of the products, high price competition, and fragmentation of the market are primarily restraining the performance of portable medical devices market. On the other hand, there has been a consistently rising demand for healthcare services, including aged care, home care, and hospice centres over the recent past. This is expected to create lucrative remunerative growth opportunities in portable medical devices market. Perpetual introduction of compact and user-friendly devices, coupled with increased adoption of continuous monitoring devices will hold its impact over the growth of portable medical devices market during the forecast period. Moreover, increasing efforts toward reducing hospital admissions is expected to amplify adoption rate, in turn driving the growth of portable medical devices market.

Market to Benefit from Increasing Availability of Advanced Technology at Competitive Pricing

The rise in medical tourism, high disposable incomes, aggressive marketing, and an increasing population suffering from chronic diseases in these countries have made for increasing opportunities for portable medical device players in emerging countries. Increasingly valuable and yet cost-effective products have begun to attract new untapped demographics. The availability of small players offering high-quality products at cheaper prices is creating growth opportunities in emerging countries like India, and China.

Developed Countries Dominant in Portable Medical Devices Market, Phenomenal Growth Projected for Asia Pacific

The presence of major market players in North America, and European countries is contributing to the highest revenue generation in these regions. Moreover, higher spending capacity, availability of government rebates, and high awareness about the available remote healthcare services options is driving the growth of the North American, and European markets. While Asia Pacific is expected to showcase the fastest growth rate owing to the booming medical tourism industry, availability of advanced products at a cheaper price in addition to constantly rising patient population. Asia Pacific is expected to witness the highest CAGR of 10.4% during the forecast period 2022-2027.

Key Players in Global Portable Medical Devices Market

Some of the key market players holding a substantial share in global portable medical devices market include Medtronic PLC, Siemens Healthcare, GE Healthcare, Philips, Omron, Roche Diagnostics, Canon, and Shimadzu. While the key competitors maintain their strategic focus on innovations, they continue to eye augmented shares across regional markets for a wider geographic coverage, and stronger market positioning.

The Global Portable Medical Devices Market is Segmented as Below:

Product Type

  • Diagnostics and Monitoring
  • Therapeutic
  • Surgical
  • Others

Application Type

  • Cardiology
  • Gynaecology
  • Orthopaedics
  • Neurology
  • Others
  • Beauty Spas

Geographic Coverage

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

Leading Companies

  • Medtronic Plc
  • Omron
  • Canon
  • Shimadzu
  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthcare
  • Others

Inside this Report you will find:

1. Executive Summary
2. Market Overview
3. Global Portable Medical Devices Market Outlook, 2019 - 2027
4. North America Portable Medical Devices Market Outlook, 2019 - 2027
5. Europe Portable Medical Devices Market Outlook, 2019 - 2027
6. Asia Pacific Portable Medical Devices Market Outlook, 2019 - 2027
7. Rest of the World Portable Medical Devices Market Outlook, 2019 - 2027
8. Competitive Landscape
9. Appendix

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1. Executive Summary
     1.1. Global Portable Medical Devices Market Outlook, 2019-2027 (US$ Million)
     1.2. Global Portable Medical Devices Market Incremental Opportunity, 2022- 2027 (US$ Million)
     1.3. Key Industry Trends

2. Market Overview
     2.1. Market Definition and Segmentation
     2.2. Market Dynamics
            2.2.1. Market Drivers
            2.2.2. Market Threats
            2.2.3. Market Opportunities
     2.3. Regulatory Framework
     2.4. COVID 19 Impact Analysis

3. Global Portable Medical Devices Market Outlook, 2019-2027
     3.1. Global Portable Medical Devices Market Outlook, By Product Type, 2019-2027
            3.1.1. Key Highlights
            3.1.2. Global Portable Medical Devices Market Outlook, by Product Type, Value (US$ Million), 2019-2027
                  3.1.2.1. Diagnostics and Monitoring
                  3.1.2.2. Therapeutics
                  3.1.2.3. Surgical
                  3.1.2.4. Others
            3.1.3. Global Portable Medical Devices Market Share and BPS Analysis, by Product Type, Value, 2022 and 2027
            3.1.4. Global Portable Medical Devices Market Attractiveness Analysis, by Product Type, Value, 2022-2027
     3.2. Global Portable Medical Devices Market Outlook, By Application Type, 2019-2027
            3.2.1. Key Highlights
            3.2.2. Global Portable Medical Devices Market Outlook, By Application Type, Value (US$ Million), 2019-2027
                  3.2.2.1. Gynaecology
                  3.2.2.2. Orthopaedics
                  3.2.2.3. Cardiology
                  3.2.2.4. Neurology
                  3.2.2.5. Others
            3.2.3. Global Portable Medical Devices Market Share and BPS Analysis, by Application Type, Value, 2022 and 2027
            3.2.4. Global Portable Medical Devices Market Attractiveness Analysis, by Application Type, Value, 2022-2027
     3.3. Global Portable Medical Devices Market Outlook, By Region, 2019-2027
            3.3.1. Key Highlights
            3.3.2. Global Portable Medical Devices Market Outlook, by Region, Value (US$ Million), 2019-2027
                  3.3.2.1. North America
                  3.3.2.2. Europe
                  3.3.2.3. Asia Pacific
                  3.3.2.4. Rest of the World
            3.3.3. Global Portable Medical Devices Market Share and BPS Analysis, by Region, Value, 2022 and 2027
            3.3.4. Global Portable Medical Devices Market Attractiveness Analysis, by Region, Value, 2022-2027

4. North America Portable Medical Devices Market Outlook, 2019-2027
     4.1. North America Portable Medical Devices Market Outlook, By Product Type, 2019-2027
            4.1.1. Key Highlights
            4.1.2. North America Portable Medical Devices Market Outlook, by Product Type, Value (US$ Million), 2019-2027
                  4.1.2.1. Diagnostics and Monitoring
                  4.1.2.2. Therapeutics
                  4.1.2.3. Surgical
                  4.1.2.4. Others
            4.1.3. North America Portable Medical Devices Market Share and BPS Analysis, by Product Type, Value, 2022 and 2027
            4.1.4. North America Portable Medical Devices Market Attractiveness Analysis, by Product Type, Value, 2022-2027
     4.2. North America Portable Medical Devices Market Outlook, By Application Type, 2019-2027
            4.2.1. Key Highlights
            4.2.2. North America Portable Medical Devices Market Outlook, by Application Type, Value (US$ Million), 2019-2027
                  4.2.2.1. Gynaecology
                  4.2.2.2. Orthopaedics
                  4.2.2.3. Cardiology
                  4.2.2.4. Neurology
                  4.2.2.5. Others
            4.2.3. North America Portable Medical Devices Market Share and BPS Analysis, by Application Type, Value, 2022 and 2027
            4.2.4. North America Portable Medical Devices Market Attractiveness Analysis, by Application Type, Value, 2022-2027
     4.3. North America Portable Medical Devices Market Outlook, By Country, 2019-2027
            4.3.1. Key Highlights
            4.3.2. North America Portable Medical Devices Market Outlook, by Country, Value (US$ Million), 2019-2027
                  4.3.2.1. U.S.
                  4.3.2.2. Canada
            4.3.3. North America Portable Medical Devices Market Share and BPS Analysis, by Country, 2022 and 2027
            4.3.4. North America Portable Medical Devices Market Attractiveness Analysis, by Country, Value, 2022-2027

5. Europe Portable Medical Devices Market Outlook, 2019-2027
     5.1. Europe Portable Medical Devices Market Outlook, By Product Type, 2019-2027
            5.1.1. Key Highlights
            5.1.2. Europe Portable Medical Devices Market Outlook, by Product Type, Value (US$ Million), 2019-2027
                  5.1.2.1. Diagnostics and Monitoring
                  5.1.2.2. Therapeutics
                  5.1.2.3. Surgical
                  5.1.2.4. Others
            5.1.3. Europe Portable Medical Devices Market Share and BPS Analysis, by Product Type, Value, 2022 and 2027
            5.1.4. Europe Portable Medical Devices Market Attractiveness Analysis, by Product Type, Value, 2022-2027
     5.2. Europe Portable Medical Devices Market Outlook, By Application Type, 2019-2027
            5.2.1. Key Highlights
            5.2.2. Europe Portable Medical Devices Market Outlook, by Application Type, Value (US$ Million), 2019-2027
                  5.2.2.1. Gynaecology
                  5.2.2.2. Orthopaedics
                  5.2.2.3. Cardiology
                  5.2.2.4. Neurology
                  5.2.2.5. Others
            5.2.3. Europe Portable Medical Devices Market Share and BPS Analysis, by Application Type, Value, 2022 and 2027
            5.2.4. Europe Portable Medical Devices Market Attractiveness Analysis, by Application Type Value, 2022-2027
     5.3. Europe Portable Medical Devices Market Outlook, By Country, 2019-2027
            5.3.1. Key Highlights
            5.3.2. Europe Portable Medical Devices Market Outlook, by Country, Value (US$ Million), 2019-2027
                  5.3.2.1. U.K.
                  5.3.2.2. Germany
                  5.3.2.3. Italy
                  5.3.2.4. Spain
                  5.3.2.5. Rest of Europe
            5.3.3. Europe Portable Medical Devices Market Share and BPS Analysis, by Country, Value, 2022 and 2027
            5.3.4. Europe Portable Medical Devices Market Attractiveness Analysis, by Country, Value, 2022-2027

6. Asia Pacific Portable Medical Devices Market Outlook, 2019-2027
     6.1. Asia Pacific Portable Medical Devices Market Outlook, By Product Type, 2019-2027
            6.1.1. Key Highlights
            6.1.2. Asia Pacific Portable Medical Devices Market Outlook, by Product Type, Value (US$ Million), 2019-2027
                  6.1.2.1. Diagnostics and Monitoring
                  6.1.2.2. Therapeutics
                  6.1.2.3. Surgical
                  6.1.2.4. Others
            6.1.3. Asia Pacific Portable Medical Devices Market Share and BPS Analysis, by Product Type, Value, 2022 and 2027
            6.1.4. Asia Pacific Portable Medical Devices Market Attractiveness Analysis, by Product Type, Value, 2022-2027
     6.2. Asia Pacific Portable Medical Devices Market Outlook, By Country, 2019-2027
            6.2.1. Key Highlights
            6.2.2. Asia Pacific Portable Medical Devices Market Outlook, by Country, Value (US$ Million), 2019-2027
                  6.2.2.1. India
                  6.2.2.2. Japan
                  6.2.2.3. China
                  6.2.2.4. Rest of Asia Pacific
            6.2.3. Asia Pacific Portable Medical Devices Market Share and BPS Analysis, by Country, Value, 2022 and 2027
            6.2.4. Asia Pacific Portable Medical Devices Market Attractiveness Analysis, by Country, Value, 2022-2027
     6.3. Asia Pacific Portable Medical Devices Market Outlook, By Application Type, 2019-2027
            6.3.1. Key Highlights
            6.3.2. Asia Pacific Portable Medical Devices Market Outlook, by Application Type, Value (US$ Million), 2019-2027
                  6.3.2.1. Gynaecology
                  6.3.2.2. Orthopaedics
                  6.3.2.3. Cardiology
                  6.3.2.4. Neurology
                  6.3.2.5. Others
            6.3.3. Asia Pacific Portable Medical Devices Market Share and BPS Analysis, by Application type, Value, 2022 and 2027
            6.3.4. Asia Pacific Portable Medical Devices Market Attractiveness Analysis, by Application type, Value, 2022-2027

7. Rest of the World Portable Medical Devices Market Outlook, 2019-2027
     7.1. Rest of the World Portable Medical Devices Market Outlook, By Product Type, 2019-2027
            7.1.1. Key Highlights
            7.1.2. Rest of the World Portable Medical Devices Market Outlook, by Sub-region, Value (US$ Million), 2019-2027
                  7.1.2.1. Latin America
                  7.1.2.2. Middle East & Africa
            7.1.3. Rest of the World Portable Medical Devices Market Outlook, by Product Type, Value (US$ Million), 2019-2027
                  7.1.3.1. Diagnostics and Monitoring
                  7.1.3.2. Therapeutics
                  7.1.3.3. Surgical
                  7.1.3.4. Others
            7.1.4. Rest of the World Portable Medical Devices Market Share and BPS Analysis, by Product Type, Value, 2022 and 2027
            7.1.5. Rest of the World Portable Medical Devices Market Attractiveness Analysis, by Product Type, Value, 2022-2027
     7.2. Rest of the World Portable Medical Devices Market Outlook, By Application Type, 2019-2027
            7.2.1. Key Highlights
            7.2.2. Rest of the World Portable Medical Devices Market Outlook, by Application Type, Value (US$ Million), 2019-2027
                  7.2.2.1. Gynaecology
                  7.2.2.2. Orthopaedics
                  7.2.2.3. Cardiology
                  7.2.2.4. Neurology
                  7.2.2.5. Others
            7.2.3. Rest of the World Portable Medical Devices Market Share and BPS Analysis, by Application Value, 2022 and 2027
            7.2.4. Rest of the World Portable Medical Devices Market Attractiveness Analysis, by Application Type Value, 2022-2027
     7.3. Rest of the World Portable Medical Devices Market Outlook, By Sub-region, 2019-2027
            7.3.1. Key Highlights
            7.3.2. Rest of the World Portable Medical Devices Market Outlook, by Sub-region, Value (US$ Million), 2019-2027
                  7.3.2.1. Latin America
                  7.3.2.2. Middle East & Africa
            7.3.3. Rest of the World Portable Medical Devices Market Share and BPS Analysis, by Sub-region, Value, 2022 and 2027
            7.3.4. Rest of the World Portable Medical Devices Market Attractiveness Analysis, by Sub-region, Value, 2022-2027

8. Competitive Landscape
     8.1. Market Share Analysis, 2021
     8.2. Company Profiles
            8.2.1. Medtronic Plc
                  8.2.1.1. Company overview
                  8.2.1.2. Financial performance
                  8.2.1.3. Product Portfolio
Above details will include, but not be limited to below list of companies based on availability
            8.2.2. Philips
            8.2.3. Siemens Healthcare
            8.2.4. GE Healthcare
            8.2.5. Canon
            8.2.6. Shimadzu
            8.2.7. Omron

9. Appendix
     9.1. Research Methodology
     9.2. Report Specific Research Approach

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2021

2019 - 2020

   2022 - 2027 

Value: US$ Million 

 

REPORT FEATURES

DETAILS

Product Type

  • Diagnostics and Monitoring
  • Therapeutic
  • Surgical
  • Others

Application Type

  • Cardiology
  • Gynaecology
  • Orthopaedics
  • Neurology
  • Others
  • Beauty Spas

Geographic Coverage

  • North America
  • United States
  • Canada
  • Europe
  • United Kingdom
  • Germany
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

Leading Companies

  • Medtronic Plc
  • Omron
  • Canon
  • Shimadzu
  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthcare
  • Others

Report Highlights  

Key Market Indicators, Market Estimates and Forecast (Value), Market Dynamics, Regulatory Guidelines, COVID-19 Impact Analysis, Regional and Country Insights, Competitive Landscape, Company Profiles

FAQs : Portable Medical Devices Market

Global portable medical devices market is anticipated to reach US$96,930.4 Mn indicating high adoption of remote healthcare services.

Global portable medical devices market is anticipated to witness a CAGR of 9.2% through the forecast period 2022-2027 and reach US$96,930.4 Mn by 2027 from US$57,335.9 Mn in 2022.

North America leads the global portable medical devices market in terms of value. The region will continue to lead its way through the forecast period to reach the value of US$36,746.30 Mn by 2027. Increasing efforts to reduce hospital admissions is fuelling the adoption of home care and other remote healthcare services resulting in higher demand for portable medical devices in the region.

Asia Pacific portable medical devices market is anticipated to witness a CAGR of 10.4% through the forecast period 2022-2027 and reach US$19,822.3 Mn by 2027 from US$9,874.1 Mn in 2021.

Diagnostics and monitoring segment is anticipated to dominate the global portable medical devices Market by 2027 with the contribution of ~44%.

Our Research Methodology

Under uncertainty, traditional approaches to strategic planning can be downright dangerous. True ambiguity is no basis to forecast the future – degree of risk, the magnitude of circumstances, conditions and consequences are not known or unpredictable. To avoid dangerous binary views of uncertainty; strategic posture, moves and actions through market research is the best bet.

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